A California real estate developer has been sentenced to six years in federal prison after admitting to bribing a Los Angeles County official with cash, concert tickets, and other benefits in exchange for help securing approval for a major residential project. The developer, David Lee, pleaded guilty to participating in a pay-to-play scheme involving former…
Arizona’s real estate market evolves rapidly with new housing policies, zoning changes, tax proposals, and sustainability incentives shaping investor strategies.
Arizona’s real estate grows through major developments, infrastructure upgrades, and sustainable planning, attracting investors statewide.
Mortgage interest rates have remained relatively stable heading into the weekend, with the average 30-year fixed mortgage rate hovering around 6.95%. While these rates are significantly lower than the highs seen in late 2023, they still pose affordability challenges for many prospective homebuyers. Economic indicators and signals from the Federal Reserve suggest that rates could…
Meritage Homes (NYSE:MTH) recently reported its second-quarter earnings, reflecting steady demand for new homes despite ongoing affordability challenges in the housing market. The company managed to post better-than-expected revenues and earnings, with management noting that incentives and price adjustments have kept buyer interest strong. Meritage’s performance stands out among other home builders, with many in…
A former professional poker player, Cory Zeidman, has been sentenced to more than eight years in prison for running a fraudulent sports betting scheme that scammed victims out of more than $25 million. Zeidman and his associates operated a national marketing campaign between 2004 and 2020, luring people into paying for supposedly “inside information” on…
Easing inflation and steady jobs boost Arizona real estate outlook, with rising buyer confidence amid tight inventory and varied market risks.
U.S. stocks were mixed as investors reacted to key corporate earnings reports and new inflation data. The Dow Jones Industrial Average edged higher, while the S&P 500 and Nasdaq Composite showed smaller gains. Notably, Nvidia reported robust earnings, helping to buoy the tech sector during a week of economic uncertainty. Meanwhile, shares of Palantir also…
Canadian homebuyers are pulling back from the U.S. Sunbelt markets, causing concern among realtors in popular destinations like Arizona and Florida. High home prices, the unfavorable exchange rate, and new U.S. tax regulations have contributed to the slowdown. According to the National Association of Realtors, Canadian purchases of U.S. real estate have dropped dramatically, falling…
A California man has been indicted by a federal grand jury for allegedly running a real estate scam that targeted property owners in Southern Arizona. The U.S. Attorney’s Office says the man posed as a property owner or agent and listed homes online without permission, collecting deposit payments from interested buyers or renters before disappearing…