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Real Estate
Sales of $100 million homes set to double this year
A view of the Central Park Tower at 217 West 57th St. in New York City.Source: Cody Boone, SERHANT StudiosA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth…
Elon Musk foreclosing on $13M home after generous loan goes bad
Check out what's clicking on FoxBusiness.com. Elon Musk has reportedly begun the foreclosure process on a late movie star’s former Bel Air, California, house that a couple acquired with the assistance of a loan from him. The…
How Harris, Trump campaigns could impact homebuilder stocks
Shareholder returns for top homebuilders D.R. Horton and Lennar outpaced the wider S&P 500 between August 2014 and August 2024. Analysts downgraded the investment outlook of both companies this summer. However, some investors remain…
The case for a 40-year mortgage
Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment.Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away.…
After mini-boom, weekly mortgage refinance demand falls back 15%. Here’s
A house under construction is seen between completed houses in a new development in Brambleton, Virginia on August 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage rates fell for the third week in a row last week, but the…
What to know about Harris’ affordable housing economic proposals
Democratic presidential candidate Vice President Kamala Harris speaks at an Aug. 10 campaign rally in Las Vegas.Justin Sullivan | Getty Images News | Getty ImagesSupply is housing policy's 'bipartisan sweet spot'"The bipartisan sweet…
Money moves to consider ahead of a Fed rate cut
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data."We think that the time is approaching," Fed Chair Jerome Powell said at a press conference after the last Federal Open…
Illinois mansion sitting on Lake Michigan shore seeks $35M
Jena Radnay of @properties Christie’s International Real Estate privately listed the property on behalf of the owner, identified as former Goldman Sachs executive Muneer Satter. It was earlier reported by The Wall Street Journal.…
Home insurance premiums rose 21% in 2023, partly due to climate change
A view of flooded streets after 24 hours of continuous heavy rain over Fort Myers, Florida, United States on June 13, 2024.Anadolu | Anadolu | Getty ImagesConsumers preparing to renew their homeowners insurance policy may experience some…
Building up middle class will be a goal. How she may do it
Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024.Elijah Nouvelage | Afp | Getty Images"Building up the middle class will be a defining goal of my…