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Existing Home Sales Up by 1.7% in February
Existing home sales increased by 1.7% month-over-month in February, to a seasonally adjusted annual rate of 4.09 million, according to data from the National Association of Realtors (NAR). On a year-over-year basis, sales were up by 1.4%. Month-over-month sales...
Existing Home Sales Up by 1.7% in February
The median existing home price for all housing types in February was $398,000, up by 0.3% from one year ago ($396,800). Continue Reading Existing Home Sales Up by 1.7% in February
Powell to Attend Supreme Court’s Oral Arguments for Lisa Cook Mortgage Fraud Case
Federal Reserve Chairman Jerome Powell is planning to attend Wednesday’s oral arguments before the US Supreme Court in the case of President Trump’s attempt to fire Fed Gov. Lisa Cook over allegations that she committed mortgage fraud. The Associated Press, sourcing...
Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
A federal bankruptcy judge approved the $451 million sale of a 93-building portfolio encompassing more than 5,100 rent-stabilized apartments in New York City, ignoring efforts by Mayor Zohran Mamdani to block the transaction. The Gothamist reports the real estate firm...
New York Stock Exchange Develops Tokenized Securities Platform
The New York Stock Exchange (NYSE) has developed a platform that would enable the trading and on-chain settlement of tokenized securities. Subject to regulatory approvals, the new platform will accommodate 24/7 operations, instant settlement, orders sized in dollar...
News & Current Events
New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
The Build Housing, Unlock Benefits and Services (HUBS) Act is from Sens. John Curtis (R-UT) and Lisa Blunt Rochester (D-DE). Continue Reading New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
2 Hotels in St. Paul Closed for ‘Public Safety Concerns’ Over ICE Agents as Guests
A third hotel, the Hilton Canopy in Minneapolis, has stopped accepting reservations but is still open for business. Continue Reading 2 Hotels in St. Paul Closed for ‘Public Safety Concerns’ Over ICE Agents as Guests
Gary, Indiana Offers 3 Possible Sites for New Chicago Bears Stadium
“A move to Gary isn’t just about a building; it’s about building a dynasty,” said Mayor Eddie Melton. Continue Reading Gary, Indiana Offers 3 Possible Sites for New Chicago Bears Stadium
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SBA Disburses Over $1.5 Million to Texas Flood Victims
In the first month following the disaster, SBA has approved more than $8 million in federal disaster loans to the impacted areas. Continue Reading SBA Disburses Over $1.5 Million to Texas Flood Victims
NY Attorney General Letitia James Subpoenaed Over Trump Fraud Case
A spokesperson for James issued a statement that said,”Any weaponization of the justice system should disturb every American.” Continue Reading NY Attorney General Letitia James Subpoenaed Over Trump Fraud Case
Tucson Rejects Proposal for 290-Acre Data Center
Beale Infrastructure, a San Francisco-based development company behind the proposal, planned to bring Amazon Web Services data center to the property. Continue Reading Tucson Rejects Proposal for 290-Acre Data Center
Company to Pay $16 Million for Selling Faulty Air Conditioners
According to a 2021 recall notice, a woman died in August 2016 from smoke inhalation and her two children were injured after their Royal Sovereign air conditioner caught fire. Continue Reading Company to Pay $16 Million for Selling Faulty Air Conditioners
11th Century Italian Castle Listed at $4.16 Million
The 102,257-square-foot residence with 10 bedrooms and 10 bathrooms is located roughly 15 miles south of Milan. Continue Reading 11th Century Italian Castle Listed at $4.16 Million
Leader of Movement to End Michigan’s Property Taxes Announces Bid for Governor
Karla Wagner is the executive director of Ax MI Tax. Continue Reading Leader of Movement to End Michigan’s Property Taxes Announces Bid for Governor
New Executive Shifts Announced at loanDepot
The promotions are the latest executive shifts to occur since company founder and Chairman of the Board Anthony Hsieh was appointed permanent CEO on July 28. Continue Reading New Executive Shifts Announced at loanDepot
Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy
Miran replaces Adriana Kugler, who last week abruptly announced she would be stepping down from the board, effective Aug. 8. Continue Reading Trump Names Council of Economic Advisors Chairman Stephen Miran to Temporarily Fill Fed Board Vacancy
Price Premium for New Construction Drops to Record Low
New build list prices declined in 30 of the nation’s 100 largest metros, with the steepest declines in the South. Continue Reading Price Premium for New Construction Drops to Record Low