Chicago Renters Test New Tenants Rights Law by Trying To Buy Building
Call it the year of the tenant. As housing costs rise and cities search for new ways to slow displacement, some local governments are giving renters more power when the buildings they live in go up for sale. Chicago is one such city. Under a 2024 ordinance, some tenants in a city pilot program—set toRead …
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Denver’s Downtown Divide: Why Home Prices on the City Limits Are Soaring
Denver’s downtown has experienced a significant shift in recent years. Once a highly sought after destination, many of its office buildings are now sitting vacant or only partially occupied. “Downtown Denver has seen a dramatic shift downward in demand,” real estate agent Jim Merrion of Coldwell Banker Realty in Denver tells Realtor.com®. “Office space vacancyRead …
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Mortgage Rates Edge Down on Cue as the Best Week To Sell Approaches
The situation in the Middle East continues to dominate headlines, but a ceasefire has already affected mortgage rates. We have two different indicators to consider: first, the most recently released consumer price index, which tracks inflation. Importantly, it covers the month of March and does not reflect any post-ceasefire data. Not surprisingly, the data showedRead …
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The Secret Street That Disney Owns in Suburban California
There’s a block in Burbank, CA, that looks like the ideal American suburb. There are low-slung homes with neat lawns and towering trees, pristine sidewalks, and circular driveways. The area is safe and quiet. As a bonus, the magical Walt Disney Studios is across the street. The only thing missing, for the most part, isRead …
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Sam Altman’s $27 Million San Francisco Mansion Targeted by Molotov Cocktail
San Francisco police have arrested a man who is accused of throwing a molotov cocktail at OpenAI CEO Sam Altman’s $27 million home—and made threats outside of his company’s headquarters in the city. According to a statement issued by OpenAI, the parent company of ChatGPT, the alleged attack took place in the early hours ofRead …
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Mortgage Rates Drop to 6.37% on Iran War Ceasefire
What happened to mortgage rates this week? The Freddie Mac 30-year mortgage rate dropped 9 basis points to 6.37% this week. The Iran war continues to be the dominant force driving financial markets, including the bond market that underlies mortgage rates. While the 10-year Treasury yield began to ease following the announcement of a two-weekRead …
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