Real Estate News & Insights
Iowa Realtors Receives NAR Grant to Assist Households Impacted by June’s Storms and Flooding
All grants are contingent upon the availability of funds, with an application deadline of Oct. 6. Continue Reading Iowa Realtors Receives NAR Grant to Assist Households Impacted by June’s Storms and Flooding
Growing Number of Local New York Governments Plan to Override State’s Property Tax Cap
“Many local governments are under fiscal pressure, with rising costs and slower growth in recurring revenues,” Comptroller DiNapoli said. “ Continue Reading Growing Number of Local New York Governments Plan to Override State’s Property Tax Cap
Residential Property Vacancy Rate Holds Steady at 1.3%
Out of the country’s 104.6 million residential properties, 259,666 were in the foreclosure process during the third quarter. Continue Reading Residential Property Vacancy Rate Holds Steady at 1.3%
Alabama Home Sales Surge by 20% Year-Over-Year
The July median home price of $287,750 was up by $47,166 (or 19.6%) from one year before. Continue Reading Alabama Home Sales Surge by 20% Year-Over-Year
More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
More homes are hitting the market while fewer buyers are signing contracts, creating greater negotiating power for buyers who can still afford to purchase. Continue Reading More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
Sun Communities Names Robert Garechana as EVP and CFO
Garechana succeeds Fernando Castro-Caratini, who will transition to an advisory role with the company. Continue Reading Sun Communities Names Robert Garechana as EVP and CFO
Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Real REMAX is ending sales of new Motto Mortgage franchises just days after completing its combination, signaling an early change in the new company’s mortgage strategy. Continue Reading Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
Fed Chairman Kevin Warsh acknowledged housing-market strain at Jackson Hole but made clear that persistent inflation — not housing weakness — is driving the Fed’s policy focus. Continue Reading Warsh Says Housing Is Strained, but Inflation Still Comes First at the Fed
AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
AI and automated valuation tools are taking a larger role in mortgage lending. The technology can improve speed and efficiency, but borrowers need a practical way to address a valuation when the underlying property information or result is wrong. Continue Reading AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
Miami Real Estate Developer Sentenced on Money Laundering and Tax Fraud Charges
As part of his plea, Rishi Kapoor agreed to give up a platinum ring with a $28,405 down payment that prosecutors say was made with stolen investor money. Continue Reading Miami Real Estate Developer Sentenced on Money Laundering and Tax Fraud Charges
Iowa Home Sales Down 16% in July
Median sales price came to $280,000 in July, a vibrant 10.7% increase over the $253,000 median sales price from the prior year. Continue Reading Iowa Home Sales Down 16% in July
268-Unit San Jose Apartment Complex Sells for $122 Million
The property offers a mix of studio, one- and two-bedroom apartments spanning 18 different floor plans. Continue Reading 268-Unit San Jose Apartment Complex Sells for $122 Million
