Real Estate News & Insights
REIT Executive Indicted for Misrepresenting Income on Mortgage Application
If convicted, Brandon “Dutch” Mendenhall faces a maximum penalty of 20 years in federal prison. Continue Reading REIT Executive Indicted for Misrepresenting Income on Mortgage Application
Report: Typical Homebuyer’s Down Payment at $64,000
Down payment percentages were highest in San Jose, San Francisco and Anaheim, where the typical homebuyer in each market put down 25% of the purchase price. Continue Reading Report: Typical Homebuyer’s Down Payment at $64,000
Virtual Event to Showcase Ireland’s Real Estate Market
The event will take place on March 27 from 10:00 a.m. to 11:00 a.m. via Zoom Continue Reading Virtual Event to Showcase Ireland’s Real Estate Market
David Mandel Steps Down as CEO at First Source Mortgage Corporation
Mandel will remain as an active member of the board of directors. Continue Reading David Mandel Steps Down as CEO at First Source Mortgage Corporation
Freddie Mac CEO Diana Reid Has Been Fired
The Freddie Mac website currently lists President Mike Hutchins as interim CEO. Continue Reading Freddie Mac CEO Diana Reid Has Been Fired
Canada to Drop Goods and Services Tax for First-Time Home Purchases Under $1 Million
Prime Minister Carney said the tax cut will save Canadians up to $50,000. Continue Reading Canada to Drop Goods and Services Tax for First-Time Home Purchases Under $1 Million
NY Governor Announces RFP for Redeveloping Brooklyn Site
Hochul envisions the site becoming a mixed-use, 100% affordable housing development. Continue Reading NY Governor Announces RFP for Redeveloping Brooklyn Site
SDS Capital Group Launches $1 Billion Fund Aimed at Affordable Housing Creation
SDSID is expected to finance more than $1 billion of new housing units over the next 18 months. Continue Reading SDS Capital Group Launches $1 Billion Fund Aimed at Affordable Housing Creation
Multiply Mortgage Raises $23.5 Million in Series A Funding
Multiple Mortgage’s services are available in 45 states and the District of Columbia. Continue Reading Multiply Mortgage Raises $23.5 Million in Series A Funding
FHLBank Atlanta to Provide $50 Million for Affordable Housing Grants
Applications for the grants begins on April 21 and will be accepted through May 22. Continue Reading FHLBank Atlanta to Provide $50 Million for Affordable Housing Grants
New York State’s Housing Inventory at Record-Setting Low
Home prices soared by 15.4% year-over-year, from a median of $378,000 in February 2024 to $436,125 last month. Continue Reading New York State’s Housing Inventory at Record-Setting Low
Florida Home Sales Down Despite Rising Inventory Levels
The statewide median sales price for single-family existing homes last month was $415,000. Continue Reading Florida Home Sales Down Despite Rising Inventory Levels
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