Hoping to spur apartment construction, Seattle City Council members will soon consider a plan to slash fees developers of new housing pay.

The proposal from Councilmember Dionne Foster, slated for an initial hearing Friday, would temporarily offer developers a 60% to 80% break on Mandatory Housing Affordability fees the city charges on new ...Read more

PHILADELPHIA — Charmira and Quincy Pilgrim wanted to become homeowners a decade ago when they got married.

But over the years, job losses, jobs that didn’t pay enough, children, unpaid maternity leave, and rising costs of living made saving for homeownership impossible.

They were finally able to start putting money away late last year. And...Read more

Cheryl Palumbo was out shopping for herself and her husband last week to pick up some items she had forgotten the day before at the supermarket — and couldn’t quite believe her bill.

The 78-year-old retiree had already spent $150 and here she was back at her local Ralphs forking over another $70 for fruit, vegetables and other food crammed ...Read more

The U.S. national debt now exceeds $40 trillion — a MEGO number, which stands for "my eyes glaze over." Why should you care? No one else seems worried. Not Congress, for sure. They just keep spending and borrowing more.

There’s always been someone willing to lend us money. The rest of the world — until now — has been comfortable buying ...Read more

Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote Tuesday, sending cryptocurrency stocks tumbling after a major setback for industry.

The long-stalled legislation sought by crypto firms would hand the Commodity Futures Trading Commission the primary authority to regulate the digital assets ...Read more

Legislation that will extend mortgage relief to victims of the January 2025 Los Angeles County wildfires and establish a similar permanent program for disaster victims statewide was signed into law Tuesday by California Gov. Gavin Newsom.

The mortgage forbearance bills by Assemblymember John Harabedian, D-Pasadena, who represents the devastated...Read more

The U.S. 10-year Treasury yield surpassed 5% for the first time since 2023 on Monday, as mounting inflation angst collided with swelling government and corporate borrowing needs.

The yield, a benchmark for U.S. mortgage loans and bonds globally, rose almost 5 basis points to as high as 5.01%, before paring much of the increase as buyers emerged...Read more

A push by the cryptocurrency industry to pass a monumental piece of federal legislation has run into a small, but loud, foe: an army of rural community banks.

Randy Dorn, who leads My Kind of Bank in the small northwest Minnesota town of Battle Lake, is among them and said the legislation as written will create unfair competition for banks like...Read more

Los Angeles renters are looking for a way out, while few outsiders are looking for a way in.

According to a recent Zillow report, L.A. residents are the most likely to be checking out rentals in Las Vegas. They also make up the largest out-of-town demographic window shopping for rentals in Phoenix, Salt Lake City and San Diego.

For L.A. ...Read more

Miami commissioners voted Thursday to get a grasp on short-term vacation rentals operating throughout the city, with the goal of stricter regulation and a shutdown of illegal units causing chaos in residential neighborhoods.

District 2 Commissioner Damian Pardo made the proposal, which instructs the city manager to submit a comprehensive report...Read more

Nearly 3 million people opened accounts at TreasuryDirect.gov to buy Series I U.S. savings bonds when the rates — based on inflation — made headlines in 2022. Millions more savers have created TreasuryDirect accounts to purchase Treasury bills at the weekly auctions — especially during periods when T-bill rates are higher than bank CDs.

...Read more

CHICAGO — Hundreds of residents from Bridgeport, Chinatown and Armour Square gathered at Rate Field Tuesday morning to protest plans by Amtrak and billionaire Justin Ishbia to establish a giant railroad maintenance facility nearby and possibly move the White Sox out of the team’s longtime home on the South Side.

Ald. Nicole Lee, 11th, said ...Read more

Beachgoers may be the big winners in a high-profile dispute between the California Coastal Commission and Mark Attanasio, the billionaire businessman who owns the Milwaukee Brewers baseball team.

In 2024, Attanasio's construction team was accused of using excavators to dig up sand from Broad Beach and carry it back to his property as part of a ...Read more

Coinbase Global Inc. is taking the first regulatory step toward letting U.S. investors make leveraged, round-the-clock bets on stocks without owning them, seeking to bring one of crypto’s most popular forms of trading onshore.

The push is part of a broader effort to bring the crypto trading playbook onshore just as digital-asset venues are ...Read more

In Indian Creek Village, money can buy you a $100 million mansion, a sprawling waterfront compound and a front-row seat to one of the most exclusive enclaves in South Florida.

But you still have to follow the rules created when the village first incorporated in 1939.

Welcome to Billionaire Bunker, where some of the world’s richest people ...Read more

Home seekers around Southern California were feeling profound sticker shock.

Median prices had hit records never seen before.

First-time buyers were desperately slapping down-payments on modest ranch homes in far-flung desert communities, enduring long commutes just to escape the rental market.

“We were lucky,” said one new homeowner who ...Read more

The developers of Las Vegas’ biggest new community in years have closed their purchase of the site, giving them 900-plus acres with plans for thousands of homes.

Olympia Companies and Bruin Capital Partners teamed up to acquire roughly 940 acres in the upper northwest Las Vegas Valley for $94 million, Olympia executive vice president Chris ...Read more