Tag: housing
The housing market is no longer a wealth-building engine as home prices continue to slump
High home prices and mortgage rates have created unaffordable conditions for many Americans, but the housing market’s ability to create more wealth has sputtered.
That’s...
New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession, but that doesn’t mean it’s the same market
The U.S. housing market’s inventory is growing, putting pressure on prices and slowing new construction, according to fresh research from the Bank of America...
In a frozen luxury housing market, buyers are asking to ‘try before you buy’ and having sleepovers in multimillion-dollar mansions
In today’s luxury housing market, it’s become increasingly difficult to sell for what the homeowner might think the home is worth—and even high-profile sellers...
Newly engaged Taylor Swift and Travis Kelce share a $1.67 billion empire—the power couple will be 2.5X richer than the Beckhams when they say ‘I do’
The athlete locked in their arrangement with a diamond ring estimated to be worth around $550,000—a small token to mark the billion-dollar empire they’ll...
Americans think you should land your dream job by 29, buy your first home at 30, and earn six figures by 35—they’re in for a reality check
Americans love to keep an imaginary list of life milestones–buy a home, start a family, hit six figures, all complete with age expiration dates....
Trump’s secret weapon: Housing chief Bill Pulte morphs into attack dog, wielding America’s property records like a club
When Bill Pulte was nominated as the country’s top housing regulator, he told senators that his “number one mission will be to strengthen and...
Katy Perry’s latest real-estate courtroom circus has pregnancy mix-ups, Trudeau gossip, and an 85-year-old foe
A lawyer asked Katy Perry on Tuesday whether she stood to gain money or anything else from a trial in a long legal fight over a...
Boomer NYU professor says Gen Z’s lazy label comes from zero faith in the payoff of hard work—and a fear that the world will end in 20 years anyway
“Gen Z no reason to believe that they’re ever going to have economic security,” Suzy Welch, professor of management practice at New York...
Mark Zuckerberg gifted noise-canceling headphones to his Palo Alto neighbors because of the non-stop construction around his 11 homes
Mark Zuckerberg, the billionaire cofounder of Facebook and CEO of Meta, reportedly gave noise-canceling headphones to his neighbors in the Crescent Park neighborhood of...
Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a ‘financial ticking time bomb’
Although mortgage rates peaked at 8% in late 2023, they remain relatively elevated at about 6.5%. But some members of the younger generations continue...