Alabama closing attorney gets 3 years for stealing money from HUD sales
A former practicing attorney in Alabama will spend more than the next three years in jail after pleading guilty to stealing more than a $1 million from the Department of Housing and Urban Development on the sales of HUD-owned homes....
Americans are unprepared for home repair costs
As affordability concerns continue to haunt homeowners across the country, many are choosing to remain in their homes, prompting a surge in the home renovation market. However, NerdWallet’s latest Home Improvement Report discovered that more than 30% of...
Alexandria Ocasio-Cortez struggles to afford rent, like most Millennials
Nationwide, renters are struggling to navigate affordability, especially Millennials who on average spend more than 45% of their income on rent before the age of 30. So, it shouldn’t be surprising when a Millennial voices concern about rental affordabil...
Fannie Mae plans $145 million investment in LIHTC funds
After re-entering the Low Income Housing Tax Credit market just over a year ago, Fannie Mae is continuing its focus on affordable rental housing in underserved markets by committing $145 million in new investments in LIHTC funds. Here's a breakdown on whe...
New York developer admits to bilking investors in long-running luxury real estate Ponzi scheme
A New York real estate developer admitted in court last week that he ran a luxury real estate Ponzi scheme that defrauded investors out of $58 million over several years. According to court documents, Michael D’Alessio took much of the money for his own...
CoStar buying Cozy to turbocharge Apartments.com
Apartments.com is already one of the top consumer websites for multifamily real estate, but the website’s parent company is not comfortable resting on its laurels. CoStar Group, which owns Apartments.com along with several other prominent online rental ...
More Americans are using real estate agents than ever before
More Americans are using real estate agents to buy and sell their home than ever before, even among the younger generations. Actually, a new study shows that it’s the older generations that are cutting real estate agents out of the picture....
Redfin: These inland real estate markets are heating up
Affordable inland real estate markets are heating up as prospective buyers turn away from expensive coastal markets. Redfin lists which cities are outperforming the rest. Take a look here....
Real estate crowdfunding startup RealtyShares hits hard times, halts new investments
Everything was going swimmingly for RealtyShares just over a year ago. The real estate crowdfunding startup had just purchased one of its biggest rivals, Acquire Real Estate, and had plans to grow its investment in commercial and multifamily real estate. ...
Appraisal experts: Here’s how you can best prepare your borrower
Borrowers often have considerable expectations when it comes to their home’s estimated value, and navigating these can be tough for both the loan officer and the appraiser. Experts from two appraisal management companies recently discussed how to best p...