Dubai’s Jumeirah Islands Welcomes A New Resident: Telegram’s Billionaire Founder

Telegram founder Pavel Durov is renting a new pad in the emirate’s ritzy neighborhood.
Read MoreJohn’s Island, Florida, Estate Offers A Lifestyle For The Super-Rich

With asking prices that can reach upward of $20 million, the island’s gated estates offer a lifestyle that appeals to a highly elite and exclusive clientele, says Troy...
Read MoreWhere are mortgage rates headed?
Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly active inventory grew slowly again and purchase apps were down week to week again.Week
Read MoreWhat Do Accredited Investors Need To Know About Crowdfunding Today?

While some crowdfunding platforms are available to all investors, others require individuals to meet certain criteria to participate.
Read MoreCenturies-Old Coach House Offers City-Close Country Living Near London

Set on a walled half-acre site, the historic residence is just outside central London in the village of East Sheen.
Read MoreMillion-dollar homes nearing 10% of market as property prices rise

Nearly one in ten homes in the U.S. are worth at least $1 million dollars, close to all-time-high levels of June 2022, according to a new report from Redfin.Just over 8% of homes are worth $1 million or more, not far off the high of 8.6% in June. This upswing in home prices comes on the heels of a m
Read MoreTrade groups oppose rent control on GSE-backed multifamily properties

A coalition of high-profile housing providers, resident and lenders’ associations say rent control could increase rent, reduce the capital to boost housing supply and hurt renters.The letter was in response to a request for input issued by the Federal Housing Finance Agency (FHFA) in May regarding p
Read MoreCertain CFPB enforcement actions in limbo ahead of constitutionality ruling

Certain enforcement actions being sought by the Consumer Financial Protection Bureau (CFPB) are being stayed in courts pending the outcome of an upcoming United States Supreme Court case that will decide the Bureau’s constitutionality.In a predatory lending lawsuit the CFPB and New York Attorney Gen
Read MoreFinCEN crackdown on real estate money laundering expected this month

After years of discussion, the U.S. Treasury Department is expected to propose a rule that would effectively end anonymous luxury home purchases in the coming weeks, according to the Financial Crimes Enforcement Network’s (FinCEN) regulatory agenda.The rule, which department officials first said the
Read MoreBetter.com’s improbable IPO proposal is approved

New York-based digital lender Better.com will be going public via a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp. nearly two years after Better’s initial timeline to IPO. “At least 65% of the outstanding ordinary shares of the company entitled to vote at this meetin
Read MoreFreddie Mac’s updates to the ACE + PDR valuation option

Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac.While the industry as a whole has been adopting n
Read MoreREIT fight: Western Asset agrees to merge with AG Mortgage after spurning Terra

AG Mortgage Investment Trust, Inc. entered into a definitive agreement Tuesday to merge with Western Asset Mortgage Capital Corp., beating its competitor Terra Property Trust, Inc. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo, Gordon & Co. and owner of mortgage lender ARC
Read MoreThree Trends Impacting New York City Commercial Real Estate

Tenant behavior in the office market, regulation in multifamily and higher interest rates contributed to a 43% drop in NYC investment sales to $12.8B in 1H 2023.
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A winery for sale in Southern Oregon checks all the boxes: thriving vineyards, riverfront location, rolling meadows, mountain views and plenty of space to expand.
Read More Freddie Mac releases 2023 stress test results

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, Freddie Mac has released its 2023 Stress Test Disclosure, which reflects two hypothetical economic scenarios, including a “severely adverse” scenario. Under the latter, Freddie Mac would face a credit loss of $13.7 bil
Read MoreMortgage delinquency rate falls to lowest level since 1979

The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround.“Buoyed by a resilient job market, homeowners are continuing to make their mortga
Read More‘Monaco Of Mexico’ Luring Americans To Luxe Properties

Sunny beaches, eclectic dining, sizzling nightlife and more are among the drawing cards of Los Cabos, a destination boasting a growing number of luxury resorts.
Read MoreOpinion: The invasion of the flat-fee, low-cost real estate brokerage

Low-cost residential real estate brokerage is not necessarily a new phenomenon. About 50 years ago, a trailblazer named Dave Liniger created the concept of “real estate maximums,” birthing RE/MAX. RE/MAX was probably the most radical low-cost ‘disruptor’ this market has ever seen. About 10 years la
Read MoreMortgage rates rise again, but look poised to drop in the fall

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. Since the last FOMC meeting in July, all eyes have been fixed on Thursday’s Consumer Price Index release. Another rate hike in September would move the target fe
Read MoreloanDepot agrees to settle securities class action lawsuit for $3.5M

loanDepot has agreed to settle a securities class action lawsuit filed by shareholders that alleged the company, its executives and investment banks made false or misleading disclosures before and after the lender’s initial public offering in 2021. According to court filings, the parties agreed to s
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