In Fla., 7 agencies get part of the $2.9M under 12 grants. The money fights discrimination, and includes funds to private investigators for “testing and enforcement.” WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) awarded $54 million to 182 fair housing organizations across the country under its Fair Housing Initiatives Program (FHIP). … Read more
WASHINGTON (AP) – The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. “The U.S. banking system is sound and resilient,” the Fed said in a statement after its … Read more
Real estate is a time-tested, tried-and-true investment for people who can afford it, but it also involves work. Not everyone wants to be a landlord. NEW YORK – Real estate has been a popular investment for a very long time – for those who can afford it. But in recent years, trends such as house … Read more
A senior-housing project aimed at middle-class adults gives them an option other than “dying in my house.” The Mass. prototype charges only $1,800 per month. NEWTON, Mass. – The developer 2Life Communities broke ground March 6 on a senior housing project that’s affordable to middle-class residents. Monthly rents will be as low as $1,800 at … Read more
Last week some pundits thought the Fed might keep rates steady at its meeting this week, but most now say that would make the bank issue look like a big deal. WASHINGTON (AP) – Still grappling with persistently high inflation, the Federal Reserve faces an entirely new – and in some ways conflicting – challenge … Read more
WASHINGTON – In the previous financial crisis, the nation’s biggest banks were the villains. This time, they may be the heroes. Wall Street titans whose actions once angered voters on the right and left have become safe havens for anxious Americans and a source of financial backing for wounded institutions. Tens of billions of dollars … Read more
Nest Seekers Chief Economist Erin Sykes says the market’s long-term health works best if rates stay in the 6% range. After a 2% flash sale ends, sellers just hunker down. NEW YORK – While mortgage rates may have dipped slightly this week due to several bank failures, five consecutive weeks of increases have undone the … Read more
An insurance watchdog group alleges insurers illegally reduced disaster estimates after Hurricane Ian and says it will submit the crime evidence to Fla. law enforcement. ORLANDO, Fla. – An insurance industry watchdog group says that it will submit to Florida law enforcement evidence of crimes committed by insurance company employees in the aftermath of the … Read more
ChatGPT fake writing can now be used with software that imitates voices. That means a seemingly personal call from a client, title agent or friend could be a scam. NEW YORK – You have just returned home after a long day at work and are about to sit down for dinner when suddenly your phone … Read more
There is no “right way” to plan an estate – but there are wrong ways. Plans could include wills, life estate deeds, trusts and joint tenancy, individually or in combination. FORT LAUDERDALE, Fla. – Question: My daughter wants me to put my apartment into a joint tenancy with survivorship to make things easier when I … Read more
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