A district court judge has issued a temporary injunction preventing the US Department of Housing and Urban Development (HUD) from terminating 78 Fair Housing Initiative Program (FHIP) grants for nonprofit organizations contracting to investigate housing...
The transition from renting to homeownership is seen as insurmountable by nearly half of renters, according to a new survey from the nonprofit NeighborWorks America. This survey, which was conducted between Feb. 1-5 among a sample of 4,426 adults, found 48% of renters...
A total of 6,129 homes sold in Virginia during February, a reduction of 604 transactions or a 9% year-over-year decline. According to Virginia Realtors, there were 17,529 active listings on the market statewide, more than 3,100 additional listings from one year...
Dallas-headquartered Cornerstone Capital Bank has launched two joint venture companies with homebuilders in Texas and North Carolina. Twin Tree Mortgage, based in Waxahachie, Texas, is a joint venture with Elmwood Homes that will provide mortgage solutions for...
Madison International Realty, the New York City-based real estate private equity firm, has expanded its global presence with opening of its first office in South Korea. Located in Seoul, the new office is Madison’s eighth global outlet and its second in Asia after the...
Sales of new single-family houses during February were at a seasonally adjusted annual rate of 676,000, according to estimates published by the US Census Bureau and the Department of Housing and Urban Development. This is 1.8% above the revised January rate of 664,000...
