Dear Quentin, My sister is two years older than me. We both are married and have incomes in the low six figures, and our husbands have similar earnings. When she was in her 20s, my sister and her husb...
Tag: construction
Do not leave any paper trail: how a group of sovereign citizens used a phony credit repair business to amass a real estate empire
Bad credit? No problem. A group of alleged scam artists have been charged with running a fraudulent credit repair business and then using their clients’ identities to get mortgages on millions of doll...
People Are Backing Out of Home Purchases
Text size D.R. Horton said its cancellation rate was 24% in the latest quarter. Above, contractors at a D.R. Horton development in Florence, Ariz. Caitlin O’Hara/Bloomberg In its most recent qua...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates even if there is a recession, said former Richmond ...
The Fed’s next interest rate hike ‘might be the biggest in decades.’ So we asked 6 real estate pros: What might that do to mortgage rates?
What might happen to mortgage rates soon? Getty Images/iStockphoto Word on the street is that the Federal Reserve may raise rates by 1% at their July 26 meeting — as they try to quell inflation that n...
New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up
Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to da...
Royal Caribbean to buy Endeavor cruise ship at ‘significantly below’ construction cost
Shares of Royal Caribbean Group RCL, +6.71% hiked up 2.7% in premarket trading Monday, after the cruise operator said it received court approval to buy the “ultra-luxury” cruise ship Endea...
Home Builders Halt Construction As Confidence Plunges To Two-Year Low
Topline Home builder confidence plunged to a two-year low in July as high inflation and supply chain constraints prompted many builders to halt construction on homes, the National Association of Home ...
The 15 housing markets in America that are now actually more affordable than they were in 2005
“Worsening affordability appears to be having an impact on demand, which could lead to prices plateauing or even correcting modestly in some markets,” one pro told MarketWatch Picks. Getty Images/iSto...
Lumber Prices Tumble After Huge Gains in 2021
Shopping for lumber at a Home Depot in Alhambra, Calif., earlier this year Frederic J. Brown/AFP/Getty Images Text size The lumber market has taken some big hits from rising inflation and a slowdown i...
Opinion: The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive best known for executing one of the worst acq...
The Wing CEO Exits After Five Months in Top Job
The chief executive of women-focused co-working company the Wing, Jen Cho, has left the company after fewer than six months in the role. Ms. Cho declined to comment on her reasons for leaving the comp...
Home builders cut prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes is cooling as buyers cancel orders, and builde...
Home prices may still rise, but car values are set to fall from pandemic peak: Goldman
Homes and vehicles are two big-ticket items that most American families will require financing to obtain. There’s some good news — and bad news — when looking at both assets in the next two years, acc...
These 10 stocks from a sector that is a bear-market bulwark have upside potential of up to 30%
During times of uncertainty, it can help to look at what happened during other down cycles for stocks. True, we don’t know when the stock market will hit bottom during this cycle, or if it already has...
Blackouts, Major Construction Delays Test U.S. Grid
Heatwaves are challenging the grid. getty The future for U.S. electric utilities is under a dark cloud — a cloud generated as much by their century-plus of success as anything else. The nation has com...
I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now
As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the Nat...
Falling Commodity Prices Raise Hopes That Inflation Has Peaked
A slide in all manner of raw-materials prices—corn, wheat, copper and more—is stirring hopes that a significant source of inflationary pressure might be starting to ease. Natural-gas prices shot up mo...
Opinion: We’re probably in the early stages of a new bull market. Nervous? Start with these 5 ‘moat’ stocks
The odds are good that June 16 marked the stock market’s low, and we are in the early stages of a new bull market. Inflation is rolling over. Supply chains are repairing. There is enough terror in the...