Judge dismisses Maryland appraisal discrimination case and defamation countersuit

A federal judge has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit that garnered national attention when it was filed in 2022. Nathan Connolly and Shani Mott — Maryland homeowners who are Black — sued appraiser Shane Lanham, his company 20/20 Valuations and mortgage lender loanDepot for allegedly undervaluing their home by almost...

Phillip Cantrell’s book offers blueprint for real estate entrepreneurship

Veteran entrepreneur Phillip Cantrell distills four decades of hard-won business wisdom into his newly released book, “Failing My Way to Success: Lessons from 42 Years of Winning (and Losing) in Business,” which officially launched July 15. The founder and CEO of Benchmark Realty — who sold the company to United Real Estate in 2020 — says the inspiration for writing the book stemmed from a...

Logan Finance promotes Dave Weatherford to TPO executive role

Nonqualified mortgage (non-QM) lender Logan Finance Corp. on Thursday announced the promotion of Dave Weatherford to Executive Vice President of TPO Production, effective immediately. The promotion follows Logan Finance’s launch of its new Open Road product series, announced in June. The series, which expands upon Logan’s preexisting non-QM offerings, involves seven specialized Non-QM mortgage...

Realtors Relief Foundation sends $500K to Texas flood victims

The nonprofit Realtors Relief Foundation (RRF) has allocated $500,000 to assist residents in south central Texas following recent floods that took the lives of more than 130 people and displaced families across the region. The funding — distributed through Texas Realtors and eight local associations — will be used to help affected residents cover housing payments as recovery and relief efforts...

U.S. Condo Market Suffers Sharpest Price Drops in Over a Decade as Buyers Retreat

Condo Prices and Demand Crumble in Florida and Texas Based on new Redfin data, the U.S. condominium market is unraveling faster than any other segment of the housing sector, as rising costs and tighter financing rules push buyers to the sidelines and sellers flood the market. The median sale price of a U.S. condo fell 2.2% year-over-year to $354,100 in May, marking the second-steepest annual drop since...

Real estate investors eye space economy as the new frontier

Real estate investors are turning their gaze skyward in preparation to take part in upcoming needs of the space exploration and data sector. This week, a CNBC report pointed to global real estate firm Hines and its recent acquisition of the Titusville Logistics Center — a nearly 250,000-square-foot industrial facility on Florida’s Space Coast. The move highlights a growing trend of investment in...

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