News

Homelessness Steadily Declining in North Dakota

North Dakota currently leads the nation in the decline of homelessness with a 40 percent drop over the last year, according to the federal government census. Nationally, the number of homeless individuals is also declining, though at a much smaller

Baby Boomers Likely to Stay Put or Upsize, Not Downsize

A new survey compiled by The Demand Institute found that Baby Boomers are very happy to continue living right where they are, thank you very much. And if they do move, they’d prefer to upsize rather than downsize. A previous

American Realty’s Accounting Under Review, Report

According to Bloomberg News, the U.S. Securities and Exchange Commission is set to review the accounting documents of American Realty Capital Properties, Inc. A “person with knowledge of the matter” revealed the news to Bloomberg on Wednesday. The source explained that the review

U.S. Consumer Financial Protection Bureau Nabs Loan Companies for Fraud

Multiple loan companies were found to have engaged in illegal acts surrounding student loans and mortgages, the U.S. Consumer Financial Protection Bureau announced on Tuesday. According to MSNBC, “The CFPB found that some student loan servicers inflated minimum payments due, made illegal debt

Home Sales Stalled in September

Despite lower mortgage rates during the month of September, home sales fell flat. According to the National Association of Realtors, home sales increased by a measly .3 percent from August. “Housing supply for existing homes was up in September 6

Detroit Bidder Purchases 6,000 Foreclosed Properties

A mystery bidder in Detroit has purchased 6,000 foreclosed properties in the area for $3.2 million – just about equal to the minimum allowable bid of $500 per property. According to Bloomberg Businessweek, the properties include approximately 3,000 structures that

A Palace Fit for a Pop Princess

Lady Gaga is the proud new owner of a $24 million Malibu, California, estate, according to the Daily Mail. The listing for the property reveals that a 10,000-square-foot home with five bedrooms and 12 bathrooms sits on six acres of

FHA Close to Rebuilding Insurance Fund Cushion

The FHA is close to meeting the federally mandated minimum balance that it is required to maintain in its insurance fund. The balance dipped so low last year that the FHA had to borrow $1.7 billion in taxpayer money to

NYC Facing Tax on Part-Time Residents

New York City mayor Bill de Blasio is considering a proposal to slap an extra tax on homeowners who spend less than half the year inhabiting their city dwellings. “It targets very wealthy non-New Yorkers who enjoy our services, don’t

Mark Zuckerberg Buys $100M Worth of Hawaiian Land

Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, purchased 700 acres worth of land along Kauai’s North Shore that includes Pila’a Beach and the Kahu’aina Plantation. According to the Daily Mail, the couple plans to build a private getaway

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