Frank Lloyd Wright’s California Farm Lists For $4.25 Million

The property melds elements of mid-century modern with Wright’s Prairie School style.

NYC’s Perfect Storm: Rent Stabilized Opportunities In The Face Of Mortgage Resets And Maturities

New York City owners of rent-stabilized apartment buildings are facing a perfect storm as a tidal wave of mortgage maturities and resets is fast approaching for properties purchased before the passage of the Housing Stability and Tenant Protection Act (HSTPA) of 2019.

Nov. Rents: Smallest Increase in 15 Months

The median U.S. asking rent climbed 7.4% year-to-year to $2,007 in Nov. In Fla., Miami’s rate was higher, Orlando and Tampa lower, and Jacksonville saw a decline.

Government: Inflation Slowed Sharply in Nov.

Consumer prices rose 7.1% year-to-year in Nov., but that’s a notable drop from 7.7% in Oct. and 9.1% in June. It was the fifth straight monthly slowdown.