New-home sales fall abruptly in February for first time in 3 months
Sales of newly built homes slipped a modest 0.3% between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the US Census Bureau
by Ben Verde Mar 25
NYC landlord with 700 safety violations starts 60-day jail stint
New York City's worst landlord, Daniel Ohebshalom, has been sentenced to 60 days in jail for 700 safety violations, including faulty plumbing and electrcity, mold and recurring rat infestations
by Marian McPherson Mar 22
Landlords pull plug on renter incentives ahead of spring
A new Zillow analysis on Wednesday revealed a slowdown in rental concessions ahead of a busy spring and summer leasing season. Only 32.2% of rentals advertised incentives in February
by Marian McPherson Mar 20
Trump son-in-law Kushner pursues overseas real estate deals
Jared Kushner, husband of Ivanka Trump, is pursuing deals in Albania and Serbia even as his father-in-law runs for president. Some observers say the situation raises red flags
by Ben Verde Mar 20
In ‘shocker’ of a vote, Chicago transfer tax hike headed for defeat
The key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100M through a tax hike on real estate sales
by Taylor Anderson Mar 20
Bess Freedman says Trump is too late to sell Mar-a-Lago for bond
Mar-a-Lago may be worth hundreds of millions, the Brown Harris Stevens CEO said, but there's certainly not 'enough time' to offload it by Monday when Trump's $454M bond is due
by Lillian Dickerson Mar 20
Challenge to New York property tax system moves forward
An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was erroneously dismissed
by Ben Verde Mar 20
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by Chris LeBarton Mar 20
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
Technology is the 'great equalizer' for accidental landlords
With new and evolving software solutions, multifamily expert Andy Larson writes, landlords thrive in the rental market by letting automation, big data and smart spaces do much of the heavy lifting
by Andy Larson Mar 19
Blackstone president: Now it's time for real estate investors to pounce
Jon Gray described the current market as a 'bottoming period' that should inspire investors to get moving on new purchases and said those who move fast stand to be rewarded once prices recover
by Ben Verde Mar 18
Hilton heads back to campus with $210M Graduate Hotels acquisition
Hilton Worldwide Holdings has agreed to pay $210M for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns
by Ben Verde Mar 14
Illinois Supreme Court says Chicago tax hike can move ahead
A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot
by Taylor Anderson Mar 13
Jail ahead for ‘worst landlord on this planet’ over squalid rentals
The sheriff has been ordered to arrest a landlord twice named worst in New York City and bring him to Rikers Island for up to 60 days over hundreds of building violations
by Taylor Anderson Mar 13
Zillow economist identifies 11 cities primed for real estate investors
Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years
by Ben Verde Mar 12
How to combine short, medium and long-term real estate investments
SparkRental co-founder G. Brian Davis on why you need to balance your portfolio with a variety of investment styles and terms
by G. Brian Davis Mar 12