Current News & Events
CMBS Delinquency Rate Rises to 7.47%
The lodging sector’s delinquency rate recorded the largest decline of the month, falling 105 basis points to 5.56%. Continue Reading CMBS Delinquency Rate Rises to 7.47%
Australia’s Central Bank Approves First Interest Rate Hike in 3 Years
Jim Chalmers, Australia’s treasurer, acknowledged the rate hike “will be difficult news for millions of Australians.” Continue Reading Australia’s Central Bank Approves First Interest Rate Hike in 3 Years
Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
At $1.3 million, Chinese buyers had the highest average purchase price. Continue Reading Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
Single-Family Housing Starts Down in June
Single-family housing completions in June were at a rate of 1.03 million, which is 1.8% above the revised May rate of 1.01 million. Continue Reading Single-Family Housing Starts Down in June
North Carolina Regional MLS Expands into Georgia
North Carolina Regional MLS (NCRMLS) has expanded into Georgia with the strategic additions of Savannah MLS, Athens Area Association of Realtors & Classic MLS, and the Realtors of Greater Augusta. NCRMLS is a wholesale cooperative multiple listing service used by...
Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term
Powell’s term concludes in 2026 and his seat on the Fed’s board of governors is secured through 2028. Continue Reading Trump is Open to Jamie Dimon as Treasury Secretary, Powell Serving Out Fed Term
Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
Developer Sergio Pino Dies from Suicide Amid FBI Raid on His Home
Pino was the founder of Century Homebuilders Group. Continue Reading Developer Sergio Pino Dies from Suicide Amid FBI Raid on His Home
11 Civil Rights Movement Sites Recommended for UNESCO World Heritage List
There are currently 1,199 World Heritage Sites in 168 countries, including 25 in the US. Continue Reading 11 Civil Rights Movement Sites Recommended for UNESCO World Heritage List
Elon Musk, Citing Controversial California Law, to Relocate X and Space X HQs to Texas
“The state will take away your kids in California,” Musk tweeted. Continue Reading Elon Musk, Citing Controversial California Law, to Relocate X and Space X HQs to Texas
A Phil Hall Op-Ed: Who Wants to Live in a Post Office?
Why did the USPS wait until now to realize that it had “certain surplus properties” that is could have jettisoned? Continue Reading A Phil Hall Op-Ed: Who Wants to Live in a Post Office?
Builder Confidence Drops to 7-Month Low
NAHB Chief Economist Robert Dietz predicted “Fed rate reductions to begin at the end of this year.” Continue Reading Builder Confidence Drops to 7-Month Low
