Tag Archives: all-cash sales

Judge blocks new real estate anti-money laundering rule

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A Texas district judge has ruled in favor of a title company owner who said the new rule violated her Fourth Amendment rights. Continue reading →

New anti-money laundering rule for cash purchases is now in effect

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Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading →

Existing-home sales gain momentum in September amid falling mortgage rates

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The gain in existing-home sales once again reflects just how much consumers respond to lower mortgage rates, NAR Chief Economist Lawrence Yun said during a press call on Thursday morning. Continue reading →

Sean Hannity parts ways with Long Island home for $12.7M cash

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The conservative talk show host put the property on the market in May, and it went under contract within one week after receiving four offers. A fan reportedly purchased the home, as well as its furniture and books from the library. Continue reading →

Existing-home sales drop for second month as buyer demand stalls

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Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading →

Real estate investors bought record-breaking number of homes in Q3

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Investors purchased a record 18.2 percent of U.S. homes, amounting to a new high of $63.6 billion in homes during the third quarter of 2021, according to a new Redfin analysis released Monday. Continue reading →

Existing-home sales rise for second consecutive month in July

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Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading →

Investor home purchases exceed pre-pandemic levels, hit record high

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Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading →