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ZD Jasper’s Paragon Launches Sales in Long Island City
ZD Jasper is making its biggest bet yet on the Long Island City condo market. The Great Neck-based developer launched sales Wednesday at the Paragon, a 182-unit building at 45-40 Vernon Boulevard, making it one of the first condo projects on the LIC waterfront in over a decade. A Serhant New Development team led by…
Henry Boot lowers profit outlook amid challenging market conditions
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Q2 Earnings Season Puts Financials & BCFN in Focus
The Q2 earnings season is approaching a critical moment for the financial sector. With Wall Street anticipating massive profit expansions across indexes, investors are fixated on whether corporate growth is correlated with increasing valuations. While tech has dominated market narratives as of late, a strong macroeconomic backdrop is paving the way for financial companies to…
U.S. Properties in Highly Regarded School Districts Priced Higher Than the Average Home
The average cost of a U.S. home situated in a highly rated school district is $580,000, which represents a 35% increase compared to the typical overall home price of $430,000, according to a recent report by Redfin. To purchase a home in a highly rated school zone, a U.S. household would need to have an…
Average five-year fix at highest level since 2023: Moneyfacts – Mortgage Strategy
The average two-year fixed jumped by 17 basis points and the five-year rate by 16bps over the past week as a wave of lenders hiked prices. Moneyfacts’ weekly rate watch data showed substantial movements following repricing by major banks and building societies. The average five-year rate reached 5.88%, the highest it has been since October…
Rates steady, but economists see a different move on the horizon
Stephen Brown, chief North America economist at Capital Economics, pushed that timeline earlier, suggesting “an interest rate hike at the final meeting of the year, in December, is arguably now looking more likely” than a delay to mid-2027, contingent on energy prices holding near current levels. Etienne Bordeleau-Labrecque, vice president and portfolio manager at Ninepoint…
