Browsing: News

The U.S. rental housing market is facing renewed strain as the post-pandemic surge in multifamily construction begins to wane, exacerbating affordability challenges for renters across the country. According to data from the U.S. Census Bureau, multifamily housing completions have declined by 28% since peaking in August 2024, signaling a significant slowdown in new rental supply...

For the first time in over a month, U.S. mortgage rates have declined, providing a glimmer of hope for prospective homebuyers facing a challenging housing market. According to Freddie Mac’s latest Primary Mortgage Market Survey, the average rate for a 30-year fixed mortgage fell to 6.85% as of June 5, down from 6.89% the previous...

A group of U.S. senators is calling on federal antitrust regulators to investigate Rocket Companies’ recent acquisitions, expressing concerns that the deals could stifle competition and harm consumers in the housing market. On June 4, 2025, Senators Elizabeth Warren, Bernie Sanders, Cory Booker, Mazie Hirono, and Tina Smith sent a letter to the Department of...

Authorities in Boulder, Colorado, have identified 34-year-old Mohamed Sabry Soliman, an Egyptian national, as the suspect in a violent attack that occurred during a rally advocating for the release of Israeli hostages. The incident took place on June 1, 2025, during the “Run for Their Lives” event, which was organized to raise awareness and support...

On June 2, 2025, the Michigan Department of Transportation (MDOT) officially reopened both directions of US-10 in Midland County, following a brief but critical closure related to bridge repairs near the M-30 overpass in Sanford. The highway had been shut down starting on May 30 after cracking was discovered in the bridge beams during routine...

A proposed $1.5 billion redevelopment of the Fulton and Elliott-Chelsea NYCHA housing complexes in Manhattan has ignited significant opposition from local residents and community leaders. The plan, a public-private partnership involving the New York City Housing Authority (NYCHA), Related Companies, and Essence Development, aims to demolish and rebuild 2,056 existing public housing units, adding approximately...

A powerful solar storm, triggered by a coronal mass ejection (CME) from the Sun on May 30, 2025, has reached Earth, prompting widespread alerts about potential disruptions to power grids, satellite communications, and navigation systems. The National Oceanic and Atmospheric Administration’s (NOAA) Space Weather Prediction Center (SWPC) issued a G4 (Severe) geomagnetic storm watch for...

The U.S. housing market is beginning to exhibit signs of stabilization as mortgage rates experienced a modest decline in late May 2025, offering some relief to prospective homebuyers after months of rising borrowing costs. Following a series of interest rate hikes by the Federal Reserve designed to combat persistent inflation, the average rate on a...

On May 29, 2025, a significant ruling from a U.S. federal court struck down a broad set of tariffs imposed during former President Donald Trump’s administration, marking a pivotal moment in U.S. trade policy and financial markets. The court determined that many of the emergency tariffs, which had been levied under national security justifications, exceeded...

A U.S. federal court has ruled that former President Donald Trump’s sweeping tariffs, commonly known as the “liberation day” tariffs, exceed his authority under the International Emergency Economic Powers Act (IEEPA). The court’s decision, issued on May 28, 2025, invalidates the tariffs, which were imposed in 2020 as part of Trump’s efforts to address perceived...