Sen. Elizabeth Warren (D-MA) has introduced a $550 billion plan to fund the construction of approximately 3 million new housing units by raising estate taxes. Warren’s endeavor, dubbed the American Housing and Economic Mobility Act, encompasses a wide range of pledges...
Nearly half (49.2%) of mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This marked an increase from the 45.8% level recorded in the first quarter while matching the high point from the first quarter...
The Federal Trade Commission (FTC) announced it will distribute over $12 million in refunds to more than 25,000 consumers who paid Zurixx LLC for a dubious house flipping investment training program. The FTC and the Utah Department of Commerce Division of Consumer...
The Bank of England trimmed the base rate by a quarter-point to 5%. This marked the first rate cut by the UK’s central bank since March 2020. Within the Bank of England, the rate cut decision was somewhat contentious, with the Monetary Policy Committee voting...
James H. Schloemer is chairman of the National Multifamily Housing Council. This article is edited and adapted from prepared remarks made on behalf of the National Multifamily Housing Council and the National Apartment Association during a July 24 hearing held by the...
The federal government knowingly withheld informing the tenants in one of its Detroit office buildings contained contaminated water that put their health at risk. The Washington Times reported the General Services Administration (GSA) first tested and confirmed the...
America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?
