A bipartisan bill has been introduced in the U.S. House of Representatives that would create a tax incentive designed to produce 500,000 starter homes over the next decade. Reps. Mike Kelly (R-PA) and Brian Higgins (D-NY) authored the Neighborhood Homes Investment...
Charles Cadogan, the 8th Earl Cadogan and one of Britain’s wealthiest real estate executives, passed away on June 11 at the age of 86. According to the Daily Mail, Cadogan headed up Cadogan Estates, which owns nearly 100 acres of prime real estate in the Kensington...
Last week, New York City Mayor Eric Adams filed a lawsuit against 30 counties in upstate New York for refusing to accept illegal immigrants currently housed across the Big Apple. “Since this crisis began, New York City has — virtually on its own — stepped up to...
Elon Musk is being blamed for screwing up Goldman Sachs’ (NYSE:GS) first quarter results for refusing to pay rent on his Twitter offices. The Financial Times reported the financial institution was burdened by a spike in commercial real estate loan delinquencies during...
Fintech mortgage lender Better.com has abruptly shut down its real estate business. According to a TechCrunch report, the company laid off its entire real estate division on June 7 and will shift operations from an in-house agent model to a partnership agent model....
U.S. home values grew by 1.4% from April to May, the strongest monthly appreciation since last June, according to new data from Zillow Group (NASDAQ:Z, ZG). The home value as of May was $346,856, up 0.9% year-over-year. Zillow Senior Economist Jeff Tucker noted the...
Hits and Misses for the Real Estate Week of Aug. 24-28
