After four consecutive months of increasing sales volume, pending home sales sank by 5.5% in December. The National Association of Realtors’ (NAR) Pending Home Sales Index fell to 74.2 from November into December. Year-over-year, pending transactions declined 5.0%. An...
Sen. Ted Cruz (R-TX) has introduced legislation that would reduce the statutory funding cap for the Consumer Financial Protection Bureau (CFPB) to $0. When the CFPB was created in 2010 under the Dodd-Frank Act, the agency was designed to receive its funding directly...
Alloy Development has selected Radial Power and MaxSolar to provide 100% renewable energy to the 44-story 505 State Street in Brooklyn, which is being promotes as New York City’s first all-electric, carbon-free residential tower. Radial Power will allocate of 900...
The European Central Bank (ECB) announced its fifth rate cut since June with the lowering of three interest rates by 25 basis points. The rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.75%, 2.90%...
Nearly half (47.7%) of mortgaged residential properties were considered equity-rich in the fourth quarter of 2024, according to data from ATTOM. That level is slightly lower from the 48.3% in the third quarter and from a recent peak of 49.2% in the second quarter –...
A Pennsylvania museum focused on a historic flood was forced to close indefinitely because its building was flooded. WJAC.com reports the Johnstown Flood Museum experienced a valve failure on the building’s third floor, with water pouring through the walls. The...
Hits and Misses for the Real Estate Week of April 27-May 1
