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It’s said the darkest hour comes just before dawn. Some hope that’s a fitting metaphor for Midtown Manhattan, a district written off by pandemic-period pundits decrying vacant streets, barren storefronts and towers devoid of office workers who formerly populated the once-lively enclave. Just when it seemed Midtown had entered the point of no return, innovators
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Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of Realtors. Month-over-month sales varied across the four major U.S. regions as two regions recorded increases, one was unchanged and the other posted a drop. On a year-over-year basis, however, sales fell in all regions.
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Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results include an adjustment for the observance of Labor Day. Since last year, homebuyers’ demand for mortgages has
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New York Attorney General Letitia James on Wednesday sued former President Donald Trump, the Trump Organization, three of his adult children and others for allegedly widespread fraud involving years’ worth of false financial statements related to the company’s business. The 220-page civil lawsuit filed in Manhattan Supreme Court seeks at least $250 million in damages.
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The Federal Reserve raised the target federal funds rate by 0.75 percentage points for the third time in a row, in an effort to cool down unrelenting inflation. Fed officials have raised the benchmark short-term borrowing rate a total of five times this year, including 75 basis point increases in June and July, marking an unprecedented pace.
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An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A bombshell lawsuit against former President Donald Trump filed Wednesday contains a head-spinning amount of detail about real estate, loans and other financial arrangements
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Vern Buchanan, R-Fla., may be frontrunner for chairman of the House Ways and Means Committee should Republicans win control of the House in November, but Jason Smith, R-Mo., whose efforts in recent months mark him as a close second and Adrian Smith, R-Neb., trails just behind in a tight race to lead one of Congress’
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