washington d.c. CNN — The median U.S. home price was lower in February than it was in February 2022, ending more than a decade of year-over-year increases, the longest never registered, according to a National Association of Realtors report released Tuesday. The median price for existing homes was $363,000 in February, down 0.2% from a … Read more
I inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years at below market prices. I don’t believe there was a lease, and it’s probably against building code to have tenants in the basement. The couple’s family lives nearby. I … Read more
WASHINGTON—Anyone who recently completed a home improvement project that suffered from rising costs, shortages and delays is now a distinguished business: The Federal Reserve, the U.S. institution charged with controlling inflation, is also struggling to contain the expenses of his sumptuous excavations. The central bank is in the midst of a long-running project to transform … Read more
The average 30-year fixed rate mortgage rate jumped more than 7% on Thursday to 7.1%, according to Mortgage News Daily. Growing fears that inflation may subside are pushing bond yields higher. Mortgage rates roughly track the 10-year US Treasury yield. “Rates continue to move at the suggestion of economic data, and the data hasn’t been … Read more
PropertyGuru reported a net loss of S$5 million ($3.7 million) while revenue grew 17% in the fourth quarter of 2022. The company cited challenges such as rising interest rates, government credit intervention in Vietnam and residual political uncertainty in Malaysia. “I think the stock is going to face challenges in the short term, especially with … Read more
For its fiscal year that just started, Salesforce predicted an increase in profit margins and revenue that would exceed analysts’ forecasts. “Improving profitability is our top priority,” co-founder and chief executive Marc Benioff said in a call with analysts. Mr. Benioff said the company was downsizing, reducing property costs and increasing its expense control. He … Read more
Hiring a top interior designer is a luxury few consumers can afford, but there are a growing number of services available to virtually decorate your space for less. The Expert, for example, offers one-hour consultations with top decorators for $1,000 to $2,000. For consumers who want help but may not have the means or access … Read more
In 2019, I purchased a 1,400 square foot, three-bedroom home in Atlanta, Georgia for $196,000. I thought I could earn some extra income by renting out the guest rooms on Airbnb, especially since I travel a lot for work and was rarely home. Unfortunately, bookings dried up in 2020. No one wanted to share a … Read more
Tesla Inc. TSLA would be on the lookout for its own lithium mining company, and the losses are piling up for the stocks of lithium producers. Shares of Albemarle Corp. ALB were down more than 4% on Tuesday, after falling nearly 10% on Friday. Livent Corp. LTHM stocks extended their losses for a third day, … Read more
Institutional investors could control 40% of US single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, DC lawmakers think Wall Street needs to get out of the market. “What we’re saying is there’s no investment capital to buy single-family homes,” said Rep. Ro Khanna, a Democrat representing California’s 17th … Read more
