Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
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The US remains the world’s undisputed leader in wealth accumulation — but where within the states that money is concentrated is in flux.  According to London-based investment migration consultancy Henley & Partners’ recently released 2024 USA Wealth Report, certain parts of America are seeing their rich resident populations rise rapidly — but they’re not the
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Townhomes are under construction on July 19, 2023 in Mundelein, Illinois.  Scott Olson | Getty Images Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract
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Fashion mogul Tommy Hilfiger has found a buyer for his Palm Beach abode at last.  The eponymous design company founder, 72, and his wife, former model Dee Ocleppo, 56, have been trying to offload their three-bedroom, four-bathroom Florida residence since September 2022. The pair initially sought $39.7 million for the 5,000-plus-square-foot Mediterranean-style manse, cutting the
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Artificial intelligence is moving into the housing space, specifically architecture. ICON, which developed one of the first fully 3D-printed housing developments in the U.S., is taking automation another step further. It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the plans, making the process cheaper
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Chris Wattie | Reuters Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease
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A house on the beach in Nantucket, Massachusetts, was purchased for a stunningly low price in a recent real estate transaction, the Nantucket Current reported. The sale price for the beachfront property, located in the Madaket area, was $600,000, according to the outlet. The transaction went through February. The Nantucket Current, citing the house’s listing broker, Susan
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