Finance & Mortgage

Real Estate News: Majority of Homebuyers to Pursue Home Search Despite Possible Interest Rate Hike by US Federal Reserve, Zillow Says

The United States Federal Reserves are expected to increase interest this week after nine years, but despite the pending interest hike, majority of homebuyers searching for homes are still planning to buy within 2016.

NY Real Estate and Property News: Homeless Rate will Increase Next Year, Projects Mayor de Blasio

Homeless people are seen to increase next year as projected by the de Blasio administration. The mayor’s Management Report predicts that there will be about 3,350 individuals who will sleep “on the streets, in parks, under highways, on subways, and in the public transportation stations in New York City.”

Real Estate Business Update: Wells Fargo is Moving the Midtown Office to Hudson Yards, Already Signs Deal

A San Francisco-based Wells Fargo Bank is moving to a new home on the Far West Side of New York. It was confirmed Friday that Wells Fargo Securities has signed on to make 30 Hudson Yards their new home by 2020, thanks to a financial package worth $5 billion.