The Department of Housing and Urban Development last week awarded $31.7 million to support 75 fair housing organizations in their efforts against discrimination.The funds are being distributed from the department’s fiscal year 2024 budget through the Fair Housing Initiatives Program.“Although separate from Section 202 [Supportive Housing for the Elderly] funding, these awards will promote fair access to quality and affordable housing for peo
The Real Estate Roundtable’s Q3 2024 Sentiment Index, which measures commercial real estate executives’ confidence and expectations about the industry environment, reported an overall score of 64, up three points from the second quarter. Both the Current Index and Future Index were up four points from Q2, with scores of 59 and 70, respectively. The rise in sentiment marks an 18-point increase in the overall score since last year. All
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What doesn't kill U.S. makes U.S. stronger.A U.S. flag adorns a metal apron at the National 9/11 Memorial & Museum on September 10, 2021, that is inscribed with names of people who died on the September 11, 2001 terrorist attacks in the city. (Photo by ROBERTO SCHMIDT / AFP)
Contract signings dropped to the lowest level on record last month, but pent-up buyer demand could be waiting for opportunities to open up.Contract signings fell last month to the lowest level on record, as the housing market continued trudging through a sluggish summer. The National Association of REALTORS®’ newly released Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—dropped 5.5% in July an
Five tips from celebrity home stagers and designers that can make all the difference in making your listings look like a million bucks—or even more!Home staging can make all the difference in envisioning empty interiors into cozy spaces and turning lived-in places into a buyer’s dream home. Some staging projects only require a few key accessories, fluffing and repositioning to make all the difference, while other projects require more heavy-l
US consumer sentiment improved in August for the first time in five months as slower inflation and prospects for Federal Reserve interest-rate cuts helped lift expectations about personal finances.The final August sentiment index rose to 67.9, from 66.4 in July, according to the University of Michigan. The preliminary reading was 67.8.Consumers expect prices will climb at an annual rate of 2.8% over the next year, down from the 2.9% exp
The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain the expansion.Gross domestic product increased at a 3.0% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its second estimate of second-quarter GDP on Thursday. That was an upward revision from the 2.8% rate reported last month.The econom
The Federal Reserve signaled late last week that it will likely cut its benchmark interest rate in September, which has already helped push mortgage rates lower, Freddie Mac says.The 30-year fixed-rate mortgage averaged 6.35% this week, and some economists believe rates will continue to fall further over the upcoming weeks. Late last week, Federal Reserve Chair Jerome Powell said the “time has come for policy to adjust” and said an interest r
