The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
The budget health club chain Blink Fitness has filed for Chapter 11 bankruptcy, leaving the fate of its 101 locations unclear. The company, which is owned by the luxury fitness group Equinox Holdings, issued a statement promising to “continue to provide members with...
California’s housing affordability during the second quarter sank to its lowest levels in nearly 17 years due to elevated home prices and mortgage rates, according to data from the California Association of Realtors (CAR). The second quarter’s level was less...
The median asking rent declined year-over-year across all bedroom counts in July, according to new data from Redfin (NASDAQ:RDFN). This marks the first occurrence for across-the-board rent declines since June 2020. Median asking rents for 0- to 1-bedroom apartments...
The U.S. Department of Housing and Urban Development (HUD) has announced three initiatives focused on affordable housing creation. HUD has teamed with the U.S. Department of the Treasury on new actions designed to ensure greater interest rate certainty for state and...
Starwood Capital Group, a Miami Beach-headquartered private investment firm with a primary focus on real estate, announced that Andrew J. Sossen will rejoin the firm in September as a senior managing director and chief operating officer. Upon his return, Sossen will...
Hits and Misses for the Real Estate Week of June 15-19
