News
Jennifer Lopez and Ben Affleck’s $68 Million Mansion Still Up for Sale 100 Days After Initial Listing
Down Payments Now Dropping From Historic Highs, Giving US Homebuyers Relief
Qatari Government Buys NYC Condo for $9.8M, Further Expanding Its Real Estate Portfolio
Mortgage rates averaged 6.08% in the week after the Fed cut its interest rate. It has since risen to 6.44%. 
Billy Joel Finally Finds Buyer for Florida Mansion for $42M After Cutting Asking Price by $22M
Billy Joel initially listed his mansion with an asking price of $64.9 million in 2022. He slashed the price numerous times after failing to find a buyer. 
Floyd Mayweather Jr. Expands NYC Apartment Portfolio With 1,000 Units as Part of $402M Deal
Mayweather Jr. allegedly plans to offer affordable housing units to families struggling to get by in New York City. 
California Now Home to 7 Most Expensive Zip Codes in the US: Report
A real estate data firm studied US real estate markets with the aim of determining which zip codes have the most expensive homes. 
Katy Perry's Property Battle Faces New Twist After Major Water Leak in $15M Mansion
Katy Perry's legal battle over a disputed property faces new challenges as a severe water leak is discovered, delaying the final phase of the court case. 
Democrats Call for Biden To Improve US Housing Affordability Before He Leaves Office
Lawmakers are pressing Biden to "take further action" to improve US housing affordability, including protecting renters from corporate landlords. 
10 US Cities Where Investors Can Find Reasonably Priced Homes
The high cost of homeownership has pushed buyers out of the market. However, some cities still offer reasonably priced homes for real estate investors. 
Nearly 90% New Orleans Homes Have High Levels of Lead in Tap Water, Some Exceeding Action Levels
A local nonprofit tested 114 homes in nearly 40 neighborhoods in New Orleans and found lead in the water of 88% of properties. 
US Office Market to Experience Massive Distress, May Lead Owners To Convert Offices to Residential Housing
Experts believe landlords will launch fire sales of office towers, which could spark a wave of office-to-apartment conversions. 
True Value Files for Chapter 11 Bankruptcy After Weak Housing Market Leads To Declining Sales
The hardware wholesaler True Value will be bought by rival Do It Best for $153 million in cash. Wholesale hardware retailer True Value has filed for Chapter 11 bankruptcy after more than seven decades after opening its doors.
