Federal home loan banks push back against increases to affordable housing grants
By David Holtzman CoStar News Summary: Critics argue that the federal home loan banks are not doing enough to address the housing crisis, despite generating $725 million last year for affordable housing. The 11 banks resist efforts to increase their...
This $5 Billion Project Was Going To Start With Offices. Then the Developer Had Another Idea.
By Tony Wilbert CoStar News Summary: CIM Group adapted its $5 billion development plans for Centennial Yards in downtown Atlanta by shifting focus from office buildings to hospitality, a move deemed essential for success by Brian McGowan, CIM’s Centennial Yards...Minneapolis’ Second-Tallest Tower Handed Back to Lender After Failing To Land a Buyer
Lee County allocates $41.6M in federal money for affordable housing
Author: David Dorsey, Gulfshore Business Published:May 28, 2024 Summary:Six Lee County apartment complexes will receive about $41.6 million in combined funding for repairs and rehabilitation from Hurricane Ian damage. The money comes from the federal government’s...
House Flippers Find Success Despite Tough Market Conditions
In a challenging market where historically low inventory meets soaring mortgage rates, some independent house flippers are finding success and remain optimistic about the industry’s future. Despite a recent decline in gross profits and the number of single-family home flips, sentiment among flippers suggests a strong sales environment and anticipation of further market improvement, driven by low resale inventory and expectations of a federal funds rate cut. While some regions face weaker markets than others due to factors like competition from homebuilders, smaller real estate investors are adapting and thriving, buoyed by their agility and local market knowledge. Additionally, a shift towards renting flips instead of selling them indicates a potential strategy change among flippers, influenced by factors like rising single-family rent and home prices.