This cherry of a unit atop America’s most expensive apartment building has undergone an enormous discount. When the penthouse apartment at Midtown Manhattan’s Central Park Tower listed last September, its sky-high $250 million asking price […]
New York-based multichannel lender US Mortgage Corporation has named Nino Saso as chief production officer. A mortgage industry veteran with over three decades of experience, Saso was previously a divisional sales manager at Nations Lending. […]
A members-only British brand is coming for upstate New York. Two decades after coming to America, the UK-born private club Soho House — which celebrated its anniversary this week at its New York City location […]
A second consecutive benign set of inflation prints adds to optimism that the Fed rate hike cycle is at an end and a soft landing is achievable for the US economy. We continue to have our […]
(Reuters) – Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing $1 trillion for the first time even as […]
(Reuters) – Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to ‘AA+’ from ‘AAA’ after the U.S. rating […]
Loosening pandemic restrictions were expected to prompt an influx of foreign buyers in the housing market, but other factors are keeping international purchasers away. Foreign buyers bought $53.3 billion of existing homes in the United […]
WASHINGTON -The US Federal Reserve’s united front against inflation could be harder to hold together going into the next hike in September, with strong economic data and falling inflation figures fueling disagreement over the best […]
The US economy may avoid a recession after all. That’s not great for sidelined homebuyers. A recession would likely cause interest rates to fall, bringing down mortgage rates and adding housing inventory. High borrowing costs […]
(Reuters) – Contracts to buy previously owned homes increased in June for the first time since February, suggesting that the housing market is recovering from the low point of its recent declines. The National Association […]
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