This morning’s Labor Department data on the addition of 175,000 jobs in April and an uptick in the unemployment rate to 3.9% brought a mixed reaction from economists focused on the housing market. “An economy that is too hot is not good for interest rates,” said...
More nonwhite homebuyers and fewer White buyers have been taking out mortgages over the past five years, according to a data analysis by Redfin (NASDAQ:RDFN). Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers, down from 64%...
The National Association of Home Builders (NAHB) has published a 10-point plan designed to address housing affordability challenges. In announcing the plan, the NAHB observed there was a nationwide shortage of approximately 1.5 million housing units, which exacerbates...
The apparel company Rue21 has become the latest retailer to announce it is going out of business. The Warrendale, Pennsylvania-based company filed for Chapter 11 bankruptcy on Thursday – the company previously filed for bankruptcy in 2003 (when it was Pennsylvania...
The real estate investment firm Cress Capital has acquired The 410, a 24-story office building located in the Downtown Denver. The property at 410 17th St. is near the Colorado State Capitol and encompasses approximately 440,000 square feet of office space – including...
Hits and Misses for the Real Estate Week of June 29-July 3
