Tarek and Christina are contacted about home in El Monte, California, but they can’t take a look at the inside before making an offer. After checking out the outside, they make an offer and get it for a good price. But they think twice after they get inside and realize that they might have spent
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Investors are Firesaling Vacant Inventory on the US Housing Market. The deluge of Inventory could be worse than the Subprime Crisis in 2008. According to data from Zillow both Homes For Rent and For Sale are surging on the US Housing Market. A signal of the Double-Barreled Housing Crash that is causing big problems for
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In this article JPM MSFT INTU Follow your favorite stocksCREATE FREE ACCOUNT A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments. The bank is piloting a platform it
Restless residents of the country’s major coastal cities continue to eye the exits, according to a new study. A record number of homebuyers want to decamp to new metro areas — with New York, San Francisco and Los Angeles leading the charge, according to a report from real estate site Redfin. About 24% of all
This week, the Federal Reserve will likely raise rates for the sixth consecutive time to combat inflation, which is still running at its fastest pace in nearly 40 years. The U.S. central bank has already hiked its benchmark short-term rate 3 percentage points since March, including three straight 0.75 percentage point increases ahead of its
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up.
Hundreds of thousands of people protested in Ethiopia this weekend to stand against Western intervention. They demand that the Tigray rebels who are supported by Western governments stop raging war on the Ethiopian government and express support for the people in Tigray who have nothing to do with the rebels. Joining us to discuss this
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WOW! Here’s an eye-opening report for you. We’re seeing massive changes in the US housing market given the fact that mortgage rates have more than doubled over the past year. For example, the share of reduced priced listings has doubled over the past 5 months and we’re seeing huge gains in the number of houses
The housing market is in BIG trouble… Pending home sales (i.e. signed contracts between a homebuyer and seller) dipped to the lowest levels since June 2010 (excluding April 2020 when we had stay at home orders across much of the nation). Also, on a year over year basis, pendings dipped by 31% in September. This
Chef David Burke, a prime mover on the culinary scene for decades and an “Iron Chef America” star, has chosen 277 Park Ave. to launch his first New York venture in nearly three years. If it seems that we report on a new office-tower restaurant every week, it’s because office-tower restaurant leases are getting signed every week. This