The delinquency rate for mortgage loans on one-to-four-unit residential properties during the second quarter decreased to a seasonally adjusted rate of 4.37% of all loans outstanding, according to data from the Mortgage Bankers Association (MBA). The delinquency rate...
Kentucky Gov. Andy Beshear is complaining that the Trump administration failed to inform him of its plans for a $100 billion data center campus on federal land in his state. The proposed Paducah American Energy Hub is slated to be built on a 3,500-acre Department of...
Indiana Colts cornerback Sauce Gardner is suing a Michigan construction company for allegedly defrauding him in a Detroit real estate investment. TMZ reports the NFL star was advised by Nicholas Sanborn of Sanborn Construction on the acquisition of a 102-year-old...
Minneapolis Mayor Jacob Frey is proposing to hike his city’s residential property tax levy by 11.3%, the largest increase in six years. Axios reports Frey’s proposal is designed to address his city’s $30 million revenue shortfall coupled with financial demands to...
The Washington Commanders have selected a joint venture of Clark Construction Group, Mortenson, and Smoot Construction Company of Washington, DC to lead the construction of its new 1.8 million-square-foot stadium in Washington, DC. The new 65,000-seat enclosed stadium...
The national multifamily vacancy level is predicted to increase to 8.2% by the end of this year before easing to 8.1% at the end of 2027, according to a new forecast by Apartments.com, an online marketplace of CoStar Group Inc. (NASDAQ: CSGP). Stabilized vacancy is...