Manhattan Homebuyers’ ‘Fear of Missing Out’ Starts to Dissipate
Real estate sales in Manhattan are starting to slow from the frenzied pace of recent years amid stock market declines and recession talk. Manhattan’s hot real estate market is starting to…
Mortgage Lenders Turn ‘Desperate’ as Soaring Rates Roil Industry
Home-lending employees are facing risk of job cuts, slumping business as one of the fastest jumps in mortgage rates starts to cool the US housing market. Danny Meier had one…
Bidding Wars Overheated the Home-Buyer Market, Now They’re Coming for Renters
Competition among renters means many tenants feel compelled to pay more each month than what the landlord is asking When Donna Jones and her husband looked to rent a home…
US Housing Starts Decline to Lowest Level in More Than a Year
New US home construction dropped in May, highlighting the impacts of ongoing supply chain challenges and sinking sales as mortgage rates rise. Residential starts declined 14.4% last month to a…
Real Estate Billionaire Stephen Ross Says Recession Would Drive People Back to Office
Real estate billionaire Stephen Ross says companies struggling to get workers to return to offices could see a flood of employees heading back if a recession hits the US. “Employers…
US Faces a Fed-Triggered Recession That May Cost Biden a Second Term
Rate hikes to counter inflation lift risk of a downturn to 72% in Bloomberg Economics models — heralding trouble for the White House Soaring prices are hurting Americans. The cure is going…