Real Estate News & Insights
Report: Trump to Profit from Proposed NYC Casino
The Gaming Commission estimated the new casinos could generate $7 billion in gambling revenues for the state from 2027 to 2036. Continue Reading Report: Trump to Profit from Proposed NYC Casino
New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
West purchased the property in 2021 for $57 million but left it unfinished after a highly publicized but ill-fated renovation project. Continue Reading New Owner of Kanye West’s Troubled Malibu Beach House Faces Foreclosure
Hilco Real Estate Finance Takes Aim at the UK Market
HREF will provide loans ranging from £1 million to £50 million and loan-to-value ratios of up to 75%. Continue Reading Hilco Real Estate Finance Takes Aim at the UK Market
Redfin: 1% of US Homes Changed Hands Year-to-Date
“The typical home is selling for about 40% more than before the pandemic,” said Chief Economist Taylor Marr. Continue Reading Redfin: 1% of US Homes Changed Hands Year-to-Date
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
Housing Starts Down During June
Single‐family authorizations in June were at a rate of 922,000, up 2.2% from the revised May figure of 902,000. Continue Reading Housing Starts Down During June
Builder Confidence Up for Seventh Straight Month
Only 22% of builders reported cutting prices in July, down from 25% in June and 27% in May. Continue Reading Builder Confidence Up for Seventh Straight Month
The Best and Worst Cities for First-Time Home Buyers Are…
Honolulu has the lowest real estate tax rate at 0.30%, while the highest is in Waterbury, Connecticut, at 3.59%. Continue Reading The Best and Worst Cities for First-Time Home Buyers Are…
Luke Bryan cuts price on Florida mansion for second time
The four-story five-bedroom, five-bathroom property was built in 1994 and bought by Ryan in 2013 for $2.5 million. Continue Reading Luke Bryan cuts price on Florida mansion for second time
Brookfield Returns NYC’s Historic Brill Building to Lender
At its peak in 1962, the Brill Building was home to 165 music businesses. Continue Reading Brookfield Returns NYC’s Historic Brill Building to Lender
Canadian Housing Starts Up in June
Toronto and Vancouver accounted for 47% of total housing starts in Canada’s urban centers during June. Continue Reading Canadian Housing Starts Up in June
New York Fed Study Finds Rising Level of Loan Application Rejections
The rejection rate for mortgages in June was 13.2%, up from 10% in February. Continue Reading New York Fed Study Finds Rising Level of Loan Application Rejections
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Hits and Misses for the Real Estate Week of June 22-26- HUD and VA Announce $33 Million Funding to Support Over 2,500 Homeless Vete…
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