November marked a notable increase in the sale of previously owned homes, rising by 4.8% compared to October, according to data from the National Association of Realtors (NAR). This uptick positions annualized sales at 4.15 million units when adjusted seasonally, indicating a significant leap of 6.1% from the previous November. Such growth is promising, showcasing
Real Estate
In 2024, the Federal Reserve took a significant step by lowering its interest rate target three times, which has sparked hope among many Americans for a potential drop in mortgage rates. However, experts suggest that this anticipated relief may be delayed. Jordan Jackson, a global market strategist at J.P. Morgan Asset Management, expressed skepticism, predicting
In a curious twist of economic indicators, the Federal Reserve recently implemented its third interest rate cut of 2024, lowering its benchmark rate by 0.25 basis points. Despite this move, one might expect a corresponding decrease in mortgage rates; instead, the opposite occurred. As of December 19, mortgage rates for a 30-year fixed loan surged
Recent market fluctuations have placed investors in a challenging position, prompting strategic decisions concerning long-term investments. In the wake of a substantial dip in stock prices driven by Federal Reserve announcements, Jim Cramer’s Charitable Trust has finalized trades that reflect both caution and opportunity within the current financial landscape. As we delve into these transactions,
In recent weeks, mortgage rates have experienced a significant uptick, directly influencing the overall demand for mortgages across the market. According to the latest data from the Mortgage Bankers Association, the total application volume saw a decline of 0.7% compared to the previous week. This marks a noteworthy shift as it is the first drop
The process of purchasing a home remains one of the most significant financial decisions many individuals and families will make. As we look toward 2025, prospective buyers and sellers must navigate an increasingly complex housing landscape characterized by evolving economic variables and shifting demographic trends. A recent report from the National Association of Realtors (NAR)
In the ever-dynamic world of investing, making informed decisions is crucial. Recently, substantial trades were executed involving shares of two prominent companies: Home Depot (HD) and BlackRock (BLK). By acquiring 25 shares of Home Depot, priced approximately at $407 each, and 15 shares of BlackRock at nearly $1,041 each, these transactions illustrate an astute shift
In June 2021, the tragic collapse of the Champlain Towers South in Surfside, Florida, sent shockwaves through the real estate community and prompted urgent legislative action aimed at improving safety standards for aging condominiums. Following this disaster, Florida lawmakers enacted stringent regulations requiring all condominium buildings older than 30 years to undergo specialized inspections, conduct
As 2023 unfolds, a remarkable shift emerges in the realm of homeownership, revealing that Generation Z (born between the late 1990s and early 2010s) is outperforming previous generations in securing homes. Data from Redfin highlights that 27.8% of Gen Z individuals aged 24 are homeowners, surpassing millennials and Gen X when they were at the
Timothy Armoo, co-founder of the influencer marketing agency Fanbytes and a notable figure in digital marketing, has become an emblem of modern entrepreneurship and financial independence. Following the sale of Fanbytes to Brainlabs in May 2022 for an undisclosed eight-figure sum, Armoo’s journey raises pressing questions about wealth, spending, and investment. Instead of following conventional