Current News & Events
Foreclosure Filings Up 18% From One Year Ago
Lenders started the foreclosure process on 28,414 properties in April. Continue Reading Foreclosure Filings Up 18% From One Year Ago
Study Finds Greater Savings in Buying New Homes Versus Older Homes
The savings are primarily from the lower utility costs from newer energy-efficient construction and the delayed replacement of major systems. Continue Reading Study Finds Greater Savings in Buying New Homes Versus Older Homes
NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
The rent hikes exceeded the levels sought by Mayor Eric Adams. Continue Reading NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
CMBS Delinquency Rate Rises to 7.13%; Office Sector Delinquency at New Record High
One year ago, the CMBS delinquency rate was 5.35%. Continue Reading CMBS Delinquency Rate Rises to 7.13%; Office Sector Delinquency at New Record High
Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
Wood said the FHFA directive “could bolster both crypto and housing significantly.” Continue Reading Cathie Wood Praises FHFA Directive on Cryptocurrencies in Housing Policy
Doron Netanel Named CEO at Commodore Construction
Netanel most recently served as chief financial officer with international construction company Electra USA. Continue Reading Doron Netanel Named CEO at Commodore Construction
Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
“Being misled into visiting a property that is not suitable is frustrating for prospective tenants and may mean they miss out on other properties,” said Leo Patterson Ross, president of the Tenants Union of NSW. Continue Reading Proposed Australian Law Would Require Disclosures on AI-Altered Listing Photos
Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
He claimed “I don’t think that we should have billionaires” because of perceived income inequality gaps. Continue Reading Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
SEC Charges New Hampshire Developer with Defrauding Real Estate Investors
The US Attorney’s Office for the District of New Hampshire filed criminal charges against Robynne Alexander. Continue Reading SEC Charges New Hampshire Developer with Defrauding Real Estate Investors
Walker & Dunlop Arranges $170 Million Financing for Mixed-Use Salt Lake City Complex
Post District opened in December 2023 and spans five buildings. Continue Reading Walker & Dunlop Arranges $170 Million Financing for Mixed-Use Salt Lake City Complex
Hyatt Sells Playa’s Real Estate Portfolio for $2 Billion
Hyatt Hotels Corporation (NYSE: H) announced the sale of Playa Hotels & Resorts NV’s real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Hyatt acquired Playa earlier this year for...
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