Fewer people were seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Feb. 23. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.6% on a seasonally adjusted...
A new data analysis published by Realtor.com has determined the U.S. housing market is short of up to 7.2 million homes, a deficit fueled by more than a decade of underbuilding relative to population growth. Realtor.com noted that an additional 1.7 million households...
One of New York City’s most prominent real estate executives has launched a new company focused on development, acquisitions, financing and fund management across the United States. Marty Burger, the former CEO of Silverstein Properties, has announced the opening of...
The Amherst Group, a New York City-based real estate investment, development and operating platform, has recruited Evan Levy as vice chairman and a member of the executive committee. Levy joins Amherst from the international law firm Weil, Gotshal & Manges LLP,...
Development is underway on a new mixed-use property in central Connecticut that will encompass retail, lodging and a master-planned community. The Hartford Courant reported the new Cheshire Crossing retail development will feature a 152,000-square-foot shopping center...
Macy’s Inc. (NYSE:M) announced it will be closing 50 of its stores by the end of the year and another 100 over the next three years. The department store chain announced the closings today during the analysts’ call for its fourth quarter 2023 earnings report. The...
HUD Updates 14 FHA Policies in Move to Improve Affordability
