Sales of $10 million homes surge in Palm Beach and New York
The number of homes that sold for $10 million or more in the second quarter jumped 44% in Palm Beach and 16% in New York, according to Knight Frank.
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Money market funds hit another record high — but experts warn it’s time to move out of cash. Where they see opportunity
Assets in money market funds hit $6.3 trillion the week that ended Wednesday, another record high, according to the Investment Company Institute.
The ‘vibecession’ is ending as the U.S. economy nails a soft landing, economists say
As inflation cools and the Fed is set to lower interest rates, consumer sentiment is improving. But a recession will happen at some point.
Montana’s hot housing market heats up critical senate race
High housing costs and growing unaffordability is a key issue in Montana’s race, which ultimately decide which party controls the Senate.
Home listings are up more than 60% in some cities. Here’s where
Nationwide, active listings in August were up 36% compared with the same month last year, according to a new report from Realtor.com.
Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big
Nobel Prize-winning economist Joseph Stiglitz believes the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting
How Gen Z is beating Millennials in the homeownership race
In 2023, the homeownership rate for adult Gen Zers was higher than the homeownership rate for millennials and Gen X when they were 24, according to Redfin.
How Gen Z outpaces past generations in the homeownership race
In 2023, the homeownership rate for adult Gen Zers was higher than the homeownership rate for millennials and Gen X when they were 24, according to Redfin.
Samara co-founder Joe Gebbia: Our mission is to improve the way people live by reimagining the home
Joe Gebbia, Samara co-founder and Airbnb co-founder, and Mike McNamara, Samara co-founder and CEO, join ‘Squawk Box’ to discuss the company’s effort to build and deliver Accessory Dwelling Units (ADU) to customers in California, how the idea was born, the cost structure behind the Samara backyard models, and more.
Older offices are the biggest concern for U.S. commercial real estate, says Eldridge Acre Partners
Warren Wachsberger of Eldridge Acre Partners says the short-term issues facing U.S. commercial real estate has made it an investment opportunity and that values have bottomed out.
Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again
Total mortgage application volume rose 1.6% last week, compared with the prior week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Housing sector must be stabilized to restore consumer confidence in China, economist says
Wei Yao, china economist at Société Générale, discusses weakening growth momentum in China and explains what policy makers can do to support the economy.