William Raveis celebrates 50 years with an official state proclamation

Governor Ned Lamont on Wednesday proclaimed March 27 “William Raveis Day” in Connecticut as the brokerage celebrated 50 years of service with an unforgettable anniversary bash. Continue reading

Rent is now more affordable than buying in every major US market

Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000. Continue reading

DOJ launches criminal probe into RealPage amid rent-fixing scandal

The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a “price-fixing combination.” Continue reading

New-home sales fall abruptly in February for first time in 3 months

Sales of newly built homes slipped a modest 0.3 percent between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the U.S. Census Bureau. Continue reading

Trump son-in-law Kushner pursues overseas real estate deals

Jared Kushner, husband of Ivanka Trump, is pursuing deals in Albania and Serbia even as his father-in-law runs for president. Some observers say the situation raises red flags. Continue reading

Housing starts leap in February as homebuilders become optimistic

Housing starts rose to a seasonally adjusted annual rate of 1.52 million in February — 10.7 percent higher than in January, according to data released Tuesday by the U.S. Census Bureau. Continue reading

Blackstone president: Now it’s time for real estate investors to pounce

Jon Gray described the current market as a “bottoming period” that should inspire investors to get moving on new purchases and said investors who move fast stand to be rewarded once prices recover. Continue reading

Douglas Elliman doles out Ellie awards for top NYC producers

Douglas Elliman unveiled its annual Ellie Awards this week, singling out brokers who performed well despite challenging economic conditions. Continue reading