The combined company will boast a portfolio of more than 180,000 apartments nationwide and currently is spending $4.4 billion on 10,800 apartments currently under construction.
“Buyers are coming out with cautious optimism despite increasing economic uncertainty and a slight rise in mortgage rates,” said NAR Chief Economist Dr. Lawrence Yun.
NAR NXT, considered the largest annual real estate conference in the United States, is expected to draw more than 10,000 real estate professionals from around the world.
The bill focuses heavily on increasing housing supply by streamlining federal processes, reducing regulatory barriers, and encouraging new housing construction.
“Despite our best good faith efforts to bring this safety project forward, we have been unable to come to an agreement on how to successfully advance this project...