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Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
Detroit City Council Approves New 15,000-Seat Stadium
The Detroit City Council approved the proposal by the Detroit City Football Club's (DCFC) to construct a 15,000-seat stadium and other community projects in Southwest Detroit. CBS News reports the DCFC will build a 421-parking deck and 76-unit apartment building of...
NJ Democrat Proposes Using Eminent Domain to Seize Trump’s Bedminster Golf Club
A Democratic candidate for the New Jersey legislature has proposed seizing the Trump National Golf Club at Bedminster by eminent domain as a response to the administration’s freezing of $18 billion earmarked for an infrastructure project. InsideNJ.com reports the...
NYC Man Charged in Rental Scam That Defrauded Victims Out of $25,000
A New York City man was indicted for stealing approximately $25,000 from three prospective renters by pretending to be a real estate broker and showing them apartment that he was not authorized to sell. According to the charges brought against him, Juan Valloy ran a...
K&B Plaza, Historic New Orleans Office Complex, Listed for $11.4 Million
New Orleans’ historic office property K&B Plaza has been listed for sale for the first time in more than half a century, with an asking price of $11.4 million. According to a report in New Orleans City Business, the seven-story, 69,569-square-foot complex in the...
NEWS & CURRENT EVENTS
Property Insurance Costs Grow 11.3%
California saw the largest increases in the first half of the year, with premiums in Los Angeles up 9% in six months and 19.5% year-over-year. Continue Reading Property Insurance Costs Grow 11.3%
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
Tax officials in Bloomfield Township, Michigan, said the Pultes’ exemption was being immediately revoked. Continue Reading Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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FBI Warns of Rise in Quit Claim Deed Fraud Across New England
The FBI noted that 58,141 victims reported $1.3 billion in losses relating to real estate fraud nationwide between 2019 through 2023. Continue Reading FBI Warns of Rise in Quit Claim Deed Fraud Across New England
Slowing in Refinance Drives Down Mortgage Application Activity
The median sales price of new houses sold in February was $414,500. Continue Reading Slowing in Refinance Drives Down Mortgage Application Activity
Builders Call on Congress to Reform Regulations on Home Construction
NAHB cited a shortage of roughly 1.5 million housing units that the organization blamed on the regulatory process. Continue Reading Builders Call on Congress to Reform Regulations on Home Construction
GAO, at Democrats’ Behest, to Probe Cuts to HUD’s Fair Housing Program
The GAO said “staff with the required skills will be available shortly to initiate an engagement.” Continue Reading GAO, at Democrats’ Behest, to Probe Cuts to HUD’s Fair Housing Program
Kamala Harris to Appear at Australian Real Estate Conference
She is the only guest speaker who is not being made available for media interviews. Continue Reading Kamala Harris to Appear at Australian Real Estate Conference
CMBS Delinquency Rate Up in March
Last month, the overall delinquent balance was $39.3 billion, up from $36 billion in February. Continue Reading CMBS Delinquency Rate Up in March
Report: 1 in 5 Homes Sold for More Than Their Original List Price
Nearly two-thirds of transactions (64.2%) were closed for less than their original list price. Continue Reading Report: 1 in 5 Homes Sold for More Than Their Original List Price
HGTV Launches Smart Home 2025 Sweepstakes with San Antonio Residence as Grand Prize
“The HGTV Smart Home inspires viewers with clever solutions that will enhance their lives and elevate their homes,” said Loren Ruch, head of content at HGTV. Continue Reading HGTV Launches Smart Home 2025 Sweepstakes with San Antonio Residence as Grand Prize
New Apartment Development to be Built Near Cornell University
Upon completion – which is scheduled for the 2027 academic year – Theory Ithaca will be comprised of 371 units and 518 beds. Continue Reading New Apartment Development to be Built Near Cornell University
FHLB Cincinnati Debuts Hundred Homes Initiative
Eligible homebuyers must own and reside in a mobile home constructed prior to June 15, 1976. Continue Reading FHLB Cincinnati Debuts Hundred Homes Initiative
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