President Trump has inserted himself into the controversy surrounding New York City’s pied-à-terre tax, declaring that he will review if the federal government can stop the tax from going into effect. The tax is designed to target the owners of luxury second homes –...
Existing home sales decreased by 1.7% month-over-month and increased 0.7% year-over-year, according to data from the National Association of Realtors (NAR). Month-over-month sales increased in the Northeast, held steady in the West, and declined in the Midwest and...
Mortgage credit became more accessible in July, according to the Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI rose by 2.5% to 108.4 last month; the index was benchmarked to 100 in March 2012. The Conventional...
Illinois Realtors is partnering with local government and community leaders to accelerate the development of new homes. Through the Illinois Housing Supply Accelerator Program, the governmental affairs directors at Illinois Realtors will work with mayors, county...
Nations Lending, a Cleveland-headquartered mortgage originator, has launched Nations Lending Insurance Services (NLIS). According to the company, NLIS is “designed to help borrowers access competitive insurance options, streamline the closing process, and create a...
Shores, a prominent 544-unit multifamily community in Marina del Rey, California, was sold for $170 million. The property was sold to affiliates of Jackson Square Properties by Shores LLC, with the law firm Cox, Castle & Nicholson LLP serving as counsel to the...