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Real estate fraud risk is on the rise, and victims are sounding the alarm
DeBianchi Real Estate President and realtor Sam DeBianchi gives advice to millennials who are struggling to buy homes on Making Money. Purchasing a home is an exciting milestone in a person’s life, but criminals are increasingly exploiting such transactions through real estate fraud, robbing victims who are often left with little or no recourse. CertifID’s 2024 State of Wire Fraud report released Tuesday found that 1 in 20 Americans who bought or sold a home within the past three years have been victims of some type of real estate fraud, with the median amount in consumer losses exceeding $70,000 as a result of stolen buyer’s down payments and seller’s net…
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Rise Gardens Announces Launch of the New Rise Garden at CES 2023
Regarded as a CES® 2023 Innovation Award Honoree for Food + Ag Tech, newest top rated-of-the-line design from common indoor back garden maker combines stylish design and style with point out-of-the-artwork hydroponic technology LAS VEGAS, Jan. 4, 2023 /PRNewswire/ — Rise Gardens, maker of award-winning, property hydroponic backyard devices, currently introduced the launch at CES 2023 of a new top rated-of-the-line, totally modular backyard that enables the biggest range and widest assortment of plants that can be developed in any process – up to 108 different plants at 1 time. Recognized as a CES® 2023 Innovation Awards Honoree* in the Food items & Ag Tech group, the New Rise Backyard garden…
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Lowes Stock Is On The Rise After Earnings, Despite Housing Market Dip
| Jeffrey Greenberg/Universal Images Group via Getty Images Key Takeaways As the housing market slows, more homeowners are choosing to improve their current homes. Online sales and purchases of $500 or more continue to increase for Lowe’s. The company is working to improve efficiency and market penetration to help grow its business. Lowe’s has been Home Depot’s little, perhaps understated, brother in the home improvement marketplace for some time. While management has tried to replace its rival as the top retailer in the space, it has consistently come up short. This holiday season, there is renewed hope that Lowe’s can overcome its standing as the second-largest home improvement retailer. Here…
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Real Estate Vultures Circle Distressed Assets As Rates Rise
Patrick Carroll (Illustration by The Authentic Deal with Carroll and Getty) Past 7 days, apartment developer Patrick Carroll introduced a venture to provide rescue money to apartment house owners across the Solar Belt. The system programs to make investments $250 million in equity to troubled borrowers. Carroll is not alone. As climbing interest fees and a history sum of financial debt place far more authentic estate entrepreneurs at risk, a rising variety of gamers are preparing to feast on distressed assets. Business lending huge Greystone mentioned Monday that it experienced shaped a undertaking with Inlet Authentic Estate Funds to give small-expression distress financing to struggling owners. And Barry Sternlicht, whose…
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Liz Weston: Should you tap your home equity as real estate values rise?
Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, according to Black Knight Inc., a mortgage and real estate data analysis company. Spending that wealth can be tempting. Proceeds from home equity loans or lines of credit can fund home improvements, college tuition, debt consolidation, new cars, vacations — whatever the borrower wants. More from Liz Weston But just because something can be done, of course, doesn’t mean it…
