The British Columbia Real Estate Association (BCREA) announced the election of Tim Ayres as is 2024-2025 chairman. Ayres is a Sooke-based realtor with Royal LePage Coast Capital Realty and has been actively involved in local and national trade organizations. He served...
Millennials and baby boomers are the dominant forces in the U.S. housing market, according to the National Association of Realtors’ (NAR) newly published “2024 Home Buyers and Sellers Generational Trends Report.” Millennial buyers accounted for 38% of buyers, the...
If anyone is looking to lease office space in Manhattan, there is no shortage of choices – two new data reports point to historically high vacancy rates in the heart of the Big Apple. Data from Colliers determined the borough’s office availability rate in the first...
U.S. Rep. Adam Schiff (D-CA) has introduced the Government Facilities to Affordable Housing Conversion Act, a new bill designed to support the conversion of unused and underutilized federal, state, and local government-owned buildings into affordable housing units. If...
The delinquency rate for commercial mortgage-backed securities (CMBS) dipped by 4 basis points to 4.67% in March, according to new data from Trepp LLC. Year over year, the overall CMBS delinquency rate is up 158 basis points from 3.09%. The percentage of loans that...
The California Dream for All program, a loan application for first-time home buyers, will allocate $250 million its second annual round beginning on April 3. According to a KQED report, last year’s inaugural cohort allocated roughly $300 million of funding within 11...
