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New York Landmarks: The Iconic Palace Theater In Times Square Gets a $2 Billion Facelift

The historic Palace Theater gets a $2B restoration plan The iconic Palace Theater in Times Square, New York, is getting ready for a huge restoration plan! The Wall Street Journal reports that in an effort to preserve the landmark, The New York City Preservation Commission recently just approved a $2 billion plan of integrating a 704-room hotel just right above it.

U.S. Foreclosures At Record Low Since 2005

Mortgage Banker's Association's National Delinquency Survey showed a seasonally adjusted rate decrease of 4.99 percent in overall outstanding loans for one-to-four-unit residential properties at the end of 2015's third quarter; the lowest since the first quarter of 2007. The delinquency rate plummeted 31 basis points from the previous quarter, and 86 basis points from a year ago, World Property Journal reports.

U.S. Renters Least Prioritize Down Payments for a Home

A low percentage of homeowners opting to pay a downpayment is evident in the latest Freddie Mac Online Survey. And only 39% of the online takers think that a down payment is a vital part of their savings.
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