Featured Real Estate News
Philip O’Bannon to Lead Newmark’s Infrastructure Capital Markets Business
Newmark Group Inc. (NASDAQ: NMRK) has hired Philip O'Bannon as senior managing director to lead its infrastructure capital markets business. In this role, O'Bannon will be responsible for expanding Newmark's advisory and capital raising capabilities across the full...
Philip O’Bannon to Lead Newmark’s Infrastructure Capital Markets Business
O’Bannon joins Newmark from Citigroup, where he spent seven years in the power and utilities investment banking group. Continue Reading Philip O’Bannon to Lead Newmark’s Infrastructure Capital Markets Business
Mortgage Rates Surge for Fourth Straight Week
Mortgage rates continued to rise for the fourth straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.38% as of March 26, up from last week when it averaged 6.22%. A year ago...
Report: Most Homes Were Unaffordable During Q1
Homes were less affordable than historical averages in 97% of counties with sufficient data to analyze for the first quarter of this year, according to a new data report from ATTOM. The new report found major monthly expenses for median-priced single-family homes and...
Fannie Mae to Back New Crypto-Backed Mortgages
Better Home & Finance Holding Company (NASDAQ: BETR), and Coinbase (NASDAQ: COIN) have partnered on the introduction of cryptocurrency-backed mortgages that will be backed by Fannie Mae (OTCQB: FNMA). The new mortgages will be originated and serviced by Better,...
News & Current Events
FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James
The new criminal referrals follow the Trump administration’s failed efforts to secure a mortgage fraud indictment against James. Continue Reading FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James
DC Office Building Sold for $24 Million, Will Become Rental Housing
“The entire thing needs to be gutted on the inside,” said Hossein Fateh, Dalian Development’s founder and CEO. Continue Reading DC Office Building Sold for $24 Million, Will Become Rental Housing
RE/MAX in $8.5 Million Settlement of Batton Lawsuit
The settlement does not require the company to admit liability. Continue Reading RE/MAX in $8.5 Million Settlement of Batton Lawsuit
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Exclusive News
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
The bill has been referred to the House Committee on Ways and Means for consideration. Continue Reading New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
Ground Broken on New Mixed-Use Development in Ottawa
The project will also feature ground-floor retail and public spaces designed to support a pedestrian-oriented environment. Continue Reading Ground Broken on New Mixed-Use Development in Ottawa
New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Only 21 New Jersey towns recorded no change or a decrease in their property tax bills. Continue Reading New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Homeowner Affordability Improves Slightly in California
More California households (28%) could afford a typical condo/townhome in the fourth quarter, rising from 27% in the prior quarter and from 25% one year before. Continue Reading Homeowner Affordability Improves Slightly in California
Mortgage Application Activity Remains Flat as Credit Availability Increases
The FHA share of total applications increased to 18.4% from 17.8% the week prior. Continue Reading Mortgage Application Activity Remains Flat as Credit Availability Increases
The Iowa Bears? Hawkeye State Eyes Chicago Team
Iowa’s pitch comes as some Indiana lawmakers have hit the brakes on their state’s efforts to attract the Bears. Continue Reading The Iowa Bears? Hawkeye State Eyes Chicago Team
QXO Acquires Kodiak Building Partners for $2.25 Billion
Kodiak reported roughly $2.4 billion of revenues last year. Continue Reading QXO Acquires Kodiak Building Partners for $2.25 Billion
Connecticut Developer-Builder Suddenly Dies Shortly Before Facing Fraud Trial
William Ferrigno’s criminal trial was slated to begin on March 11. Continue Reading Connecticut Developer-Builder Suddenly Dies Shortly Before Facing Fraud Trial
California Real Estate Investor Pleads Guilty in $9 Million Fraud Case
Matthew Campbell is scheduled to be sentenced on May 11 and faces a maximum statutory penalty of 20 years in prison and a fine of up to $250,000. Continue Reading California Real Estate Investor Pleads Guilty in $9 Million Fraud Case