News
Mortgage Rates Climb for the Second Week, Home Prices Also Sees Increase
Office Occupancy Soars to Over 50%, May Lead to Shift in Taxes: Report
Pending Home Sales Sees Significant Decline as Mortgage Rates Climb To Highest Since December
EDITOR'S PICKS
-
Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
-
Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
-
How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
-
What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
The lawsuit was filed Wednesday at the Manhattan Supreme Court by a group representing low-income New Yorkers on a variety of legal matters. 
Former Baltimore Prosecutor Convicted on Mortgage Fraud Months After Being Charged With Perjury
The former prosecutor faces up to 30 years on the charge related to mortgage fraud. A former top prosecutor for the city of Baltimore was convicted Tuesday on one count of mortgage fraud. 
New Yorkers Spend Over $10,000 in Upfront Costs for a Rental: Report
The upfront cost of moving in New York increased by 28.7% from the average cost before the COVID-19 pandemic. 
NYCHA Chiefs Repeatedly Rejected Proposals on Curbing Corruption for Years: Report
The Department of Investigation previously warned then-NYCHA Chair Greg Russ about the potential for corruption related to the housing agency's no-bid contract process. 
CoStar Group Poured Nearly A Billion Dollars Into Super Bowl Ads for Homes.com and Apartments.com
The group debuted four high-gloss commercials during Sunday night's broadcast of Super Bowl LVIII. 
Tesla Rival Files for Bankruptcy After Failing To Make a Single Sale
Tesla's rival EV manufacturer had a valuation of $13 billion when it first launched on the Nasdaq stock market in 2021. 
Real Estate Forecast: These Home Types Are Likely To Decrease in Value in 2024
The market value of some homes may see a decline in 2024 as the real estate market evolves. As the real estate market evolves and trends change, there are several types of homes that may see their market values decrease in 2024. 
Prominent NYC Real Estate Developer Charged in $86M Fraud Scheme: DA
The real estate developer also allegedly defrauded the city $15.6 million in unpaid property tax. A prominent New York real estate developer has been arrested and charged in connection to a fraud scheme worth $86 million, according to the Manhattan District Attorney's Office. 
Office-To-Residential Conversions Rose By 350% Since 2021: Report
The office industry has $150 billion mortgages due this 2024. The number of officers converted to residential units has increased by 357% since 2021 as more companies adopted a "work-from-home" model, and office mortgages are set to be due this year. NYCHA May Now Be Required To Disclose All Public Housing Contracts Following $2M Bribery Scheme: Report
The new bill would require the NYCHA to disclose information about the services it is procuring and the identities of the parties involved in the transaction.
