High and Dry in Manhattan Buyers and Sellers in Housing Market Stand Off
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Housing market frozen as home buyers ‘hold out’ for lower mortgage rates
Mortgage applications dipped 0.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.93%.MarketWatch - Business - Mortgage -
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.MarketWatch - Business -
Consumer advocates, realtors hail NAR settlement: What it means for buyers and sellers
The process of buying a home has seemingly never been simpler: Find a property on a listings website like Zillow, Redfin or Trulia; reach out to the listing agent; tour the property; and make an offer.NBC News - Top stories -
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers
While price growth is moderating and inventory is improving, overall housing costs remain high, experts say. Here's what to expect.CNBC - Business -
Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers.
The rate at which home prices grow is slowing down.NBC News - Top stories -
What Comes Next for the Housing Market?
The Federal Reserve still expects to cut rates this year, and a change in selling practices could shake up home shopping. Here’s the outlook.The New York Times - Business -
Bellway chief says housing market ‘on the road to recovery’
FTSE 250 developer says stabilising mortgage rates have fed through to rising sales since start of yearFinancial Times - World -
Ericsson to lay off 1,200 employees in Sweden amid mobile markets’ slump
The Swedish telecoms company has said a slowdown in investment in mobile infrastructure will continue impacting its sales in 2024.MarketWatch - Business -
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
Yahoo News - World -
Los Angeles considers reparations for families forced off land where Dodger Stadium stands
A new bill seeking reparations for families forced out of their homes in Los Angeles' Chavez Ravine area in the 1950s to build Dodger Stadium is being considered by California legislators.NBC News - Top stories -
US-Best-Sellers-Books-PW
US-Best-Sellers-Books-PW Week ending 3/23/2024ABC News - Entertainment -
New York uncorked: Manhattan’s coolest wine stores
The best places to pick up a bottle of something delicious — for everyone from connoisseurs to the wine curiousFinancial Times - World - New York -
RH expects furniture demand to improve, after ‘the most challenging housing market in three decades’
Shares of RH rallied after hours on Wednesday, after the luxury furniture chain said it expected demand to pick up through this year, after contending with what it said was “the most challenging housing market in three decades.”MarketWatch - Business -
Councils now sell off more houses than they build. Thatcher’s legacy, right to buy, is a failure
The right still reveres her flagship policy, but the repercussions are more homelessness, spiralling rents and bankrupt councils. Of all the policies imposed on Britain by Conservative governments, few have reshaped the country’s fortunes as ...The Guardian - World -
The surge in U.S. home prices has drawn small investors into the market, where they are buying houses with the intention of selling them quickly for a profit.
The surge in U.S. home prices has drawn small investors into the market, where they are buying houses with the intention of selling them quickly for a profit.The Wall Street Journal - World -
Here’s the latest on the hearing.
The prosecution of Donald J. Trump is scheduled for April 15. The former president wants to delay it further as he seeks to regain the White House.The New York Times - Top stories -
Judge Imposes Gag Order on Trump in Manhattan Criminal Trial
The order limiting the former president’s speech came after Justice Juan M. Merchan set an April 15 trial date for the case, which involves a sex scandal cover-up.The New York Times - Top stories - Donald Trump -
Former Mongolian Prime Minister's Luxury Manhattan Apartments Targeted by U.S.
The two apartments were purchased with the proceeds of corrupt Mongolian mining contracts, according to court documents.The Wall Street Journal - World -
To make water last year-round, Kenyans in dry regions are building sand dams on seasonal rivers
In drought-prone southeastern Kenya, residents are constructing structures along seasonal rivers to harvest water during rainy seasons for use during dry seasonsABC News - World -
Canada Had Designs on Being a Hydro Superpower. Now Its Rivers and Lakes Are Drying Up.
About 70% of the country is suffering from abnormally dry or drought conditions, forcing it to start up power plants fueled by gas or coal to meet mushrooming demand.The Wall Street Journal - World -
BYD Net Profit Rises as It Overtakes Tesla as Top EV Seller
BYD sold more than 526,000 fully electric vehicles in the fourth quarter, topping Tesla for the first time as the world’s largest seller of EVs on a quarterly basis.The Wall Street Journal - World -
BYD Net Profit Rises as It Overtakes Tesla as Top EV Seller
BYD sold more than 526,000 fully electric vehicles in the fourth quarter, topping Tesla for the first time as the world’s largest seller of EVs on a quarterly basis.The Wall Street Journal - Business -
The unstoppable rise of Fortnox: Swedish software group attracts short sellers
Analysts question how much further $4.6bn niche business can expandFinancial Times - Business -
TikTok Talks With FTC Near End as Chinese Sellers Complain About Crackdown
Recent developments in the social media platform's saga show no clear indication of how it will be resolved, but users are feeling the effects.Inc. - Business - Tiktok -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
Mortgage applications are down. Here's why buyers may want to act now.
Fewer mortgage applications suggest that buyer demand is waning. Here's why that could benefit you now.CBS News - Top stories -
Mortgage rates fall, providing some relief to home buyers
The U.S. 30-year mortgage rate is averaging at 6.79% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business - Mortgage -
First-Time Home Buyers in the U.S. Need to Earn More for Starter Homes
Home buyers must earn $75,849 annually to afford the typical U.S. starter home as of February, up 8.2%, or $5,767, from a year earlier, Redfin says.The Wall Street Journal - World -
My wife and I owe $450,000 on a $1.2 million house with a 3.5% mortgage rate. Our payments will soon increase. Should we pay it off or invest in stocks?
“We are in our late 60s, in good health and we have a second home worth $900,000 that is fully paid for.”MarketWatch - Business -
Man Charged in Manhattan Subway Shoving Had History of Mental Illness, Family Says
The man appeared to have a history of arrests and had been hospitalized at least twice for mental health treatment, according to officials and family.The New York Times - Top stories -
Dry conditions that have affected energy output worldwide are forcing Canada's Hydro-Québec, one of the biggest of hydropower producers, to cut exports.
Dry conditions that have affected energy output worldwide are forcing Canada’s Hydro-Québec, one of the biggest of hydropower producers, to cut exports.The Wall Street Journal - World -
ESG Roundup: Market Talk
Gain insight on Repsol, Match Group, and more in the latest Market Talks covering ESG Impact Investing.The Wall Street Journal - World -
The world’s broken market for medicines
Record shortages of common drugs have countries scrambling for alternatives while patients skip treatmentsFinancial Times - Business -
H&M shares surge after fast-fashion seller beats analysts’ expectations
The clothes seller reiterated plans to achieve margins of 10% throughout 2024MarketWatch - Business -
Glen Taylor says the T-wolves are no longer for sale. Lore and A-Rod say it's seller remorse
The ownership transfer of the Minnesota Timberwolves has slammed to a haltABC News - Sports -
Clemson coach stands by NET, Big 12 critique
Clemson men's basketball coach Brad Brownell reiterated his stance that Big 12 teams figured out ways to manipulate their metrics to help garner more bids to the tournament.ESPN - Sports - College Football -
The New NFL Rule That Players Can't Stand
The league has outlawed a technique called the hip-drop tackle in an effort to promote player safety. But those same players are against the ban.The Wall Street Journal - World - NFL -
School takes a stand to stop teen toilet vaping
The Royal High School in Edinburgh is installing "screaming" vape detectors in toilets to tackle the problem.BBC News - Top stories -
Where Trump's New York court cases stand
Former President Donald Trump saw significant developments in two of his New York legal cases on Monday, with a reduction in his bond amount in one case and a rejection of his delay attempt in another. CBS News political correspondent Caitlin ...CBS News - Top stories - New York -
Legal 'Standing' and the Mifepristone Abortion Pill Case
Liberals suddenly find virtue in the consistency of Supreme Court conservative Justices.The Wall Street Journal - World - Abortion