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Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
The stadium will anchor the proposed mixed-use Walton & One development, formerly known as City Center. Continue Reading Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
The stadium will anchor the proposed mixed-use Walton & One development, formerly known as City Center. Continue Reading Florida City Gives Preliminary Approval to 6,000-Seat Soccer Stadium
Real Estate Developer Patrick Zalupski in Talks to Buy the Tampa Bay Rays
Real estate developer Patrick Zalupski has signed a letter of intent (LOI) to purchase Major League Baseball’s Tampa Bay Rays. According to a Sportico report sourced from “multiple sources who asked not to be named because the details are private,” the deal values the...
Federal Reserve Holds Rates Steady, Ignoring Trump’s Exhortations
The Federal Reserve resisted repeated calls by President Trump to cut rates. The Federal Open Market Committee, the central bank’s policy making arm, voted unanimously to maintain the target range for the federal funds rate at 4.25%to 4.5%. In announcing its decision,...
Mortgage Rates Trickle Lower
Mortgage rates continued to inch down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of June 18, down from last week when it averaged 6.84%. A year ago at this time, it averaged...
NEWS & CURRENT EVENTS
Mortgage Rates Take an Upswing
The 30-year fixed-rate mortgage averaged 6.83% as of April 17, up from last week when it averaged 6.62%. Continue Reading Mortgage Rates Take an Upswing
Trump Calls for ‘Termination’ of Powell’s Fed Leadership
“Powell’s termination cannot come fast enough!” said the president. Continue Reading Trump Calls for ‘Termination’ of Powell’s Fed Leadership
Housing Starts Dropped in March
Single-family housing completions in March were at a rate of 1.029 million, up by 0.9% from the revised February rate of 1,020 million. Continue Reading Housing Starts Dropped in March
European Central Bank Cuts Interest Rates by 25 Basis Points
The ECB noted that “the disinflation process is well on track” but warned about challenges ahead. Continue Reading European Central Bank Cuts Interest Rates by 25 Basis Points
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Thompson Thrift to Develop 276-Unit Multifamily Community in Vero Beach
The company plans to begin construction this month, with completion expected in summer 2026. Continue Reading Thompson Thrift to Develop 276-Unit Multifamily Community in Vero Beach
Alex de Calice Joins Point as Head of Capital Formation
Before joining the Palo Alto, California-based company, de Calice was president of Tacora Capital. Continue Reading Alex de Calice Joins Point as Head of Capital Formation
A Phil Hall Op-Ed: Can a Biden ‘Moonshot Initiative’ Increase Housing Supply?
Should the federal government take a more proactive role by incentivizing builders to ratchet up the national housing supply? Continue Reading A Phil Hall Op-Ed: Can a Biden ‘Moonshot Initiative’ Increase Housing Supply?
Builder Confidence Remains Unchanged for April
This is the first static reading after four months of index gains. Continue Reading Builder Confidence Remains Unchanged for April
General Motors Reportedly Planning to Relocate from Detroit HQ Complex
General Motors (NYSE:GM) is reportedly considering a move from its iconic Detroit headquarters complex. The trade new site Autoblog, citing Associated Press and Bloomberg reports, stated the auto manufacturer is planning to relocate its headquarters to Hudson’s...
Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores
The sale includes 44 owned and 333 leased properties across Arizona, California, Nevada and Texas. Continue Reading Sale Begins for Real Estate Assets from Bankrupt 99 Cents Only Stores
Sotheby’s International Realty Expands to Poland
The new office is based in the Europejski building in Warsaw’s City Center. Continue Reading Sotheby’s International Realty Expands to Poland
Zillow: Homes Sell on Average After 13 Days on the Market
Today’s sales speed is much faster than the pre-pandemic norm. Continue Reading Zillow: Homes Sell on Average After 13 Days on the Market
Startup to Target Individual Investors for Real Estate Fund Opportunities
“Real estate has always been an area we found compelling and sought to expand into,” said Marcum King, managing director at Allura. Continue Reading Startup to Target Individual Investors for Real Estate Fund Opportunities
FloodFlash Debuts Flood Business Interruption Coverage
Coverage limits are up to $5 million per location, except in Florida where it is $2 million in Florida. Continue Reading FloodFlash Debuts Flood Business Interruption Coverage
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