A group of New York City landlords has filed a lawsuit to overturn the recently enacted rent freeze in stabilized apartments. The Real Deal reports six landlords are asking the New York Supreme Court to void the freeze approved by the Rent Guidelines Board and...
The Pennsylvania median home sales price reached $340,000 in June, a 6% jump from the $320,000 price of one year earlier and a new record high. “When home values reach new highs, it typically reflects a combination of steady buyer demand, limited housing...
Seattle-headquartered Windermere Real Estate has hired Diana Wall as chief growth officer, a newly created position. Wall, who is based in Denver, most recently served as executive director of global growth at Douglas Elliman. Earlier in her career, she held senior...
The Department of Housing and Urban Development (HUD) has suspended funding for the Virgin Islands Housing Finance Authority (VIHFA), claiming the agency mismanaged billions of dollars in federal aid. In a statement, HUD said VIHFA received $1.9 billion in HUD...
A total of 2,746 down payment assistance programs were active nationwide during the second quarter, an increase of 67 programs from the prior quarter. According to data from Down Payment Resource (DPR), grant programs that do not require repayment rose by 6% from the...
Alabama recorded 7,138 home sales in June, an increase of 414 transactions (or, a 6.2% rise) from one year before. On a month-over-month basis, sales were up by 2.9%. According to the Alabama Association of Realtors (AAR), the 21,681 active listings at the end of June...
