California Gov. Gavin Newsom signed legislation that enacts major changes to the California Environmental Quality Act (CEQA) that are designed to increase the availability of affordable housing across the state. KCRA reports the new law takes effect today and will...
The New York City Rent Guidelines Board voted 5-4 on a rent hike of up to 4.5% for the city’s roughly 1 million rent-stabilized apartments. The New York Post reports the board approved a 3% rent increase on 1-year leases and 4.5% for 2-year leases that start on or...
The commercial mortgage-backed securities (CMBS) delinquency rate rose by 5 basis points in June to 7.13%, according to new data from Trepp Inc. The overall delinquent balance was $42.3 billion this month, down from $42.6 billion in May, while the outstanding balance...
Florida Gov. Ron DeSantis has vetoed a bill that would have allocated $1 million to study the potential impacts of eliminating the property tax. The study would have been conducted through the Office of Economic and Demographic Research, with a deadline scheduled for...
The decision by Federal Housing Finance Agency (FHFA) Director Bill Pulte to explore the viability of incorporating cryptocurrencies into the secondary mortgage market received a major vote of approval from high-profile investor Cathie Wood, CEO of Ark Invest. Last...
Commodore Construction has announced the appointment of Doron Netanel as its new CEO. In his new role, Netanel will be responsible for overseeing the Mount Vernon, New York-based company’s current operations, strategic growth initiatives and its expanding pipeline of...
