The commercial mortgage-backed securities (CMBS) delinquency rate rose by 5 basis points in June to 7.13%, according to new data from Trepp Inc. The overall delinquent balance was $42.3 billion this month, down from $42.6 billion in May, while the outstanding balance...
Florida Gov. Ron DeSantis has vetoed a bill that would have allocated $1 million to study the potential impacts of eliminating the property tax. The study would have been conducted through the Office of Economic and Demographic Research, with a deadline scheduled for...
The decision by Federal Housing Finance Agency (FHFA) Director Bill Pulte to explore the viability of incorporating cryptocurrencies into the secondary mortgage market received a major vote of approval from high-profile investor Cathie Wood, CEO of Ark Invest. Last...
Commodore Construction has announced the appointment of Doron Netanel as its new CEO. In his new role, Netanel will be responsible for overseeing the Mount Vernon, New York-based company’s current operations, strategic growth initiatives and its expanding pipeline of...
Real estate agents in the Australian state of New South Wales (NSW) could soon be required to disclose if the photographs used in their rental listings were digitally manipulated using artificial intelligence (AI). According to combined media reports, the new law was...
New York City mayoral candidate Zohran Mamdani is proposing a property tax hike aimed directly at the city’s “richer and whiter neighborhoods,” according to a review of his campaign platform by the New York Post. The proposal was conceived to address irregularities in...
