A $255 million loan will finance the first construction phase of a massive $1 billion Hudson River development in Bergen County. S3 Capital said it originated the construction loan which will finance the initial phase of the mixed-use development at 615 River Road in Edgewater. The project aims to reshape Edgewater's waterfront with luxury housing, transit connections, and public amenities.
Planning reform among five key planks of new housing plan Controversial 'housing tsar' role still in limbo Rules on one-off housing to be relaxed Government under pressure to deliver on housing pledges The Government will move towards using state-owned homeless accommodation in a bid to greatly reduce the €360m it spends each year, as one of the key planks of its housing plan to be launched next month.
Two years ago, state and local governments pushed to fast-track conversions of near-empty offices into much-needed apartments to alleviate a housing crunch. The promised panacea never eventuated. Momentum to create homes out of empty offices has faded even as office vacancies rise and housing shortages intensify. Developers have not submitted a single application to turn an office into housing in central Melbourne since 2023. Just one successful application has been made in the CBD of Sydney, the country's most unaffordable city.
Guests at this lighthouse keeper's cottage have not only the property but the whole 1.6-hectare (four-acre) island to themselves. Eilean Sionnach is an islet off Skye that is accessible by boat or on foot at low tide. Like the lighthouse, the cottage was built in 1857 and has four bedrooms, four bathrooms, a kitchen and a lounge with a wood burner, and incredible sea views. As well as a patio and garden, which has a fire circle, the cottage has its own private beach.
The expiration of the National Flood Insurance Program during the recent federal government shutdown has put coverage for millions of homes at risk, affecting home closings and buyers in flood-prone areas. An analysis in Miami and Tampa shows that homes with lower flood risk have seen faster price appreciation over the past decade, highlighting changing buyer preferences. Market trends indicate a shift toward prioritizing flood risk data in home-buying decisions, with younger buyers leading the change.
Retirees in New York face one of the steepest financial gaps in the nation when relying solely on Social Security. According to a Realtor.com® analysis of median Social Security benefits by state and the Elder Economic Security Standard Index, the typical retiree in New York experiences an annual shortfall of $7,248, or about $604 per month, even with their mortgage fully paid.
The analysis underscores that "housing costs are what really separate the states where Social Security is enough from those where it falls short". New Hampshire retirees spend nearly $1,000 per month on housing-related expenses-more than double the costs in surplus states such as Alabama ($419) or West Virginia ($398). At 43% of the typical Social Security check, New Hampshire's housing burden far exceeds the 30% affordability guideline established by the Department of Housing and Urban Development. This imbalance leaves retirees unable to cover other basic needs without additional income.
the majority of Americans find housing costs in the U.S. unreasonably high, according to a recent survey conducted by Tavern Research for the Searchlight Institute. While housing economists attribute the crisis to a chronic shortage of housing, the survey shows a variety of opinions on the causes, including blaming investors, building material costs, landlords, and elected officials. The survey also highlights that a majority of Americans welcome more home construction in their communities, recognizing the benefits of increased housing availability.
The main entry is just below a metal-roofed portico, at a blue-painted door that opens directly into the kitchen and eating area. There, find a nice-sized U-shape layout with wood cabinets, plenty of prep space, and full-size appliances, as well as enough room for a sizable dining table by the big window overlooking the river. A wooden staircase divides the plan, landing at a second glass door to the rear deck, with the living room on the other side.
Detroit-based Bedrock development group has announced the completion of the first phase of its Hudson's Detroit mixed-use project in the city center. The project was first unveiled in 2017, when the company presented plans for a 1.2-million-square-foot development designed by SHoP Architects to be built on one of downtown Detroit's long-abandoned sites, formerly occupied by the J.L. Hudson's Department Store.
This month, we secured underwriting approval on one of the most unique loans I've ever worked on: a $4 million non-QM mortgage using crypto asset depletion to qualify. The borrower? A first-time homebuyer buying an $8 million home. But this deal didn't start with a win. One of the nation's biggest banks denied him a few months back, when he started his pre-approval.Then another lender strung him along once he went under contract, burned through 2.5 weeks of his financing contingency,
A 2,097-square-foot condominium built in 2017 has changed hands. The spacious, recently built property in the 4200 block of Midlands Court in Dublin was sold on Aug. 8, 2025 for $1,200,000 which works out to $572 per square foot. This condominium offers spacious living environment with its four bedrooms and four baths. Additionally, the condo provides two parking spots, granting ample parking space for two vehicles.
"What we had intended to really just be almost like a home office where we wouldn't even have customers, we now have the space for it. So we decided to turn Build-a-Chair into this Build-a-Home concept," Carraway explained. "You could truly walk and be like, 'you know what? I wanna build a side table,' and then either pick from our suite of things to start with and customize it, or you can come to us with a totally custom idea."
The term "7/6 ARM" breaks down like this: "7" = The number of years the interest rate stays fixed at the beginning of the loan. "6" = How often the rate can adjust after the fixed period - in this case, every 6 months.. This structure is part of a newer generation of ARMs that adjust twice a year after the initial fixed term. For example, a 7/1 ARM (common in the past) adjusted once per year, but most modern ARMs now use a 7/6 format.
Mr Totland, who managed a property on Roundwood Road in Willesden, was prosecuted at Willesden Magistrates' Court after multiple hazards were uncovered at the address following an investigation by Brent Council officers. The investigation took place after the tenant reported a number of on-going issues at the property, including that the electric cooker and hob were not working posing a safety risk. Officers also uncovered severe damp and mould in the kitchen, as well as the missing bathroom door.
But aspects of the delivered property fall woefully short of industry standards and contractual requirements, the condo board at 514 West 24th Street claimed in a lawsuit filed this week. The board claimed in its complaint that JDS and Largo left swaths of the promised project unfinished or installed improperly, including leaving empty rooms instead of wine cellars; trash heaps instead of finished storage areas; and non-working bathrooms, laundry facilities, and saunas in common areas abandoned before they were completed.
Contingencies are an important part of the homebuying process, giving buyers a safety net during the transaction. They are conditions written into the purchase agreement that must be satisfied for the sale to move forward, allowing either party to back out without penalty if specific terms aren't met. Although not required, contingencies are standard in most real estate contracts, and some are especially important depending on the location.