June 2026

U.S. New Home Sales Fell in May The rate of new home sales fell in May, according to a report released on Wednesday by the Census Bureau and the Department of Housing and Urban Development. Sales of new single-family homes fell to 580,000 in May, from 626,000 in April, the report said. A consensus of economists polled by The Wall Street Journal expected 632,000 sales in May. The estimate...

Homeownership Timing, Asset Accumulation, and the Racial Wealth Gap Wealth and White-Black Wealth Gaps   Wealth consists of the assets a household accumulates over time, and home equity is the largest portion of household wealth across most of the U.S. wealth distribution Wealth Accumulation & Equity Growth: Real house prices in the U.S. have risen by roughly 150% over the last 6...

Misrepresentation & failure to disclosure Principles of Misrepresentation Liability • Misrepresentation is the most common claim against real estate brokers. • Claims are most often brought by disgruntled purchasers who discover, after closing rather than before, defects in the physical condition or other undesirable characteristics of the property. • Brokers should develop policies and...

Second Koreatown in Manhattan… ‘35th Geel’ Opens. • Koreatown, which has grown around Manhattan's 32nd Street over the past 40 years, is facing a new phase of expansion. • As the so-called ‘Koreatown 2.0’ project—which integrates Korean brands and K-content—gets underway, expectations for the creation of a second Koreatown are rising. • PD Properties (Co-CEOs Tony Park and...

Why did Samsung move to TX Three Distinct Lenses of Analysis 1. Strategic Consolidation 2. Macroeconomic/Political Environments 3. Internal Operational Shifts • The relocation of Samsung Electronics America’s (SEA) headquarters from Englewood Cliffs, New Jersey, to Plano, Texas—announced in June 2026—is a highly significant corporate move. What makes this shift particularly striking to...

Existing Home Sales Reach Highest Level in Five Months • Existing home sales across the United States rose more than expected in May, signaling a potential improvement in the housing market. • The National Association of Realtors (NAR) reported that existing home sales reached an annualized rate of 4.17 million units in May, adjusted for seasonal factors, representing a 3.2% increase from...

  “Diligence is the mother of good luck”, said Benjamin Franklin Definition of Due diligence : In real estate brokering, due diligence is essentially the "homework" phase. It is a specific window of time after a buyer’s offer is accepted where they get to thoroughly investigate the property, the legal paperwork, and the surrounding area to ensure they are getting exactly what they think...

Paul Kim Defeats Suk Jun Min to Secure Democratic Nomination for Pal Park Mayor • Paul Kim, the incumbent mayor of Palisades Park, has defeated Pal Park Councilman Suk Jun Min to officially secure the Democratic nomination for the upcoming Palisades Park mayoral race. • According to the unofficial tallies released by Bergen County for the New Jersey primary election held on June 2nd, Mayor Paul...