The ever-growing amount of equity seniors hold in their current homes is likely contributing to another phenomenon, as more owners are passing their property onto their heirs, who are keeping it as a place to live. Processing Content Americans 62 and older as a group now hold $14.66 trillion of total equity as of the […]
Record senior equity shifts to heirs, not the open market Read More »
The rent stabilization bug has hit Providence, RI. Municipal officials there are jumping on the bandwagon with other cities and states whose local officials have adopted or are weighing the policy as a housing affordability strategy. Providence City Council President Rachel Miller, alongside council allies, introduced an ordinance this week that would cap most annual
Providence mulls 4% rent cap as national rent control debate boils Read More »
A group of Pennsylvania lawmakers wants to scrap local limits on shared living in a move that could reopen the door to boarding houses, single-room occupancy buildings, and other shared housing statewide. House Bill 2109 – with support from seven state legislators signing on sponsor a committee vote – would bar municipalities from using zoning
Pennsylvania bill targets local curbs on shared housing Read More »
A federal bankruptcy judge ruled to authorize the sale of 5,100 mostly rent-stabilized units in New York City in a deal that Zohran Mamdani tried to stall on the day he swore in as the new New York City mayor. With the decision, international real estate firm Summit Properties USA will acquire 93 buildings from
Judge approves sale of 5,100 contested rent-stabilized NYC apartments Read More »
New York City Mayor Zohran Mamdani suffered defeat in his first skirmish with multifamily property owners as part of a strategic war to remake the city’s rent-stabilized housing. On Friday, Summit Properties USA became the winning bidder for more than 5,000 rent-regulated units owned by bankrupt Pinnacle Development Group. The sale went through despite Mamdani’s
Mamdani notches a loss in opening gambit to take on NYC landlords Read More »
New York is the latest state to implement a nonbank Community Reinvestment Act, with laws already in place in Massachusetts and Illinois and one pending in New Jersey. Processing Content While it will be a compliance burden for these lenders, at least one nonbank executive also thinks it is an opportunity. A regulation has been
New York joins states imposing CRA on nonbank lenders Read More »
“The Court accepts as true all of the well-pleaded facts in the Complaint and draws all reasonable inferences in favor of Plaintiffs.” So said U.S. District Judge Franklin Valderrama on 12.4.2025. According to Reuters: “A group of companies that lease land for mobile homes has convinced a federal judge in Chicago to dismiss a proposed
There’s no shortage of differing opinions within housing, but one thing most industry professionals can agree on is that affordability is a key ongoing struggle for many prospective homebuyers. Real estate agents and members of the National Association of Realtors (NAR) are on the front lines of this battle, as they work with buyers to
NAR supports major housing reforms in 2026 legislative agenda Read More »
Affordability has become the defining test of political electability today. From housing to groceries, voters increasingly judge candidates by their ability to reduce everyday costs. Virginia Gov.-elect Abigail Spanberger (D) focused on improving affordability during her campaign. To follow through, she rolled out a housing agenda that leans heavily on preservation of existing affordable homes,
Spanberger unveils Virginia housing affordability plan Read More »
Affordable housing developers are entering 2026 with mixed expectations, balancing optimism about long-term demand with immediate concerns over costs and policy shifts. A new TD Bank survey shows that half of affordable housing professionals believe market challenges will affect their deal pipelines next year. They cite high construction costs and tariff-driven price increases as the
TD Bank expresses cautious optimism for affordable housing in 2026 Read More »