Real estate investors ran $230M Ponzi ploy to recoup shareholders
Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results
by Marian McPherson Oct 18
US home sale profits rise to new post-recession high
The typical home sale profit of $75,971 in the second quarter of 2020 reflected a 36.3% return on investment, a new high in raw profits since the housing market started its recovery from the Great Recession in 2012
by Lillian Dickerson Jul 22
Market snapshot: Washington, 6 weeks into COVID-19
Washington was the first U.S. state that saw a confirmed case of the coronavirus. A month and a half later the real estate industry soldiers on amid the chaos
by Jim Dalrymple II Apr 8