Two new data reports have reaffirmed the continued acceleration of home prices. The national required household income to purchase the median priced home rose to $116,000 in April, after accounting for the cost of tax and insurance, according to new data from...
The Naftali Group, a Manhattan-based developer, is partnering with the investment firm Access Industries on Williamsburg Wharf, a Brooklyn waterfront development consisting of five 22-story residential towers encompassing 850 condominium units. The new development is...
Mortgage demand weakened last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.3% on a seasonally adjusted basis from one week earlier; the...
Nearly half of homeowners whose adult children moved out have seen them move back in, according to the 2024 Boomerang Kids Survey published by Thrivent. In an April survey of 2,201 adults, 46% of parents said their adult children returned home to live with them at...
Sandra L. Thompson is director of the Federal Housing Finance Agency (FHFA). This article is excerpted and edited from written testimony delivered before a recent hearing conducted by the U.S. Senate Committee on Banking, Housing and Urban Affairs. In August 2022,...
BCB Bancorp Sells $205.3 Million in Problem Loans, Takes $43.3 Million Loss
