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Court Orders California City to Approve Affordable Housing
Huntington Beach will have 120 days to adopt an affordable-housing plan that complies with state law. Continue Reading Court Orders California City to Approve Affordable Housing
Court Orders California City to Approve Affordable Housing
Huntington Beach will have 120 days to adopt an affordable-housing plan that complies with state law. Continue Reading Court Orders California City to Approve Affordable Housing
Connecticut Town Considers Cannabis Complex Featuring 50 Affordable Housing Units
A real estate development planned for central Connecticut would include a 50-unit affordable housing complex with a cannabis growing operation and a dispensary. The New Haven Register reports the former Himmel Brothers Co. metal fabrication site in Hamden, a town...
HUD Secretary Turner: ‘The Radical Left Are Going to Shut Down the Government’
HUD Secretary Scott Turner has warned that extremists in the Democratic Party are pushing to shut down the federal government and imperil the operations within his department’s programs. In a posting on X, Turner wrote, “The Radical Left are going to shut down the...
Starter Home Sales and Prices Outpace Other Housing Sectors
The typical starter home sold for a record $260,508 in August, a 2.2% year-over-year increase, according to new data from Redfin. In comparison, mid- and high-price home prices grew 1.4% and 2.7% over the same period, respectively, to near-record highs of $370,000 and...
NEWS & CURRENT EVENTS
New Home Sales Down 0.6% in July
The median sales price of new houses sold in July was $403,800, a 0.8% dip from June’s price of $407,200 and 5.9% below the July 2024 price of $429,000. Continue Reading New Home Sales Down 0.6% in July
Long-Lost Nazi-Looted Artwork Spotted in Online Real Estate Listing
An 18th century painting that was stolen by the Nazis from a Dutch Jewish art dealer and disappeared for decades has been spotted in an online real estate listing in Argentina. The Dutch newspaper AD reports “Portrait of a Lady” by the Italian painter Vittore...
Morgan Properties Acquires Dream Residential REIT for $354 Million
Following the conclusion of the acquisition, Dream Residential REIT will cease to be publicly traded. Continue Reading Morgan Properties Acquires Dream Residential REIT for $354 Million
St. Louis-Area Man Pleads Not Guilty for Conspiring to Steal 16 Homes and a Duplex
James L. Townes Jr. is accused of falsely claiming to be disabled. Continue Reading St. Louis-Area Man Pleads Not Guilty for Conspiring to Steal 16 Homes and a Duplex
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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California Mortgage Firm President Arrested for DUI Collision That Killed 88-Year-Old Man
Melvin Joseph Weibel, the 88-year-old passenger in the Ford Transit van, was pronounced dead at the scene. Continue Reading California Mortgage Firm President Arrested for DUI Collision That Killed 88-Year-Old Man
New Initiative Targets $1 Billion for Nordic Real Estate Financing
The partnership will deploy $1 billion on whole loan lending in Denmark, Finland, Norway, and Sweden. Continue Reading New Initiative Targets $1 Billion for Nordic Real Estate Financing
A Phil Hall Op-Ed: Real Estate, Crypto and the Trump Agenda
Editor Phil Hall opines on the intersection of real estate, cryptocurrency and federal regulations. Continue Reading A Phil Hall Op-Ed: Real Estate, Crypto and the Trump Agenda
CMBS Delinquency Rate Down by 1 Basis Point
One year ago, the CMBS delinquency rate was 4.66%. Continue Reading CMBS Delinquency Rate Down by 1 Basis Point
North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit
Rep. Nels Christianson, the bill’s sponsor, said his legislation provides property tax relief to residents who need it the most. Continue Reading North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit
Cornerstone Capital Bank Launches Community Lending Division
The bank stated it will seek “to close racial and economic gaps in homeownership and help families achieve their dream of owning a home.” Continue Reading Cornerstone Capital Bank Launches Community Lending Division
NAR Accepting Applications for 2025 Good Neighbor Awards
Five winners will each receive a $10,000 grant for their nonprofit organization. Continue Reading NAR Accepting Applications for 2025 Good Neighbor Awards
Trump Names Treasury Secretary Bessent as Acting CFPB Director
Bessent will take the leadership role from Rohit Chopra, who was fired on Saturday. Continue Reading Trump Names Treasury Secretary Bessent as Acting CFPB Director
Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico
“Tariffs on lumber and other building materials increase the cost of construction,” said NAHB Chairman Carl Harris. Continue Reading Home Builders Give Thumbs Down to Trump’s Tariffs on Canada and Mexico
GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra
Sen. Chuck Schumer predicted a “Golden Age of predatory lending.” Continue Reading GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra
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