Washington state lawmakers working on commercial-to-residential conversion bill

The House of Representatives in the state of Washington last week approved a bill that seeks to expedite the process of converting commercial buildings into residential complexes. The measure passed overwhelmingly in a vote of 95-2.HB 1757 is sponsored by Rep. Amy Walen (D) and would modify the regu
Read MoreJohn Burns: Rising property taxes are forcing retirees out of some states

Rising property taxes are a thorn in the side of many Americans in today’s housing market. Older Americans in particular are feeling the brunt of higher tax payments in key metro areas and are being forced to move, a recent report concluded.John Burns Research & Consulting (JBREC), a leading real es
Read MoreAre AMCs the next target of class-action lawsuits?

Appraisers concerned about the rising role of appraisal management companies (AMCs) were dealt a blow by the turmoil that’s engulfed the Consumer Financial Protection Bureau (CFPB) since Donald Trump returned to the White House in January.Leaders in the appraisal profession had turned to the CFPB in
Read MoreReverse mortgage endorsements, securities issuance fell in February

Reverse mortgage industry performance metrics continued their 2025 softness on the basis of endorsement volume and securities issuance, February data shows.Home Equity Conversion Mortgage (HECM) endorsements and HECM-backed securities (HMBS) issuance saw declines in February, although the number of
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