Bank Of America Mortgage Holders Can Now Pause Their Payments
Homeowners who are struggling financially due to the coronavirus pandemic may now see some relief—at least if they have a Bank of America mortgage. …
Bank Of America Offers Homeowners Relief: Its Mortgage Holders Can Now Pause Payments
Homeowners who are struggling financially due to the coronavirus pandemic may now see some relief—at least if they have a Bank of America mortgage. …
The Halt Of Billion-Dollar Real Estate Businesses; iBuyers Suspended
Yesterday, real estate media publisher Inman reported on the halt of the iBuyer business model by Opendoor and Redfin, two large real estate operators. …
Realogy is latest iBuyer to suspend cash offers
Realogy is the latest iBuyer to stop making cash offers for houses amid the market turmoil sparked by the coronavirus pandemic. In a statement, the brokerage holding company said its RealSure program was designed to provide…
Real estate stocks push up as feds work to pass stimulus deal
As the federal government races to lock down a trillion-dollar stimulus package, public real estate firms — from real estate investment trusts to major brokerages — edged higher Thursday, along with the broader stock market. The…
L.A. mansion that feds seized from ‘Wolf of Wall Street’ producer sells for $18.5 million
In Hollywood Hills, an extravagant showplace seized from Malaysian fugitive Jho Low has sold for $18.5 million. …
Former Alpine home of disgraced ex-Rep. Duncan Hunter hits the market
The former Alpine home of disgraced former Rep. Duncan Hunter is for sale at $730,000. Hunter and his wife, Margaret, sold the home in 2016 amid questions of questionable campaign spending. …
Coming to a hotel near you: The $2,500 coronavirus quarantine package
The hospitality business has taken a beating from the coronavirus pandemic, but some hotels are hoping to drum up business from people who need or just want to quarantine themselves. The Dorsett chain of hotels, for…
‘Fast & Furious’ producer Neal Moritz drops $9.7 million on a luxury condo in Hawaii
Moritz, producer of 70 films including “Sonic the Hedgehog” and “The Fast and the Furious,” bought a home in the Makena Golf and Beach Club on Maui. …
StreetEasy slashes fee to post rental listings
StreetEasy is slashing fees for New York rental agents. In an email to agents Thursday, the Zillow-owned portal said it was cutting prices in response to the “ever-changing circumstances” sparked by the coronavirus pandemic, which is…
Famed Interior Designer Kelly Wearstler Shares Her Secrets In A New MasterClass Course
Want to take your design project to the next level? Don’t miss Kelly Wearstler’s newly launched MasterClass. …
REBNY orders days on market calculation to stop for resi listings
The Real Estate Board of New York is ordering the public days-on-the-market clock to stop for all its residential listings. Any vendor or syndication partner that accepts listings from the trade organization’s Residential Listing Service will…
Joint venture plans 400K sf commercial project for LIC
United Hoisting Company and JNY Capital are teaming up to bring a roughly 400,000-square-foot commercial project to Long Island City. The development will go up at 38-42 12th Street, which United Hoisting Company owns and which…
Hospitality company behind The Campbell, Mr. Purple lays off 400
The coronavirus pandemic has claimed the jobs of all 400 workers at the Gerber Group across its 10 venues in three cities. Scott Gerber, CEO of the hospitality company, said he made the decision Monday after…
Lennar says homes are still selling despite coronavirus
The novel Coronavirus is a “circuit breaker” that will have profound implications on the market, but with low interest rates people are still buying homes, Lennar’s executive chairman Stuart Miller said on a conference call with…
WeWork Chiefs Tell Employees They Have An ‘Obligation’ To Stay Open During Coronavirus Pandemic
In positioning its services as vital, WeWork may be trying to convince lawmakers that it is an “essential business.” …
REBNY considers lending cash to brokers affected by coronavirus
The Real Estate Board of New York might tap its Member in Need fund to support agents affected by the coronavirus pandemic. During a virtual panel discussion moderated by The Real Deal Wednesday night, Corcoran Group…
ADUs – A Great Solution For Homeowners In Fire Torn Malibu And LA Counties
Many people are choosing to build accessory dwelling unit (ADU) to live in until their larger main houses can be rebuilt. …
Skeleton crews only: Cuomo further restricts workplace occupancy
Gov. Andrew Cuomo on Thursday further restricted the number of employees of most businesses who can report to work outside their homes. Cuomo said only 25 percent of a non-essential company’s workforce can report to work….
Cuomo suspends foreclosures and mortgage payments
Mortgage payments and foreclosures in New York will be suspended for a 90-day period in light of the coronavirus pandemic. In a press conference from Albany, New York Gov. Andrew Cuomo announced a number of steps…
