Recent reports have surfaced regarding Donald Trump’s legal battle to secure a $464 million appeal bond in a civil fraud case. Initially in talks with insurance giant Chubb, Trump and his co-defendants faced a setback when the company backed out of the agreement. Despite efforts from more than 30 other companies declining to craft a
Real Estate
A recent study has revealed that while inflation has increased by 10 times over the past 60 years, home prices have skyrocketed by 24 times. This means that if home prices had followed the rate of inflation since 1963, the median price of a typical house in the U.S. would be around $177,511. However, the
President Joe Biden is set to visit Nevada to tackle the issue of corporate landlords keeping rents artificially high, despite an overall easing of inflation. This move is part of his strategy to shift the responsibility for high living costs away from his administration and towards corporations with significant pricing power. While the economy seems
Artificial intelligence is making its mark in the world of architecture and housing, with companies like ICON leading the way. By introducing Vitruvius, an AI program that assists consumers in designing custom homes online, the process of creating personalized homes has become more cost-effective and efficient. This innovative technology is set to revolutionize the way
In a recent court filing, it was revealed that Donald Trump is facing significant financial challenges when it comes to obtaining an appeal bond to prevent the seizure of his real estate assets in New York. His legal team communicated that they were unable to secure a bond that could cover the full $454 million
The Federal Reserve is expected to keep interest rates steady following a two-day meeting, despite signs that rate cuts may be on the horizon. Federal Reserve Chair Jerome Powell has emphasized the need to strike a balance between combating inflation and supporting economic growth through interest rate adjustments. However, even as the Fed considers lowering
As spring approaches, the real estate market typically sees an increase in buying and selling activity. The number of new listings has already shown a significant increase compared to last year, with a jump of 14.8%. This surge in new listings is the largest annual gain since May 2021, according to recent data from Redfin,
Rudy Giuliani, the former Mayor of New York City and personal lawyer to ex-President Donald Trump, is facing significant financial challenges as creditors are looking to force him to sell his $3.5 million condo in Florida in order to help pay off his substantial debts. In December of last year, Giuliani filed for bankruptcy protection,
As we approach the spring season, individuals searching for rental properties are confronted with a highly competitive market. The latest Rental Market Report from Zillow Group reveals that the average asking rent in the U.S. surged to $1,959 in February. This represents a minimal 0.4% increase from the previous month but a significant 3.5% uptick
In the past week, there has been a slight decrease in mortgage rates, resulting in a noticeable increase in mortgage demand for the second consecutive week. The Mortgage Bankers Association reported a 7.1% rise in total application volume compared to the previous week. Specifically, the average contract interest rate for 30-year fixed-rate mortgages saw a
