3M homeowners remain in forbearance
Nearly 3 million U.S. homeowners were in forbearance programs as of this week, a massive amount but still a sharp drop from 4.76 million at the height of the pandemic. That’s according to a...
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LA will buy mostly-vacant motels for Project Homekey
The City of Los Angeles has earmarked $105 million to buy 10 motels and convert them into interim housing...
Gap Inc. will close 350 stores and exit malls entirely
Another big retailer is leaving struggling malls behind. Gap Inc. announced Thursday that it will close 350 of its...
Rent collections in market-rate apartments stagnate in October
Rental payments for market-rate apartments are holding steady from September, but down slightly from last year. The National Multifamily...
LA County property values may tumble in next tally: Assessor
Fast-developing Inglewood and El Segundo were among the Los Angeles County cities whose property values grew the most in...
Starwood loses control of another mall in default
Starwood Retail Partners is giving up on one of its suburban Chicago malls, handing over the keys to its...
Building up: Homebuilder confidence hits new highs
Homebuilders are feeling record levels of optimism, according to a new report. The National Association of Home Builders/Wells Fargo...
LA officials cut $300M homeless housing deal
Los Angeles city and county officials have finally reached a deal to house thousands of homeless people who live...
San Francisco rents continued unprecedented slide
Rents are free-falling in the country’s most expensive market. The median monthly rate for a studio in San Francisco...
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