U.S. Housing Market
Southern Impression Homes is Now Constructing 7 Build-to-Rent Properties Across Florida
“The creativity and flexibility we bring to the table is unmatched,” says Chris Funk, President and CEO of Southern Impression Homes. Continue Reading Southern Impression Homes is Now Constructing 7 Build-to-Rent Properties Across Florida
NYC Landlord Sued for Turning Rent-Stabilized Apartments into Short-Term Hotel Rooms
The city filed a lawsuit against Mark David Militana, who owns two brownstone buildings on Manhattan’s Upper West Side. Continue Reading NYC Landlord Sued for Turning Rent-Stabilized Apartments into Short-Term Hotel Rooms
California Home Sales at Highest Level Since February
The statewide median home price ticked up 0.4% from $883,640 in September to $886,960 in October. Continue Reading California Home Sales at Highest Level Since February
REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
New listings were up 0.8% from October 2024 but were down by 0.5% from September. Continue Reading REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
New Report Finds Nearly Half of Renters Expect to Buy a Home Within 4 Years
Experian’s report also showed roughly 60% of today’s renters have near-prime or better scores. Continue Reading New Report Finds Nearly Half of Renters Expect to Buy a Home Within 4 Years
State Farm to Drop 72,000 Property Insurance Policies in California
The California Department of Insurance reacted to the news by raising concern about State Farm’s financial health. Continue Reading State Farm to Drop 72,000 Property Insurance Policies in California
Compass in $57.5 Million Settlement Over Commission Charges
HomeServices of America is the only major brokerage that has yet to announce a settlement. Continue Reading Compass in $57.5 Million Settlement Over Commission Charges
Bill Introduced to Remove Squatter Rights in New York
“We’re making sure squatters can’t take advantage of the law, that’s all we’re doing,” said Assemblyman Jake Blumencranz. Continue Reading Bill Introduced to Remove Squatter Rights in New York
Kaplan Launches Buyer Agency Professional Designation
The BAP designation requires an eight-hour live online course. Continue Reading Kaplan Launches Buyer Agency Professional Designation
Home Prices and Sales Up in Pennsylvania
February’s home sales totaled 6,934, up from January’s 6,790 sales and roughly the same from February 2023. Continue Reading Home Prices and Sales Up in Pennsylvania
Crow Holdings Acquires 46-Property Manufactured Housing Portfolio
The portfolio’s properties are spread across Florida, Illinois, Indiana, Missouri, Montana and Ohio. Continue Reading Crow Holdings Acquires 46-Property Manufactured Housing Portfolio
HUD Plans Publicity Tour Trumpeting Biden’s ‘Key Milestones and Accomplishments’ in Housing
HUD Secretary Marcia Fudge previously ran afoul of the Hatch Act in 2021. Continue Reading HUD Plans Publicity Tour Trumpeting Biden’s ‘Key Milestones and Accomplishments’ in Housing
AOC and Sanders Reintroduce ‘Green New Deal for Public Housing’
“We are going to provide decent-quality, affordable housing for millions of Americans,” said Sanders Continue Reading AOC and Sanders Reintroduce ‘Green New Deal for Public Housing’
Mortgage Rates Rise Again, Nearing the 7% Mark
Last week, the mortgage rate averaged 6.74%; one year ago at this time, it was at 6.42%. Continue Reading Mortgage Rates Rise Again, Nearing the 7% Mark
Existing Home Sales Up 9.5%
First-time buyers were responsible for 26% of sales in February, down from 28% in January and 27% in February 2023. Continue Reading Existing Home Sales Up 9.5%
