Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs wi...
Tag: construction
Will mortgage rates soon hit 7%? What economists and real estate pros say
Will mortgage rates rise? Getty Images/iStockphoto Mortgage rates have been on a steady climb upwards: While they started the year at around 3.5% for a 30-year fixed-rate mortgage, they’ve since climb...
Home Prices Could Level Out in 2023, Redfin Says. What Could Make Them Drop.
Text size The median home sale price was 14% higher for the four-week period ending June 26 from a year earlier, Redfin said. Joe Raedle/Getty Images As the housing market cools down from its red-hot ...
Billionaire Pallonji Mistry, Indian Construction Pioneer, Dies At 93
Pallonji Shapoorji Mistry Vikas Khot/IndiaPictures/Universal Images Group via Getty Images India-born billionaire industrialist Pallonji Mistry, who died on Tuesday at age 93, led the 156-year-old Sha...
Office workers in San Francisco, Manhattan and Chicago are not returning to the office in significant numbers, research shows
Companies are trying to bring back employees into the office. Early data suggests that workers still aren’t that keen. According to a new report by Placer.ai, visits to office buildings have yet to ca...
These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts co...
The U.S. housing market is teetering on recession. Will the economy soon follow?
The last time the housing market suffered a major meltdown in 2006, it took the entire U.S. economy with it. But history never follows the exact same script twice. The weakening housing market is undo...
I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
The 7 Worst Housing Markets in America, According to Lennar
Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s...
Bonds haven’t protected you from the bear market in stocks. But this one asset class could have
Would you be interested in an asset class that produces long-term returns that are nearly as good as the stock market but is as uncorrelated with the stock market as bonds are? Of course you would. Bu...
The Housing Market Just Hit a Wall. What’s Next for Prices, Brokers, and Builder Stocks.
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slow dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a tw...
‘I feel bad that I’ll be taking most of his income’: I make twice what my boyfriend does. He pays me $300 in rent, but I want him to pay $800. Is that fair?
Dear Quentin, My boyfriend and I have been together seven years, and in that time I bought a house. I used my own savings and spent about $10,000 on renovations. My house is a three-bedroom family hom...
Housing Market ‘In Free-Fall’ As New Construction Plummets—Here’s When ‘Reset’ Could Cool Prices
Topline New housing starts unexpectedly plunged much more than economists projected—and for a second-straight month—in May, according to data released Thursday, adding to signs of an abrupt turnaround...
The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails
Last week’s shock U.S. inflation number continues to tear through markets, with dip buyers seemingly in hiding. The Nasdaq is in the lead with a 3% drop as trading gets underway. Investors are now foc...
Earnings Are Under Threat, Another Blow to Sagging Stock Market
Stocks have tumbled this year in the face of rising interest rates. But with inflation showing little sign of cooling, many investors fear corporate earnings could be the market’s next support to fall...
Softer Housing Sales Are Hammering Demand for Lumber
Inflation and rising mortgage costs are putting a dent in the housing market, which is hurting lumber demand. Frederic J. Brown/AFP/Getty Images Text size You can almost hear the sound of falling lumb...
‘I’m being taken advantage of by my own husband’: I pay all the bills and gave the down payment for our home, and all he does is buy stuff and contribute to his 401(k)
I’m being taken advantage of by my own husband. I have been married for almost 10 years. When my husband and I were first married, he convinced me to stop working after the first year or so, which I r...
Has House 3D Printing Finally Made It?
Outside of the additive manufacturing (AM) industry, one will often see the concept of additive construction referred to as “house 3D printing” or “3D printed construction.” Just see the results of th...
I put $200K toward a down payment for a condo unit with my boyfriend. He is on the title, but not on the mortgage. How do I protect my equity investment now?
Dear Quentin, I recently sold my apartment and put the equity earned (over $200,000) toward a new condo unit I own with my partner. My partner — we are not married — is on title, but not on the mortga...
The University Of Hong Kong Sets Up A Blockchain-Powered System To Track Construction Quality
Blockchain technology is now being used for construction quality monitoring in Hong Kong. An architecture research team at the HKU has developed a blockchain-based system to remotely keep an eye...
Home affordability has ‘collapsed’ in 2022. What to expect next, according to BofA
The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situat...
This veteran money manager has seen it all. And these 19 dividend stocks pass his rigorous quality screen right now.
Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. He founded Altfest Personal Wealth Ma...