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
The Federal Deposit Insurance Corp. said Monday it had transferred all deposits, insured and uninsured, from the old Silicon Valley Bank to a new full-service bridge bank operated by the FDIC as part of an action to protect all depositors from the bank. . The move comes after the regulator closed the bank and its … 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
My mother passed away three months ago after a long and horrific decline due to dementia. It devastated me and my immediate family. I also had to quit my job during this time. My mother passed away less than a month after being transferred to a memory care unit, and I am still in deep … 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
Last updated: February 28, 2023 at 9:47 p.m. ET First published: February 28, 2023 at 9:40 p.m. ET As Salesforce Inc. cut jobs and looked for ways to cut costs, it also reportedly paid actor Matthew McConaughey more than $10 million a year to serve as a creative adviser and TV presenter. The Wall Street … Read more
Apartment rents have fallen in all major U.S. metropolitan areas in the past six months through January, a trend that is expected to continue as the largest delivery of new apartments in nearly four decades is expected to arrive. This year. Tenants with new leases in January paid a median rent 3.5% lower than they … Read more
Airbnb properties have a rating problem, according to hosts and guests: Most rentals in the United States get near the top five-star rating. Hosts are facing more competition for bookings as Airbnb has added more properties for rent, and as a result, hosts say their ratings are more important in setting them apart. Some hosts … Read more
The Terraces just listed for $200 million, making it the most expensive home in the Caribbean. The sprawling estate spans 17 acres and nine structures, and it features three pools. It is located on the small private island of Mustique, where Mick Jagger and Tommy Hilfiger have homes. A palatial estate in the Caribbean went … Read more
