(RECAP: The Federal Reserve on Wednesday left interest rates unchanged and signaled it’s likely to take an even slower approach on raising the cost of borrowing against a backdrop of slower U.S. job creation and fresh worries about economic events abroad. Although investors expected the Fed to leave rates unchanged, the central bank’s more gingerly approach contrasted sharply with rosier comments of top officials just a few months ago.)
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(RECAP: Not only is student loan debt delaying first-time homebuyers, it is delaying them for a long time. Seventy-one percent of non-homeowners with debts from student loans said the burden of those monthly payments was keeping them from buying a home. More than half said it would likely continue do so for more than five years, according to a new study by the National Association of Realtors and SALT, a consumer literacy program provided by nonprofit American Student Help. Student debt is also keeping 4 in 10 graduates from moving out of a family member’s house. The survey of 3,000 people conducted in April covered only those who are making on-time payments on their student loans.)
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(RECAP: A 13-tale office building is set to be demolished beginning Wednesday to make way for a massive mixed-use project, according to media reports. The building, near the Greensboro Metro station, will make way for The Boro, a 4.2-million-square-foot urban-style development that will include five apartment buildings, three office towers, a hotel, a movie theater, a public library, seven parks and retail space.)
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