Proptech in Affordable Housing: Finding Efficiencies Amid the Red Tape

From municipalities to the federal government, affordable housing is a highly regulated and subsidized real estate sector. The result is an often frustratingly complicated system for developers, owners, property managers and residents.  Like the U.S. housing sector in general, affordable housing suffers from a lack of supply. While proptech has little to offer to improve…

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Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows

By: The personal consumption expenditures price index, the Fed’s primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation rate at 2.3%. Excluding food and energy, core PCE posted respective readings of 0.2% and 2.7%, compared with estimates for 0.1% and 2.6%. Consumer spending and income showed further signs of…

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