Featured Real Estate News
Miami Real Estate Developer Indicted for $85 Million Fraud Scheme
A Miami real estate developer has been indicted in federal court for orchestrating an $85 million fraud scheme, failing to pay millions in taxes, and lying to financial institutions to obtain funds to purchase a luxury yacht. According to court documents, Rishi Kapoor...
Miami Real Estate Developer Indicted for $85 Million Fraud Scheme
The US Securities and Exchange Commission also filed a separate civil action against Rishi Kapoor. Continue Reading Miami Real Estate Developer Indicted for $85 Million Fraud Scheme
Lowe’s Seeks Communities to Submit Projects for ‘Bucket List’ Renovations
Lowe's Companies Inc. (NYSE: LOW) is calling on communities across the US to nominate “bucket list” renovation projects that will improve nonprofit, municipal and community spaces. The home improvement retail company will award Lowe's Community Impact Grants to 100...
Single-Family Housing Starts Up in December
Single-family housing starts in December were at a rate of 981,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.1% above the revised November figure of 942,000. Privately-owned housing starts in December were...
NYC Mayor Mamdani Threatens 9.5% Property Tax Hike if State Rejects His Call for a New Wealth Tax
New York City Mayor Zohran Mamdani is threatening to raise property taxes by 9.5% unless the state government agrees to his demand to raise taxes on the city’s wealthiest residents. Property taxes are the city’s largest revenue source, and the mayor does not require...
News & Current Events
Drop in January Canadian Home Sales Blamed on Winter Weather
The non-seasonally adjusted national average home price was $652,941 in January. Continue Reading Drop in January Canadian Home Sales Blamed on Winter Weather
Florida Dominated Top 10 List of January’s Most Expensive Home Sales
All of the 10 most expensive properties sold last month carried price tags of more than $29 million. Continue Reading Florida Dominated Top 10 List of January’s Most Expensive Home Sales
Coalition of 174 Organizations Urge HUD Not to Drop Disparate Impact Regulations
The coalition said the disparate impact regulations was one of the most impactful tools used to fight housing discrimination. Continue Reading Coalition of 174 Organizations Urge HUD Not to Drop Disparate Impact Regulations
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Exclusive News
Pending Home Sales Plummeted During December
On a regional basis, pending home sales were down in all four regions on a month-over-month measurement. Continue Reading Pending Home Sales Plummeted During December
Trump Commutes Sentence on Real Estate Developer Convicted in $50 Million Mortgage Fraud Scheme
Trump offered no explanation for this action, which was issued on Jan. 15 without an official announcement. Continue Reading Trump Commutes Sentence on Real Estate Developer Convicted in $50 Million Mortgage Fraud Scheme
Tampa Bay Rays in MOU to Build New Stadium on Hillsborough College Campus
The MOU also includes the creation of new facilities for Hillsborough College, which has 180 days to negotiate and approve a final agreement with the team. Continue Reading Tampa Bay Rays in MOU to Build New Stadium on Hillsborough College Campus
Sen. Warren Demands DOJ Records on Probe into Fed Chairman Powell
FHFA Director Bill Pulte claimed he was not involved in the DOJ’s actions, although several media reports cited him as being the instigator of the probe. Continue Reading Sen. Warren Demands DOJ Records on Probe into Fed Chairman Powell
Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
“My Administration will take decisive action to stop Wall Street from treating America’s neighborhoods like a trading floor and empower American families to own their homes,” said the president. Continue Reading Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
The FHA share of total applications decreased to 15.9% from 19.2% the week prior. Continue Reading Refinancing Inquiries Spark Upswing in Mortgage Application Activity