Category: real estate investment

Investors Buying Up Record Share of American Homes: Redfin Report

February 18, 2022
Business & EconomyeconomyInvestmentMarketsreal estate investmentrental propertiesU.S. home pricesU.S. investorUSUS News
0 Comment

Homes bought by investors made up a record 18.4 percent of the total homes sold in the United States during the final quarter of last year, based on a report by realty company Redfin, drawing scrutiny from lawmakers who have blamed the trend for driving up home prices. The Q4 numbers reveal an uptrend from…

Read More

Former San Diego Real Estate Agent Sentenced to Prison for Investment Fraud

January 3, 2022
investment fraudLocal Newsreal estate investmentRegional NewsRegional-Local NewsSan DiegoSouthern CaliforniaUS
0 Comment

SAN DIEGO—A former San Diego real estate agent was sentenced on Jan. 3 to more than five years in prison for orchestrating a fraud scheme that bilked investors out of millions of dollars. Alexander Avergoon, who was also ordered to pay nearly $10 million in restitution, pleaded guilty to federal charges in connection with what prosecutors described as…

Read More