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Archive for November 20th, 2024
Los Angeles apartment executives breathe sigh of relief over failure of California rent control expansion
Multifamily landlords and brokers in California are breathing a sigh of relief after residents voted against a ballot measure that would have expanded rent control in the state. Proponents of the Justice for Renters Act, or Proposition 33, said the measure would help in efforts to increase affordable housing, while opponents feared it could have […]
Texas buys largest privately owned ranch on the market in the state from billionaire
The oldest state agency in Texas has purchased two sprawling ranches in the state in separate real estate transactions with plans to build a border wall on one of them. The Texas General Land Office announced the acquisitions last week that include the largest privately owned ranch on the market in Texas: the 353,785-acre Brewster […]
Housing market about to ‘take off like a jet,’ real estate leaders say
As one of the worst years for home sales draws to a close, real estate leaders have a message for agents and consumers: Get ready for January. “Come the first of the year, I think things will take off,” Anthony Lamacchia, CEO and founder of Lamacchia Realty, told a room of residential real estate professionals […]