Real Estate News
Inventory of For-Sale Homes Posts Big Drop
Some U.S. metros have seen inventories fall as much as 5o percent in the past year. Find out which areas have seen the largest drops.
New-Home Building Permits Soar to 2008 Levels
While a future gauge of home building shows signs of picking up, actual construction slowed again last month, the Commerce Department reported Tuesday.
Foreclosure Scams Rise Nearly 60%
Scammers are using federal programs to try to dupe struggling home owners, according to a nonprofit group.
Citi Starts Taking Principal Writedowns
Citigroup, the third-biggest U.S. bank, wrote down $370 million worth of mortgages and released about $350 million in loan reserves to account for principal forgiveness.
Couple Gets Spooked From House, Sues Landlord
A New Jersey couple is suing their landlord, claiming the house they are renting is haunted.
BGC Acquires Grubb & Ellis
BGC has acquired one of the nation’s largest commercial real estate brokerages and will integrate the company with another commercial sector giant.