Three new data reports offer greater insight regarding the state of today’s rental housing market. Rents have outpaced wages in 44 of the 50 largest metros since 2019, according to data from Zillow Group (NASDAQ:Z, ZG). Over the last five years, U.S. rents have grown...
The Promise Homes Company, one of the largest minority-led managers of institutional-quality and CRA-eligible, single-family residential rental homes, announced the appointment of John Ehle as CEO. Ehle will succeed founder John Hope Bryant, who transitioned to...
The global investment firm KKR has teamed with Marriott International Inc. (NASDAQ: MAR) in the launch of a new endeavor in the midscale hospitality space in Japan. The new partnership follows KKR’s acquisition of Unizo Hotel Company Limited and a portfolio of 14...
Lower-income Americans accounted for roughly one in five (20.6%) new mortgages issued in 2023, a level not seen since 2018, according to new data from Redfin (NASDAQ:RDFN). The newly reported level represents a step down from the progress that lower-income Americans...
Actor Tom Selleck has a confession to make – the star of “Blue Bloods” is concerned over whether he can afford to keep his California ranch after his CBS series goes off the air later this year. In an interview with CBS News, Selleck questioned whether he would have...
The Federal Housing Administration (FHA) is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, Hawaii, through Jan. 1, 2025. The extension will provide homeowners impacted by the August 2023 wildfires with more time to obtain...
Hits and Misses for the Real Estate Week of June 22-26
