Household debt soars at fastest pace in 15 years as Inflation boosts U.S. household spending. Home sales have dropped for nine straight months, driven by surging mortgage rates while investors’ home purchases drop 30% as Fed officials see smaller rate hikes coming ‘soon,’ minutes show. At the same time, Amazon Founder, Jeff Bezos urges consumers
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images Mortgage rates soared over 7% just a month ago, but since then they have fallen more than half a percentage point. Still, mortgage loan application volume decreased
It took two decades, but the ribbon has at last been cut at a Brooklyn apartment complex that marked its long-in-the-making grand opening on Sunday. The Culver El Affordable Housing Development had been in the works for 20 years, but a succession of issues kept the Borough Park development in limbo until this week. “It
Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest
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Act 2: “I was jealous,” Kathy Rowe told ABC News’ “20/20” of harassing Jerry Rice and Janice Ruhter.
Here’s a comprehensive look at early indicators of home buying activity so we can get a glimpse into the future of the US housing market in the weeks and months to come. In today’s video, I provide a mortgage rate update as well as real estate touring activity, mortgage purchase applications, brand new home construction
Residential villas on the waterside of the Palm Jumeirah in Dubai on Feb. 24, 2022. Russians were always among the top 10 nationalities investing in Dubai property, according to Tahir Majithia, managing partner at Dubai-based Prime Capital real estate. Christopher Pike/Bloomberg via Getty Images Wealthy investors betting on luxury real estate would do best by
They’re still home — just higher. This mother and father have slightly changed their residence as part of a crowdfunding stunt. Hilary Powell and Dan Edelstyn, both 45, have altered their living arrangements in an effort to raise money: The artist couple has moved their bedroom furnishings to the terraced roof of their London abode
Metro Atlanta is on a hot streak. More than 6 million people now live in the region, according to recent Census Bureau estimates. Experts say that’s about a 50% increase from 20 years ago. “It’s a huge increase in population,” said Dan Immergluck, a professor of urban studies at Georgia State University. “That has taxed
Disney is getting rid of its woke CEO and going back to an old faithful: Bob Iger. The previous CEO, Bob Chapek, well, would we call him woke? We discuss the missteps that Disney has taken under his leadership and whether or not it can be simplified to: go woke, go broke. Will Bob Iger
In this video, I’ll go over the three most unique real estate investing strategies from guests that have been on my podcast. I’ve had so many wonderful guests over the past 170 episodes, but after listening to these guests speak about their investing strategy, I just had to pause and sit in amazement. After watching
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