Roughly 135 of New York City’s nearly 680 hotels are housing illegal immigrants, a loss of 16,532 hotel rooms, according to a report in the New York Times. This represents approximately one out of five hotels. The current level of lodging availability is 2,812 fewer...
European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
An outrageous claim to a landmark property, an overlap of real estate and politics, and a tuneful agent begins his new job. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 20-24. Miss: Beyond Belief. The weirdest real...
The typical American family needs to spend 38% of its household income to make a mortgage payment on a median priced new single-family home, according to the latest quarterly Cost of Housing Index data from the National Association of Home Builders (NAHB). For...
A total of 9,416 homes were sold in Virginia during April, an increase of 1,164 units or 14.1% more than one year earlier, according to data from Virginia Realtors. The growth in sales was powered by a 19.1% year-over-year increase in new listings, the highest upswing...
Mortgage Application Activity Records Slight Uptick
