Housing Wire
Opinion: Will new changes make houses more affordable?
In 1904, the first world’s fair opened in St. Louis. It was there that the world learned how to host a fair and pack on pounds. An ice cream vendor who ran out of […]
Year: 2024
Housing Wire
HUD and FHA announce new appraisal bias protections
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value […]
Housing Wire
New bill seeks to expand Social Security benefits for seniors
Lawmakers in the U.S. House of Representatives and U.S. Senate are seeking to address the rising costs of living for U.S. seniors, primarily those living on fixed incomes, which would be accomplished by increasing […]
Housing Wire
Fed holds rates steady for the sixth straight time
The Federal Reserve’s Federal Open Markets Committee (FOMC) maintained its short-term policy interest rate steady at a range of 5.25% to 5.5% for a sixth consecutive meeting on Wednesday. “The Committee does not expect […]
Weely Real Estate News
JoAnn Blaylock Named President of Birchstone Residential
Coppell, Texas-based Birchstone Residential, the in-house property management company division of the multifamily investment firm Ashcroft Capital, announced the appointment of JoAnn Blaylock as president. Blaylock was previously president of Quarterra Living, the property management […]
Weely Real Estate News
Blackstone Completes Acquisition of Toronto’s Tricon Residential
Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) have completed their previously announced plan in which Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust Inc. acquired all the outstanding […]
Weely Real Estate News
Federal Reserve Keeps Rates Unchanged
To the surprise of no one, the Federal Reserve has opted to maintain interest rates at the current level. The central bank’s policymaking Federal Open Market Committee stated it would keep the target range for […]
Weely Real Estate News
CMBS Delinquency Rate Soars Above 5% for First Time Since September 2021
The commercial mortgage-backed securities (CMBS) delinquency rate surged in April by 40 basis points to 5.07%, according to new data from Trepp Inc. This marked the highest delinquency rate level since the 5.35% that was […]
Weely Real Estate News
New 1 Million SF Development Planned for Brooklyn Waterfront
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 […]
New York Post
Skittles contest promises free rent for a year in eye-popping ‘micro’ NYC apartment
Taste the rainbow. Live the rainbow. In honor of Skittles’ newest innovation, Skittles Littles, they’re encouraging fans to live large — in a small but impressive way. One lucky person will get the chance to […]