Mortgage rates have been static in the first month of 2025. The long-term costs of a home loan are keeping borrowers on the sidelines as rates have been above 7% since Christmas — the longest such stretch since July 2024 when they were in the middle of a long and steady decline. But lenders and…
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Catastrophic weather events in the U.S. are reshaping insurance premiums and real estate markets, which will inevitably drive up costs and worsen affordability. Notably, hailstorms, the devastating wildfires in California and hurricanes in the Gulf Coast are reminders of the cost burdens associated with housing reconstruction and risk. And just last week, a historic and…
The mobile home of Barbara Corcoran, a real estate mogul and businesswoman, perished in the Palisades fire, along with those of all of her neighbors. “I feel like I lost my sweetheart.”
On Monday, the Senate voted to confirm Scott Bessent as President Trump’s pick to lead the U.S. Department of the Treasury. Bessent now takes on the tasks of helping to develop the new administration’s tax policies; enacting tariffs on Mexico, Canada and China; and constructing the administration’s first budget. Bessent, the founder of hedge fund…