The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
Month: August 2024
Changes from a landmark settlement affecting broker commissions from America’s largest real estate trade association take effect this weekend, potentially creating a more complex and uncertain buying process for consumers, according to industry experts. The changes made under the National Association of Realtors’ (NAR) $418 million settlement, announced in March, “adds more uncertainty and unknowns to an
The Massachusetts mansion, where an entrepreneur father murdered his wife and teenage daughter before turning the gun on himself, hit the market this week and was billed as the “perfect home for entertaining.” Rakesh Kamal, 57, fatally shot his 54-year-old wife, Teena, and 18-year-old Arianna during the horrific murder-suicide inside the sprawling Dover home on
The cold never bothered them anyway. Homebuyers are grabbing their winter gear and flocking to far-flung Maine — where they’ve managed to drive up the median home price a bone-chilling 78.5% in just five short years, a new report reveals. According to freshly published findings from industry news site Pro Tool Reviews, The Pine Tree State
Measured by 51 key indicators of livability, these are the nicest — and lousiest — states to call home in the US in 2024. Personal-finance website WalletHub released its “2024’s Best States to Live In” report earlier this week, in which factors including housing costs, income growth, hospital quality, education rate, average hours worked per
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada. Andri Tambunan | AFP | Getty Images It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50
d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday.
They’re fighting for every last grain of sand. Two billionaires are duking it out in court after one accused the other of stealing piles of sand from a public California beach. Milwaukee Brewers owner Mark Attanasio has been gussying up his Malibu mansion with sand he has dug up and transported from Broad Beach, a
Iuliia Isaieva | Moment | Getty Images Homeowners are sitting on$17 trillion in equity as of the end of the first quarter of 2024, according to CoreLogic. The average homeowner gained $28,000 in equity compared to a year earlier. For many people, there’s no need to touch that money. Home equity is “not like bread,”
For Gen Zers and millennials, sex sells out for homeownership. Gen Z is happy to give up sex if it means meeting this one huge life goal. Overall, more than a quarter of Brits would forgo sex for a whole year if it meant they’d finally have enough money to put down a deposit on
The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates. And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June. Citing higher costs and difficulty making ends meet, most respondents said they think
An office building once owned by John Jay Astor has sold for the first time in 82 years. Jay Properties bought 8 W. 38th St. from the Felder family for $35 million, or $250 per square foot. MIdtown office building once owned by John Jay Astor was recently sold for $35 million. Handout The buyer
Brandi Schmitt and her family pose for a 2018 Christmas card in front of their Maryland home wearing protective gear, alluding to the water and mold damage in their home. Each year, Schmitt said they try to capture the family’s situation through their Christmas card. Courtesy: Brandi Schmitt When a nor’easter struck in 2018, intense