A San Francisco-based financial technology company is facing a class-action lawsuit that could further upend the burgeoning home equity investment (HEI) industry. The case, filed in September in the Superior Court of California for the County of San Francisco, alleges that Unison Agreement Corp. uses predatory “equity sharing” contracts to trap homeowners in unlicensed, usurious…
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Rhode Island-based The DiSpirito Team has earned No. 1 placement in the Americas network of Engel & Völkers. The DiSpirito Team — affiliated with Engel & Völkers Oceanside — received the recognition for leading the network in units sold across the Americas region, which includes the United States, Canada, Mexico, the Caribbean and South America….
The fastest-moving housing markets in the country right now aren’t in California or Texas — they’re in the Midwest. HousingWire Data shows Michigan, Ohio and Illinois leading the nation in housing absorption, with weekly rates above 17% as demand accelerates ahead of the spring housing season. Nationally, the weekly absorption rate rose to 11.95% for…
U.S. consumer prices increased moderately from January to February, with annualized inflation holding steady, according to data released Wednesday by the U.S. Bureau of Labor Statistics. The Consumer Price Index rose 2.4% over the 12 months ending in February, unchanged from January. On a seasonally adjusted basis, the index increased 0.3% during the month. Core…