The Bank of England followed the examples of the European Central Bank and the Bank of Canada by enacting a new rate cut. The central bank’s Monetary Policy Committee (MPC) voted 7-2 to reduce Bank Rate by 0.25 percentage points, to 4.5%. The two dissenting members...
Canadian housing sales and prices are expected to improve over the next two years, according to the 2025 Housing Market Outlook published by the Canada Mortgage and Housing Corporation (CMHC). While acknowledging “foreign trade risks and immigration changes” could...
The mayor of a Rhode Island town is using eminent domain to seize land owned by a developer planning to construct a 252-unit affordable housing development. WPRI.com reports Mayor Joseph Polisena Jr. of Johnston declared last week that his town has taken over 31 acres...
loanDepot Inc. (NYSE: LDI) is teaming with the homebuilder Onx Homes on a new joint venture to provide financing for new homebuyers in Florida and Texas. The venture, named Onx X+ Mortgage, will be headquartered in Georgetown, Texas. In a statement, the companies said...
The Federal Deposit Insurance Corporation (FDIC) has done an about-face on how banks can engage with cryptocurrency-related activities. In a statement released today, Acting FDIC Chairman Travis Hill stated the regulatory agency was “actively reevaluating our...
The US Senate has confirmed Scott Turner as Secretary of the Department of Housing and Urban Development (HUD) in a 55-44 vote. The Senate vote was nearly entirely along party lines with all Republicans and two Democrats – Sens. John Fetterman (D-PA) and Peter Welch...
Hits and Misses for the Real Estate Week of May 4-8
