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Texas bill seeks more commercial-to-residential conversions to boost housing supply

Housing Wire

As the housing crisis manifests in different ways across various states, lawmakers in Texas recently approved a bill that would allow for more conversions of commercial buildings into residential units to bolster housing supply and reduce costs. The Texas House of Representatives gave its approval to S.B

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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. What does this mean for the residential real estate sector and how business-purpose mortgage lenders are trying to expand?

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Keller Williams lands new affiliate in Illinois

Housing Wire

Callan has more than five decades of experience in residential and commercial brokerage services, investment, development and financial leadership. We are thrilled to welcome Pat and the exceptional agents of PRG Group, LLC to the KW family, Jeannine Prombo, the team leader of KW Premiere Properties, said in a statement.

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The Federal Reserve’s housing recession dilemma

Housing Wire

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. It’s important to note that remodeling workers comprise a significant portion of the residential construction workforce.

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Mayors back Realtor.com’s campaign to address the housing crisis

Housing Wire

The initiative also encourages the consideration of underutilized federal land for residential use. .” The Let America Build campaign advocates for the elimination of regulatory barriers and modernized zoning and permitting laws to speed up or allow housing development.

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Century 21 expands in North Carolina with new rural affiliation

Housing Wire

Century 21 Real Estate is expanding its footprint in northeastern North Carolina through the affiliation of Carolina Land and Home Realty — a full-service brokerage based in Ahoskie. The office will now operate as Century 21 Land and Home Realty.

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Treasury halts business ownership information reporting

Housing Wire

The American Land Title Association (ALTA) noted that title insurance companies were already exempt from the BOI reporting requirement due to the rules exemption for state-licensed insurance producers. FinCEN began accepting BOI reports from new and existing companies in January 2024. This rule, which goes into effect Dec.

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