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Facts: The owner of their principal residence encumbered by a short term second mortgage and a rent-a-room tenant paying rent under a leasing agreement files a petition for Chapter 13 bankruptcy protection. The property value is insufficient to...
Alex Sapir’s Sapir Corp has filed for insolvency, saying it can no longer meet its bond payments or cover operating costs.The Israeli company that owns the Nomo Soho hotel in Manhattan filed a petition in Tel Aviv-Jaffa District Court request...
Mortgage origination in 2025 is all about balance between automation and personal connection, speed and long-term strategy. While referrals and repeat clients remain core drivers, buying mortgage leads and investing in lead generation have...
Social media dragged the buyer of multiple Malibu lots through the mud after the deals were first reported back in August.Catcalls over the would-be builder’s bulk buys, and mistaken presumptions of the ethnicity, wasn’t the response El Seg...
California voters could soon be asked to usher in a major overhaul of the state’s landmark environmental law, a proposal aimed at expediting crucial infrastructure projects, including housing construction, by creating new deadlines for envir...
Why this article matters: Bigger broker offices are yet to initiate any effort to comply with the paradigm shift mandated by California’s 2024 contract-law anti-price fixing legislation for brokers expecting a fee for representing a buyer. Th...
The city has seen a spate of announcements for new sauna and spa concepts. The most recent is Lore, a so-called “bathing club” in Noho that opened last month. At the same time, Othership, whose Flatiron location offers both classes and ra...
Fame, but no fortune? I recently wrote about two pieces of real estate that once upon a time each had a moment in the sun: A beachfront mixed-use property that was home to Snapchat and synonymous with the social media company’s rise, and an ...
The week in New York City, real estate was all about trouble: who’s been in it before, who’s in it today and how to avoid it in the future.For Eli Karp, trouble arose this week. Madison Realty Capital took over his Flatbush property at 1580...
The U.S. housing market finally favors homebuyers, but few can afford it
It’s a buyer’s market, meaning buyers have the upper hand. Following the pandemic-fueled seller’s market in 2021, sellers now outnumber buyers by over 500,000 ...