Current News & Events
R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
Prospector AI premiered exclusively in New York City last December. Continue Reading R-Zero’s Expands Availability of Commercial Real Estate Energy Savings Tool Prospector AI
Mortgage Credit Availability Improved in February
“Most of last month’s supply growth was in loan programs that allowed for cash-out refinance and on investor homes,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in February
Housing Supply at 5-Year High, Demand at 5-Year Low
Roughly 41,000 home-purchase agreements were canceled in January. Continue Reading Housing Supply at 5-Year High, Demand at 5-Year Low
Multifamily Developers Express Mixed Views on Market
NAHB Chief Economist Robert Dietz is projecting “multifamily construction will decline again in the first half of 2025.” Continue Reading Multifamily Developers Express Mixed Views on Market
Mortgage Rates in Further Decline
The 30-year fixed-rate mortgage averaged 6.87% as of Feb. 13. Continue Reading Mortgage Rates in Further Decline
Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Elie Schwartz pleaded guilty to one count of wire fraud and faces a maximum penalty of 20 years in prison. Continue Reading Real Estate Investment Firm Head Pleads Guilty to $62.8 Million Fraud Scheme
Democrat Leaders Urge Federal Reserve and Regulators Not to Work with Elon Musk’s DOGE
“Early evidence suggests the Trump Administration and DOGE are violating the US Constitution and a variety of laws,” the lawmakers wrote. Continue Reading Democrat Leaders Urge Federal Reserve and Regulators Not to Work with Elon Musk’s DOGE
UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage
“We’re urgently using all levers available to build the homes we need so more families can get on the housing ladder,” said Prime Minister Keir Starmer. Continue Reading UK Government Plans to Build Up to 12 New Towns to Alleviate Housing Shortage
Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing
“Projections indicate that Washoe County could run out of developable land by 2027,” said Gov. Lombardo. Continue Reading Nevada Governor Seeks State Resolution Calling to Release Federal Land for Housing
Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion
The Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv for $2 million. Continue Reading Ukraine Records First Real Estate Purchase by Western Private Fund Since Russian Invasion
Redfin to Lay Off 450 Employees Following Partnership with Zillow
The Seattle-based company did not release a press statement on the layoffs. Continue Reading Redfin to Lay Off 450 Employees Following Partnership with Zillow
Craft Retailer Jo-Ann Plans to Close 500 Stores
The company blamed rising inflation and the disruptions created by the Covid-19 pandemic for its current financial difficulties. Continue Reading Craft Retailer Jo-Ann Plans to Close 500 Stores
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