The New York City Economic Development Corp. (NYCEDC) issued a Request for Proposals (RFP) for a developer to lease, redevelop, and operate the Kingsbridge Armory, a 570,000-square-foot historic site in the Bronx and one of the largest armory buildings in the world....
The past decade has seen increasingly tight housing markets due to strong demand and limited supply. Since the Great Recession, the U.S. has not built enough housing to keep pace with demand created by job and population growth, leading to historically low vacancy...
Closing costs and monthly mortgage payments spiked last year while Black and Hispanic buyers faced higher levels of denial on home loans, according to the new report “Data Point: 2022 Mortgage Market Activity and Trends,” published by the Consumer Financial Protection...
The level of mortgage application activity declined last week, according to new data the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1.3% on a seasonally adjusted basis from...
Fannie Mae (OTCQB: FNMA) has unveiled HomeView en Español, a Spanish-language digital consumer education platform providing prospective Hispanic homebuyers with 24/7 end-to-end access to information about financial literacy and homeownership. HomeView en Español...
M&T Bank (NYSE: MTB) announced it has provided $1.22 million this year to 42 initiatives aimed at serving distressed communities or low-income neighborhoods in Pennsylvania. The funding was allocated through the state’s Neighborhood Assistance Program (NAP),...
Hits and Misses for the Real Estate Week of June 29-July 3
