A bipartisan initiative led by Reps. Scott Peters (D-CA) and Cathy McMorris Rodgers (R-WA) and Sens. Brian Schatz (D-HI) and Mike Braun (R-IN) have reintroduced the Build More Housing Near Transit Act, which is designed to encourage the construction of low- and...
The Bank of England’s Monetary Policy Committee (MPC) voted 6–3 to maintain its Bank Rate at 5.25%. This marked the second consecutive MPC where the rate was not increased – the rate is at its highest level in 15 years. The three dissenting MPC members sought to...
The National Association of Realtors (NAR) has reached outside of the real estate industry for its leadership by recruiting Nykia Wright as its interim CEO, effective Nov. 20. Wright was formerly CEO of the Chicago Sun-Times and is co-founder of SonicMessenger, a...
The New York City law firm Kane Kessler has hired Neal Weinstein as a partner in its real estate and general business groups. Weinstein brings more than 20 years of experience in commercial real estate transactions, with a primary focus on New York metro and...
The Federal Housing Administration (FHA) is seeking feedback on proposed policy updates to its Home Equity Conversion Mortgage (HECM) program. According to an announcement issued by the U.S. Department of Housing and Urban Development (HUD), the proposed updates are...
Roughly half (47.4%) of mortgaged U.S. residential properties were considered equity-rich in the third quarter, according to new data from ATTOM – down from 49.2% in the second quarter, which is the largest quarterly decline in four years. The share is also down...
