By Mike Colpitts Eight San Francisco Bay Area real estate investors have agreed to plead guilty for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, according to the Department of Justice. The real estate investors took part in conspiracies to rig bids by agreeing to refrain… Continue reading Real Estate Investors Plead Guilty to Auction Bid Rigging
Category: North Carolina
North Carolina housing market
America’s Watchdog to Rescue Disaster Victims
By Mike Colpitts An organization that gained national fame for helping homeowners and businesses in natural disasters, including Hurricane Katrina is offering free aid to homeowners and businesses that suffered property damage or were destroyed in the series of tornadoes that tore through the south-eastern corridor of the U.S. America’s Watchdog is coming to the… Continue reading America’s Watchdog to Rescue Disaster Victims
Chinese Drywall Second Housing Crisis
By Kevin Chiu A second housing crisis is slowly working its way through 20 states as more victims fall ill from poisonous fumes emitting from their very residences. From the Gulf Coast of Louisiana, where workers are replacing toxic Chinese drywall in new homes built for victims of Hurricane Katrina across the country it’s being… Continue reading Chinese Drywall Second Housing Crisis
Americans Move at Lowest Rate since World War II
By Mike Colpitts Saddled with a weak economy and sluggish housing market Americans moved across state lines at the lowest rate since World War II in 2010, according to the Brookings Institution. Only 1.4% moved to a new state during the year. Demographer William Frey said “tepid gains in employment and the rise in home… Continue reading Americans Move at Lowest Rate since World War II
2011 North Carolina Housing Market
Hoping the tough economy will soon be behind them, homeowners in North Carolina are looking for help and some especially hard hit unemployed and under-employed types will receive it from the federal government. The real estate boom treated the state wonderfully as it prospered and pushed a record number of new residents to move to… Continue reading 2011 North Carolina Housing Market
2010 North Carolina Housing Market
Propelled by the federal tax credit, near record low mortgage rates and lower home prices the path to recovery in North Carolina housing markets may be close to materializing. During the real estate boom North Carolina benefitted from tens of thousands of new residents moving to the state to retire, and now the “Half-backs” as… Continue reading 2010 North Carolina Housing Market