The Senate has passed a bipartisan bill with a goal of stabilizing housing market and warding off the threat of foreclosures. The Senate plan, which the White House opposes, calls for big tax breaks for homebuilders and a $7,000 tax credit for homebuyers who purchase foreclosed properties. It also calls for $4 billion for communities to buy and repair vacant homes.
|Zillow sues Compass for poaching tech talent, allegedly stealing trade secrets|
|Queens property purchased for $125M by Chinese firm headed to foreclosure|
|JLL I-sales broker out amid merger with HFF|
|This 19th century UES townhouse just traded hands for a loss|
|Blackstone will pay rent-stabilized tenants $1M. It won’t stop the lawsuit.|
|Vornado sells 45% stake in prime Manhattan retail portfolio valued at $5.6B|
|Marriott to build the tallest modular hotel in the world in NoMad|