Tag: housing
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...
The Fed is starting to worry about the housing market now
Wall Street has been laser focused on the Federal Reserve’s monetary policy this past week, but minutes from the central bank’s last meeting revealed...
High housing costs stall the market, leaving buyers and owners in limbo
Fresh data released this week underscored just how stuck the U.S. housing market is.
On Monday, a closely watched sentiment index of the companies that...
Cape Cod is considering taxing luxury home sales of $2+ million to raise funds for the housing market’s ‘missing middle’
Cape Cod is one of the most expensive housing markets in the U.S. While the median home price in the beachy region of Massachusetts...
The exact salary the ultra-wealthy say they’d need to feel ‘comfortable’ in the current climate has been revealed—and it starts at $500,000
It wasn’t too long ago when earning six figures felt like achieving the American Dream: luxury sports cars parked in front of mansions, fridges...
Even a 1% mortgage rate drop could be enough to ‘unlock’ the frozen housing market, Oxford Economics says
If you’re waiting for mortgage rates to fall to around 3% to buy a home, don’t hold your breath. The likelihood mortgage rates will...
The price premium on new-construction homes is dissolving. New home prices dropped in 30% of large U.S. cities last quarter
While new-construction homes have historically been more costly than buying an existing house, that trend is changing in some markets. Last quarter, year-over-year median...
Oakley’s billionaire founder is the latest victim of the sluggish luxury housing market—but the profit he could still make shows an underlying problem
Even the wealthiest Americans are contending with today’s housing market. Take James Jannard, the billionaire founder of luxury eyewear and apparel brand Oakley, as...
The ultra-wealthy expect hotel-level amenities for their homes—and developers are racing to keep up
While amenities like a gym and a pool are considered attractive features by most apartment seekers, the nation’s wealthiest renters see these as basic...
