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The national housing agency says the seasonally adjusted rate of housing starts came in at 238,971 units in June compared with 253,083 in May. The six-month moving average of the seasonally adjusted annual rate was 248,123 units for June, down 2.8% from May. The results came as CMHC says the number of units under construction…
Modera Wealth Management, a Westwood, N.J.-based registered investment advisor overseeing $17.5 billion in assets, appointed Gaurav Mallik as chief investment officer and Shelly Kapoor as chief operating officer. Mallik, based in Modera’s Boston office, will lead the firm’s investment strategy and guide portfolio allocation, investment solutions and governance framework, according to an announcement. Kapoor, based…
While community banks have steadily lost market share by almost every conventional metric, they have simultaneously become more systemically important to the parts of the economy that cannot easily be standardized. Despite holding a fraction of U.S. banking assets, they remain the financial infrastructure for rural economies, agricultural borrowers and small businesses that national lenders…
Pending home sales fall by 5.4% in June: NAR – Scotsman Guide Skip to content error: Content is protected !! This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social media, advertising…
While short sales are still uncommon, their occurrence has been slowly increasing as homeowners with negative equity look for alternatives to foreclosure, particularly in several mid-priced markets where these transactions are most concentrated. A short sale refers to a real estate deal where a financially troubled homeowner sells their home for an amount that is…
Freddie Mac has laid the groundwork for some new distressed single-family mortgage procedures as part of its broader efforts to improve servicing operations over the past several years. Processing Content The government-sponsored enterprise, which is one of two that buy a large number of the middle-class home loans that private lenders fund in the United…
Included in the 23 proposals of a new roadmap unveiled on Thursday by the Mamdani administration are small elevators in walk-up buildings, official acknowledgment of tenant unions, a reassessment of credit checks, and the commonly enforced stipulation that prospective tenants must earn 40 times the monthly rent. The report outlines 23 recommendations structured around four…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 16, 2026 Federal Reserve Board issues enforcement action with former chief lending officer of Heritage State Bank For release at 11:00 a.m. EDT The Federal Reserve Board…
Despite oft-repeated fears of retail’s pandemic-drive demise, South Florida’s retail sector is enjoying a combination of low vacancy rates, resilient rental rates and robust leasing and investment sales. That’s according to market reports released Thursday by commercial real estate brokerage Colliers. SEE ALSO: Live Shopping Marketplace Storefront Takes 5K SF at 555 West 25th Street…
At midday on Thursday, cotton futures prices are back down 260 to 396 points from the Wednesday close. Futures closed the Wednesday session with contracts up 24 to 96 points. Crude oil is was up a modest 10 to 15 cents per barrel late morning, with the US dollar index up 25 points. Export Sales…