Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will stay near zero for now,
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In this article 3333-HK 127-HK A man drives a cart past apartment buildings at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb announced Thursday that it is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000. Last month, the charitable arm of the
Jenna Fountain carries a bucket down Regency Drive to try to recover items from their flooded home in Port Arthur, Texas, September 1, 2017. Emily Kask | AFP | Getty Images Record-setting rain, floods and wildfires are examples of the rising risks to the U.S. housing market from climate change. Mortgage lenders and investors are
Embattled developer China Evergrande‘s situation is not a surprise, given the steps taken by Beijing to reign in excessive debt in the property sector, according to Orient Capital Research’s Andrew Collier. “This is all a bit of a tempest in a teapot, which sounds funny given that the whole world is worried about Evergrande right
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters Mortgage rates jumped higher this week. It could be just the beginning of an upward trend. The average rate on the popular 30-year fixed mortgage just crossed back over 3% early this week and then jumped 9 basis points Thursday
In this article JSWSTEEL-IN JINDALSTEL-IN SAIL-IN TATASTEEL-IN Indian metal companies are unlikely to be seriously affected by the crisis unfolding at Chinese property developer Evergrande, according to financial services firm Motilal Oswal. China plays an important role in determining global commodity prices, including that of metals. The country’s real estate sector is a major consumer
A home flipper surveys a property in Phoenix, Arizona. Joshua Lott | Bloomberg | Getty Images Home flipping has never been easy, no matter how much fun TV shows like “Flip or Flop” make it out to be. It’s been even harder lately, due to low supply, high prices and a run on housing triggered
Joe Jonas is downsizing in Miami to the tune of $4.2 million in savings, The Post can exclusively reveal. Jonas, 32, and his wife Sophie Turner, 25 closed on their Encino, Los Angeles mansion sale for $15.2 million yesterday after snatching up a new $11 million Miami mansion last week, according to Realtor.com. The $4.2
Can this eerie, thrice-closed abandoned park sell for $11 million? Lake Dolores Waterpark, considered America’s first waterpark, hit the market asking $11 million in August — and it is 250 acres of eerie, abandoned decay, new photos by Raise the Stakes Photography show. It has been almost two decades since the Mojave Desert, California park
An 8,100-square-foot compound with direct views of the Golden Gate Bridge is now up for sale for a whopping $60 million. Listed earlier this month, the four-bedroom, six-bathroom abode also boasts panoramic views of the San Francisco Bay, the city’s skyline and Sausalito. Situated on Belvedere Island, the residence was completed in 2000, according to Realtor.com. The
The Mandarin Oriental Hotel at Columbus Circle, one of the city’s premier luxury lodging establishments, is quietly up for sale, Realty Check has learned. The offering for the 248-rooms-and-suites hotel towering over Central Park comes as the state of the city’s hotel industry has been likened to a “depression” by the American Hotel and Lodging
Tim Cook has been cook-ing up luxury in La Quinta undetected for years, according to a new report. The 60-year-old Apple CEO was recently revealed as the buyer of $9.1 million mansion in an ultra-private celebrity-favorite golf resort, Dirt first reported this weekend. The transaction occurred in a different world — pre-pandemic — on March
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