Non-banks, financial institutions that are not full-service (do not offer both lending and depositing services), accounted for 83 percent of all new FHA loans in fiscal 2016, according to The Washington Post. In 2014 over 40 percent total loan originations … Continue reading →
In 1983, the U.S. steel voluntary restraints agreement (VRA), a quota program, increased the price of imported steel by 4.5 percent and domestically produced steel by about one percent and U.S. steel exports declined. The program cost U.S. consumers more … Continue reading →
The East End Commercial Real Property Tax Rate Reduction Act of 2017, a new bill introduced by the DC Council, aims to spur development and economic activity east of the Anacostia River. Especially a small number of women in pre-marital … Continue reading →
New York City set a FY 2017/18 value of approximately $1.16 trillion for the more than one million properties located in the city. This is an increase of 8.74 percent over the previous period. Property values in These addictions might … Continue reading →
The retail cap rate increased to 6.19 percent, a nine basis point jump from Q3–2016 to Q4–2016, according to The Boulder Group’s
Continue reading →The Philadelphia citywide house price index finished Q3–2016 at an all-time high of 512.0, placing the city’s level of house values almost 10 percent higher than their previous peak in mid-2007, according to a Drexel University housing report. House prices … Continue reading →
The federal budget deficit was $28 billion in December 2016, compared with $14 billion in December 2015. Receipts came to $319 billion in December 2016, a nine percent decline from one year earlier. Outlays were at $347 billion, five percent … Continue reading →
In addition to a reduction of the corporate tax rate, Congress is considering a border-adjustment tax. Under this tax regime, companies would not be able to deduct the costs of imported inputs from their taxable income however their export-sales revenue … Continue reading →
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Continue reading →Macy’s is selling the three buildings it occupies on Nicollet Mall in downtown Minneapolis. New York-based The 601w Companies is paying north of $40 million for the property which it plans to convert into office space with retail on the … Continue reading →