Virginia cities gain new tools to increase affordable housing supply

For Virginia state Sen. Jeremy McPike, the third attempt was the charm for a bill that lets municipalities rezone to encourage affordable housing. It just took a new governor. Gov. Abigail Spanberger signed into law this week a measure giving every city and county in Virginia the authority to adopt an affordable housing program, marking a major shift in how local governments can use zoning to boost...

Manhattan Retail Tightens as Availability Hits Record Low in Early 2026

Manhattan's prime retail corridors tightened further in the first quarter, with availability falling to the lowest level on record even as consumer spending showed signs of strain, according to a new report from JLL. Average availability across key shopping districts -- including Fifth Avenue, SoHo and Times Square -- held at 13.7% in the first three months of 2026, matching the prior quarter and marking...

New Cheval Holdings acquires Surge, appoints Jimmy Gillespie as CEO

Surge, a partner intelligence platform for wholesale mortgage lenders, has been acquired by New Cheval Holdings as the wholesale channel faces tighter scrutiny on broker oversight and market share pressure from retail and direct-to-consumer lenders. The transaction brings dedicated ownership and institutional backing to a platform used by wholesale lenders that are regularly ranked among the top 25 in...

Lower’s John Berkowitz on building lead generation certainty with Movoto Advantage

After being acquired by mortgage lender Lower in May 2025, executives at real estate listing portal Movoto said they hoped to use Lower’s network to connect more consumers with top local real estate agents and mortgage professionals. This vision — which was first explained to HousingWire by John Berkowitz, former Movoto CEO and current president of real estate at Lower — appears to have started...

Virginia YIGBY bill puts Spanberger housing agenda on the line

Virginia Gov. Abigail Spanberger has until Monday to sign or veto legislation that would make her state one of the few that allow faith-based organizations to build affordable housing on their properties by overriding local zoning limits. Spanberger faces pressure from local governments and a small but vocal group of civic organizations to veto the bill, extending the fight after they failed to stop it...

PAM appraisal platform targets AMC fees, seeks to give lenders more control

A new appraisal management platform is aiming to upend the traditional role of appraisal management companies (AMCs) by allowing mortgage lenders to oversee the process internally while maintaining regulatory compliance. The platform, known as PAM, or Private Asset & Management Group LLC, is designed as a web-based system that enables lenders to manage appraisal workflows without relying on...

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