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Real estate startup Cadre rakes in more than $300 million from sales of three apartment complexes
Source: Fortune --- Led by a prodigious millennial founder, financially backed by both Kushner brothers, and deploying a sophisticated tech platform, real estate tech startup Cadre has garnered ample attention in recent years. The company has promised to...
The REAL Agents of Change: Evolving Real Estate Through Charitable Giving
Source: Yahoo Finance --- True to their name, The REAL Agents of Change, are utilizing real estate to bring about lasting and impactful change through charitable giving of real estate. Through her passion for entrepreneurship and service, founder Cami Baker has...
Southwest Virginia real estate couple indicted on federal fraud, identity theft charges: The couple created at least 19 fraudulent sales contracts to fraudulently obtain money
Source: WSLS--- A Wise, Virginia couple who owned and operated a local real estate agency has been indicted on federal fraud and identity theft charges. 40-year-old Jessee Allen Deloach and 38-year-old Natasha Ashley Miller Deloach owned Koltown Properties, which has...
Family and Real Estate: Should Agents Disclose That They’re Related to a Client?
Source: Realtor.com --- Let’s say you’ve just decided to sell your home and your favorite sister-in-law is a real estate professional. It follows that you may go to her for advice, and maybe even ask her to be your seller’s agent. (Ditto if you’re looking to buy in...
Home prices keep shattering records: How can buyers cope?
Source: Bankrate --- Home prices can’t keep going up forever. Can they? During the COVID-19 contagion, Americans proved willing to pay a premium for homes — so much so that home prices shattered all records. Spurred by historically low mortgage rates, lack of...
Zillow reportedly needs to sell 7,000 houses after it bought too many
Source: The Verge --- Zillow is trying to offload around $2.8 billion worth of houses onto investors after it bought them with the intent of selling them to hopeful homeowners and landlords, according to a report by Bloomberg. This...
Mortgage Bond Sales Surged in October
Source: Wall Street Journal --- Mortgage companies in the U.S. issued $21 billion of mortgage-backed bonds in October, the second heaviest month of borrowing since the 2008-09 financial crisis, according to research by Bank of America Corp. One reason: It is cheaper...
Homeowners With Risky Alternatives to Traditional Mortgages Eligible for COVID-19 Relief Money
Source: Pew --- The U.S. Treasury Department released guidance in August that made financial assistance available to homeowners experiencing financial hardship linked to the COVID-19 pandemic. The aid could be offered to those with traditional mortgages and those...
Groundbreaking Study Highlights How Design and Development Decisions Affect Embodied Carbon
Source: Tree Hugger --- Many booming cities are desperately short of housing and developers are responding with even taller buildings. Many urbanists believe this is a good thing, although studies have shown that life-cycle and operating emissions increase with...
Could Zillow buy the neighborhood?
Source: Vox --- Anything can be done online. Some tech companies, like Zillow and Redfin, think they can even buy and sell houses online, and are dreaming of becoming the Amazon of what has come to be known as ‘‘iBuying.” But they’re finding out that buying and...
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Hits and Misses for the Real Estate Week of June 22-26- HUD and VA Announce $33 Million Funding to Support Over 2,500 Homeless Vete…
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