Tennessee Gov. Bill Lee has signed a bill that will provide a 130% refund of property taxes to homeowners whose residences were either damaged or destroyed by Hurricane Helene. WSMV.com reports the legislation was unanimously passed by both the Tennessee House and...
The global investment firm KKR & Co. Inc. (NYSE: KKR) has announced the final close of the KKR Opportunistic Real Estate Credit Fund II (ROX II) at $850 million. The company describes ROX II as “a strategy dedicated to opportunistic investments in senior loans and...
A new data report from Redfin determined that housing supply in January was at its highest level since 2020, but demand for housing was at its lowest level since 2020. Pending home sales in January dropped to their lowest recorded level aside from the start of the...
Builders had mixed feelings about the multifamily housing sector during the fourth quarter of 2024, according to the newly released Multifamily Market Survey (MMS) published by the National Association of Home Builders (NAHB). The MMS produces two separate indices....
Mortgage rates continued to tumble in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13, down from last week when it averaged 6.89%. A year ago at this time, it averaged...
The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
