Damages and economic loss in the area could reach $60 billion to $70 billion if the current forecast comes to pass, said Chuck Watson, a disaster modeler with Enki Research. That would rank Ian as the sixth-costliest US hurricane, according to...

The Direxion Work From Home exchange-traded fund (ticker WFH), the largest with $37 million in assets, has plunged 44% over the past year and hasn’t seen an inflow since November 2021.

Fannie Mae has a plan to help renters with low credit scores, reports USA Today. New York’s port has become the busiest in the U.S., according to the New York Post. These are among today’s must reads from around the commercial real estate industry.

“The transition to remote work because of the COVID-19 pandemic has been a key driver of the recent surge in housing prices,” economists Augustus Kmetz and John Mondragon, of the San Francisco Fed, and Johannes Wieland of the University of...