NYC Council aims to limit rental broker fees, security deposits

Members of the New York City Council took aim at the fees associated with renting an apartment in New York City, which sometimes requires prospective tenants to spend thousands of dollars in deposits and charges to obtain.

Court upholds dismissal in Zestimate lawsuit

The United States Court of Appeals for the Seventh Circuit upheld a May ruling to dismiss a lawsuit filed against real estate technology giant Zillow.

PHH to pay $750k over military service member foreclosures

PHH Mortgage agreed to pay $750,000 to six service members in response to allegations that the mortgage company unlawfully foreclosed on their homes. 

Will deal to end shutdown kick-start real estate sales?

Congressional leaders and President Donald Trump reached a deal on a continuing resolution Friday that will fund the government for three weeks. The deal ensures all government employees will receive their paychecks next week, including backpay missed …

New drone rules could pave way for listing photos that ‘pop’

The Federal Aviation Administration is proposing new rules that would allow drones to be flown at night and over people without waivers.

Microsoft is putting up $500M to help affordability crisis in Seattle

Microsoft announced Wednesday a plan to invest $500 million in affordable housing solutions for Seattle and the Puget Sound area in Washington, to alleviate the stress tech job growth is putting on the housing market.

Government raises fines for RESPA violations

The Consumer Financial Protection Bureau (CFPB) is raising the price of its fines to adjust for inflation, including penalties for violations of the Real Estate Settlement Procedures Act (RESPA). The new fine amounts became law when they were entered into the Federal Register on Jan. 12. 

NYC mayor sues Manhattan brokerage over allegedly illegal short-term rentals

The New York City Mayor’s Office of Special Enforcement filed a lawsuit Monday against a Manhattan-based brokerage and property management firm, accusing it of converting units at least five properties it manages or owns into illegal short-term rentals, including an entire building in East Harlem.

Flood insurance freeze halts thousands of US home sales

The Federal Emergency Management Agency ruled Thursday it will not approve new or renew existing flood insurance plans during the government shutdown.

How the government shutdown is impacting homebuyers

A partial shutdown of the U.S. Government has entered its sixth day as both Democrats, Republicans and President Donald Trump dig in their heels over partial funding for a wall or partition structure along a small portion of the U.S. southern border an…