News
Office-To-Residential Conversions Rose By 350% Since 2021: Report
NYCHA May Now Be Required To Disclose All Public Housing Contracts Following $2M Bribery Scheme: Report
A Growing Number of Millionaires Are Now Choosing to Rent Over Buying a Home: Study
EDITOR'S PICKS
-
Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
-
Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
-
How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
-
What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
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. 
China Rolls Out New Property Relief Measures Following Evergrande’s Liquidation
Beijing rolled out a new loan worth $46 million to a state-backed development in a bid to support real estate companies eligible for credit, debit, and equity financing. 
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. 
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. It is virtually impossible for first-time buyers to purchase a home amid soaring house prices and mortgage rates, according to an analyst.
