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Property

Commercial property, construction and zoning in New Jersey, New York and Ohio.

Property

Surging jobsite raids put 370,000 new home completions at risk

Builders face massive risks with 370,000 homes waiting for finish work. Immigration enforcement raids and labor shortages disrupt critical jobsite crews. Delays trap money and threaten builder cash flow before winter hits.

Thursday, October 22

Related secures $750 million loan to refinance Manhattan Plaza and extends Section 8

Related Companies just refinanced Manhattan Plaza with a $750 million loan. Wells Fargo, the major bank, provided the money for the huge property. The deal also locks in Section 8 housing for another 20 years. Rents will stay affordable for local artists and musicians living there.

12:16am ET

Monday, October 19

Opendoor launches Own shared-equity pilot in North Carolina with 2% down and fixed payments

Opendoor launched a new shared-equity pilot in North Carolina called Own. Qualified buyers pay 2% down and a fixed monthly payment for five years. Eligible homes are limited to Opendoor properties priced up to $750,000. Applicants need a minimum 660 credit score and $60,000 annual income.

4:44pm ET

Thursday, October 15

HUD spotlights New York and New Jersey modular and manufactured home builders

Federal housing officials visited new modular structures on the National Mall. New York and New Jersey companies showed cheaper ways to build homes. These new building methods aim to lower high construction costs. Better technology could soon help families find affordable housing faster.

10:48am ET

Tuesday, October 13

History Maker Homes sold to Century Communities after 75 years

The Mitchell family just sold their homebuilding business. They built 25,000 homes over five generations in Texas. They kept their land development and rental companies instead. This move shows a major shift in real estate strategy. You should check if your own business model is efficient.

8:04am ET

Friday, October 9

Benutech study finds 22 percent of reverse mortgages have title errors

Reverse mortgage records are often dangerously outdated. Benutech checked 35,000 loans for accuracy. Over 10 percent had major title discrepancies. Some borrowers moved or passed away silently. Lenders are missing these critical property changes.

2:01pm ET
A large white colonial house with a wraparound porch and green lawn

Thursday, October 8

HUD plans to allow factory-built homes without permanent metal chassis

The federal government is finally updating its outdated housing rules. They want to allow homes built without a permanent metal chassis. This change helps builders create multi-story homes in busy neighborhoods. It could make factory-built housing much more common and cheaper.

5:05pm ET
Wood-framed new homes under construction on a residential street

Why the condo sale next door may not be the best comp

Check your condo comps before you price that deal. Two units on the same floor can have totally different buyers. Distance inside a building does not equal distance on the map. Fannie Mae rules put actual buyer behavior above geographic proximity.

10:09am ET
An empty sunlit apartment room with wood floors

Compass moves all title and escrow operations to Qualia platform

Compass just overhauled its back end. They are moving every title operation onto Qualia. Old systems from the Anywhere merger are gone. The rollout finishes by 2027 and multiplies Qualia's footprint fivefold.

9:03am ET
Two people's hands over a clipboard as one signs loan paperwork

Wednesday, October 7

HUD opens civil rights probe into Wells Fargo mortgage programs

Wells Fargo is one of the biggest banks in America. HUD says their race-based mortgage programs may violate federal housing laws. The bank promised $60 billion in home loans back in February 2017.

5:14pm ET
A newly built single-family house with a driveway and lawn

Greater Baltimore Committee organizes lenders for $100 million housing fund

The Greater Baltimore Committee is organizing lenders for a new $100 million private capital fund. The fund targets vacant properties in Baltimore, Maryland, aiming for a November launch. Enterprise Community Partners is helping build the investment framework.

3:02pm ET
Aerial view of a suburban neighborhood of single-family homes

Tuesday, October 6

Champion Homes buys Timberline Homes to expand direct retail sales

Champion Homes is a major manufactured homebuilder expanding its retail network. The company announced the acquisition on Monday for an undisclosed price. This is their third retail purchase in roughly a year and a half. The deal pushes their company owned stores to at least 104 locations.

8:04pm ET
A hand holding a set of house keys beside a staircase

Mortgage rates near 8%

HousingWire Data shows 30-year conforming rates averaged 7.63%. Lenders cite weaker demand and margin pressure. Some firms announce layoffs and office closures.

2:10pm ET
Hands using a calculator over loan documents on a desk

Tuesday, September 22

Ohio's top court takes a data-center measure off the ballot

A citizen zoning measure is off Wilmington's ballot, while a federal notice ruling keeps the $4 billion campus's site plan frozen.

4:41am ET
Detailed image of illuminated server racks showcasing modern technology infrastructure.

A $3.26 billion power line and the rule that spread the cost

Albany certified a 90-mile line from Long Island to Westchester. The cost is split statewide by power used, not by who benefits.

4:04am ET
A towering electric transmission structure set against a bright blue sky with scattered clouds.