The Department of Housing and Urban Development (HUD) has updated the environmental review requirements for multifamily housing development and lending. The updates, which were issued earlier this week through the Federal Housing Administration (FHA) via a Mortgagee...
Elysium Investments, in partnership with European fund manager 1 Asset Management, has acquired a development site in downtown Toronto and submitted an application for a purpose-built student housing project under its Yarra Student Living platform. The proposed King...
eXp World Holdings Inc., the holding company for eXp Realty, has acquired NextHome Inc., a national real estate franchise headquartered in Pleasanton, California. The financial terms of the acquisition were not disclosed. NextHome has more than 500 US franchisees and...
Housing affordability in California in the first quarter reached its highest level in four years, according to data from the California Association of Realtors (CAR). During the first three months of the year, CAR determined that 22% of the state’s homebuyers...
The national multifamily vacancy is estimated to increase to 8.8% by the end of this year before easing to 8.4% at the end of 2027, according to a revised forecast from Apartments.com, a division of CoStar Group (NASDAQ: CSGP). Apartment rent growth is predicted to...
Mortgage rates were on the rise for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. A year ago at...
