17 Mins Ago Incoming Freddie Mac CEO sits down with Diana Olick at CNBC’s Capital Exchange Summit, alongside Taylor Morrison CEO Sheryl Palmer. While he says there’s “no major dip likely in front of us,” the bigger issue is “no one can figure out a way to build more affordable” without a change in regulatory
Real Estate
This estate in Bridgehampton is listed for $49.995 million. Courtesy of Out East via Bespoke Real Estate The Hamptons housing market is gearing up for a new summer season and included in it are several homes that aim to surpass last year’s most expensive sale. Closing at $40 million, 290 Further Lane in East Hampton
Early investors tend to buy stocks that are less than $10, SoFi CEO Anthony Noto said Thursday. They’re buying up recognizable names such as Ford Motor and General Electric, two centenarian corporations that are trading on the market for just above $10 per share. “It’s a representation that they don’t want to put a lot
Architect I.M. Pei stands inside of the construction site for the Louvre’s inverted pyramid. He designed the glass and metal pyramids to serve as an entrance to the Louvre museum. Paris, France. Owen Franken – Corbis | Corbis Historical | Getty Images I.M. Pei, whose modern designs and high-profile projects made him one of the
Gunther Schmidt, CEO and founder of Quarters Quarters Co-living is becoming one of the world’s most popular forms of urban housing, particularly for single millennials and those who travel for work. Among those leading the trend is a 34-year-old entrepreneur from a small town in Germany with no background in real estate or finance, or
Share to facebook Share to twitter Share to linkedin Seattle had big inventory gains according to Trulia. Getty Here’s the latest market update on housing inventory news from Trulia.com. A recent research report looked at inventory gains around the country. There’s a bit of positive news out there for buyers who have become increasingly frustrated
“The Historic Main Street Trolley in Memphis, Tennessee, with buildings, an elegant station, and water fountains in the background.” Davel5957 | E+ | Getty Images Live like a king on $100,000 in Memphis, Tennessee. It turns out the “Home of Blues, Soul and Rock ‘n Roll ” is the best U.S. city to live in
ShopPremiumOutlets.com will operate similar to a marketplace open to brands that are tenants of Simon Premium Outlets Simon Property Group Recently, Simon Property Group’s CEO David Simon told analysts on a post-earnings conference call “I think most of the bad news is behind us,” referring to store closures and retail bankruptcies. “But I can’t guarantee
The latest increase in Chinese tariffs is hitting home remodelers where they live, and they are passing those higher costs on to clients. From tile to counter tops, laminates to lighting, all the fancy finishings — about 450 of them, worth approximately $10 billion a year in expenditures nationwide — are on the list that
Share to facebook Share to twitter Share to linkedin This converted carriage house is one of only 15 homes in the exclusive Grace Court Alley in Brooklyn Heights. Compass One of the last converted carriage houses of the renowned Grace Court Alley in Brooklyn Heights has come on the market after 15 years. The 25-foot-wide
Amnesty International has widely protested the Chinese treatment of predominantly Muslim ethnic groups in Xinjiang. Here, a protester is confronted by supporters of Chinese Prime Minister Li Keqiang on Oct.16, 2018 in The Hague, Netherlands. Pierre Crom | Getty Images A state-owned Chinese shipping company refused to lease an office space in New York City
The historic Erickson ranch in Aspen, Colorado Christie’s International Real Estate Of all the neighborhoods in Aspen, Colorado, Red Mountain is one of the most prestigious. One particular estate in this sought-after enclave on Aspen’s north side is the largest, most private lot currently listed, earning its owners serious bragging rights. The historic Erickson ranch,
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois, U.S., on Sunday, Aug. 19, 2018. Daniel Acker | Bloomberg | Getty Images After pulling back for several weeks, homebuyers stepped back into the mortgage market last week. Total mortgage application volume increased 2.7% compared with the previous week, according to the
(Photo by Leon Neal/Getty Images) Getty Telefonica-owned U.K. mobile operator O2 has partnered with U.K.-based Wireless Infrastructure Group to bring 5G to U.K. hotels, shopping malls, sports stadiums, and conference centers. The multi-million-pound investment is designed to deliver enhanced connectivity to these busy public spaces. “This significant investment in our network will give O2 customers an even
LOS ANGELES — California Gov. Gavin Newsom, in his revised state budget released Thursday, proposed a record-$213.5 billion spending plan for the next fiscal year — a 2% increase over his January budget. The budget includes money to fund health care for undocumented immigrants, as well as $1.75 billion to help boost housing production statewide
How will we know whether Opportunity Zones have been successful? That’s a question many investors and community leaders have been asking since the bill’s enactment in December 2017. The good news is, there may finally be a way to figure that out. The bad news? The official enactment may take a while. A new proposal
LOS ANGELES — California’s Central Valley continues to grow in population even though it suffers some of the highest unemployment in the state. The state’s new Democratic governor is pushing economic development in the agriculturally dominated region, but a newly issued report from a think tank isn’t very encouraging. “Most economic indicators have not moved
What kind of silver spoon was little Archie Harrison Mountbatten-Windsor born with in his mouth? Probably a gold one. After all, his great-grandmother lives like a queen. Only Elizabeth II can call several palaces home, don Cartier tiaras, own rare paintings, collect Thoroughbreds, and match endless colorful hats with a rainbow of outfits without being
Millennials have hugely unrealistic expectations about when and how much they will inherit, according to new research. According to the investment management firm Charles Stanley, millennials expected to be left an average £129,380 ($168,450) – but official statistics showed that the average inheritance in the U.K. is currently £48,000, while the median inheritance is £11,000.
In March 2009, Uber was born. Over the subsequent decade, the company became more than a controversial transportation company; it proved the scalability of the two-sided market. Though Uber was not the first company to deploy this model, it did so with unmatched pace and veracity, evidenced by its place in common vernacular. Overnight, VC
President Donald Trump Joshua Roberts | Reuters President Donald Trump on Wednesday fired back at The New York Times over the newspaper’s investigative report that said his tax figures from 1985 through 1994 showed staggering business losses of more than $1 billion. “You always wanted to show losses for tax purposes….almost all real estate developers
Share to facebook Share to twitter Share to linkedin Real estate agents, like mortgage providers, title insurers, and home inspectors, depend on the free flow of information and compensation to remain in business. AdobeStock_113802827 What is it about 2019 which seems to be drawing the ire of regulators and competitors to the residential real estate
A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Home prices are less heated this spring, but the largest metropolitan markets are still overpriced. About 40% of the nation’s top 50 markets, based on the number of homes, were overvalued in March, according to
Mother’s Day is coming up on Sunday and her favorite café is sure to be busier than it’s ever been. (If you haven’t made a reservation yet, breakfast in bed may be the way to go this year.) Either way, a meal alone won’t cut it, so consider a gift that lasts longer than brunch,
Getty Images High home prices along with strong demand have today’s youngest homebuyers moving to smaller cities — and that could mean a boom for local economies and home values in those markets. For example, Madison, Wisconsin is a new mecca for millennials, according to a recent study from the National Association of Realtors, which
Skyscraper and high-rise buildings near The Bund at night. Getty In a previous article, I theorised that one of the key PropTech themes for this year is that of “smart” technologies. Industry players seek solutions that help deliver the now widely accepted principle of real estate-as-a-service. There are many ways this goal can be achieved, from
(AP Photo/Bullit Marquez) ASSOCIATED PRESS The Philippines is already caught in China’s web, but there’s still the time and a way to escape from it. The time is now that its economy isn’t heavily dependent on China. And the way is by saying “no” to Chinese investments that could leave the country heavily indebted to
‘Full House’ premiered on ABC in September 1987 and produced a latter-day spin-off (‘Fuller House’) in 2016. (AP Photo/Eric Risberg) A pillar of American television history is once again for sale in San Francisco’s Lower Pacific Heights neighborhood. As of Thursday, the famed Victorian abode pictured in the opening credits of Full House and its Netflix reboot, Fuller
Firefighters battle flames overnight during a wildfire that burned dozens of homes in Thousand Oaks, California, November 9, 2018. Eric Thayer | Reuters Extreme weather, from floods to wildfires to high-category hurricanes, is causing ever more damage to neighborhoods. Now, new research shows that much of the nation’s housing stock may be underinsured against these
Will Blockchain Make Poverty Obsolete? iStock Why is it that capitalism seems to work so well in Western countries and fails the majority of the world that is living in poverty? According to the economist Hernando de Soto, the answer lies in something that he calls “dead capital” – assets without proof and liquidity. Developing
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