Featured Real Estate News
Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
An internal investigation by the Chicago Housing Authority (CHA) has determined Commissioner Debra Parker has committed housing voucher fraud. WBEZ reports Parker, who has served on the CHA board since 2018, has participated in the Housing Choice Voucher program (also...
Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
The investigation concluded that Debra Parker owes the CHA more than $12,000 from her failure to properly report income and household composition. Continue Reading Chicago Housing Authority Commissioner Accused of Section 8 Voucher Fraud
Ex-Financial Advisor Sentenced for Defrauding Elderly Investors in Real Estate Scam
A former Maryland financial advisor was sentenced to 18 months in jail, to be followed by five years of probation, for defrauding elderly investors in a real estate scam. Andrew Joseph Egber previously worked as a financial services provider in Maryland for Wells...
Mortgage Application Activity Surges by 11%
Mortgage application activity enjoyed a vigorous upswing during the week ending Feb. 27, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11% on a seasonally...
Parkspring Multifamily to Break Ground on 240-Unit Texas Apartment Community
Parkspring Multifamily, a Texas-based real estate investment and development firm, is set to break ground on The Lucille, a Class A garden-style apartment community Fredericksburg, Texas. Located on a 14.28-acre site, the community will feature 240 residences across...
News & Current Events
JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
The property totals approximately 53,000 square feet and is 100% leased to a single tenant. Continue Reading JLL Income Property Trust Acquires West Boston Medical Center for $32 Million
Survey: Most Montana Voters Oppose Substituting Property Taxes with a Statewide Sales Tax
Montana is one of five states without a statewide sales tax. Continue Reading Survey: Most Montana Voters Oppose Substituting Property Taxes with a Statewide Sales Tax
CMBS Delinquency Rate Dropped to 7.14% in February
Three of the five major commercial property sectors recorded delinquency rate declines. Continue Reading CMBS Delinquency Rate Dropped to 7.14% in February
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Report: Typical Household Needs 7 Years to Save for a Down Payment
In many expensive coastal metros, saving for a typical down payment can take 20 to more than 35 years. Continue Reading Report: Typical Household Needs 7 Years to Save for a Down Payment
Pending Home Sales Up 3.3%
On a regional measurement, pending home sales were up month-over-month and year-over-year in the Northeast, Midwest, South, and West. Continue Reading Pending Home Sales Up 3.3%
HUD Secretary Turner: 50-Year Mortgage Plan Needs More Research
Housing and Urban Development (HUD) Secretary Scott Turner declined to endorse President Trump’s proposal of a 50-year mortgage plan to help reanimate the housing market, stating the idea needed to be studied further before being put forth as a solution to the...
Florida GOP Governor Candidate Proposes Down Payment Program with Funds from Israeli Bonds Divestment
The 30-year-old James Fishback has gained visibility through media appearances where he spoke in favor of President Trump’s agenda. Continue Reading Florida GOP Governor Candidate Proposes Down Payment Program with Funds from Israeli Bonds Divestment
Washington Lt. Gov. Proposes Turning Vacant Strip Malls and Big Box Stores into Housing
“If done correctly, it’s a win, win, win, win, win,” said Lt. Gov. Denny Heck. Continue Reading Washington Lt. Gov. Proposes Turning Vacant Strip Malls and Big Box Stores into Housing
Wisconsin Allocates Over $6.3 Million for Affordable Housing Loan Program Awards
“I was proud to secure the largest state investment in workforce housing in our history,” said Gov. Tony Evers. Continue Reading Wisconsin Allocates Over $6.3 Million for Affordable Housing Loan Program Awards
FBI Director Kash Patel Announces Closure of Agency’s Longtime DC HQ
The Hoover Building served as FBI headquarters since 1975. Continue Reading FBI Director Kash Patel Announces Closure of Agency’s Longtime DC HQ
Ralph O. McDaniel, Prominent Figure in Arkansas Real Estate, Dies at 82
McDaniel served as president of the Little Rock Realtors Association in 1988. Continue Reading Ralph O. McDaniel, Prominent Figure in Arkansas Real Estate, Dies at 82
4 Northeast Governors Demand Briefing on Why Trump Suspended Offshore Wind Projects
The governors also warned the suspension order contradicted the Trump administration’s dual missions for achieving energy independence and creating jobs. Continue Reading 4 Northeast Governors Demand Briefing on Why Trump Suspended Offshore Wind Projects