A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic, according to a monthly survey released Monday by
Real Estate
Minority communities have been the hardest hit financially by the current spike in consumer prices and housing costs, with high percentages of Black, Latino and Native American families reporting serious financial problems and even threats of eviction, according to a survey published Monday by the Harvard T. H. Chan School of Public Health, NPR and
In this article BAC RKT WFC JPM SAN-ES A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate
It was a perfect first date. It started with a trip to an amusement park nestled in an alpine valley, where colorful roller coasters wound through the trees. Then the couple played a round of miniature golf before topping the night off with a shared bucket of popcorn at a movie theater. And it all
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural disasters, it’s becoming increasingly costly for Americans to insure their homes — and it’s only expected to get worse, according to
The Italian resort town of Porto Cervo sits at the center of Costa Smeralda, a moneyed tourist destination in Sardinia known for its beaches, golf courses and upscale hotels. Adele stopped in recently with her beau Rich Paul for a hotel stay while on a cruise vacation. Superyachts line the pier. Lamborghini is once again
There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. The official declaration typically comes from the National Bureau of Economic Research, and it has
The average rate for the most popular type of mortgage in the U.S. fell below 5% for the first time in four months, capping the biggest two-week decline in 35 years. The national average rate for a 30-year fixed home loan dropped almost a third of a percentage point to 4.99% this week from 5.3%,
monkeybusinessimages | iStock | Getty Images It’s no secret that companies are reducing their real estate footprint. Even companies still committed to in-office work, but embracing a hybrid model, require less square footage and more use of shared office space. Now as the economy cools, and at least flirts with entering a recession, real estate
Burned by a hot housing market, some frustrated home buyers may have hoped that sky-high listing prices are finally coming down to earth. Well, they are – sort of. It just depends on where you live. To better understand the housing affordability situation, Fortune magazine reached out to Moody’s Analytics to get access to its
In this article YUM National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 2021 in Washington, DC. Chip Somodevilla | Getty Images In an earnings call Wednesday morning, Yum Brands CEO
In 2018, Nikolai Mendiaev bought his first bitcoin using a peer-to-peer platform called LocalBitcoins. Mendiaev lived in Elista, a town of about 100,000 people in southern Russia, and he was wary of going through the know-your-customer process at a centralized exchange. As a software developer and (relatively) early cryptocurrency adopter, Mendiaev occasionally had friends and
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage
Millions of students are heading back to class this month and next. Stores are crowded with school supplies for the K-12 crowd and dorm room gear for college students. You don’t see a ton of items in the big box aisles for making your home more back-to-school ready, but a good setup plays a role
The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned. The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filings with the Hong Kong stock exchange, Evergrande instead said
Unsatisfied with an 80% market share in the home generator business, CEO Aaron Jagdfeld has big ideas for home microgrids. In 2008, things were looking grim for Generac. The 49-year-old firm, which makes natural-gas-powered backup generators, had been acquired a couple of years earlier by CCMP Capital, a New York City private equity shop. To
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the wider economy caused
Some say that you move to Hawaii for the beautiful weather; but what about the impeccable views? What better way to enjoy the mild climate than to also be comfortably situated where you can view the dynamic quality of the Pacific Ocean, beaches and wild shorelines. Each island is distinctive, and these homes from Oahu
In this article CTRN The cost of borrowing is getting more expensive for American households. With Wednesday’s 0.75-percentage-point interest rate hike, the Federal Reserve has raised benchmark short-term borrowing rates 225 basis points, or 2.25%, since March in an effort to curb unrelenting inflation. The federal funds rate, which is set by the U.S. central bank, is
Calling all enthusiasts of European and modern design: this extensively remodeled, transitional home in Portland, Oregon, features a combination of contemporary flair, traditional elements and exquisite details. Built in 1982, the 7,700-square-foot home also benefits from its location in the Dunthorpe suburb, one of the most sought-after neighborhoods in the area. Throughout the years, the
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