The Federal Reserve lost $18.7 billion last year, as it continues to recover from pandemic stimulus programs and inflation. That’s according to audited financial statements the Fed released Wednesday and marks the... Read more »
From 2020 to 2024, U.S. home values surged, creating a major windfall for homeowners. Yet the metros that generated the biggest gains were not just the ones where prices climbed the highest—they... Read more »
Banc of California will raise its profile in downtown Los Angeles by putting its name on top of a skyscraper and nearly doubling the size of its offices. The Los Angeles bank’s... Read more »
If you’re thinking about buying a home or refinancing your mortgage, you’re probably wondering about interest rates. Let me tell you, today’s mortgage rates, hovering around 6.26% for a 30-year fixed loan... Read more »
Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that... Read more »
The tumultuous wave of the COVID-19 pandemic swept across the housing market landscape, leaving in its wake a trail of unprecedented shifts. From soaring home prices to dwindling inventory levels, the real... Read more »
The gap between Black and white renter families that could afford a mortgage narrowed significantly during the COVID-19 pandemic, according to a Zillow report released Friday. About 7.8% of Black renter families... Read more »
A Los Angeles County 30-day eviction notice requirement long unpopular with landlords was struck down by L.A. Superior Court Judge Mitchell Beckloff in a ruling earlier this month. Beckloff ordered that the... Read more »