The Federal Housing Administration announced Thursday it is increasing the threshold for large multifamily loans for the first time in a decade.

LGBTQ+ representation in advertising is important to 44% of consumers across all demographics and 63% say the same about diverse representation in general, per a Numerator survey. While more than 75% of respondents feel either positive or neutral when viewing ads with LGBTQ+ themes, those numbers rise among urban, diverse and young respondents but are more negative among Midwest, rural and older consumers.

Though borrowing costs have doubled from two years ago, home buyers have avenues to offset higher interest rates, says NAR Deputy Chief Economist Jessica Lautz.

Rapper French Montana is selling his 1.35-acre compound in Los Angeles's exclusive Hidden Hills neighborhood for $22.75 million. The property is being represented by agent Tomer Fridman of Compass' The Fridman Group.

A report from the Treasury Department's Federal Insurance Office addresses the potential impact of climate change on real estate assets and what that could mean for insurers, including life insurers. "Real estate may be vulnerable to credit risk if increases in the frequency and severity of climate-related disasters lead to a decrease in borrowers' ability to repay or service their debt and/or to declines in real estate asset values," the report notes.

The Environmental Protection Agency on Wednesday unveiled a $7 billion competitive grant round supported by the Inflation Reduction Act's $27 billion Greenhouse Gas Reduction Fund that will help fund residential solar development in roughly 60 low-income communities. "All communities deserve to participate in America's growing clean energy economy and under this competition, we will bring more communities along," said Administrator Michael Regan.

Christina Gray ignites an army of volunteers to drop off plants on the doorstops of those who are experiencing struggle.

An expanded program offered by JPMorgan Chase will offer grants of up to $5,000 to assist with mortgage down payments and closing costs for people in 3,000 Black- and Hispanic-majority census tracts in 16 markets, the bank said. The Chase Home Buyer Grant program, introduced in 2021, could provide mortgage help to 1,000 additional customers through the expansion, JPMorgan's Cerita Battles said.

The Federal Reserve, Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and National Credit Union Administration have issued a joint statement asking banks to support borrowers amid mounting pressures in the commercial real estate market. The agencies urged lenders to work "prudently and constructively" with creditworthy borrowers who are grappling with the current market stress.

Federal Reserve Chair Jerome Powell indicated that most of the Fed's policymakers are expecting at least two more interest-rate increases before the end of the year. Powell noted that the 10 rate hikes that the central bank has made since March 2022 have constrained the housing sector and business investment, but "it will take time" for the impact to be felt throughout the entire economy.