A new data report from Redfin (NASDAQ: RDFN) has reached the conclusion that the wealthiest 1% of Americans have the financial capacity to buy 99% of the nation’s homes. How does that work? According to Redfin, the combined value of nearly 100 million American homes...
The National Association of Realtors (NAR) has launched a new advertising campaign called “Right by You” that is designed to highlight the role of realtors in helping homebuyers. The first phase of the campaign, entitled “Don’t DIY,” shows the challenges of...
New York City recorded the completion of 33,974 new homes in 2024, the most units completed in a single year since 1965. The Department of City Planning (DCP) attributed this figure to the increase of permitting during 2022 ahead of to the expiration of the 421-a tax...
A pair of Winnipeg real estate agents were disciplined by their industry association following a complaint by a homebuyer over their handling of her property purchase. CBC reports the complaint was brought by first-time buyer Chantal Orsak, who bought a home in 2022...
New York City-based Franklin BSP Realty Trust Inc. (NYSE: FBRT) is acquiring NewPoint Holdings JV LLC, a privately held commercial real estate finance company headquartered in Plano, Texas. The financial terms of the deal were not disclosed. According to the...
Hits and Misses for the Real Estate Week of May 4-8
