Around 2 million New Yorkers living in stabilized apartments will likely see their rents climb for the third year in a row, after the board tasked with setting rates okayed a range of possible hikes at a raucous preliminary vote on Tuesday — as tenants and their board representatives walked out in protest.

The rest of the Rent Guidelines ...Read more

At the start of the year, the nation’s top economists thought the Federal Reserve would be using its May rate announcement to tee up the first cut of its fiercest inflation-fighting regime in 40 years.

Now, as inflation stays more stubborn than expected, they’re wondering whether those cuts are delayed — or completely canceled.

It’s ...Read more

Sara Kemper and Betsy Ohrn have been besties since first grade, so they've shared a lot through the years: even the mortgage on a St. Paul house that's much larger and grander than anything they could have afforded individually.

"We needed something we could grow into," said Kemper, recalling the house-shopping wish list she, Ohrn and their ...Read more

The often-cited goal of having a $1 million retirement nest egg needs to be retired itself. Adjusted for inflation, it would take nearly $1.9 million to have the same purchasing power today as in 1999, when the oldest of millennials were just turning 18. Granted, $1 million still sounds like a lofty sum to many Americans, which could be why so ...Read more

A controversial housing law that abolished single-family zoning across California has been ruled unconstitutional by a Los Angeles County judge — but the narrow ruling is likely to be appealed by the state.

Passed in 2021, SB 9 allows single-family homeowners to split their lots in two and build two homes on each lot — allowing up to four ...Read more

Mortgage rates in the U.S. increased for a fourth straight week.

The average for a 30-year, fixed loan was 7.17%, up from 7.1% last week, Freddie Mac said in a statement Thursday.

House hunters looking to land a deal during the typically busy spring season are having to dig deeper to afford a purchase. Borrowing costs have climbed fairly ...Read more

The Salovin family pays $26,000 a year for childcare for their two daughters.

For them, it’s a worthwhile expense, knowing their 1- and 4-year-old girls are at a licensed facility and they can both stay in the workforce.

But even the Delaware County, Pennsylvania, couple — who work in health-care administration and pharmaceuticals — is ...Read more

Nine years ago, one of Silverthorne, Colorado’s few income-restricted housing properties was sold to a private firm. The sale — at a price that was double the property’s assessed value — raised worries in the high-cost mountain community that the new owner of the Blue River Apartments might lift rent caps that had kept its 78 units ...Read more

The fault lines running through California's spiraling homeowners insurance crisis were on display Tuesday at a state hearing, where consumer advocates clashed with industry firms over a plan to allow insurers to use complex computer models to set premiums — a move state officials say will attract insurers to the market.

State Insurance ...Read more

Multiple veteran Las Vegas real estate agents say they are largely on board with the upheaval currently going on in their industry.

It’s time for change and more transparency in their governing bodies, they say.

A federal appeals court ruled earlier this month that the U.S. Justice Department could restart its investigation into the policies...Read more

PulteGroup last quarter had revenues of $3.8 billion, a 10% jump from the same period a year ago, as the nation’s housing shortage promises to fuel more construction, the company announced Tuesday.

The Atlanta-based homebuilding giant reported a 32% bounce in earnings, an 11% increase in the number of homes sold, as well as a higher profit ...Read more

Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?

A new Bankrate survey found that only about half (53%) of Americans are planning a summer ...Read more

Private equity has been an outperforming investment options for years, but it's not been an option for most investors.

Private equity investment options have generally been reserved for institutional investors or people who have at least $5 million or more to commit. That has left the bulk of investors watching from the lobby.

Now Minneapolis-...Read more

California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July.

The two companies, units of Japan-based Tokio Marine Holdings Inc., disclosed their plans in ...Read more

Sales of previously-owned homes in the U.S. fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.

Contract closings decreased 4.3% from a month earlier to a 4.19 million annualized rate, according to National Association of Realtors data released Thursday. The pace was in line with ...Read more

With two major expansions of downtown Los Angeles cultural institutions in the works, Bunker Hill is primed to elevate its status as the region's leading arts center even as the area around it struggles with persistent homelessness and post-pandemic losses of office tenants.

Bunker Hill will soon have the largest concentration of buildings ...Read more