Mortgage Rates Will Remain Above 7% Through 2027, Top Economist Forecasts

Mortgage rates will remain elevated above 7% through the end of next year, according to the forecast of a top housing economist with the Mortgage Bankers Association. "Inflation is too high, leading central banks to raise short-term rates, while budget deficits and debt are unsustainably high, leadi

Price Cuts Are the Best Concession To Motivate First-Time Buyers, Survey Finds

First-time homebuyers are gaining confidence in their ability to make the correct decisions in a challenging market. However, one major factor still needs to change before many prospective buyers will take the leap: Sellers need to bring home prices down. In a survey of people who are searching for

VIDEO: New Jersey Residents Protest $1.8B Data Center in Their Neighborhood

Residents in the small borough of Kenilworth, NJ are taking to the streets to rally against the ongoing construction of a massive $1.8 billion AI data center that is being built by the cloud computing company CoreWeave. Concerns over electricity and water usage, pollution, noise, and other issues ha

Famed West Palm Beach Developer Launches His Latest Luxury Offering on Clear Lake

The developer of what is arguably West Palm Beach's first true luxury residential building—The Bristol—has moved west to Clear Lake for his latest foray into luxury living, The Berkeley. After developing The Bristol along the Intracoastal, completed in 2019, Al Adelson, a seasoned developer with 50