A bill that was recently introduced in the New York City Council would require landlords to buy, install and maintain air conditioning units or cooling systems for their tenants. Although 91% of the city’s households have air conditioning, roughly 350 New Yorkers die...
The U.S. Department of Housing and Urban Development (HUD) has proposed a new rule to govern the sale of seriously delinquent single-family mortgage loans insured by the Federal Housing Administration (FHA). The proposed rule includes changes made during a...
The Miami-based fintech start-up Waltz Inc. is now offering foreign investors a platform to invest in and purchase US residential real estate within a 30-day period. Waltz is currently available in nine states – Alabama, Florida, Georgia, Maryland, Mississippi, North...
Foreign buyers purchased $42 billion worth of US existing homes between April 2023 and March 2024, according to new data from the National Association of Realtors (NAR). This represented a 21.2% from the prior 12-month period. Foreign buyers purchased 54,300...
Single-family housing starts in June were at a rate of 980,000, a 2.2% decline from the revised May figure of just over 1 million, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. Privately-owned housing starts in...
Mortgage applications were on the rise again, according to data from Mortgage Bankers Association (MBA) covering the week ending July 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis...
