Items Tagged with 'Real estate'

ARTICLES

  • New York lawmakers stun the real estate industry with rent control redux

    WSJ Editorial Board calls it "a return to the bad old days"
    New York State Senate and Assembly leaders have passed expansive changes to rent control laws that stunned the real estate industry. The state’s governor, Andrew Cuomo, signed the bill on Friday, a day before the existing, more moderate law expired. Legislators won’t have to worry about wrangling over tenant protections every few years, like the old law. The bill makes these changes permanent.
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  • Legendary Wall Street buyout firm KKR doubles down on house flipping

    Billionaires Henry Kravis and George Roberts bet big on "flip loans"
    Legendary Wall Street buyout firm KKR is doubling down on house flipping. The private equity firm run by billionaires Henry Kravis and George Roberts is putting another $250 million into Toorak Capital Partners, which buys short-term loans made to real estate investors who buy and flip houses.
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  • U.S. home values reach a record high of $26.1 trillion in Q1, Fed says

    Home equity rises to the highest level since 2002
    The value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to the Federal Reserve report released Thursday known as the Flow of Funds. Americans owned 60.4% of their homes in the first quarter, measuring the share of their home that was unmortgaged, the highest level of equity since 2002.
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  • Baltimore is the best city for a nurse to buy a home, PropertyShark says

    But in San Francisco, a median-priced home will cost 10 times a nurse's salary
    Baltimore, Maryland, is the best place for nurses to live if they want to buy homes, according to a report from PropertyShark that compares salaries and home prices in cities it designated as medical hubs. "Of our 12 focus cities, only five offer an affordable housing market for nursing professionals – 10 years ago seven were affordable," the report said.
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  • Theresa Hatton becomes CEO of Massachusetts Association of Realtors

    Hatton moves from staff of New York's Hudson Gateway Association of Realtors
    Theresa Hatton, the former director of professional development and industry relations for New York's Hudson Gateway Association of Realtors, started on Monday as the CEO of the Massachusetts Association of Realtors. MAR conducted a five-and-a-half-month nationwide search to fill its leadership role.
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  • Congress passes two-week extension of National Flood Insurance Program

    A pending bill would extend the program through September
    Congress passed a stopgap bill on Thursday to extend the National Flood Insurance Program for two weeks, a last-minute rescue to a program that bolsters home values in coastal and low-lying real estate markets. If the program expired as scheduled at midnight, thousands of home transactions would have been knocked off-track.
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  • This is how much you need to earn to live in America's most expensive cities

    Here's how much cash you need to pull in to live in the priciest U.S. markets
    The most expensive cities to live in are – you guessed it – in California. But how much, exactly, do you have to make in order to afford to live there? A recent study by HSH.com revealed the least and most affordable U.S. cities and what salary you’d need to pull in to live there, and this is what it found.
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  • Hey, Mr. President, what about removing lumber tariffs to make homes affordable?

    Tariffs on Canadian lumber add $9,000 to the price of a new house, NAHB said
    Canadian softwood lumber used to build U.S. homes currently carry tariffs of about 20%. That adds $9,000 to the price of a typical new home and more than $3,000 to the cost of a multifamily unit, NAHB said. At a time when all eyes are on U.S. housing affordability issues, the trade dispute with Canada is "needlessly driving up housing costs," Greg Ugalde, chairman of NAHB, said in a statement.
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  • Real estate startups have raised $1.9 billion in 2019

    Proptech investment is on track to surpass 2018’s $4.99 billion
    Real estate startups, sometimes called proptech for property tech, have raised $1.9 billion from investors this year, an average of about $475 million a month, according to startup tracker Crunchbase. That's up when compared with last year’s $4.99 billion, an average of about $417 million a month.
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  • Housing market continues cooldown

    Home-price growth slows in March
    After accelerating at a steady clip for several years, home-price growth has slowed this spring as the housing market continues to cool down. Home prices increased just 3.7% year over year in March, according to the latest data from CoreLogic, increasing by just 1% from the month before. And, data suggests things won't look any rosier next month.
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