An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume rose 6.9% last … Read more
Homeownership in the largest U.S. cities has been put further out of reach for all but the richest residents, according to a recent analysis by mortgage analytics firm HSH. A household needs to earn $463,887 to afford a median-priced home in San Jose, California, making it the most expensive of the 50 largest U.S. cities. … Read more
Smiling businessman with laptop and credit card in a restaurant in the evening Pixelfit | E+ | Getty Images India is expected to see the fastest growth in ultra high net worth individuals globally over the next few years, according to consultancy Knight Frank. Earlier this year, India’s financial center, Mumbai, overtook Beijing to become … Read more
Ramit Sethi, self-made millionaire and star of Netflix’s “How to Get Rich,” says that renting is unfairly dismissed as “wasting money” because “it’s going to a landlord” rather than building wealth. But when you pay rent, “you’re not throwing money away,” Sethi tells CNBC Make It. “You’re paying for a roof over your head. You’re … Read more
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed … Read more
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households … Read more
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo revenue and profit plunged in the company’s fiscal first quarter, as sales of the ageing Switch console decline. Here’s how Nintendo did in its fiscal … Read more
The latest inflation data released, has pointed to a potential interest rate rise when the Reserve Bank meets next week. The Australian Bureau of Statistics (ABS) released the latest Consumer Price Index (CPI) numbers on Wednesday. The CPI rose by 1 per cent in the second quarter of 2024, bringing annual headline inflation to 3.8 … Read more
Brisbane employers appear to be coaxing staff out of working from home, with new data pointing to a hot market for CBD office real estate. Brisbane is the only Australian capital city with positive demand and negative supply for CBD offices, according to the Property Council’s half-yearly Office Market Report, released on Thursday. The Queensland … Read more
Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024. Elijah Nouvelage | Afp | Getty Images “Building up the middle class will be a defining goal of my presidency,” Vice President Kamala Harris said at a political event in Atlanta on Tuesday evening. “When our middle … Read more
