Multifamily building permits have dropped 30% since 2021: Redfin

Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday. Between 2021 and 2023, builders filed an average of 18 permits to build multifamily housin… Continue reading

Suburban Chicago homeowner hit with $30K property tax bill in error

Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1 million from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30,000. Continue reading

Feds want to expand their control over real estate sales to foreigners

A proposal would expand an existing rule and give the “Committee on Foreign Investment in the United States” power to review real estate sales near 56 military installations in 30 states. Continue reading

Alexander brothers rape allegations draw scrutiny from FBI

Women who claim to be victims of the Alexander brothers, or witnesses to alleged assaults, have been approached by agents from an FBI task force, “The Wall Street Journal” reported Tuesday. Continue reading

CoStar censured for claims made about traffic in Homes.com ads

The Better Business Bureau National Programs’ National Advertising Division has recommended that CoStar Group’s residential portal Homes.com ceases using claims that it has double the traffic of Realtor.com in its ads. CoStar Group has complied with th… Continue reading

Lamacchia Realty buys Berkshire Dream Home in Massachusetts

The deal marks the seventh purchase in 12 months for Massachusetts-based Lamacchia Realty as it signals acquisitions across New England in 2025. “I want to triple that in the next 12,” CEO says. Continue reading

Rapidly growing Real Brokerage surpasses 20K real estate agents

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon. Continue reading

Embrace innovation in real estate: A call to action for industry leaders

The future of real estate lies in our industry’s ability to innovate, adapt and align our brands with the evolving market landscape, PR and marketing expert Molly McKinley writes. Continue reading

Kevin Sears opens up about NAR, the DOJ and a hectic year of travel

In his six months as president, Sears has racked up time in Washington with the DOJ, focused on the trade organization’s future and traveled — a lot. He shared his takeaways with Inman ahead of ICLV. Continue reading