KVSP housing
Thomas Northcut/Getty Images (NEW YORK) — A sluggish housing market for most of last year began to heat up as the calendar turned to 2024. In recent weeks, however, the market has cooled once again. A surge in mortgage rates accounts for the slowdown in the housing market, experts told ABC News, pointing to elevated […]
amphotora/Getty Images (NEW YORK) — As many as 70 current and former New York City public housing employees were charged Tuesday with accepting kickbacks from contractors in exchange for awarding city contracts, federal prosecutors in New York said. The charges against the New York City Housing Authority employees present the largest number of federal bribery […]
Justin Sullivan/Getty Images NEW YORK — Four years before Lehman Brothers collapsed and set off the worst U.S. financial disaster since the Great Depression, Ruhi Maker warned top officials at the Federal Reserve that the nation’s housing bubble could wreak “enormous” economic damage. Maker, a housing attorney in Rochester, New York, told Fed officials that […]
moodboard/Getty Images (NEW YORK) — Sky-high mortgage rates have helped slam the brakes on the housing market, recent data shows. Mortgage rates climbed to their highest levels in 21 years, Freddie Mac data showed last week. The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, after sustaining levels above 6.5% since May. […]
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