Finance & Mortgage

Rent Industry, Like Real Estate, is Aggressively Climbing

The United States real estate industry has truly found its firm footing since it hit rock bottom in 2012. According to Realtor, aside from home buying, renting is also growing rapidly as it pushes upward very aggressively across the nation since it hit the lowest in 2009. In the second quarter alone, the increase this year is 3.6% higher than last year. The growth is steadily at 4% since the 2009 tragedy.

Affordable housing units in New York made available with banking agreements

The funding will be in the form of low interest loans to rehabilitate rentals in New York and nearby areas, according to NY Attorney General.

Powerhouses Merge - Chambers Street Properties Merge With Gramercy Property Trust

Chambers Street Properties to merge with Gramercy Property Trust Inc., creating the largest U.S. industrial and office net lease real estate investment trust.