Eviction filings skyrocket 25% above pre-pandemic norms

Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, “The Wall Street Journal” revealed on Monday. Continue reading

Tal Alexander denies sexual assault claims in new court filing

In a July 11 court filing, famed luxury broker Tal Alexander denied claims against him in a lawsuit asserting that he and his brothers, Oren and Alon, raped an NYC woman in 2012. The plaintiff is requesting a jury trial. Continue reading

Richard Simonelli returns to CoStar as company strengthens C-suite

CoStar Group revealed its latest executive hires of the summer, with Simonelli returning after six years as Compass’ industry relations SVP. Cyndi Eakin was promoted to chief accounting officer. Continue reading

Median sales prices rise for 9th week despite slowing demand

The median U.S. home sale price rose for the ninth consecutive week, hitting an all-time high of $397,482 during the four weeks ending July 7. A Redfin report published on Thursday said the upward climb in median sales prices contrasts with weakening h… Continue reading

Star Florida Realtor, author Martha Melendez joins eXp Realty

Leaving Engel & Völkers, Melendez joins forces with Veronica Figueroa’s leading eXp expansion team, The Fig Team, where she’ll lead the team’s move into Florida’s Space and Treasure Coasts. Continue reading

Multifamily building permits have dropped 30% since 2021: Redfin

Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday. Between 2021 and 2023, builders filed an average of 18 permits to build multifamily housin… Continue reading

CoStar censured for claims made about traffic in Homes.com ads

The Better Business Bureau National Programs’ National Advertising Division has recommended that CoStar Group’s residential portal Homes.com ceases using claims that it has double the traffic of Realtor.com in its ads. CoStar Group has complied with th… Continue reading

Fraud allegations against rental owners reach new high

Regulators and prosecutors are cracking down on landlords who’ve been falsifying income and expense data on crucial loan documents, according to a new feature published by “The Wall Street Journal.” Continue reading

Vatican official accused of perjury in $378M real estate lawsuit

After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds. Continue reading

Vatican official accused of perjury in $378M real estate lawsuit

After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds. Continue reading