Real estate News
Fire survivors can use this new portal to rebuild faster and save money
People who lost homes in the Palisades and Eaton fires can now go online to pick vetted residential templates that could save them money and be ready as early as next year. Builders Alliance, a nonprofit organization formed in response to the ...
New law clarifies homeowner foreclosure protections provided by mortgage servicers
Why this article matters: Stay up to date on all the latest legislation influencing the real estate and mortgage industry.Recall the Homeowner Bill of RightsThe California Homeowner Bill of Rights (HBOR) was signed into law in 2012 at the tai...
Earnest Money vs. Option Fee
Key takeaways Earnest money and option fees are both payments buyers make when submitting an offer on a home, but they serve different purposes. Earnest money shows a buyer’s commitment and is applied toward the purchase at closing. ...
Beverly Hills 100% Affordable Senior Project Moves Ahead
An all-affordable senior housing complex in Beverly Hills is a step closer to becoming reality.The City of Beverly Hills voted Wednesday to enter into a one-year exclusive negotiation agreement with nonprofit developer West Hollywood Community ...
Crystal Hudson Backtracks On Real Estate Donations
Brooklyn Councilmember Crystal Hudson appears to have been caught with real estate cash.A leading contender in the New York City Council speaker race, Hudson took campaign cash from real estate players while publicly pledging not to, the New Yo...
How Much Is Earnest Money in Texas?
Key takeaways: If you’re buying a home in Texas, you’ve probably heard the term earnest money, the deposit that shows a seller you’re serious about your offer. In most cases, earnest money in Texas ranges from 1% to 3% of the hom...
In historic vote, L.A. caps rent increases for rent-stabilized apartments at 4%
Los Angeles strengthened its rent stabilization law for the first time in 40 years Wednesday, setting a 4% ceiling on annual rent increases for a massive portion of the city’s housing stock. The historic vote by the L.A. City Council will he...
DRE warns of email hackers committing wire fraud
Why this article matters: With its singular role in the industry, the DRE outlines the most common types of fraud experienced in the California real estate market.Real estate fraud gone electronicIn a recent consumer alert, the California Depar...
