President Donald Trump has urged U.S. homebuilders to ramp up construction across the country, claiming they are “sitting on 2 million empty lots” while the nation continues navigating a housing shortage. The lack of inventory on the U.S. market, which is due to the fact that the country built far fewer homes than needed following…
Another Federal Reserve rate cut, another … rise in interest rates? That is the current dynamic across the Treasury yield curve — the real-time market rates — a week after the Fed’s first cut in policy interest rates in nearly a year. Many consumer loans, such as home equity and mortgages and credit cards —…
The Federal Reserve on Wednesday announced a widely expected interest rate cut. Wednesday’s cut was the Federal Reserve Board of Governors first this year. It’s now set at 4% to 4.25%. The interest rate cut affects consumers in many ways, including mortgage rates, credit card interest rates and auto loan interest rates. “This creates opportunity…
Israel has bombed and destroyed the tallest residential building in Gaza, the Al-Ghafri high-rise, as it launched a massive wave of strikes on Gaza City on Monday evening, forcing hundreds of thousands of residents to continue to flee the city. Francesca Albanese, the United Nations special rapporteur on the occupied Palestinian territory, says Israel is…
LONDON — A hotel near London that has become the focus of heated anti-migrant protests in recent weeks will have to remove asylum-seekers who are staying there after authorities won a legal bid Tuesday to oust the migrants. Officials from the Epping Forest District Council asked a judge to issue an order to temporarily block migrants from…
The Good Brigade | Digitalvision | Getty Images Mortgage rates have been declining, making conditions favorable for some homeowners to refinance, experts say. The average 30-year fixed rate mortgage was 6.58% for the week ending Thursday, August 14, down from 6.63% the week prior, according to Freddie Mac. Mortgage rates have come down a point…
Mortgage rates are falling despite the Federal Reserve’s reluctance to introduce new cuts over the past eight months, giving American homebuyers more purchasing power at a time when the market is slowly shifting in their favor. Last week, the 30-year fixed-rate mortgage—the most popular home loan in the nation—dropped to its lowest level since April….
Hong Kong lawmakers are calling for the expansion of pilot schemes to identify and support elderly residents living alone or with a spouse in ageing districts, following two recent cases in which skeletal remains were found in public flats in Kwai Tsing. Some legislators on Thursday highlighted existing gaps in the city’s social safety net…
SAN FRANCISCO (AP) — San Francisco is set to ban homeless people from living in RVs by adopting strict new parking limits the mayor says are necessary to keep sidewalks clear and prevent trash build-up. The policy, up for final approval by San Francisco supervisors Tuesday, targets at least 400 recreational vehicles in the city…
Hong Kong should avoid negative labels for certified subdivided flats as they provide accommodation to people from all walks of life, the housing minister has said, while stressing that a planned shake-up of standards will not drive up rents. In an exclusive interview with the Post, Secretary for Housing Winnie Ho Wing-yin also said temporary…