Eko Atlantic is a planned city of Lagos State, Nigeria. The project, which began in 2009, is being constructed on land reclaimed from the Atlantic Ocean. The 10 million square meters of reclaimed land is protected from rising sea tides … Continue reading →
According to the National Low Income Housing Coalition’s “Out of Reach 2019″ report, the Fair Market Rent (FMR) for a two-bedroom apartment in California is $1,804/month. In order to afford this level of rent plus utilities (without paying more than … Continue reading →
On June 14, the New York State Legislature passed and Gov. Cuomo signed into law, the Housing Stability and Tenant Protection Act of 2019 (S6458). Some of the law’s provisions are noted below: Repeal of vacancy decontrol and high-income deregulation: … Continue reading →
The new 12-storey, 223-unit multifamily development at 1035 4th Street, NW (307 K NW) in DC’s Mount Vernon neighborhood has 50 units set aside for grandfamilies (families headed by grandparents) making between 30 and 40 percent of the area median … Continue reading →
Twelve percent of homes listed for $10 million or more saw a price drop in 2018 — double the levels of 2015 and 2016, according to
Continue reading →In an effort to stanch the rising cost of housing and cool pressure on existing infrastructure, New Zealand’s new coalition government intends to cut immigration and ban non-resident foreign buyers from purchasing existing homes in the country. According to the
Continue reading →HomeServices of America, an affiliate of the Warren Buffett conglomerate Berkshire Hathaway acquired the Mid-Atlantic residential brokerage house The Long & Foster Companies on September 7 for an undisclosed amount, according to The Washington Post. The acquisition includes Long & … Continue reading →
According to a new study by McGill University, Airbnb hosts in Canada’s three largest cities earned a total of $430 million in 2016, a 55 percent increase from 2015. The top ten percent of hosts earned a majority of the … Continue reading →
Average U.S. commercial real estate prices fell by 40 percent between the 2007 peak and the trough in 2010, according to Alex Pollock of R Street. Since then, prices have rebounded and are now 22 percent above the 2007 peak … Continue reading →
Puerto Rico’s population has dropped by about two percent per year for the past three years, according to Bloomberg. The U.S. territory, which is grappling with a $74 billion debt and an unemployment rate over 12 percent has also seen … Continue reading →