LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream.
RALEIGH, N.C. (AP) — A North Carolina real estate developer has pleaded guilty to his role in a scheme that defrauded investors of more than $1.5 million. federal prosecutors said.
The U.S. Attorney's Office for the Eastern District of North Carolina says in a news release that Joshua Matthew Houchins, 36, was sentenced to 10 years in federal prison on Monday for wire fraud and possession of firearm by a felon.
LOS ANGELES (AP) — Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year.
BEIJING (AP) — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt and say they can cope with a potential default.
LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers.
Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in the second quarter, according to Redfin, a Seattle-based online brokerage.
HONOLULU (AP) — A resort in the famed tourist mecca of Waikiki will be the first in Hawaii to require proof of COVID-19 vaccination for all employees and guests.
Starting Oct. 15, ’Alohilani Resort will require its employees, patrons and guests to show proof they're fully vaccinated.
Fintech platforms offer funds for individual investors to access unicorns in private equity, real estate markets
Several start-ups in Asia are using fintech to help individual investors get a piece of the action in the US$97.7 billion market for alternative assets, access that typically requires an outlay equivalent to the value of a sea-view luxury villa in Hong Kong.
WASHINGTON (AP) — A program that has allowed wealthy foreign investors to obtain U.S. residency, and has long been the subject of complaints that it amounts to the wholesale selling of American citizenship, may be coming to a sputtering end.
PORTLAND, Maine (AP) — Home sales in Maine have continued to surge in spring.
Maine home sales increased by more than a third in April compared to a year ago, the Portland Press Herald reported.
WASHINGTON (AP) — Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s recovery from the pandemic recession.
Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year rate fell to 2.95% from 3% last week.
WASHINGTON (AP) — America's housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price.
LOS ANGELES (AP) — The red-hot U.S. housing market is paying off for many homeowners, even those who aren’t looking to sell their home.
On average, homes with a mortgage gained $26,300 in equity in the last three months of 2020 versus a year earlier, according to real estate information company CoreLogic.
NEW YORK (AP) — A California lawyer was arrested Tuesday on fraud charges alleging he bilked investors out of at least $4.5 million by lying about a real estate opportunity and making it seem he controlled land he did not.