Family affair: Wife, husband, and daughter all jailed for $20M mortgage fraud
Three members of a California family who ran a foreclosure company will spend more than 45 years in jail, collectively, after each was found guilty of participating in a $20 million mortgage fraud scheme that preyed on financially distressed homeowners. A...
More young families opt to rent instead of buy
More young families chose to rent instead of buy in the 10-year span from 2006-2016, according to a study by RENTCafé. Likely influenced by rising home prices, tough lending rules and a lack of entry-level homes, the number of families with minor childre...
These are the best and worst markets for first-time homebuyers
WalletHub, a personal finance website, assessed factors like housing affordability, tax rates and crime rates to determine the most favorable housing markets for first-time homebuyers. As more Millennials become potential homebuyers, some of these markets...
Want to save up for a home? Say goodbye to 54% of your income for 6 years
According to research from Zillow affiliate Hot Pads, it will take the average U.S. renter more than six years to save up for a 20% down payment on a home. With rent now taking up an average of 34% of a renter's income and home prices on the rise, the dre...
New York City proposes sweeping new rules for security deposits
New York City is in the middle of an affordability crisis, and now, the city is proposing sweeping new rules to address one piece of the affordability crunch that often stands in the way of renters finding a quality apartment or moving to a new one – th...
Roostify adds three members to its leadership team
Roostify is expanding its leadership team to support its growth, adding Syed Ijaz as chief customer officer, Kevin Levitt as vice president of sales and Eric Drattell as general counsel....
Top housing trade groups urge Congress to extend National Flood Insurance Program
This week, more than 20 of the top housing trade groups urged Congress to extend the National Flood Insurance Program. In a letter sent to Congressional leadership on both sides of the aisle, the organizations warn Congress that failure to reauthorize the...
HUD grants $43 million in effort to end youth homelessness
In an effort to end youth homelessness, HUD announced it is awarding $43 million to 11 local communities. These communities include five rural areas, and the funds will be dispersed through HUD’s Youth Homelessness Demonstration Program. Here’s where ...
Growing number of Americans say now is a bad time to buy a home
There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, a...
Which city is Texas' hottest multifamily market?
The multifamily real estate market in Texas is hot right now. But which city shines the brightest of all? It's probably not the one you think. Want to know which one tops the charts? Click through and find out....