Roughly five months after the upscale grocery chains Foxtrot Market and Dom’s Kitchen & Market merged in an all-stock deal to become Outfox Hospitality, the combined entity announced the immediate closure of all 35 of its stores. The impacted location includes 33...
Nearly two out of five homeowners (38%) said they could not afford to buy their own home if they were purchasing it today, according to a new report from Redfin (NASDAQ: RDFN). In a February survey of nearly 3,000 U.S. residents, 59% of homeowners who answered...
The first standalone Four Seasons branded residences in Florida will be opening in Miami’s Coconut Grove. Four Seasons partnered with the real estate development firms CMC Group and Fort Partners on the Four Seasons Private Residences Coconut Grove. The new 20-story...
The judge who oversaw the Sitzer/Burnett lawsuit has granted preliminary approval to the National Association of Realtors’ (NAR) $418 million settlement. As part of the settlement, NAR will allocate the $418 million into a fund over a four-year period. NAR also agreed...
While 60% of Canadians believe homeownership is a good investment, half of Canadians complained that inflation is eroding their ability to save for a home, according to the 30th annual Homeownership Poll conducted by RBC (NYSE:RY). In an online survey of 2,824...
Tom Barkin is president of the Federal Reserve Bank of Richmond. This article is adapted and edited from a recent speech delivered before Virginia’s Home Building Association of Richmond. Contrary to most forecasts, including my own, the economy finished 2023 strong....
Hits and Misses for the Real Estate Week of June 15-19
