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Homebuyers sue REX after losing $140K in wire fraud scam

USA Real Estate News-Inman - Tue, 2022-08-02 10:20
The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage's title company and sent the buyers fraudulent wiring instructions.

Home prices have surged nearly 20% since last summer, new data reveals

USA Real Estate News-Inman - Tue, 2022-08-02 09:25
The increase, while unusually high by normal standards, marked the second month of deceleration as the market shifts away from the cheap mortgage environment brought about by COVID.

FTC fines Opendoor $62M for allegedly ‘tricking’ consumers

USA Real Estate News-Inman - Tue, 2022-08-02 07:40
Regulators with the Federal Trade Commission on Monday accused the iBuyer of "cheating" and "tricking" consumers. Opendoor disagrees with the allegations but has agreed to settle the case.
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