Real estate related news.
Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. What all ADUs have in common is that they're a separate living space typically added to a single-family residential lot, and they're having a moment. Constructing an ADU could increase your property value while [...]
Rebecca Thompson was about to sign a lease for an apartment with a friend in early 2020 when businesses started shutting down because of the COVID-19 pandemic. Instead, the 34-year-old decided to stay with her parents to save money, and with home prices skyrocketing in Dallas, she thought she’d never be able to buy her [...]
For small businesses hoping to establish or expand their brick-and-mortar presence, it may seem like a bad time to sink cash into a commercial property purchase. Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and global conflict. Inevitably, this will [...]
ATLANTIC CITY, N.J. — Two Philadelphia developers want to build a $3 billion housing, office and retail project on the site of a historic former airport in Atlantic City, the latest proposal for one of the largest tracts of buildable land near the ocean on the East Coast. However, the proposal by Tower Investments and [...]
LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in more than a decade. A recent snapshot by the [...]
During the first 10 years of operating throughout Franklin County, the Central Ohio Community Improvement Corporation, or COCIC, has completed projects resulting in preserving or raising property values by at least $320 million, according to a new report. The Franklin County Land Bank today released Changing Neighborhoods, Changing Lives: The First 10 Years of COCIC’s Impact [...]
Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. "I was shocked," said Prophete, who refinanced her two-family home in 2006, six years after arriving from Haiti. "I don't even know these people because they never [...]
OCEAN CITY, N.J. (AP) — It's just one cable meant to bring electricity from an offshore wind farm to a former coal-burning power plant in southern New Jersey, but it symbolizes a big challenge facing the renewable energy industry. The cable has been fought over for nearly three years, with no end in sight in [...]
VAIL, Colo. — There's a narrow swath of sagebrush-covered hillside perched just above Interstate 70 that's home to a Colorado treasure: the bighorn sheep that graze along that steep, craggy terrain. The land could also be used to help solve a chronic problem nearby: a dearth of affordable housing that threatens the future of the [...]
ANTIOCH, Calif. — Kim Carlson's apartment has flooded with human feces multiple times, the plumbing never fixed in the low-income housing complex she calls home in the San Francisco Bay Area suburb of Antioch. Her property manager is verbally abusive and calls her 9-year-old grandson, who has autism, a slur word, she said. Her heater [...]