Current News & Events
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann
Burlington’s acquisition follows an expansion strategy by the company that saw the opening of 101 new stores last year. Continue Reading Burlington to Acquire 45 Store Locations from Bankrupt Retailer Jo-Ann
Warren Buffett to Retire as Berkshire Hathaway’s Chief Executive at Year’s End
Buffett stated that he wanted to see Greg Abel as his replacement. Continue Reading Warren Buffett to Retire as Berkshire Hathaway’s Chief Executive at Year’s End
Hits and Misses for the Real Estate Week of April 28-May 2
The too-high cost for homebuying, the effects of plumbing mishaps on household budgets, and an XL-sized lease in New York City’s office market top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of April 28-May 2
Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million
Bossetti received more than $20 million in investments between September 2019 and June 2023. Continue Reading Social Media Influencer Charged with Defrauding Real Estate Investors Out of $11 Million
Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure
Miroslaw Krejza was convicted by a federal jury in 2023. Continue Reading Chicago Real Estate Developer Sentenced for Embezzlement That Fueled Bank’s Failure
T-Max Lending Moves HQ from San Diego to Sacramento
The company said the relocation places it “at the heart of California’s government and financial regulatory activity.” Continue Reading T-Max Lending Moves HQ from San Diego to Sacramento
NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’
“Income growth is outpacing consumer price inflation,” said Lawrence Yun. Continue Reading NAR’s Chief Economist on Jobs Data: ‘The Economy is Progressing’
Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments
The lawsuit alleges three causes of action: defamation, intentional infliction of emotional distress, and prima facie tort. Continue Reading Floyd Mayweather Sues Business Insider for Defamation in Coverage of Real Estate Investments
Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Redfin blamed the slowing of multifamily construction on a combination of flattening rents and higher borrowing costs. Continue Reading Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property
CBRE has been hired to market the roughly 500-acre property for sale. Continue Reading Six Flags to Close Maryland Amusement Park and Sell 500-Acre Property
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 3-7- NYC Homeowners Sue to Delay Mamdani’s Pied-à-Terre Tax Rollout
- Historic Maine Home Available for $1, Albeit with a Catch
- Arkansas Man Sentenced for Trying to Sell Property He Didn’t Own
- Sen. Elizabeth Warren Questions Compass and MRED Over Private Listings Plan…
