News
Tesla Rival Files for Bankruptcy After Failing To Make a Single Sale
Real Estate Forecast: These Home Types Are Likely To Decrease in Value in 2024
Prominent NYC Real Estate Developer Charged in $86M Fraud Scheme: DA
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
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. 
A Growing Number of Millionaires Are Now Choosing to Rent Over Buying a Home: Study
The number of millionaire renters across the country nearly tripled from 2020 to 2022. A growing number of millionaires across the United States are now choosing to become renters instead of purchasing a home, according to a study. 
Federal Reserve Said It’s Not Ready To Cut Interest Rates Even as Inflation Cools
The federal reserve began hiking interest rates in March 2022 in hopes of curbing the rising inflation. 
One Official Involved in $2M NYC Corruption Scandal Was Suspended After Naked Zoom Call
New details have emerged about some of the 70 NYCHA employees involved in the $2 million bribery scandal, including one who was suspended for appearing naked in a work-related call. 
More States Are Now Using Medicaid Funding To Address Housing Crisis
At least 20 states are now allocating Medicaid funds to pay for housing or cover the rent of homeless patients. 
More Than 30% of Real Estate Agents Say Politics, Gun, and Abortion Laws Affected Where Home Buyers Are Relocating: Redfin
Real estate agents said home buyers are relocating to places where the laws align with their views or locations where neighbors share similar political views. 
Real Estate Fraud Cases Are on the Rise; Losses Exceed $70,000 – Report
One in 10 Americans have been targets of real estate fraud in 2023, according to a wire fraud protection company. 
70 Current and Former Employees of NY Public Housing Authority Charged in Historic Corruption, Extortion Case
The NYCHA employees pocketed over $2 million in cash payments for no-bid repair contracts. Federal prosecutors in New York on Tuesday unsealed bribery and extortion charges against 70 current and former employees of the New York City Housing Authority (NYCHA) for allegedly pocketing over $2 million in cash payments for no-bid repair contracts. 
Small Banks Will Likely Close Due to Commercial Real Estate Weakness: Fed
Federal Reserve Chair Jerome Powell made the grim prediction during a "60 Minutes" interview.
