The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) has launched the Hundred Homes Initiative, with the goal of offering $5 million in funding to move 100 households living in mobile homes constructed before June 15, 1976, into updated housing. The date was...
Baby boomers are largest generational group of homebuyers, according to the National Association of Realtors’ (NAR) 2025 Home Buyers and Sellers Generational Trends report. The combined share of younger boomers (ages 60–69) and older boomers (ages 70–78) rose to 42%...
Sunstone Two Tree, a developer and operator of rental housing communities, has acquired Terraza Hills, a 200-unit apartment property in San Diego, for $45 million or $225,000 per unit. The property was built in 1976 and still in its original condition. Sunstone Two...
Kanye West’s notorious Malibu, California, residence that was left in an unfinished restoration and sold at a steep discount was acquired after roughly a week after being flipped. The Wall Street Journal reports an investor group led by Andrew Mazzella, a...
A Nebraska city with 865 residents is seeking to grow its population by offering $50,000 in down payment assistance to those willing to relocate. Business Insider reports that Pawnee City – which is located about 90 minutes south of Lincoln, Nebraska, and two hours...
Bank of America (NYSE: BAC) is closing the first quarter of this year with an 80% spike in mortgage applications. According to a Reuters report, the Charlotte, North Carolina-headquartered financial institution – the nation’s second largest bank – is experiencing more...
