The Justice Department backed out of a proposed settlement with the National Association of Realtors in regards to real-estate agents’ high commissions. Although in the past, the government has brought antitrust cases and then decided to dismiss them, they have never agreed to a proposed settlement and then backed out. There’s speculation that this is […]
Although public records don’t yet reflect a sale, real estate investment firm, Reign Capital LLC, has bought the AT&T Inc.’s 20-story building. The property was purchased in late May for $15.5 million through an affiliate, Reign CO1 Propco LLC. The company has also recently purchased AT&T properties in Milwaukee, Pittsburgh, and Winston-Salem. An AT&T spokesperson […]
Queens, New York landlord, Vanie Mangal, spends her days supporting Covid 19 patients and her nights facing harrassment from her tenants. Some of her tenants haven’t paid rent in over 15 months, and she has lost over $36,000 in rent. They’ve also destroyed or damaged her personal property. The federal government and the state of […]
With people continuing to work virtually and relocating to less expensive cities, along with the influx of millennials and Gen Z renters, the rental market is beginning to surge as the economy reopens. Rent prices are up 7.5% nationwide, three times more than normal. Experts predict that rent prices will continue to climb. This could […]
From April to May, pending home sales rose 8% according to the National Association of Realtors. Economists had projected a !% decrease. The housing marking is attracting buyers due to falling mortgage rates, which fell below 3%. All regions of the country saw an uptick in sales. Economists predict that the market will slowdown in […]
The pandemic-inspired nationwide ban on evictions is hanging around for a while longer. The Supreme Court rejected pleas by landlords to end the moratorium with a 5-4 vote to keep the pan in place. The ban is due to expire at the end of July and another extension isn’t expected. In addition, the Treasury Department […]
Outdoor living spaces are a tipping point for homebuyers. Buyers are looking to entertain family and friends in pandemic-proof ways. Home owners want access to golf courses, larger yards, attractive landscaping, and outdoor rooms. Previously buyers may have bought a cabin in northern Michigan, but now they want everything just steps away. People are focusing […]
It continues to be a “dog-eat-dog” world for home buyers. Brokers advise clients to get pre-approval, save, and have some cash to bring to the table. Many home buyers are waiving home inspections, bidding before seeing the home, paying cash, and paying thousands over the asking price to get to the closing table. With more […]
Much of Michigan’s marijuana industry is outside mainstream retail outlets. The Michigan Cannabis Manufacturers Association commissioned a study says that millions in taxes and fees could be captured from illicit marijuana markets. While there is no current legislation concerning home cultivation, the information from the study will be used to inform legislators in Lansing. It’s […]
The New Standard cannabis company has moved into a newly built retail store in Saugatuck Township. The new site is the company’s 6th dispensary in West Michigan and seventh store across the state. Located at 6406 Blue Star Highway, it carries more than 275 products for retail and curbside service. The company opened its first […]
