DOGE claims to have ‘recovered’ $1.9B in ‘misplaced’ HUD funds

The Department of Government Efficiency (DOGE) claims to have “recovered” $1.9 billion in misallocated Department of Housing and Urban Development (HUD) funds, the agency announced on X Friday. While DOGE attempted to redact sensitive details in the sh… Continue reading

HUD to lay off approximately 4,800 employees under Trump plan

The U.S. Department of Housing and Urban Development will eliminate half of its workforce as part of the Trump administration’s latest effort to reduce federal costs, it announced Thursday. Continue reading

DOGE cost-cutting exposes risk to cities with federal office space

Impact on certain markets may be “profound,” attorneys warn, as federal agencies look to cut the size of their real estate footprint by as much as 50 percent under the Trump administration. Continue reading

CFPB is latest target of Trump’s downsizing government campaign

Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading

Elon Musk’s former Bel-Air home’s price cut by $3M, faces foreclosure

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. Continue reading

Tesla rented their listing — then used it to debut its humanoid robot

Jason Peteler of Revel Real Estate and Matthew Yim of Coldwell Banker only knew at first that an EV company had rented their listing for a few days as a filming location. They had no idea it would be the first home in which Tesla’s Optimus Robot would … Continue reading

OpenAI leaves San Francisco HQ after Elon Musk stops paying rent

The move follows a public rift between the CEO of Tesla and the maker of ChatGPT. Musk had previously been paying rent for OpenAI’s headquarters. Continue reading

Elon Musk signals foreclosure on former home of Gene Wilder

An entity tied to Musk has filed a notice of default on the property, which Wilder’s nephew purchased from Musk with the assistance of a loan from the Tesla CEO in 2020. Continue reading

VC partner: AI will be ‘as fundamental as the steam engine’

Delian Asparouhov, a partner at Founders Fund, talked on Wednesday about his plans to manufacture drugs in space and urged real estate agents to lean into tech. Continue reading

Artificial intelligence is the all-in-1 tool real estate desperately needs

Using artificial intelligence, the latest technology represents an opportunity for the real estate industry to rebrand itself at a time when solutions are sorely needed, writes Inman founder Brad Inman. Continue reading