Mortgage credit availability was on the rise last month, according to data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 3.3% to 98.1 in July; the index was benchmarked to 100 in March 2012. The...
Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers Inc. (NYSE: TOL), has partnered with Equity Residential for the opening of Remy, a luxury apartment community in the Dallas suburb of Frisco, Texas. The new community features 357 studio, one-, and...
Hedge fund executive Bill Ackman is considering a plan to take the Houston-based real estate firm Howard Hughes Corp. (NYSE:HHH) private. According to combined news reports, Ackman made his announcement in a regulatory filing. Ackman owns more than 37% of HHH’s stock...
The California Association of Realtors (CAR) has named Phil Hawkins as its new CEO. Hawkins joins CAR from the Pacific West Association of Realtors, where he served as chief executive. He succeeds Debra Ferrier, who has served as interim CEO since April after Joel...
Ondrej Linda is senior director of Personalization AI at Zillow. This article is edited and adapted from prepared remarks delivered before a recent congressional hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and...
The Biden administration is seeking to accelerate the timelines for the permitting and reviews of historic buildings, with a new focus on climate resiliency. According to a Bloomberg report, the Advisory Council on Historic Preservation, an independent federal agency,...
Hits and Misses for the Real Estate Week of May 4-8
