• Redfin policy makes it harder to sell homes in minority neighborhoods, lawsuit claims

    Redfin policy makes it harder to sell homes in minority neighborhoods, lawsuit claims

    Housing advocates have accused Redfin of “redlining” minority neighborhoods with a price policy that can make it harder for people of color to sell their homes. Redfin will only act as a
  • Court defeat for Lower East Side tower projects’ foes

    Court defeat for Lower East Side tower projects’ foes

    A bombshell court ruling means that the opponents of plans for a massive Lower East Side development project have lost their battle to chop the planned towers down to size. The state appeals court last week decided that the towers planned for Clinton, Cherry and South streets don’t need to go through the city’s tortuous …
  • US home sales hit a 14-year high amid coronavirus pandemic

    US home sales hit a 14-year high amid coronavirus pandemic

    US home sales rose at a record pace for a second straight month in July and home prices hit a record as historically low interest rates boosted demand for homes even as the coronavirus pandemic put millions of people out of work. The National Association of Realtors said on Friday existing home sales rose 24.7 …
  • US mortgage applications steadily rise for sixth straight week

    US mortgage applications steadily rise for sixth straight week

    US applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy’s recovery from the novel coronavirus crisis even as high unemployment is expected to linger. The Mortgage Bankers Association said on Wednesday its seasonally adjusted Purchase Index increased 8.6 percent from a week earlier. …