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Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes

Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes

by Phil Hall | Aug 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Modern building codes are being credited for the roughly 50% decline in post-hurricane mortgage delinquency rates, according to a new report from the Insurance Institute of Business & Home Safety and CoreLogic. The report cited the building codes that emerged in...
Rudy Giuliani Lists His NYC Apartment at $6.5 Million

Rudy Giuliani Lists His NYC Apartment at $6.5 Million

by Phil Hall | Aug 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Former New York City Mayor Rudy Guiliani is listing his luxury Manhattan apartment for sale at $6.5 million. The apartment is in a landmarked building designed in 1906 by architects Harde & Short. According to combined media reports, Giuliani purchased the 10th...
One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings

One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings

by Phil Hall | Aug 8, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,090 apartments were created in 2022 by converting other commercial real estate properties into housing, according to a new RentCafe analysis of Yardi Matrix data. Office buildings were the main source of converted apartments last year, with a 33.6% share...
Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules

Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules

by Phil Hall | Aug 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A judge dismissed a lawsuit filed by Airbnb Inc. (NASDAQ:ABNB) against New York City over a 2022 law that the company said created an unofficial ban on short-term rentals in the city. According to a Reuters report, the company said the city’s enforcement of Local Law...
Survey: Most Californians Favor Easing Environmental Restrictions to Build More Housing

Survey: Most Californians Favor Easing Environmental Restrictions to Build More Housing

by Phil Hall | Aug 8, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The majority of Californians would not be upset if the state relaxed its stringent environmental and land use restrictions in order to boost the short supply of available housing, according to a new poll from the nonpartisan Public Policy Institute of California...
Mortgage Credit Availability at 10-Year Low

Mortgage Credit Availability at 10-Year Low

by Phil Hall | Aug 8, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data from the Mortgage Bankers Associations’ (MBA) Mortgage Credit Availability Index (MCAI) recorded a nadir not seen in a decade. The MCAI was down by 0.3% to 96.3 in July; the index was benchmarked to 100 in March 2012. The Conventional MCAI decreased by...
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