Real Estate News & Insights
Arrests Made in New Jersey Money Laundering Scheme Involving Luxury Real Estate Deal
The investigation identified Jason S. McNeill and Ryan A. Telesford, who worked in coordination with additional individuals to defraud a Bergen County business. Continue Reading Arrests Made in New Jersey Money Laundering Scheme Involving Luxury Real Estate Deal
Mortgage Credit Availability Improved Slightly in May
“Mortgage rates reached nine-month highs over the month, which put pressure on homebuyers and reduced the demand for refinancing,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved Slightly in May
Trump on Powell: ‘No, I Have No Intention of Firing Him’
Trump’s comments follow a significant stock market sell-off on Monday that some financial experts linked to his attacks on Powell. Continue Reading Trump on Powell: ‘No, I Have No Intention of Firing Him’
California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels
Assemblymember Lisa Calderon is a former government affairs executive at Southern California Edison. Continue Reading California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels
Q1 Texas Home Sales Down Despite Boost in Active Listings
The median Texas home sales price for the quarter was $331,000, a mild 0.3% rise from one year earlier. Continue Reading Q1 Texas Home Sales Down Despite Boost in Active Listings
Pennsylvania Home Sales Up 21%
The median sales price for residential properties last month was $285,000, up 2% from $279,000 in the previous month. Continue Reading Pennsylvania Home Sales Up 21%
Mark Skender, Former CEO of Chicago’s Skender Construction, Dies at 61
Most recently, Skender served as president and co-founder of RaaP. Continue Reading Mark Skender, Former CEO of Chicago’s Skender Construction, Dies at 61
Lenders Offering Creative Financing Options
To address affordability issues due to higher rates, some lenders are advancing creative financing offers to their borrowers and the real estate agents who serve them. Continue Reading Lenders Offering Creative Financing Options
More Down Payment Assistance Programs Introduced During Q1
A total of 990 programs (39%) were offered through local housing finance agencies. Continue Reading More Down Payment Assistance Programs Introduced During Q1
HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
“With the last few years, everything going on, I really got super hyper-focused,” El Moussa said. Continue Reading HGTV’s Tarek El Moussa Says He Earns $675,000 a Month from House Flipping
Mortgage Forbearance Levels Down Slightly in March
The five states with the highest share of loans that were current as a percent of servicing portfolio are Washington, Idaho, Alaska, Oregon, and Colorado. Continue Reading Mortgage Forbearance Levels Down Slightly in March
Democrats Reintroduce Housing for All Act to Address Homelessness
“Housing is a basic human right, not a privilege,” said Sen. Alex Padilla. Continue Reading Democrats Reintroduce Housing for All Act to Address Homelessness
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