Real estate

The Tri-COG Land Bank, a multicommunity effort to get abandoned and blighted properties back on the tax rolls, has sold its first property.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

The proprietors of the Lorraine Hotel in downtown Toledo have received multi-year prison sentences from a federal judge for orchestrating a $3.9 million fraudulent real-estate investment scheme, while a third person received probation.

Some of Miami Beach's priciest real estate is now a relative bargain, even in the billionaire enclave of Fisher Island.

Tenants at so-called Class C buildings paid 54% of total rents due in June by the middle of the month, according to a study by LeaseLock.

Oahu's housing market remained depressed in July, though new sales data shows the severity of the decline is easing.

Squeezed up by a combination of low supply and high demand, home prices broke records in nearly every major Washington county last month, even as the pandemic's onslaught continued to wreak havoc with other parts of the economy.

A Dallas developer has admitted to paying bribes to a former city councilwoman in exchange for her lobbying efforts and votes to provide $650,000 in taxpayer money for his Fair Park apartment project.

Even though revenues beat analysts' estimates, Zillow lost $84 million in the second quarter, with its mortgage business losing $240,000.

In the face of the COVID-19 pandemic, Southern Nevada home prices continued to inch higher in July, according to a new report.

The combined impact of coronavirus forbearance periods ending while low rates persist means large workloads for title insurers, appraisers and others.

Some real estate agents in the Daytona Beach, Fla., area have been reporting an increase in bidding wars for homes because of the low inventory.

Mortgage rates fell 2 basis points this week, remaining near their historic lows as they have for the past month with the markets roiled by uncertainty, according to Freddie Mac.

Even amid a global pandemic — and by all accounts spurred by it — Palm Beach, Fla., single-family property sales surged during the second quarter, according to a new round of real estate reports.

Born from the burgeoning real estate market that preceded the Great Recession, flipping homes has become a national fascination over the past two decades.

Google has allocated $115 million out of a $250 million investment fund for affordable housing projects in the Bay Area.

The new normal created by the events so far in 2020 could make this the best year ever for lenders.

The median price for detached homes in Marin County, Calif., rose 5.3% in June over the prior year, marking the first solid gain since the coronavirus arrested the market.

The Detroit lender disclosed that the consumer bureau had sent a civil investigative demand to Rocket Homes Real Estate for potential violations of the Real Estate Settlement Procedures Act.

The Rhode Island Association of Realtors said that the number of single-family houses sold in June was down 14.6% from the same month a year ago.