Mortgage rates in the US have been declining in recent weeks, reaching their lowest level since December, which has encouraged prospective homebuyers as the spring season begins. However, […]
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These are the most competitive rental markets in the U.S.
Despite a record high of nearly 600,000 new multifamily units completed last year, rental competition in the U.S. has intensified, according to a report by RentCafe. New York […]
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Millennial Home Values Will Get Crushed by American Population Decline
Millennials have long faced challenges in the housing market, primarily due to a lack of affordable homes. This issue has been attributed to factors like house-hoarding baby boomers […]
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Trump’s Tariffs Could Increase Housing Costs in the U.S.
Former President Donald Trump’s proposed tariffs are expected to raise housing costs across the United States, with varying impacts depending on the type of construction and location. The […]
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BlackRock Secures Deal to Bring Panama Canal Ports Under American Control
CK Hutchison Holding, a Hong Kong-based conglomerate, has agreed to sell shares of its port operations near the Panama Canal to a consortium led by BlackRock Inc. The […]
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Here’s how tariffs will hit the U.S. housing market
A significant portion of materials used in U.S. home construction, including lumber, drywall, appliances, and finishings, are sourced from outside the United States. The cost of these products […]
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GSA prepares to end about 1,000 federal office space leases nationwide
The General Services Administration (GSA) plans to terminate approximately 1,000 federal real estate leases by week’s end, impacting about 13% of its portfolio. These leases, part of over […]
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Sales of new single-family homes tumbled in January. Here’s one reason why
Sales of new U.S. single-family homes experienced a sharper-than-expected decline in January, as persistently high mortgage rates deterred potential buyers, signaling a slowdown in the housing market and […]
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Pending home sales drop to the lowest level on record in January
High mortgage rates and elevated home prices combined to significantly reduce home sales in January. Pending sales, which are based on signed contracts for existing homes, fell by […]
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Gatwick Airport: Second runway backed by government
The UK government has expressed support for a second runway at Gatwick Airport, contingent on noise reduction measures. Transport Secretary Heidi Alexander stated she is ‘minded to approve’ […]