US real Estate Market

Ellington Financial LLC is Set to Release its Financial Report for Third Quarter of 2015

Ellington Financial LLC will release its financial results for the quarter that ended in September 30, 2015.

Real Estate Developer St. Joe Co. Charged for Improper Accounting of Residential Value

Former top executives and two former accounting department directors of Florida- based real estate developer and landowner St. Joe Company was charged by Securities and Exchange Commission for "improperly accounting for the declining value of of its residential real estate developments during the financial crisis."

Baltimore Housing Authorities Face Lawsuit Over Alleged Sex- For- Repair Controversy

Baltimore housing authority are now facing controversy over repairmen who allegedly demanded sexual favors in exchange of doing basic and necessary home repair for public housing residents.

Blackstone Real Estate Group Set to Acquire Manhattan's Biggest Apartment Complex

The Blackstone Group has signed a contract to purchase Manhattan's largest apartment complex, the Stuyvesant Town-Peter Cooper Village, for $5.3 billion.

'Darden' Board Approves the Company's Real Estate Spin- Off

The board of Darden Restaurants Inc. has approved the upcoming real estate spin off in some of its properties that will let the company's new shares to be distributed in November 9.

San Francisco Mayor Develops New Affordable Housing Plan for 500 Educators

San Francisco Mayor Ed Lee pushes a new affordable housing program to provide housing units for 500 educators by the year 2020.

'Altisource' Set to Acquire Two New Real Estate Services Software

Altisource Portfolio Solutions or Altisource is set to acquire RentRange and Investability, adding a massive network for the company's data capabilities and offerings in the real estate services market.

Real Estate Broker and Advisor Julien Studley Dies at 88

Julien Studley, 88, well- known real estate broker and advisor, passed away in his home last Oct. 13, leaving his wife for 28 years, Jane Studley.

New York City Mayor de Blasio Held His First Town Hall Meeting Addressing Real Estate Crisis

New York City mayor Bill de Blasio held his first ever full- pledge town meeting in 20 months to address the city's curre real estate crisis.

'Ellie Mae' Set to Acquire Brentwood- Based Real Estate Management Software

Ellie Mae, a mortgage software firm is set to acquire a Brentwood-based database management and marketing software firm for loan originators, the Mortgage Returns.

Implementation of New TRID Caused Mortgage Applications to Plummet with 28%

Mortgage application market has experienced a surge before a new TRID take into effect which made the applications jumped with 25 percent. However, mortgage applications dove down with 28 percent last week after the new TRID has taken effect.

Germany's Biggest Residential Real Estate Company Offers to Acquire Its Competitor

Vonovia, Germany's biggest residential real estate company, has expressed its desire of acquiring its rival, Deutsche Wohnen, for almost $16 billion which includes the company's cash, shares and even debts.

U.S. Secondary and Tertiary Cities Are Now the Hot Spot for Real Estate Investment

More and more real estate investors are starting to turn away from "Gateway" cities such as New York, Washington, D.C. and Chicago. They are now picking up interest in secondary and tertiary cities like Austin, Charlotte and Nashville.

Analysts Say 'Don't Trust the Housing Market Recovery'

The U.S. housing market has been experiencing great business for the past few months as the country is being able to recover during the post- financial- crisis- era. However, analysts say that people should never put their full trust on the on- going recovery.

‘Zombie Foreclosures’ on the Rise Locally, Vanishes Nationally

They are foreclosed properties that are not yet repossessed by banks and put up for sale. Just like an apocalypse, zombie foreclosures are seen to rise at a local level.

New Mortgage Policies Caused Uncertainty in Mortgage Industry's Future

Mortgage Bankers Association is set to hold their annual convention for this year and many topics are in line to be discussed. As the new mortgage policy has already taken into effect, what will be the significant changes in the mortgage industry the policies will bring?

Mortgage Rate Hits Lowest Record in Six Months with Less Than 4%

Strong U.S. dollar and robust employment has once again made the mortgage rates hikes to be postponed which makes an average 30- year mortgage rate to reach lower than 4 percent.

Top Real Estate Trends to Watch Out For in 2016

A report about the real estate trends for 2016 has been released by Pricewaterhouse Coopers and the Urban Land Institute on Wednesday.

Northstar Commercial and Alto Real Estate Purchased a Massive $224 Million Real Estate Portfolio

Denver-based Northstar Commercial Partners and New York-based Alto Real Estate Funds have together purchased a $224 million worth of real estate property spanning across 12 states with 24 properties.

Canada's Home Construction Start has Reached its Fastest Pace in September

Condominium constructions in Canada has pushed the market to run its fastest pace since 2012 in September.

Real Estate Crime Group Nabbed Over Fraud Investments Worth $400,000

A real estate crime group has been finally nabbed after months of terrorizing potential property buyers. The group was able to defraud victims with more than $400,000.
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