Set

Cash-Rich Buyers Are Propping Up the Luxury Real Estate Market—With the Value Set To Swell to More Than $338 Billion by 2030

by
Cash-Rich Buyers Are Propping Up the Luxury Real Estate Market—With the Value Set To Swell to More Than $338 Billion by 2030

While the national housing market continues to struggle with affordability constraints and elevated mortgage rates, the luxury segment is booming, and projected to reach a total value of more than $338 billion by 2030.  The domestic residential real estate market is currently valued at roughly $289 billion, but over the next five years, it is expected … Read more

Mortgage Rates Set To Rise After Fed Chair’s ‘Surprising’ Comment About a December Cut

by
Mortgage Rates Set To Rise After Fed Chair’s ‘Surprising’ Comment About a December Cut

The Federal Reserve’s interest rate cut this week was widely expected, but Fed Chair Jerome Powell’s comments afterward included surprises that are poised to send mortgage rates higher. After Fed policymakers voted to cut the benchmark rate by a quarter point, Powell told reporters that another rate cut in December is “far from” certain, acknowledging … Read more

NY Attorney General Letitia James Set To Be Arraigned on Federal Fraud Charges

by
Protester in support of New York Attorney General Letitia James with a sign that says 'Letitia James' prosecution is suppression of opposition' 'release the epstein files'

New York Attorney General Letitia James is set to be arraigned in Norfolk, VA, this morning after being charged with felony fraud and making false statements to a financial institution. James had been under investigation since May over a 2023 mortgage. The investigation looked into a loan she took out to help her niece buy … Read more