The Departments of Housing and Urban Development (HUD) and Interior have signed a partnership agreement to create a joint task force that will identify and open federal lands for affordable housing development. In an online video, HUD Secretary Scott Turner and...
Builder confidence in the market for newly built single-family homes dropped three points in March to a reading of 39 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), marking the lowest level in seven months; any number over...
New data published by the National Association of Realtors (NAR) has determined the Black homeownership rate experienced the greatest year-over-year increase in 2023 among racial groups, but it was still lower than the rates recorded by other demographics. The Black...
The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
A fraudster whose chicanery was inspired by a “Seinfeld” joke was sentenced in Brooklyn federal court to 45 months in prison for wire fraud and ordered to pay $1.3 million in forfeiture. Thomas John Sfraga, also known by the alias TJ Stone, presented himself to...
The Florida legislature is considering the use of accessory dwelling units (ADU) to help solve the state’s affordable housing shortage. News Service of Florida reports panels within the state’s House and Senate passed bills that would enable localities to allow the...
