Homebuyers touring a house with a real estate agent. sturti | Getty The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie
Miami’s barrier islands are home to many tall luxury buildings, and, according to a study recently published in Earth and Space Science, about three dozen are sinking. Thirty-five luxury condos and hotels across Florida’s Sunny Isles Beach, Surfside, Miami Beach and Bal Harbour have faced subsidence in the past handful of years, the study found.
Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract interest rate for
Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales
It’s a knockout! A landmarked, $49.5 million Gilded Age mansion in the heart of Manhattan has caught the eye of famed boxing champ Floyd Mayweather Jr. After recently touring the city’s most expensive rental, as Gimme Shelter exclusively reported — a $150,000-a-month Soho penthouse owned by former Uber CEO Travis Kalanick — Mayweather has moved his
We’re buying 50 shares of CrowdStrike at roughly $354 each and 25 shares of Home Depot at roughly $390. Following Thursday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of CRWD, increasing its portfolio weighting to 2% from 1.5%. The Trust will also own 225 shares of HD, increasing its weighting to 2.5% from
Eyecrave Productions | E+ | Getty Images Buying a house is not easy or cheap, especially in today’s market. But while it’s too soon to tell whether the housing market is going to favor buyers or sellers next year, some areas will offer more favorable market conditions than others, according to a new report by
Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of
As a life/business coach, Tony Robbins helps people reach new heights. He apparently wants to live that way, too. Robbins is in contract to buy a splashy, glass-cubed penthouse at the Waldorf Astoria Hotel & Residences Miami, billed as the tallest residential building south of Manhattan. At 1,049 feet high, the Waldorf will be Miami’s
The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third rate cut in a row — all together shaving a full percentage point off the federal funds rate since September. For consumers struggling under the weight of high borrowing costs after
Watch the FULL Documentary on September 8th at 1PM PST / 4PM EST on Rumble. https://Rumble.com/Redacted. In this captivating feature documentary filmed six months before his passing, eminent scholar and lifelong peace activist Graeme MacQueen shares his final words on 9/11 and the 2001 anthrax attacks. “Peace, War and 9/11” is a production of the
A modest home in the Butterworth Farms neighborhood of Morris Township, New Jersey turned heads this month when it sold for an eye-popping $255,000 above the asking price, marking a staggering 26% jump. Listed for $995,000, the four-bedroom, four-bathroom Colonial ultimately closed at $1.25 million, shattering expectations. “The interest was through the roof,” Lisa Molinari
We’re buying 25 shares of Home Depot at roughly $407 each and 14 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will own 75 shares of BLK
Hilton assured us in October that the latest postponement we recently reported in reopening the landmark Waldorf-Astoria hotel — until spring of 2025 — would be the project’s last delay. A week ago, as if to give credence to that, Hilton trumpeted that the online room reservations site would go live on Dec. 10. It
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