The commercial real estate data provider CoStar Group (NASDAQ:CSGP) is being sued by Move Inc., the News Corp (NASDAQ:NWSA) subsidiary that operates Realtor.com, for hiring a Realtor.com employee who allegedly brought along his former employer’s trade secrets....
London Mayor Sadiq Khan is pressing for newly elected U.K. Prime Minister Keir Starmer to provide him with billions to address the capital city’s need for more affordable housing. The Evening Standard reported that Khan has been pushing for a £2.2billion...
Hamilton Point Investments (HPI), a real estate private equity firm, has acquired a four-property Houston apartment portfolio for $195 million. The portfolio encompasses 1,174 apartment units in properties which were built in 2022. The properties were purchased from a...
California voters will have a chance this November to rewrite the state’s law relating to rent control. The proposed Justice for Renters Act was added to the statewide ballot as Proposition 33. The ballot initiative consists of a single sentence: “The state may not...
Mortgage rates flirted with the 7% level again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of July 3, up from last week when it averaged 6.86%. A year ago at this time, it...
Home sales and prices in the Greater Toronto Area (GTA) were down year-over-year in June, according to new data from the Toronto Regional Real Estate Board (TRREB). A total of 6,213 home sales were sold through TRREB’s MLS System in last month, down 16.4% compared to...
Hits and Misses for the Real Estate Week of June 29-July 3
