The U.S. House of Representatives has passed a bill to reopen the federal government, ending the government shutdown after a record-long 43 days. The White House says President Donald Trump is prepared to quickly sign the bill, which will fund the government through Jan. 30, without extending the expiring health care subsidies Senate Democrats had … Read more
Investors snapped up about a quarter of all single-family homes sold in Philadelphia over a period of six years, concentrating in predominantly Black and Hispanic neighborhoods with lower prices—raising concerns about affordability and the quality of available housing, a new study reveals. Most of the investors, ranging from small outfits to large corporations, who … Read more
November brings big changes for some of The Real Deal’s markets. New York City begins saying goodbye to Mayor Eric Adams, who dropped his reelection bid in September after months of trailing in the polls. In the final stretch of the mayoral election, Democratic nominee and frontrunner Zohran Mamdani made his case to business crowds, … Read more
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more
When a Massachusetts Land Court judge took up the vexing question of short-term rental (STR) regulations in Nantucket in March 2024, residents hoped that years of contentious debate might finally be resolved. Instead, what locals now call “the bombshell ruling”—followed by an even more restrictive decision in June 2025—has created additional uncertainty and higher stakes. … Read more