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New home sales stumble in April, as affordability pressures mount

New data from the U.S. Census Bureau indicates that new home sales fell well short of economists’ and investors’ expectations in April, amid a challenging spring selling season marked by elevated mortgage rates, persistent inflation and broader economic and geopolitical uncertainty.  Sales of newly
Elizabeth Warren presses Bilt on payment disruptions during bank shift

U.S. Sen. Elizabeth Warren (D-Mass.) is demanding answers from Bilt Rewards over reports that customers experienced payment disruptions and account issues during the company’s transition between banking partners. In a letter sent Wednesday to Bilt CEO Ankur Jain, Warren — the ranking member of the S
Rent stabilization fracas shapes Providence mayoral contest

Providence, Rhode Island’s city council passed rent stabilization but failed to override the mayor’s veto. Rent stabilization is now one of the sharpest fault lines in the 2026 mayoral race. In September, voters will decide between a Democratic mayoral incumbent who vetoed the ordinance and a Democr
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