The U.S housing shortage reached 4.5 million homes in 2022, according to a new data analysis from Zillow (NASDAQ:Z, ZG), up from 4.3 million in 2021. Zillow determined there were roughly 8.09 million “missing households” – individuals or families living...
Home prices inched up by 0.3% from April to May, according to new data from Redfin (NASDAQ:RDFN). This marked the smallest increase on a seasonally adjusted basis since January 2023. On a year-over-year basis, home prices were up by 7.2% – but Redfin insisted annual...
Mill Creek Residential, a developer, owner-operator and investment manager specializing in rental housing, has acquired Alister Sunset Valley, a garden-style apartment community in Austin. The 290-unit, three-story community was built in 1997 and was formerly known as...
U.S. Sen. J.D. Vance is arguing that “20 million illegal aliens” are preventing Americans from being able to access affordable homeownership. The Ohio Republican’s comments came on X (formerly Twitter) as a response to remarks by financial writer James Surowiecki, who...
Multifamily developer Wood Partners is expanding its northeast presence with its first projects based in Rhode Island and New Hampshire. The company’s Alta Altitude in Rhode Island is designed as two four-story buildings containing 214 apartment homes with an...
A real estate investor was who was fined $180,000 by the City of Las Vegas for having an unauthorized Airbnb at his property is blaming his tenant for running afoul of local laws and berating the local authorities for not informing him of this problem earlier....
Hits and Misses for the Real Estate Week of April 27-May 1
