The Apartment Association of Greater Los Angeles (AAGLA) has filed a lawsuit against the City of Los Angeles seeking to nullify and enjoin the city from enforcing a pandemic-era ordinance prohibiting rental housing providers from increasing rent. According to AAGLA,...
A bizarre hunt for a movie superstar, a continued sense of builder optimism and a legendary crooner’s love letter to a once-great city. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: Preying on Tom Cruise. One...
Florida’s newest sports superstar resident is looking for a place to call home. According to a report in the Palm Beach Post, Argentine soccer great Lionel Messi has been checking out real estate in southern Palm Beach County. Boca Raton-based luxury real estate agent...
Florida’s housing market in June recorded 26,071 closed sales of existing single-family homes, down 7.9% year-over-year, while existing condo-townhouse sales totaled 10,494, down 11% over June 2022, according to data from Florida Realtors. The trade group also...
The number of serious delinquencies – defined as loans 90 days or more past due – dropped to 471,000 in June, the lowest since August 2006, according to new data from Black Knight Inc. (NYSE:BKI). June’s level is 177,000 loans lower (-27%) from one year earlier....
Mortgage applications for new home purchases increased 26.1% year-over-year in June, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey. Compared to May, applications were down by 5%. MBA estimated new single-family home sales were...