Latest Real estate services News

Real estate developer gets 1 month in college bribery case

Oct. 18, 2019 2:05 PM EDT

BOSTON (AP) — A California real estate developer was sentenced Friday to one month in prison for paying $75,000 to cheat on his daughter's college entrance exam. Robert Flaxman, 63, of Los Angeles, was sentenced in Boston's federal court after pleading guilty in May to a single count of fraud and...

Georgia mall featured in 'Stranger Things' to go up for sale

Oct. 10, 2019 12:04 PM EDT

DULUTH, Ga. (AP) — Most of the Georgia mall heavily featured in the latest season of Netflix's "Stranger Things" is going up for sale. News outlets report Moonbeam Capital Partners is ready to sell its portion of the long-struggling Gwinnett Place Mall, which has been so empty that a body went unnoticed...

Correction: FTC-HGTV Real Estate Classes story

Oct. 7, 2019 3:32 PM EDT

NEW YORK (AP) — In a story Oct. 4 about a real estate seminar business, The Associated Press mischaracterized a federal court order against Zurixx LLC. The court put temporary restrictions on the company; it did not halt operations. The court also ordered Zurixx's assets to be preserved, not frozen. A...

Business events scheduled for the coming month

Sep. 27, 2019 12:10 PM EDT

Business events and economic reports scheduled for the coming month: All times are Eastern. TUESDAY, Oct. 1 WASHINGTON — Institute for Supply Management releases its manufacturing index for September, 10 a.m.; Commerce Department releases construction spending for August, 10 a.m. DETROIT —...

Pending home sales rebound in a hopeful sign for housing

Sep. 26, 2019 11:15 AM EDT

WASHINGTON (AP) — More Americans signed contracts to buy homes in August, signaling that low mortgage rates may spark a sustained turnaround for the housing market. The National Association of Realtors said Thursday that its pending home sales index rose 1.6% to 107.3 in August. Pending home sales, which...

Mortgage rates boosted US home sales 1.3% in August

Sep. 19, 2019 11:05 AM EDT

WASHINGTON (AP) — U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a rush of home-buying. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annualized rate of 5.49 million units, the...

US pending home sales slid 2.5% in July in sign of slowdown

Aug. 29, 2019 11:11 AM EDT

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in July, signaling that the housing market has yet to enjoy a strong bounce from lower mortgage rates. The National Association of Realtors said Thursday that its pending home sales index fell 2.5% to 105.6 in July. The index has slipped 0.3%...

US home sales rose 2.5% in July, aided by low mortgage rates

Aug. 21, 2019 10:56 AM EDT

WASHINGTON (AP) — U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last month at a seasonally adjusted annualized rate of 5.42 million units, up from 5.29 million in June. Average...