Real estate
‘I work just 4 hrs a day’: This 29-12 months-old’s aspect hustle provides in $2 million a year—a look at her common working day
Educating Microsoft Excel on TikTok was my ticket out of corporate The united states. I posted the first video clip on my account, Overlook Excel, in June 2020. At the time, I was dwelling at my mothers and fathers house and buried in pupil credit card debt. But within just a couple months, the video […]
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Home sales tumbled more than 7% in November, the 10th straight month of declines
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units housing analysts had predicted, and it was a much deeper fall than usual monthly declines. Sales were down 35.4% year […]
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Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from […]
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Inside the largest mansion for sale in Malibu, going for $58.8 million
This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. At 16,600 square feet, it’s the grandest single-structure residence in town and a whopping 4,100 square feet bigger than the next-largest home on the market. The Bali-inspired residence at 11870 Ellice Street, named the Kaizen House after a […]
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Homebuilder sentiment drops for the 12th straight month, but a bottom may be near
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Homebuilders were less confident about their business in December, but they are starting to see potential green shoots. Builder sentiment in the single-family housing market dropped two points to 31 in December on the National Association […]
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Rooftop solar: How homeowners should do the math on the climate change investment
Solar panels create electricity on the roof of a house in Rockport, Massachusetts, U.S., June 6, 2022. Picture taken with a drone. Brian Snyder | Reuters When Josh Hurwitz decided to put solar power on his Connecticut house, he had three big reasons: To cut his carbon footprint, to eventually store electricity in a solar-powered […]
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Home flipping profits drop at the fastest pace in over a decade
As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from […]
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Mortgage demand inches higher as interest rates move lower
After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or […]
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Musk’s Twitter reportedly has not compensated hire on its place of work areas for months
Pedestrians walk in entrance of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Illustrations or photos In an effort to lower expenses following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media enterprise has stopped having to pay hire, in accordance to a report from The […]
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Mortgage rates drop after CPI report, but the housing market is far from out of the woods
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a lower-than-expected reading of the November’s […]
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