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Economy
Fed Raises Interest Rates as Inflation Continues to Heat Up
The Federal Reserve on Wednesday raised interest rates for the first time since 2018, with a 0.25% uptick. The Fed’s policymakers also projected an...
Building Permits Dip, Housing Starts Increase 6.8% in February
The most recent new residential construction report shows that housing starts increased 6.8% month over month in February, with building permits at a high...
Markets Still Show Signs of Uncertainty But Is It a Good Time to Buy?
As has been the case throughout the course of 2022, general economic instability has been the defining force in the stock market, the global...
Opendoor Outperforms Earnings, Definitely Not Ajar
Throughout 2021, we saw unprecedented behavior in the housing market. It's been preponderantly blamed on COVID-19, which indeed seemed to precipitate unparalleled trends in...
NYC – NJ Rail Tunnel May Start in 2023
There are emerging developments on the Gateway Program which is a project meant to make travel to cities between Washington D.C. and Boston easier...
Eric Adams’ Proposed $98 Billion Budget Relies on a Small Increase in Real Estate Values
Eric Adams’ initial budget proposal includes roughly $98 Billion in spending, a reduction in expenditures from Mayor de Blasio’s final budget of $102.8 Billion...
Despite Housing Shortage, Residential Construction Ramps Up
As of 2021, the United States was short 5.24 million homes, an increase of 1.4 million from the 3.84 million housing shortage in 2019....
R.I.P. $1 NYC Pizza Slice
I bet you never thought you'd see the day when the $1/a slice pizza deal common in NYC was no more. I mean, even...
Stock Markets Off To A Rocky Start
We are only a few weeks into 2022, and it has already been a rocky ride for the U.S. stock market. Two years into...
2021 Housing Market Recap and Predictions for 2022
2021 was a year for the books as far as the housing market was concerned. The past 12 months were affected – once again...