The Bank of Canada announced it is holding its overnight rate at 2.25%, with the Bank Rate remaining at 2.5% and the deposit rate at 2.20%, respectively. “Financial conditions have been volatile, reflecting daily developments in the Middle East and shifting market...
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $706 billion in 2025. According to data from the Mortgage Bankers Association, last year’s total marked a 40% increase from the $505 billion in 2024 and a 65% spike from the $429...
The Departments of Housing and Urban Development (HUD) and Agriculture (USDA) have rescinded a Biden-era policy requiring all new home construction ineligible for an FHA or USDA-backed mortgage loans unless the property was built according to the 2021 International...
A proposed redevelopment project in Albany, New York, that was centered around the creation of an 8,000-seat minor league soccer stadium is going forward without the sports venue. The Albany Times-Union reports the project to reanimate the downtown section of the New...
Single-family housing starts in March were at a rate of 1.03 million, a 9.7% spike from the revised February figure of 941,000. According to data from the US Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in March...
Hedge fund executive Ken Griffin announced he is meeting with New York Gov. Kathy Hochul on Thursday after New York City Mayor Zohran Mamdani singled him out while advocating for a new tax on luxury real estate. Reuters reports Griffin, the founder and CEO of Citadel...
