A town in Northern California that’s virtually full of billionaires is, believe it or not, going broke. Portola Valley — population 4,397 — was once dubbed the richest town in America, with a current average per capita income of $250,000. The co-founder of LinkedIn and the former CEO of Nike both call it home. Yet reports are
Stanley Black & Decker stock plunged Tuesday on the company’s quarterly earnings release — a move Jim Cramer said investors should capitalize on. Shares of the toolmaker shed nearly 12% Tuesday after third-quarter revenues and its implied fourth-quarter guidance came in lighter than Wall Street expected. Still, Jim described the decline as unwarranted. “I would
A “For Sale” sign in front of a home in Atlanta, Georgia, US, on Wednesday, Sept. 18, 2024. Elijah Nouvelage | Bloomberg | Getty Images Mortgage rates rose last week for the fourth time in five weeks, causing another pullback in refinancing. Total mortgage application volume was essentially flat, falling 0.1% compared with the previous
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called “pending” sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on
Long before it was Donald Trump’s lavish home base, the Mar-a-Lago estate was a shining example of Palm Beach’s glitzy, old-money charm. This stunning Florida mansion on South Ocean Boulevard began as the dream of cereal heiress Marjorie Merriweather Post, once the richest woman in America. After inheriting her family’s fortune in 1914 — an
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX Creative A team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a “mini Monaco,” according to executives. The new development at the Bahia
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After
Nazar_ab | E+ | Getty Images For most people, buying a home will be the biggest financial transaction they will make. It’s also generally considered a path to build wealth and increase your net worth, financial experts say. In the second quarter of 2024, U.S. homeowners with mortgages had a net homeowner equity of over
Sonja Morgan is swapping the buzz of New York City for the balmy shores of West Palm Beach, Florida. “The Real Housewives of New York City” star has snapped up a waterfront condo in a move that signals the end of her decades-long Manhattan chapter, The Post can report. At 60, Morgan is embracing a
At the national level, the middle class is typically defined as households that earn between two-thirds and double the household median income. Based on 2023 figures, that means those with an annual income between $53,740 and $161,220. Compared to its peak, inflation in the U.S. has eased substantially. According to the Bureau of Labor Statistics,
The Los Angeles residence where “Friends” actor Matthew Perry passed away last year is now in the hands of a new owner. The home quietly sold for $8.5 million in an off-market deal, according to the New York Times. The property’s new owner, Arizona real estate developer and producer Anita Verma-Lallian, closed the transaction via
Amazon, which recently told 350,000 employees it wants them all back in the office five days a week, apparently needs more room for them. Jeff Bezos’ tech and retailing behemoth is in talks to lease all of HSBC’s 350,000 square feet at 452 Fifth Ave. when the bank moves to The Spiral next year, sources
You don’t have to believe Manhattan’s brokers when they say the wealthy have turned to renting — the numbers say it all. The amount of households raking in at least $750,000 and choosing to rent went up 10.5% between 2018 and 2022, according to the recent Federal Reserve’s Survey of Consumer Finances. Not only are
Many factors make it hard to buy a home today, but the one that makes “the biggest difference” in today’s market is the housing shortage, Property Brother Drew Scott said at CNBC’s Your Money event on Thursday. “I don’t think people realize this shortage of housing that we have affects everything,” added his brother Jonathan
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- …
- 472
- Next Page »