As of July 31, major US retailers announced 3,255 store openings and 3,399 store closures year-to-date, according to a new data report from Coresight Research. This resulted 144 net store closures, compared with 1,778 net store closures in the comparable period of...
After five consecutive weeks on the rise, mortgage rates finally took a very mild dip. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as of Aug. 13, down from last week when it...
A new data report from the Mortgage Bankers Association (MBA) determined that 2,530 different multifamily lenders originated a total of $381.8 billion in new mortgages for multifamily properties with five or more units during 2025. Last year’s multifamily lending...
The Chicago Bears leadership reiterated that it remains focused on leaving Illinois to build a new stadium across the state line in Hammond, Indiana. However, the team stopped short of making a declaration for an out-of-state relocation. The Chicago Sun-Times reports...
The July housing market had 51.3% more home sellers than buyers, according to data from Redfin. That imbalance was slightly below December’s peak of 51.8% and up from the 47.9% share recorded in June. Nationwide, there were an estimated 966,752 buyers in the...
New York City Mayor Zohran Mamdani reluctantly jettisoned his campaign promise to demolish the 20,000-square-foot Elizabeth Street Garden in Lower Manhattan in favor of affordable housing for seniors. The garden would have been razed in favor of a 123-unit housing...