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Sharon Butler in her studio. She’s moving out after ten years in a subsidized-rent program run by Two Trees. Photo: Adriane Quinlan When the developer David Walentas started buying old warehouses and factories along the Brooklyn waterfront in the 1980s, the tenants included artists. He let some stay at low rates, even as he became the biggest landlord in the neighborhood that would eventually be named Dumbo. Some even paid rent with paintings. “We want to maintain artists in the neighborhood,” Walentas said in 2002. And when asked whether he planned to kick them out, he explained: “I don’t need…

There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit. DOJ notes in the filing that it did not participate in the litigation or in the negotiation of the proposed settlement. “The United States continues to scrutinize policies and practices in the residential real estate industry that may stifle competition. Competition in real estate is critical and homeownership is a key component of the…

The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. The cycle continued in May, as inflation eased more than expected, dropping to 3.3% from the 3.4% annual increases seen in March and April. These positive signs were followed by a long-awaited dip in mortgage rates, which fell for four consecutive weeks through the end of June. However, despite this decrease in rates, they remain elevated. In combination with high rates, supply constraints continue to result in high housing costs, placing further pressure on affordability. Americans continue to grapple with these fluctuating economic indicators, making the decision…

In this HousingWire executive conversation, Chris Kennedy, Director of Sales and Business Development at RiskSpan, explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. He stresses the importance of optimizing recapture workflows in the new market with new tools and strategies. Following that, Kennedy introduces RiskSpan’s unique strategies and tools. One such solution includes the Edge Platform—designed to survey loan portfolios and identify recapture opportunities based on current mortgage rates. Kennedy also highlights how RiskSpan empowers lenders by automating recapture report delivery and managing data. HousingWire: Recapturing represents a valuable opportunity…

U.S. single-family rental properties posted rent-price growth of 2% during the year ending in September 2024, according to a recent CoreLogic report. That’s down from annual growth of 2.4% in August. The property data and solutions company reported that the year-over-year gain was well below the pre-pandemic single-family rental (SFR) growth rate of 3.5%. Detached rentals — or standalone properties — saw rent growth decline to 2%. This marked two straight months of declining price growth for detached rentals after annualized increases of 2.6% in July and 2.3% in August. “Single-family annual rent growth slowed in September to the lowest…

Despite the year’s challenges, Century 21 is focusing on the bright side with its latest ad campaign, “The Joy of Home.” The campaign includes a one-minute commercial, five print and digital ad variations and two Times Square billboard placements, which will go live on Nov. 25. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Joy has been a difficult…

The Bel-Air home, built by Los Angeles architect Robert Byrd, saw a price reduction from $12.95 million to $9.5 million, and is set to go to auction next month if it remains unsold. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Tesla CEO and prospective Trump efficiency czar Elon Musk’s former Los Angeles home, once owned by the late…

The amended complaint reiterates the allegation that Move “incurred costs exceeding $5,000 as a result of Mr. Kaminsky’s unauthorized access to Move’s protected computer systems” and adds details regarding those damages. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Move Inc. has kept its legal battle against CoStar Group and former Realtor.com employee James Kaminsky alive this week in…

Inman Connect is moving from Las Vegas to San Diego in 2025 and it’ll be bigger, better, and bolder than ever before. Join us for Inman Connect San Diego on July 30-Aug. 1, 2025 with the brightest minds in real estate to shape the future of the industry. Reserve your spot today for an exclusive discount. Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman’s Top 5, the most essential stories, according to Inman readers. And don’t miss The Download, our weekly column that breaks down one of the top stories of the week and equips you…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Want to do more in your business? Inman Access offers insights and ideas from industry leaders designed to help you do more every day. NextHome’s Chief Strategy Officer Keith Robinson shares how agents can level up their buyer consultations in the wake of industry changes. Learn how…