A For Sale sign is displayed in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images Now may seem like the perfect time to put your home up for sale. Buyers are returning to the market, mortgage rates have fallen from recent highs and there … Read more
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
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
Stocks and real estate are facing the end of a nearly 20-year bull run and many family investors are ill-prepared for the “difficult times ahead”, said Candice Beaumont, president of the Salsano Group family office. . Beaumont, who oversees more than $1.5 billion in Miami assets, said soaring interest rates set the stage for a … 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
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
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
For its fiscal year that just started, Salesforce predicted an increase in profit margins and revenue that would exceed analysts’ forecasts. “Improving profitability is our top priority,” co-founder and chief executive Marc Benioff said in a call with analysts. Mr. Benioff said the company was downsizing, reducing property costs and increasing its expense control. He … 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
