Tag: 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
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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…

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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
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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…

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