Latest Real estate News
NYC considers ending broker fees for tenants, angering real estate industry
NEW YORK (AP) — It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate broker, even if that person was hired by the landlord. The hefty...
WeWork has emerged from bankruptcy. What's next for the co-working office space provider?
NEW YORK (AP) — WeWork has officially emerged from bankruptcy. And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success. Once a Wall Street darling promising to revolutionize the world of work, WeWork took a stunning...
Maui Council budgets $300,000 to study impacts of eliminating 7,000 vacation rentals
LAHAINA, Hawaii (AP) — Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and runs the...
Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
NEW YORK (AP) — Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It's where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior...
Ares Commercial Real Estate: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Thursday reported a loss of $12.3 million in its first quarter. The New York-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 62 cents per...
Angel Oak: Q1 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Tuesday reported first-quarter earnings of $12.9 million. The Atlanta-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share. The...
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. The online brokerage and real estate services...
Newmark Group: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Newmark Group Inc. (NMRK) on Friday reported a loss of $16.3 million in its first quarter. The New York-based company said it had a loss of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share. ...
NexPoint: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported a loss of $14.1 million in its first quarter. On a per-share basis, the Dallas-based company said it had a loss of 83 cents. Losses, adjusted for non-recurring costs and stock option...
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
LOS ANGELES (AP) — A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold...
