Crackdown on Hedge Fund Homebuyers Won’t Lower Housing Prices, Economist Argues

Investments / By

Published by REALTOR.com | May 9, 2024 Proposed congressional legislation to ban Wall Street hedge funds from snapping up single-family homes would likely have little impact on home prices, one economist has argued. “With their small national market share, claims that large institutions inflate house prices seem exaggerated,” wrote Capital Economics Property Economist Thomas Ryan in a …

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Real Estate Scams Are On The Rise. Here’s What You Need To Know

Fraud / By

Published by Forbes.com | April 30, 2024 Several types of real estate scams are on the rise and even the savviest homeowners should be on alert. Scams are on the rise, and this includes real estate scams. According to the FBI’s Internet Crime Complaint Center (IC3), business email compromise (BEC) schemes frequently target the real estate sector. …

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Mortgage Fraudster Who Served 13 Years in $55M Scheme Now Helps Fight Scammers

Behind The News, Fraud, Mortgages / By

Published by REALTOR.com | May 4, 2024 Since his guilty plea, Cox says he’s reformed and has turned his unusual talents to fighting fraud. In the late ’90s, Matthew Cox was 29 and starting a new job as a mortgage broker in Tampa, FL, when he committed his first act of mortgage fraud by erasing a borrower’s late payment …

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IRS Plans To More Than Double Its Audit Rate of Wealthy Taxpayers

Economy, Politics, Taxes / By

Published by FOX Business | May 3, 2023 IRS also plans to nearly triple audit rates on large corporations with assets over $250M The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats. The tax-collecting agency aims to …

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Wall Street Has Spent Billions Buying Homes. A Crackdown is Looming.

Investments, Residential / By

Published by FOX Business | April 29, 2024 Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again. Democrats in the U.S. Senate and House have sponsored legislation …

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Surge in Home Insurance Costs Adding More Inflation Pressure on Americans

Economy, Insurance / By

Published by FOX Business | April 24, 2024 Rising home insurance rates are crushing U.S. families The astronomic rise in mortgage rates and spike in home prices over the past year have pushed a key tenet of the American dream out of reach for millions of families. Now, there is another obstacle to homeownership: higher …

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Ransomware: Protecting Your Business From Increasing Cyberthreats

Fraud / By

Published by National Association of Realtors | April 18, 2024 To say that ransomware is a growing cyber threat is an understatement. Ransomware—cyberattacks in which cybercriminals use malicious software to seize control of computers and network systems, encrypt data, and then demand payment to release control of the data and computer systems—is driven by low …

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Commercial Real Estate Foreclosures Jumped 117% in March

Commercial Property, Foreclosure / By

Published by FOX Business | April 18, 2024 The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. There were 625 commercial real estate foreclosures in March, up 6% from February and 117% from the same time last year, according to a new report published by …

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Mortgage Rates Just Topped 7%, Triggering a ‘Sense of Helplessness’ for Many Would-Be Homebuyers

Interest Rates, Mortgages, Residential / By

Published by REALTOR.com | April 18, 2024 These higher rates are frustrating homebuyers and sellers, thwarting many of their plans. Mortgage rates are back up above 7%. Even worse, rates could rise further after U.S. Federal Reserve Chair Jerome Powell said policymakers were in no rush to cut rates while inflation remains stronger than anticipated. …

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SCOTUS Rules in Favor of Owners in Property Fee Dispute

Legal, Residential / By

Published by Realtor Magazine | April 15, 2024 NAR, along with other housing groups who chimed in on the case, call the unanimous Supreme Court ruling a major win for property rights. The U.S. Supreme Court ruled unanimously on Friday that the government cannot demand hefty development fees from property owners in exchange for building …

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