Latest Real estate News
NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords
NEW YORK (AP) — Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city's real estate lobby. Under a system that exists in New York...
Ares Commercial Real Estate: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Thursday reported a third-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier. On a per-share basis, the New York-based company said it had a loss of 11 cents....
Newmark Group: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Newmark Group Inc. (NMRK) on Tuesday reported earnings of $17.8 million in its third quarter. On a per-share basis, the New York-based company said it had profit of 10 cents. Earnings, adjusted for non-recurring costs, came to 33 cents per share. ...
NexPoint: Q3 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported profit of $23.3 million in its third quarter. The Dallas-based company said it had profit of 74 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to...
KKR Real Estate: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Monday reported a loss of $7.4 million in its third quarter. On a per-share basis, the New York-based company said it had a loss of 19 cents. Earnings, adjusted for non-recurring costs and stock option...
Takeaways from AP's reporting on how Arizona voters view the economy with the election close at hand
MESA, Ariz. (AP) — The Arizona economy by many measures is flourishing, but it doesn't feel that way for a lot of voters in the presidential battleground state as they consider their choices on Nov. 5. Voters are hearing Democrats and Republicans promise to help the middle class if...
China's economy grows at a 4.6% rate in the last quarter, falls short of the official 5% target
HONG KONG (AP) — China's economy expanded at an annual rate of 4.6% in the July-September quarter, the government said Friday, in the latest evidence that recent efforts to rev up growth have yet to take hold. The world’s second largest economy slowed from 4.7% annual growth in...
China's economy softens in August as Beijing continues to grapple with lagging demand
BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. Data published by the National Bureau of Statistics Saturday showed weakening activity across...
Federal agency cracks down on a predatory lending practice that often hurts Somali Muslims
For years, Fartun Weli has been frustrated with the way low-income Somali Muslims in Minnesota have been targeted by shady home sellers edging their way into the community -- by exploiting a principle of Islam meant to protect the poor. Weli says many are refugee immigrants who know...
Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller
If Texas wants to rein in its high housing costs, it needs more homes, Texas Comptroller Glenn Hegar’s office said Tuesday — the latest sign that the state’s high home prices and rents have become a growing concern for the state’s top officials. Homebuilding in Texas didn’t...
