Real estate veteran Steve Simonetti opens REMAX NEXUS

Steve Simonetti entered the real estate industry after being inspired by his father’s journey in as a real estate agent and in purchasing investment properties. Over five decades later, Simonetti is still at it, but recently he has taken on a new role as franchisee. In October, Simonetti, a longtim
Read MoreGreystar to pay $24M, end hidden fee practices under FTC, Colorado settlement

Greystar — the nation’s largest multifamily rental property manager — has agreed to pay $23 million to the Federal Trade Commission (FTC) and $1 million to the state of Colorado. The settlement follows allegations that Greystar misled renters by advertising low monthly prices while adding undisclose
Read MoreHECM endorsements spike in November amid shutdown backlog

Home Equity Conversion Mortgage (HECM) endorsements saw an artificial increase in November due to the federal government shutdown, an effect that may continue into December. Meanwhile, activity in the secondary market slowed down, according to reports released this week. In total, the Federal Housin
Read MoreNorthern Virginia real estate leaders speak on recent inventory surge

Northern Virginia’s housing market saw a dramatic rise in available homes this fall, with active listings climbing 39.4% in October compared with the same month a year earlier, according to HousingWire Data. The region recorded 8,194 active listings in October, up from 5,877 annually — a level of su
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