$85M in funding for HUD will reduce barriers, such as zoning restrictions, that have “become a hurdle to increasing the supply and density of affordable housing.” WASHINGTON – The White House is taking steps aimed at increasing the supply of affordable housing while also bolstering protections for renters. The housing measures announced Thursday include providing … Read more
While properties under HUD may be directly affected, five federal agencies “strongly encourage” some changes, such as a public posting of renters’ rights. WASHINGTON – In January, President Biden released the Blueprint for a Renters Bill of Rights, which outlines principles and best practices at the federal, state and local level to strengthen tenant protections and … Read more
In 2Q 2023, Fla. remained a top go-to state, with the lion’s share relocating from New York, but Chicago provided more buyers for Cape Coral, No. 7 on the list. SEATTLE – A record one-in-four national homebuyers (25.5%) searched for homes in metros outside their current state in the in the second quarter, up from … Read more
A very general rule of thumb: Half an agent’s income should come from representing sellers. If that’s not you, here are things to consider. NEW YORK – Real estate professionals should ensure that at least half their business comes from listings. Obstacles they may face include: Insufficient market knowledge: When working with listings, agents need … Read more
Observers looked for clues on whether the Fed will raise interest rates again later this year, and the Fed seemed to imply it was likely, but not a sure thing. WASHINGTON – The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by another 0.25 percentage point following a pause in June, recognizing the … Read more
Confident Americans spend money, and July’s confidence index rose to 117.0 from 110.1 in June. Outlooks rose for both current conditions and future expectations. BOSTON – Consumer confidence hit its highest level in two years – since July 2021 – after the second straight month of increases. In July, the Conference Board Consumer Confidence Index … Read more
What’s happening today that will influence the commercial RE market tomorrow? The rise of e-commerce, evolving work models, repurposing, new technology and more. NEW YORK – The commercial real estate sector is constantly evolving, shaped by economic shifts, interest rate movements, technological advancements and disruptions like the pandemic and changing consumer behaviors, with forecasters predicting … Read more
Housing recoveries often trail recessions, and positive signs – builder optimism, rebounding prices, more investment – suggest a corner may have been turned. NEW YORK – A recession in the U.S. housing market could already be in the rearview mirror: The National Association of Home Builders reported that its July index of industry sentiment rose … Read more
After paying off debt, some older adults use cash or debit cards and avoid debt completely – but that may lower their credit scores and cause other headaches later. NEW YORK – Getting rid of debt before retirement is often a good idea. Getting rid of your credit scores? Not so much. People who stop … Read more
AI will play a bigger and bigger legal role, such as streamlining research and preparing decision drafts – but it can’t yet substitute for judges and trials. TAMPA, Fla. – In May 2023, I was part of a panel that gave a presentation at the London Market Association’s Property Insurance Claims Group’s (PICG) Annual Conference. … Read more
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