Recent data suggests that the rate at which home prices are increasing is beginning to slow down. In the United States, home prices only saw a 0.6% increase from the previous month in February. This growth aligns with the average monthly gain of 0.6% that was observed for approximately eight years leading up to the
Real Estate
China is currently at a critical juncture, with the International Monetary Fund emphasizing the need for the country to choose between sticking to old economic policies or embracing reforms to boost growth. The IMF’s Managing Director, Kristalina Georgieva, believes that China has the potential to significantly accelerate its economic growth by implementing a comprehensive package
The legal battle between former President Donald Trump and the New York Attorney General Letitia James has taken a new turn with Eric Trump, a co-defendant in the case, accusing James of attempting to bankrupt his father with the $454 million civil business fraud judgment. Eric Trump claimed that the attorney general is trying to
Recently, Judge Arthur Engoron ordered Donald Trump’s company to inform a court-appointed financial watchdog about any attempts made to obtain an appeal bond. This decision came after Trump’s lawyers claimed the difficulty in securing such a bond for a civil business fraud case he lost. The former president is seeking to prevent New York Attorney
The National Association of Realtors reported a remarkable 9.5% surge in existing home sales in February compared to January, reaching a total of 4.38 million units on a seasonally adjusted annualized basis. This unexpected increase caught housing analysts off guard, who were actually anticipating a slight drop in sales. Despite a 3.3% decrease in year-over-year
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
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