DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported a loss of $14.1 million in its first quarter. On a per-share basis, the Dallas-based company said it had a loss of 83 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 46 cents per share. For the current quarter ending in June, NexPoint expects its per-share earnings to range from 40 cents to 50 cents. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NREF at http ..read more

The median price of a home that sold in Montgomery County in March was $590,000, up 10.3% from just a year ago. But the Maryland county is also diverse in terms of home prices, with a price point that may suit many different buyers. Depending on city or town, median selling prices in the county ranged from $415,000 to $1.4 million last month. “You’ve got areas from Dickerson and Sandy Spring, even though they only have a few sales there, they tend to have a high price. There’s Potomac, Cabin John and Bethesda. Then on the more affordable side of Montgomery County, you have Germantown and Burto ..read more

LOS ANGELES (AP) — A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold their homes. HomeServices of America said Friday that the proposed settlement would shield its 51 brands, nearly 70,000 real estate agents and over 300 franchisees from similar litigation. The real estate company had been a major holdout after several other big brokerage operators, including Keller Will ..read more

NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Tuesday reported a loss of $3.1 million in its first quarter. The New York-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share. The real estate finance company posted revenue of $151.6 million in the period. Its adjusted revenue was $39.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KREF at https://www.zacks.com/ap/KREF Sour ..read more

According to a recent report by real estate company Opendoor, 77% of first-time homebuyers are buying their homes with someone else. That might be a spouse or partner (61%), their parents (16%), a friend (11%) or even a sibling (7%). Buying a house these days can be hard, if not impossible, on your own — in many markets, it’s simply not an option. According to Zillow research, the amount of income you need to buy a home today is much higher than it was just five years ago. In 2020, Zillow analysts found that a household earning $59,000 could easily afford a typical U.S. mortgage, but today a h ..read more

An illustration of the Hoffman-Madison Waterfront located in The Wharf in D.C. (Courtesy Hoffman-Madison Waterfront) An illustration of the Hoffman-Madison Waterfront located in The Wharf in D.C. (Courtesy Hoffman-Madison Waterfront) Pennsylvania Avenue is no longer the most expensive office address in D.C. It has been replaced by Maine Avenue, located at The Wharf on the Southwest Waterfront. The average asking rent on Maine Avenue is more than $80-per square foot, with the highest rent on the street of $95-per square foot. Maine Avenue leases command a 63% premium to the overall D.C. office ..read more

Arlington County, Virginia, homeowners will be paying more to live there, after county board members voted to approve a new $1.65 billion budget for Fiscal Year 2025, a 6.4% increase from 2024, on Saturday. Under the new budget, the base real estate tax increases 2 cents to $1.033 per $100 of assessed value, which is partially offset by the move to a stormwater utility fee that reduced the tax rate by 1.7 cents, according to a news release. “We’ve summarized what is a mythical average taxpayer in the county, and the additional burden for that household would be $541,” Arlington County Manager ..read more

This page contains a video which is being blocked by your ad blocker. In order to view the video you must disable your ad blocker. Want to peek inside some of Georgetown's most alluring homes? If you’ve ever wondered what’s behind the door of some of D.C.’s most alluring homes in Georgetown, you’re in luck. “We have eight homes, all doors will be open,” said Georgetown House Tour co-chair Donna Leanos. The 91st annual Georgetown House Tour, hosted by St. John’s Episcopal Church, is regarded as one of, if not the, oldest and most prestigious house tours in the entire country. And it’s back fo ..read more

The housing market has been tough, but in D.C.’s Shaw neighborhood one home may be someone’s chance to get into a brand-new single-family home. But there is a catch — it’s only six feet wide. Nady Samnang, CEO of a contractor based out of Virginia called Omnifics, said when he and his brother had the opportunity to acquire the small lot at 1738 Glick Ct. NW, they knew it would be a tight area to build on. However, they thought they could make it work on a 14 to 15-feet-wide foundation. “That original idea was supposed to be a four-level single family home,” Samnang said. Then, after work had b ..read more

The office vacancy rate in D.C. at the end of the first quarter grew to 19.5%, and the vacancy rate has not yet peaked, according to commercial real estate services firm JLL, with companies downsizing or moving out of the city. But the D.C. office market can still count on nonprofits and associations. “They are really like the loyal soldiers of the office market,” said Tammy Shoham, research director at JLL in D.C. Nonprofits are the third-largest source of leasing demand in D.C., behind the federal government and law firms. They are the only sector to maintain the same leasing volume, even du ..read more