Current News & Events
Hits and Misses for the Real Estate Week of Feb. 16-20
A proposed property tax hike in New York City, a California lawmaker fighting for homeowner insurance rights, and a hotel executive forced out of his job because of a toxic friend. Continue Reading Hits and Misses for the Real Estate Week of Feb. 16-20
Home Builders Renew Exemption Call on Building Materials as Trump Plans Global 10% Tariff
The National Association of Home Builders (NAHB) renewed its call to exempt building materials from his renewed tariff targeting after the Supreme Court voted 6-3 to reject President Trump’s expanded use of the International Emergency Economic Powers Act (IEEPA) for...
Existing Home Sales Up in January
“The median home price reached an all-time high for the month of January,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Up in January
Median Rents Down for Sixth Straight Month
Asking rents for one-bedroom units increased by a scant 0.1% year-over-year to $1,591 in January. Continue Reading Median Rents Down for Sixth Straight Month
New Report Finds Spike in Commercial Real Estate Foreclosures
California led the states with commercial real estate foreclosures, recording 181 in January. Continue Reading New Report Finds Spike in Commercial Real Estate Foreclosures
Miami Beach Leaders Oppose Metromover Connection Project
The city leaders suggested exploring other options for alleviating the ongoing traffic congestion problems. Continue Reading Miami Beach Leaders Oppose Metromover Connection Project
CVS Health Provides $35 Million for Affordable Housing Projects in Hawaii
“These investments and collaborations echo our longstanding commitment to supporting and uplifting the people of Hawaii,” said CVS’ Scott Sutton. Continue Reading CVS Health Provides $35 Million for Affordable Housing Projects in Hawaii
FHA Launches New Loan Modification Option
Mortgage servicers may begin implementing Payment Supplement on May 1. Continue Reading FHA Launches New Loan Modification Option
The House Where Jeff Bezos Created Amazon Sells for $2.29 Million
Bezos was reportedly renting the home for $890 a month in 1994 when he used his garage as the office of Amazon. Continue Reading The House Where Jeff Bezos Created Amazon Sells for $2.29 Million
London’s BT Tower Sold to Hotel Group
The 620-foot-tall tower was completed in 1964 and was the city’s tallest structure until the opening of the NatWest Tower in 1980. Continue Reading London’s BT Tower Sold to Hotel Group
NY Attorney General Vows to Seize Trump’s Real Estate Assets if He Doesn’t Pay His Trial Fines
“Financial frauds are not victimless crimes,” said Attorney General Letitia James. Continue Reading NY Attorney General Vows to Seize Trump’s Real Estate Assets if He Doesn’t Pay His Trial Fines
HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors
FHA Commissioner Julia Gordon said the funds “offer a solution to address the persistent housing needs of seniors across the nation.” Continue Reading HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors
