Home sales spike in February, median price drops

Home sales spike in February, median price drops

A “For Sale” sign outside of a home in Atlanta, Georgia on Friday, Feb. 17, 2023. Dustin Rooms | Bloomberg | Getty Images Sales of older homes rose 14.5% in February from January, according to a seasonally adjusted tally from the National Association of Realtors. That put sales at an annualized rate of 4.58 million … Read more

Can I evict tenants who lived in a house I inherited for years without a lease?

Can I evict tenants who lived in a house I inherited for years without a lease?

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

Foxconn, Apple’s main supplier, plans major expansion in India

Foxconn, Apple’s main supplier, plans major expansion in India

NEW DELHI— Apple Inc. AAPL 3.51% main manufacturer, Foxconn Technology Group, is eyeing major expansion in India, possibly including assembling millions more iPhones and setting up new production sites as it seeks to further diversify beyond China. Foxconn is set to expand production of iPhones at its existing factory near Chennai in the southern Indian … Read more

Mortgage rates rise to over 7% as inflation fears spook markets

Mortgage rates rise to over 7% as inflation fears spook markets

The average 30-year fixed rate mortgage rate jumped more than 7% on Thursday to 7.1%, according to Mortgage News Daily. Growing fears that inflation may subside are pushing bond yields higher. Mortgage rates roughly track the 10-year US Treasury yield. “Rates continue to move at the suggestion of economic data, and the data hasn’t been … Read more