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Federal Reserve Maintains Rate Range
The Federal Reserve has opted to hold rates at their current level. The central bank’s policy making Federal Open Market Committee stated it will “maintain the target range for the federal funds rate at 3.5% to 3.75%.” The vote...
Federal Reserve Maintains Rate Range
Only Fed Gov. Stephen Miran dissented, with a call for a quarter-percentage point rate cut. Continue Reading Federal Reserve Maintains Rate Range
Wendy’s to Close Hundreds of Restaurants Following Weak Q4 Financial Performance
The Wendy’s Co. (NASDAQ: WEN) is planning to close several hundred US restaurants after reporting a dismal fourth quarter financial performance. The Associated Press reports the Dublin, Ohio-headquartered company experienced a 10% year-over-year decline in its global...
Hits and Misses for the Real Estate Week of Feb. 9-13
A Capitol Hill conundrum on affordable homeownership, another state wants the Chicago Bears, and a historic theater reopens for business. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 9-13. Miss: A Problem, Not a...
Massachusetts to Study Building Code Change to Enable More Housing Construction
Massachusetts Gov. Maura Healey has issued an executive order to study allowing single stair construction in some residential buildings, with the goal of changing the state’s building code to increase housing production and lower costs. The state’s building code...
News & Current Events
Grassroots Utah Group Quits Effort to Overturn Property Tax Hike
Ax the Tax sought to collect petition signatures that would have placed the property tax overturn on November’s ballot. Continue Reading Grassroots Utah Group Quits Effort to Overturn Property Tax Hike
Winnipeg Shopping Center Sells for $160.5 Million
St. Vital Centre encompasses approximately 1 million square feet of gross leasable area and features 160 retailers. Continue Reading Winnipeg Shopping Center Sells for $160.5 Million
Sen. Tillis Rebuffs Effort to Lift His Opposition to Kevin Warsh as Next Fed Chairman
Treasury Secretary Bessent called on called on the Banking Committee to proceed with a hearing on Warsh’s nomination despite Tillis’ stand. Continue Reading Sen. Tillis Rebuffs Effort to Lift His Opposition to Kevin Warsh as Next Fed Chairman
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Bilt Adds Venmo for Housing Payment Options
Bilt will add Venmo to its existing payment options of ACH, debit, and any linked credit card. Continue Reading Bilt Adds Venmo for Housing Payment Options
South Korea Creates Task Force to Address Real Estate Fraud
The government cited “artificially inflating home prices, false transaction reports, and fraudulent subscriptions” as the main concerns that sparked the task force’s creation. Continue Reading South Korea Creates Task Force to Address Real Estate Fraud
Hits and Misses for the Real Estate Week of Oct. 27-31
Government officials being forced out of their homes by threats of violence, Zohran Mamdani’s silence on contentious housing proposals, and a soccer stadium where you’d least expect it. Continue Reading Hits and Misses for the Real Estate Week of Oct. 27-31
Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
This is the lowest turnover rate in at least 30 years. Continue Reading Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
The Shops at Laguna, California Shopping Center, Sells for $19.1 Million
The property encompasses four parcels totaling 4.16 acres. Continue Reading The Shops at Laguna, California Shopping Center, Sells for $19.1 Million
Fed to Reduce Staff in Banking Supervision Group by 30%
The reduction is expected to be completed by the end of 2026. Continue Reading Fed to Reduce Staff in Banking Supervision Group by 30%
Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments
House Speaker Daniel Perez, a Republican, took umbrage over DeSantis’ remarks. Continue Reading Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments
Related to Build $7 Billion Michigan Data Center for OpenAI-Oracle’s Stargate Project
Related will build the facilities and infrastructure for this project while Oracle will lease the campus. Continue Reading Related to Build $7 Billion Michigan Data Center for OpenAI-Oracle’s Stargate Project
Carrington Holding Company Acquires Reliance First Capital
The terms of the deal were not disclosed. Continue Reading Carrington Holding Company Acquires Reliance First Capital