CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs.”I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from General… More
President Joe Biden addresses a joint session of Congress on April 28, 2021.Melina Mara | ReutersPresident Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan.The proposal would tax inherited property gains at death, targeting generational wealth transfers. But financial experts say the measure may… More
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021.Newsday LLC | Newsday | Getty ImagesIn this red-hot real estate market, it’s tough for buyers to land a deal.Supply is low, which is pushing prices higher. The median price of an existing… More
By Craig Upton The UK’s remortgage market performed strongly throughout February, as homeowners continue to seek more competitive deals on their property loans. In addition, figures from the newly published Remortgage Snapshot from LMS suggest that equity release remains a priority for many remortgage customers, looking to raise capital out of the equity tied up […] More
A real estate investor who made a fortune shorting subprime mortgages more than a decade ago told CNBC on Friday he believes the current housing market is in a bubble.”Absolutely. I think we’re in an omni-bubble. How long does it last? It depends. How long do you keep the faucet open and this money running?”… More
After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif.Source: Taryn OrellanaWhen pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move.In October, the couple decided to buy… More
Introduction With the spread of the COVID pandemic, the past year had a significant impact on businesses, and the only way to survive was to adapt. With lockdowns implemented across the country, there was only one solution – working from home. And it saved a lot of business owners from declaring bankruptcy. However, it was […] More
People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.”And the equity in your home can be misleading.”It’s really a form of consumption. You… More
Oxford Street empty of shoppers as the national coronavirus lockdown three continues.Mike Kemp | In Pictures | Getty ImagesLONDON — The International Monetary Fund has raised concerns over commercial property and the risk it could pose to financial stability, as the sector faces a series of challenges on the back of the coronavirus crisis.These include… More
A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS.  “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking their… More
The internet service company known as Angie’s List has rebranded, revamped its website and launched a new app as it looks to further penetrate the home services industry.Under its new name, Angi wants to smooth out the home renovation process by offering consumers a single platform to connect with contractors, book and make payments. The… More
tupungato | iStock | Getty ImagesAm I eligible?To qualify, at least one member in your household has to be eligible for unemployment benefits or attest in writing that they’ve lost income or incurred significant expenses due to the pandemic.You will also need to demonstrate a risk of homelessness, which may include a past due rent… More
LGI Homes Chairman and CEO Eric Lipar told CNBC on Friday he believes housing demand will remain robust even in the face of rising mortgage rates.A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index showed… More
Dan Gilbert, chairman, Quicken LoansAnjali Sundaram | CNBCTuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper.Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per share. According to InsiderScore.com and securities filings, Gilbert… More
CALVERTON, N.Y. – The homebuilding industry is on the edge of a revolution.At least that’s the way Kirk Andersen sees it. He just used 3D-printing technology to build a 900-square-foot model home on Long Island. He is about to build another one, too – the first 3D-printed home in the United States to be marketed… More
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