Sunday, 05 May 2024

Tag: Real Estate News

Consumer Price Index Reporting Latest Inflation Numbers Released

'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.

zoom room

'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.

Homeless New Yorkers At Odds With City On New Homeless Policy

'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.

EDITOR'S PICKS

'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.

By D. Ong
'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.

By D. Ong
'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.

By D. Ong
'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.

By D. Ong
'Insurance Companies Leaving Fire- And Flood-Prone California

A total of 3.2 million acres of land in California burned due to the wildfires between 2021 and 2023.

By D. Ong
'First-Time Homebuyers Are Being Priced Out of the Housing Market: Analyst

Home prices increased by 5% in 2023 and 50% over the past four years.

By D. Ong
'Office Market in the US May See $1 Trillion of Losses: Expert

Office properties in the United States are now worth only $1.8 trillion, down from a previous valuation of $3 trillion.

By D. Ong
'China’s Real Estate Crisis May Continue To Persist in 2024: Expert

More than 50 Chinese real estate firms, including giants Evergrander and Country Garden, defaulted on their debt since 2021.

By D. Ong
'New York Calls on eXp Realty To Investigate Sexual Assault Allegations From Female Real Estate Agents: Report

The real estate brokerage is currently facing two sexual assault lawsuits.

By D. Ong
'China Evergrande Ordered To Liquidate Amid a Debt of $300 Billion

Evergrande was once China's largest seller of real estate until it defaulted on its offshore debt in December 2021.

By D. Ong
'Judge Bans All Home Renovations in Beverly Hills Over Lack of Affordable Housing

The city of Beverly Hills is now prohibited from issuing new building permits for residential renovations, commercial developments, and any other construction project.

By D. Ong
'Ohio Pastor Sues City After He Was Charged For Opening Church to House Homeless People

The city charged the pastor with 18 counts of violating zone ordinance, lacking a proepr kitchen, and improper ventilation.

By D. Ong