AvalonBay Communities Inc. (NYSE: AVB) and Equity Residential (NYSE: EQR) announced they are merging in an all-stock transaction. According to the companies, the new merged entity will encompass more than 180,000 rental apartments and boast a pro forma equity market...
New York State’s housing inventory totaled 28,058 properties in April, a 4.7% increase from the 26,796 available units one year earlier. According to the New York State Association of Realtors, this marked the highest number of homes available since last November....
Midwest Real Estate Data (MRED) has blocked Zillow (NASDAQ: Z, ZG) from accessing its licensed listing data feeds for display on Zillow’s consumer-facing websites. Chicago Agent Magazine reports the action followed Zillow’s federal antitrust lawsuit against MRED and...
The House of Representatives approved a revised version of the Senate-passed 21st Century ROAD to Housing Act, enacting a major change that could prevent its speedy final approval when the bill is returned to the Senate. The Hill reports the revised legislation passed...
Shelter Lending Corp., a Kelowna, British Columbia-based alternative mortgage lender, has acquired Accepted Financial Corp., a mortgage investment firm headquartered in Langley, British Columbia. The financial terms of the deal were not disclosed. Brad Currie,...
Barney Frank, the longtime Democratic congressman from Massachusetts who co-authored the Dodd-Frank Act, died on Tuesday night at the age of 86. Frank represented the 4th District of Massachusetts in the US House of Representatives from 1981 through 2013. He served as...
The American Dream of Homeownership Is Not Dead, But We’re Sure Makin…
