Hedge Funder Scott Bommer recently purchased three properties in Lily Pond Lane of East Hampton for a whopping $110 million. In Southhampton, luxury fashion designer Ellie Tahari just rented out his estate for $800,000 during the months of July and August.

Despite numerous legal battles, newly passed restrictions, and further pending regulations, short-term rental powerhouse Airbnb remains prosperous. The company is waiting to receive its next round of funding that would value it at $30 billion.

$156 million is being invested into an innovative affordable housing development project in the Bronx, New York City. The goal is to cut costs and boost the health of low-income residents.

The housing market in New York City continues to grow. Manhattan has been a rather tight market for housing development recently. But, neighboring boroughs like Brooklyn have seen record pacing sales in homes and inventory shrinkage.

Foreign buyers have invested their least amount in US residential properties since 2013. After spending $54 billion on residential real estate in the US last year, foreign investors have spent $44 billion this year (since fiscal year ended in March).