Trending News

Increased Supply Controls Rising U.S. Apartment Rents

As the U.S. economy is still struggling with an uneven recovery, more people are opting to rent than to buy. This has driven up rental rates through the roof. However, a new report reveals that the pace, at which rates have been rising, is slowing down as supply increases.

Las Vegas’ Most Expensive Home is Phil Maloof’s $38 Million Penthouse

Behold! The most expensive listing of Las Vegas has arrived on the market for $38 million. The residence is owned by the famous Phil Maloof, who was a New Mexico state senator and his family once owned the NBA team "Sacramento Kings."

US Home Building Activity Fell 6.5 Percent in May

Home building activity in the United States fell to a seasonally adjusted 6.5 percent to 1.001 million in May as construction on single and multi-family units decelerated. Building permits also declined 6.4 percent to 991,000 in May, according to the latest figures published by the U.S. Commerce department.
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