Rep. Bush, Sen. Warren introduce bill to reinstate federal eviction moratorium

Rep. Cori Bush and Sen. Elizabeth Warren led a new bill to reinstate a federal eviction moratorium as the coronavirus spreads. The Supreme Court last month shot down a ban put in place by the Biden administration. The bill is unlikely to get through Congress and to Biden's desk. A group of Democrats on Tuesday… Continue reading Rep. Bush, Sen. Warren introduce bill to reinstate federal eviction moratorium

White House welcomes inflation data, still concerned about U.S. housing prices

WASHINGTON (Reuters) – The Biden administration on Tuesday welcomed data showing that consumer prices increased at their slowest pace in six months in August as evidence that inflation would be transitory, citing a drop in auto prices and a deceleration in food price increases.FILE PHOTO: A general view of the White House in Washington, U.S.… Continue reading White House welcomes inflation data, still concerned about U.S. housing prices

Mortgage demand falls to lowest in two months as rates stagnate

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 3.03%. Applications to refinance a home loan fell 3% for the week and were 4% lower than a year ago. Purchase application volume was 18% lower than the same week one year ago. Mortgage rates appear to be stuck… Continue reading Mortgage demand falls to lowest in two months as rates stagnate

National eviction ban has been struck down. What renters need to know

The Supreme Court rejected the CDC's latest eviction ban, leaving the more than 11 million Americans who remain behind on their rent at risk. Yet certain protections still remain, as well as tens of billions of dollars in federal aid. Millions of Americans who remain behind on their rent could now be at risk of… Continue reading National eviction ban has been struck down. What renters need to know

Are you protected under the new eviction ban? Here's what you need to know

A few days after the national eviction ban expired, the CDC has issued a new protection for renters. This time, the rules are a little more complicated, yet about 80% of counties should be covered. Here's what struggling renters need to know. Leopold broke down his bed and his children's bunk beds and packed up… Continue reading Are you protected under the new eviction ban? Here's what you need to know

Are you protected under the new eviction ban? Here's what you need to know

A few days after the national eviction ban expired, the CDC has issued a new protection for renters. This time, the rules are a little more complicated, yet about 80% of counties should be covered. Here's what struggling renters need to know. Leopold broke down his bed and his children's bunk beds and packed up… Continue reading Are you protected under the new eviction ban? Here's what you need to know

New Zealand human rights commission launches inquiry into housing crisis

WELLINGTON (Reuters) – New Zealand’s Human Rights Commission on Monday launched an inquiry into the country’s housing crisis as cooling measures by the government this year have failed to ease a red-hot property market, leaving many people homeless.FILE PHOTO: A view of personal items of a homeless person living on the sides of busy streets… Continue reading New Zealand human rights commission launches inquiry into housing crisis

A historic eviction crisis could be coming to the U.S. in days, this housing expert warns

More than 10 million Americans are behind on their rent, with the national eviction ban about to expire. CNBC spoke with housing expert Emily Benfer about the coming crisis and what its consequences will be for families and the U.S. In this article WMT Most evictions have been banned in the U.S. since last September,… Continue reading A historic eviction crisis could be coming to the U.S. in days, this housing expert warns

U.S. New Home Sales Unexpectedly Plunge To More Than One-Year Low

New home sales in the U.S. unexpectedly showed another steep drop in the month of June, according to a report released by the Commerce Department on Monday. The report said new home sales tumbled by 6.6 percent to an annual rate of 676,000 in June after plunging by 7.8 percent to a revised rate of… Continue reading U.S. New Home Sales Unexpectedly Plunge To More Than One-Year Low

U.S. homebuilder confidence falls to 11-month low in July

FILE PHOTO: A new single family home is seen under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones/File Photo(Reuters) -U.S. homebuilder confidence in the market for single family homes fell in July to its lowest level since August 2020, driven by shortages in both supply… Continue reading U.S. homebuilder confidence falls to 11-month low in July

Recent Commercial Real Estate Transactions

Recent Sale $4.5 MILLION 60 New York Avenue (between Atlantic Avenue and Pacific Street) Brooklyn This four-story, 9,584-square-foot building in Crown Heights contains eight four-bedroom apartments, all occupied. Built in 1931, the building also has a basement. Buyers: Doug Baillie and Pir Granoff of Aperture Holdings Seller: CBZ Management Brokers: Shaun Riney and Daniel Greenblatt… Continue reading Recent Commercial Real Estate Transactions

Emergency housing crisis: Hawke’s Bay hotel earned $1.5m in nine months from emergency accommodation, but it was ‘too much hassle’

A Hawke’s Bay hotel that earned $1.5 million in nine months from housing people in emergency accommodation has stopped because it was “too much hassle”. Figures show that the top two Napier emergency housing providers earned a combined total of $4,324,869 in the nine months to March 2021. In figures released to Louise Upton, National’s… Continue reading Emergency housing crisis: Hawke’s Bay hotel earned $1.5m in nine months from emergency accommodation, but it was ‘too much hassle’

Recent Commercial Real Estate Transactions

Recent Sale $10.85 MILLION 1340 Lafayette Avenue, 749 Whittier Street and 745 Whittier Street (between Longfellow Avenue and Drake Street) The Bronx Wildflower, the company behind Robert De Niro’s Wildflower Studios in Queens, bought this industrial site in Hunts Point from a Long Island company. The sites were last purchased for about $2.3 million in… Continue reading Recent Commercial Real Estate Transactions

Home sales are slowing as climbing prices and a shortage of houses limit buyers.

By Coral Murphy Marcos Sales of homes in the United States fell for the fourth consecutive month in May as a sharp rise in prices and a shortage of houses for sale led to a slowdown in the market. Existing home sales fell 0.9 percent in May from April, the National Association of Realtors said… Continue reading Home sales are slowing as climbing prices and a shortage of houses limit buyers.

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York. By Kristen Bayrakdarian Recent Sale $8.4 MILLION 661 Washington Street (between West 10th and Christopher Streets) Manhattan This five-story, 10,000-square-foot building in the West Village was built in 1910 and has 13 free-market apartments: eight one-bedrooms, one two-bedroom, two three-bedrooms and two two-bedroom duplexes. Five of them… Continue reading Recent Commercial Real Estate Transactions

More than 14% of renters are still behind as national eviction ban comes to an end

Even as the pandemic fades, more than 14% of renters are behind on their rent, according to an analysis by The Center on Budget and Policy Priorities. That means millions could be at risk of eviction when the national moratorium expires this month. More than 10 million Americans, or 14% of U.S. renters, say they… Continue reading More than 14% of renters are still behind as national eviction ban comes to an end

Housing, wages and travel are leading the economic recovery

Home prices in the US continued to climb in April, reaching new highs and rising at the fastest pace on record. The median sale price was a record $341,600 in April, according to a report from the National Association of Realtors. It was the highest median price since NAR began tracking this data in 1999.… Continue reading Housing, wages and travel are leading the economic recovery

April existing home sales drop, marking three straight months of declines

Sales of existing homes dropped 2.7% in April from March The supply of homes for sale at the end of April was down 20%. The median price of an existing home sold in April was $341,600, an increase of 19.1% from April 2020. Sales of existing homes dropped 2.7% in April from March to a… Continue reading April existing home sales drop, marking three straight months of declines

US housing starts drop sharply; building permits rise modestly

How long will housing boom last? Doug Bauer on housing boom, coronavirus  U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials, but construction remains supported by an acute shortage of previously owned homes on the market. Housing starts tumbled 9.5% to a seasonally adjusted annual… Continue reading US housing starts drop sharply; building permits rise modestly

Investors Put Millions Into a Luxury Student Dorm. They Say They Were Ripped Off.

Lawyers, retirees and others who invested their savings in a luxury student dorm say two real estate firms duped them. They’re suing to recoup their money. By Matthew Goldstein Adelaida Martinez was attracted by the opportunity to invest in Skyloft Austin, an upscale student housing complex near her alma mater, the University of Texas at… Continue reading Investors Put Millions Into a Luxury Student Dorm. They Say They Were Ripped Off.

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York. By Sophia June Recent Sale $5 MILLION 78-80 Christopher Street (between Seventh Avenue and Bleecker Street) Manhattan This 12,740-square-foot, five-story building in the West Village has 15 apartments: 10 two-bedrooms and five three-bedrooms. It was built in 1900 and last sold in 1990. Buyer: Sassouni Management Seller:… Continue reading Recent Commercial Real Estate Transactions

Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York. By Sophia June Recent Sale $1.905 MILLION 287 Smith Street (between Sackett and Union Streets) Brooklyn Built in 1931, this 2,640-square-foot, three-story building in Carroll Gardens has two two-bedroom apartments and a store. The property was delivered vacant and had last changed hands in 2002. Buyer: Dawn… Continue reading Recent Commercial Real Estate Transactions

Op-ed: More boomers are choosing to 'upsize' their homes in retirement

Americans in retirement are doing a 180 on housing, as more choose to upsize their residences and enjoy the fruits of their savings labor. According to a recent Del Webb survey conducted among 50- to 60-year-olds, 22% are looking to move to bigger homes. The pandemic has played a role in forcing retiree perspectives to… Continue reading Op-ed: More boomers are choosing to 'upsize' their homes in retirement