NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

NJ Regulators Allege ‘Massive, Nationwide Fraud’ by Real Estate Fund

Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more

The red-hot US housing market ‘offers hope’ for buyers and sellers, according to this real-estate economist

Home prices are up 14% compared to this time last year, and mortgage rates have driven the average monthly payment 50% higher over the same period, so affordability remains a key concern for people looking to move. Nearly half (49%) of sellers said they plan to sell their home at $ 500,000 and below, with … Read more

Guggenheim’s Minerd believes fine art, real estate will outperform stocks, sees bitcoin bottoming at $ 8,000

Guggenheim Partners Global Chief Investment Officer Scott Minerd has joined Wall Street’s growing chorus of equity bears, as he noted last week during an interview with MarketWatch. And as stocks looked set to extend their latest rebound on Monday, Minerd added another wrinkle to his cautious outlook by telling CNBC during an interview from the … Read more

Zillow stock falls more than 8% after disappointing forecast in ‘uncertain’ real-estate environment

Zillow Group Inc. blew away revenue expectations for the first quarter Thursday, but reflected the uncertain future for the real-estate industry with a disappointing forecast, pushing shares down in after-hours trading. Zillow Z, -9.88% ZG, -9.42% reported a first-quarter profit of $ 16 million, or 6 cents a share, on revenue of $ 4.26 billion, … Read more