US sales of existing homes fell to a three-month low in July as elevated prices and mortgage rates continued to weigh on the housing market.  Processing Content Contract closings decreased 1.7% in July to an annualized rate of 4.06 million, according to National Association of Realtors figures released Tuesday. That was in line with the […]

Late Monday afternoon, a judge dealt a blow to New York City Mayor Zohran Mamdani’s plan to charge a so-called pied-à-terre tax on vacant second homes owned by wealthy non-residents. Wayne Ozzi, a Staten Island judge, issued an emergency pause on implementing the tax. Ozzi sided with homeowners who sued the city Friday. They did

Seventy percent of general contractors and subcontractors consistently face late payments, costing the construction industry nearly 300 billion dollars last year. In today’s economy, GCs and subcontractors are already working on incredibly thin margins. Without cash coming in when planned, there is a ripple effect to their business, from a delay in purchasing materials to