For the first time in nearly two years, the Bank of England paused its regimen of rate hikes. The central bank’s Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 5.25% – the dissenting members sought a 0.25 percentage point increase to 5.5%. The...
Buying a starter home in the top 50 metros cost $1,111 (60.3%) more per month than renting in August, as median U.S. rents recorded their fourth consecutive month of year-over-year declines, according to data from Realtor.com. The median asking rent in the 50 largest...
A total of 84,350 single-family homes and condominiums in the were flipped during the second quarter, according to data from ATTOM. These transactions represented 8% the quarter’s home sales and was close to the lowest level of flipping activity since 2021. The second...
Existing home sales in August were down 0.7% from July to a seasonally adjusted annual rate of 4.04 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 15.3% from the 4.77 million recorded in August 2022. While...
The Federal Reserve has opted to hit the pause button on its rate setting activity. The central bank’s policymaking Federal Open Market Committee voted unanimously to maintain the target range for the federal funds rate at 5.25% to 5.5%. While claiming recent...
Former Arizona Shopping Center Site to Become Affordable Housing Complex
