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 […]
Real Estate
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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 […]
Real Estate
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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 […]
Real Estate
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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 […]
Real Estate
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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 […]
Real Estate
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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 […]
Real Estate
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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 […]
Real Estate
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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’ […]
Real Estate
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Model Karolina Kurkova and husband are at war with Fisher Island’s exclusive members-only club
Supermodel Karolina Kurkova and her husband, real estate broker Archie Drury, are suing the Fisher Island Club, an exclusive members-only club on a private island near Miami. Filed […]
Real Estate
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Home Depot exec says Americans may soon embrace sky-high mortgage rates as ‘the new normal’ and invest in housing anyway
A Home Depot executive has suggested that Americans might soon come to terms with elevated mortgage rates as “the new normal” and continue investing in housing regardless. This […]