I inherited a house in San Francisco from my aunt. My aunt had rented her basement (probably illegally) to an elderly couple for a few years at a price below market price. I don’t believe there was a lease, and it’s probably against the building code to have tenants in the basement. The couple’s family … Read more
According to a new report from Swiss air quality technology company IQAir, about 90% of the world’s population will be affected by unhealthy air quality by 2022. IQAir measured air quality based on the concentration of lung-damaging airborne particles known as PM2.5. The report found that the top five most polluted countries in 2022 were … 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 “tough times ahead,” said Candice Beaumont, president of the family office of the Salsano Group. Beaumont, who oversees more than $1.5 billion in Miami assets, said rising interest rates are paving the way … Read more
Demand for mortgages increased for the second week in a row, despite some volatility in mortgage rates. Total application volume rose 6.5% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) fell from … Read more
A “For Sale” sign outside a home in Atlanta, Georgia, on Friday, February 17, 2023. Dustin Rooms | Bloomberg | Getty Images After falling to a 28-year low last week, demand for mortgages recovered slightly, even as interest rates rose. Total mortgage applications rose 7.4% last week, according to the Mortgage Bankers Association’s seasonally adjusted … Read more
With activists flooding Salesforce , the cloud-based enterprise software titan delivered an earnings report that sent shares flying. In an interview, CEO Marc Benioff compared dealing with activists to shopping for dessert. “It’s like going to an ice cream parlor,” Benioff said from Baron Andy Server. “They are all different tastes. And they all have … Read more
The average rate on the 30-year fixed mortgage rose more than 7% to 7.1% on Thursday, according to Mortgage News Daily. Growing fears that inflation will not cool are driving up bond yields. Mortgage rates loosely track the yield on the US 10-year Treasury. “Rates continue to move at the suggestion of economic data and … Read more
PropertyGuru posted a net loss of $5 million Singapore dollars ($3.7 million), while revenue improved 17% in Q4 2022. The company cited challenges such as rising interest rates, government credit intervention in Vietnam and remaining political uncertainty in Malaysia. “I think the stock will face some challenges in the near term, especially with the cooling … Read more
Investors are increasingly concerned that rating agencies will delist Israel due to a serious political crisis. Mass protests have intensified as Israel’s parliament, the Knesset, moves closer to drafting a law that will change the way the country’s justice system works. Shira Greenberg, chief economist at Israel’s finance ministry, wrote that “credit rating agencies are … Read more
Last Updated: February 28, 2023 at 9:47 PM ET First published: February 28, 2023 at 9:40 PM ET While Salesforce Inc. cutting jobs and looking for ways to cut costs, it also reportedly paid actor Matthew McConaughey more than $10 million a year to serve as a creative consultant and TV pitchman. The Wall Street … Read more