News

Mortgage Rates Remain Steady and Low

Rising mortgage rates are slumping after a pike in December, which was the strongest since the 2008 financial crisis hit. Mortgage buyers credit the fall to more mortgage choices for first-time buyers and a boost in lender confidence.

Norway’s Oil Fund Investing in First U.S. real estate

The Norwegian oil fund, the world's largest sovereign-wealth fund, bought $600 million real estate in New York, Washington and Boston, with 49.9 percent of the properties on a joint venture with TIAA-CREF, the retirement account for non-profit institutions, reported Bloomberg.

Real Estate Entrepreneur Sentenced to 3 Years for Swindling Investors

A Louisville real estate entrepreneur was on Friday to 37 months in federal prison for his involvement in mail fraud connected to real estate schemes that resulted in the loss of more than $1 million to investors, according to reports.