The bank committed to financing 1 million affordable units and helping 500,000 people buy homes by 2035, a 40% increase over its housing capital in the previous 10 years.
WatchThe 21st Century ROAD to Housing Act becomes law Friday, barring the largest institutional investors from scooping up more single-family homes as prices hit a record.
Company employees must wait to sell their IPO shares but are already planning purchases of luxury homes, watches, and private jet travel.
Investigators are examining whether the nation's largest residential brokerage has too tight a grip on the New York housing market. Compass shares tumbled as much as 12% on the news.
Frustrated homeowners delist properties as bidding wars wane and buyer interest cools in challenging real estate environment.
Analysts say the deal between Warren Buffett's company and the homebuilder indicates that the housing market downturn may be reaching its end.
Zohran Mamdani's ambitious proposal aims to build and preserve 400,000 affordable housing units over the next decade.
The deal will create one of the largest real estate companies in the U.S. with more than 180,000 rental apartments.
Sales barely moved as mortgage rates shot higher in March and uncertainty over the Iran war continues to affect consumer confidence.
Potential homebuyers across the country are adopting wait-and-see approaches amid economic volatility, though Miami's market appears largely immune to the broader trend.
Fourth consecutive increase since Middle East conflict began as war effects ripple through U.S. financial markets and housing sector.
Investment firms of ultra-wealthy families make opportunistic bets on multifamily and commercial properties while broader market remains cautious.