Featured Real Estate News
Ex-Massachusetts Realtor Pleads Guilty to $11 Million Embezzlement
A former Massachusetts realtor who was indicted on multiple charges including embezzlement was sentenced to two-to-three years in prison followed by five years of probation after changing his plea to guilty. WCBV reports Stephen Webster, the owner of the now-defunct...
Ex-Massachusetts Realtor Pleads Guilty to $11 Million Embezzlement
Stephen Webster was indicted on Sept. 12 and arrested in Palm Beach County, Florida, on Sept. 30. Continue Reading Ex-Massachusetts Realtor Pleads Guilty to $11 Million Embezzlement
Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
The Georgia Senate has passed a bill that will reduce homeowner property taxes by creating a new sales tax. WABE reports the Senate’s measure was amended on House Bill 1116, which proposed a cap on property tax valuation increases. The Senate’s proposal creates...
NFL’s Goodell: Bears Need to Secure New Stadium Deal ‘Sooner Than Later’
NFL Commissioner Roger Goodell has warned the Chicago Bears to make up their mind on where they intend to build a new stadium. The Chicago Sun-Times reports Goodell expressed impatience with the team during his NFL annual news conference. “They need to find a solution...
Apollo Funds Acquire UK’s Gatehouse Living Group
The New York City-based global alternative asset manager Apollo (NYSE: APO) announced that Apollo-managed funds have acquired Gatehouse Living Group (GLG), a vertically integrated UK residential investment and management platform, from Gatehouse Bank. The financial...
News & Current Events
CMBS Delinquency Rate Up 41 Basis Points to 7.55%
One year ago, the CMBS delinquency rate was 6.65%. Continue Reading CMBS Delinquency Rate Up 41 Basis Points to 7.55%
Apartment Rents Up Slightly in March
On an annual basis, rent growth eased slightly to 0.4% in March, down from 0.5% in February and from 1.5% one year earlier. Continue Reading Apartment Rents Up Slightly in March
Canopy Real Estate Partners Pays $13.39 Million for 36-Unit Phoenix-Area Multifamily Community
CJ Townhomes will be rebranded as The Sonoran Townhomes. Continue Reading Canopy Real Estate Partners Pays $13.39 Million for 36-Unit Phoenix-Area Multifamily Community
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Exclusive News
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
238-Unit Mixed-Income Apartment Building Opens in New Haven
The five-story building as 57 units, or 20% of the residences, set aside for households earning an average of 50% of the area median income. Continue Reading 238-Unit Mixed-Income Apartment Building Opens in New Haven
‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Burry added that the housing market was “in for a long winter” if current economic conditions remain or worsen. Continue Reading ‘Big Short’ Investor Michael Burry: Fannie-Freddie IPO Not Happening Until at Least 2027
Elite International Realty Launches Invite-Only Luxury Division
Signature Collection listings will be exclusive to luxury clients and will feature distinct branding and tailored marketing strategies. Continue Reading Elite International Realty Launches Invite-Only Luxury Division
Jacqueline Waggoner Named Chief Executive at Century Housing
Waggoner was previously president of the Solutions Division at Enterprise Community Partners. Continue Reading Jacqueline Waggoner Named Chief Executive at Century Housing
Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
The arena has been at its site since 1968, and the proposal calls for a public plaza to replace the 820,000-square-foot building. Continue Reading Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Report: Most Homes Were Unaffordable During Q1
California’s Los Angeles County was the least affordable market in ATTOM’s report. Continue Reading Report: Most Homes Were Unaffordable During Q1
Fannie Mae to Back New Crypto-Backed Mortgages
The new mortgages will be originated and serviced by Better, with Bitcoin and USDC pledges powered by Coinbase. Continue Reading Fannie Mae to Back New Crypto-Backed Mortgages