DIRS.INFO The most relevant business & tech news

☆ Morning Bid: Growth trumps rates
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +6 min

While there were some questions about seasonal adjustments in the data, economists were impressed that sales growth was pretty broad based and have scrambled to re-crunch first quarter U.S. output forecasts as a result. There may be a more mixed picture from Thursday's data slate on producer prices, housing starts and weekly jobless claims. Even though rates futures and Treasury yields ticked back a bit today, pricing now has Fed policy rates moving as high as 5.25% and staying above 5% all year. And while full-year earnings growth estimates for S&P500 companies have sunk to zero, consensus forecasts are now pencilling in a rebound of almost 12% next year. Uncertainty about the pace of growth and annual tax receipts in April makes it difficult for government officials to predict the exact "X-date", it said.

☆ Actor Jim Carrey has owned this enormous Los Angeles residence for nearly 30 years — and now it can be yours for almost $29 million. Take a look around.
▼ + stars: | 2023-02-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: 1 min

It's located in Brentwood, Los Angeles, where a six-bedroom property sold for more than $14 million this month, according to Zillow. Daniel Dahler for Sotheby’s International RealtyA six-bedroom, 13-bathroom property in Brentwood sold for $14.5 million in February, Zillow data shows.

☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ How 6 workers are using ChatGPT to make their jobs easier
▼ + stars: | 2023-02-11 | by ( Madison Hoff | Jacob Zinkula | ) www.businessinsider.com time to read: +11 min

"It's absolutely true that AI applications like ChatGPT can very much improve workers' lives," Mark Muro, a senior fellow at the Brookings Institution previously told Insider. But if used correctly, ChatGPT can help some workers with tasks and save them time while doing so. Insider spoke with six workers in sectors that include education and real estate who are using ChatGPT to make their jobs easier. A realtor with eXp Realty also used ChatGPT for a listing in Iowa that was highlighted in a CNN post. Now two months later, LaRue told Insider she uses ChatGPT "everyday" to help write proposals, video scripts, and press releases.

☆ Here’s Why You Should Consider Getting an Inspection Before Selling Your Home
▼ + stars: | 2023-02-10 | by ( Emily Nonko | Illustrations Carlo Cadenas | ) www.wsj.com time to read: 1 min

“A broker can discuss the severity of the problem and how it could impact the asking price,” says Bill Gassett, a RE/MAX Executive Realty agent based in Massachusetts. They can also advise on how to disclose certain “material defects.” In many states, you’ll be held liable if you’re not upfront with the buyer.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

☆ Here's what you can do now to be ready to buy a home this spring
▼ + stars: | 2023-02-09 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

Mortgage rates have been ticking down, yet remain volatile. If you are ready and able to buy a home, the day-to-day movements of rates should matter less than finding a home you can afford. Borrowers can also lower monthly payments by paying more upfront to buy down their mortgage rate. Buyers can then use that money to buy down the interest rate on their mortgage and reduce their payments. Mortgage rates are trending down, but it’s not going to be a perfect downward curve, said Melissa Cohn, regional vice president of William Raveis Mortgage.

☆ Parts of This $16.9 Million Florida Home Were Salvaged From a New York City Church
▼ + stars: | 2023-02-07 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A Gothic Revival-style house built around 2007 in Florida is listing for $16.9 million, according to listing agent Paul Arpin of Premier Sotheby’s International Realty.

☆ Adani Group plans to trim its capital spending plans, Mint reports
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of the Adani Group is seen on the wall of its realty office building on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit DaveFeb 6 (Reuters) - India's Adani Group plans to trim its capital spending plans, newspaper Mint reported on Monday citing people close to the development, days after the conglomerate's flagship firm called off a $2.5 billion share sale. While providing more collateral in the form of stock pledges to lenders, the group may moderate its capex plans in some of its businesses, the newspaper reported. Adani Group did not immediately respond to a Reuters request for comment outside of business hours. The group will use alternative funding channels from internal accruals, promoter equity funding and private placements to fund projects, Mint said.

☆ A $44.95 Million Home Lists in Puerto Rico, as Property Prices There Reach New Heights
▼ + stars: | 2023-02-02 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A home in Puerto Rico is coming on the market for $44.95 million, which would set a record for the U.S. territory, said listing agent Ricardo Rodriguez of Puerto Rico Sotheby’s International Realty.

☆ Sen. Kyrsten Sinema pulls in cash from Wall Street, real estate titans as she mulls reelection bid
▼ + stars: | 2023-02-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Real estate and private equity leaders, who have long helped to fill Sinema's campaign coffers, contributed to a healthy cash haul for the senator in the final months of last year. At the lunch, Sinema discussed the incoming Congress and how the tight margins in both chambers could create gridlock, according to attendees. Sinema's campaign had already seen more than $2 million from the securities and investment industry since the 2018 election cycle. The Sinema campaign saw dozens of contributions totaling over $145,000 from people who work at Apollo Global Management, another giant private equity firm, since October. Suzanne Clark, CEO of the massive pro-business lobbying group U.S. Chamber of Commerce, also donated $1,000 to Sinema's campaign on Dec. 31, the new FEC filing shows.

☆ That real estate listing you just saw for your dream house may have been written by ChatGPT
▼ + stars: | 2023-01-29 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

The house is just one of the listings put up by Iowa realtor JJ Johannes using help from AI, CNN reported. "It saved me so much time," Johannes told CNN. "ChatGPT wrote it as a legal issue and all of a sudden, the developer showed up at her house," he told CNN. Even if ChatGPT, now free for users, becomes a paid service, Asion told CNN the price tag would be no question. "I would easily pay $100 or $200 a year for something like this," he told CNN.

☆ Real estate agents say they can’t imagine working without ChatGPT now
▼ + stars: | 2023-01-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

This made it so much easier.”Johannes is among the real estate agents experimenting with ChatGPT since it was released publicly in late November. Miami real estate broker Andres Asion. Serge Reda, a commercial real estate executive and adjunct professor at the Fordham Real Estate Institute, said some use cases for ChatGPT are better than others. While ChatGPT has generated a wave of interest among realtors, incorporating artificial intelligence in the real estate market isn’t entirely new. Although it’s too early to say if the tool will become a mainstay in real estate, realtor Johannes believes AI in general will transform his industry and others.

☆ Morningstar: Buy these 10 cheap, high-quality stocks that pay a healthy dividend to help offset stock market losses and slowing economic growth
▼ + stars: | 2023-01-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +3 min

Dividend stocks may take center stage during rough economic conditions in 2023. Morningstar's Dave Sekera recently listed 10 cheap, high-quality dividend-paying stocks to buy now. As equity valuations slumped into an official bear market last year, high-quality dividend-paying stocks took center stage to rise above their more speculative peers. According to Morningstar chief US market strategist Dave Sekera, it's no coincidence that dividend stocks stole the show in 2022. 10 high-quality dividend payersIn the video, Sekera identified 10 high-quality stocks that are currently trading below their fair values, have high upside potential, and have a "relatively decent or healthy" dividend yield payout.

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Allstate, Roblox and more
▼ + stars: | 2023-01-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

A Norwegian Gateway cruise ship leaves from the Manhattan port during sunset in New York City, United States on April 10, 2022. Vornado Realty Trust — Shares of the real estate investment trust shed 3.3% after cutting its quarterly dividend to 37.5 cents per share from 53 cents. Roblox — Roblox shares shed 6% following a downgrade to an underweight rating by analysts at Morgan Stanley. Alcoa — Shares of the aluminum company fell 4.6% on Thursday after the company announced its fourth quarter results. Alcoa's adjusted fourth quarter loss was 70 cents per share, narrower than the 81 cent loss expected, according to StreetAccount.

☆ Analysis: India's rising home prices, rentals a new inflation threat
▼ + stars: | 2023-01-17 | by ( Siddhi Nayak | ) www.reuters.com time to read: +4 min

Housing rentals and ancillary costs have a 10.07% weightage in India's consumer price inflation basket and are near three-year highs, posing a fresh worry for the central bank that had to contend with rising food prices for most of last year. Urban housing inflation rose to 4.47% year-on-year in December 2022, versus 3.61% in the same period a year ago and 3.21% in December 2020, data from the Ministry of Statistics and Programme Implementation showed. "Core inflation has continued to remain sticky and hence an increase in housing inflation poses a significant risk to the overall inflation outlook," said Aditi Gupta, an economist at Bank of Baroda. While housing prices are not part of the consumer price inflation basket, their effect is captured through construction and raw material prices, and analysts do not expect a slowdown any time soon. Analysts said rising house prices would also feed into higher demand for services like electricity and repairs, ultimately working their way into the overall inflation basket.

☆ These three giant historic mansions were all on the market at the same time in Detroit
▼ + stars: | 2023-01-15 | by ( Konstantina Buhalis | ) www.businessinsider.com time to read: +5 min

The Book, Kresge, and Whitney mansions were on the market until the Book finally sold. The Book, Kresge, and Whitney mansions were on the market for months, with the Book finally selling at the end of 2022. The Book Mansion, sold for $1.2 millionJames Burgess Book Jr. developed the Book Mansion, part of the historic Indian Village neighborhood, in 1911. James Burgess Book Jr. developed the Book Mansion, part of the Indian Village neighborhood, in 1911. The Kresge Mansion has staff quarters and a carriage house with living quarters upstairs.

☆ Arizona Cardinals Owner Gets $5.3 Million for Paradise Valley Home Less Than Two Months After Listing
▼ + stars: | 2023-01-04 | by ( Libertina Brandt | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Arizona Cardinals owner Michael Bidwill has sold his home in Paradise Valley, Ariz., for $5.3 million, less than two months after it hit the market for $5.8 million, said listing agent Joan Levinson of Realty One Group.

☆ 2023 looks good for the market — especially for one 'extremely attractive' asset class: Fund manager
▼ + stars: | 2023-01-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The S & P 500 is currently at around 3,839. Based on the current yield of 3.75%, the S & P 500 is "fairly valued" at 3,800 — implying no upside. 'Conviction themes' in 2023 Hatfield highlighted the "conviction investment themes" he expects to be very attractive in 2023. One asset class he highlighted was preferred stocks, which have the characteristics of both stocks and bonds . "We believe that preferred stocks are extremely attractive now as most are trading at more than a 20% discount to par.

☆ The most honest man in real estate thinks the housing market isn't going to crash
▼ + stars: | 2022-12-31 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +13 min

Here's how Miller, who doesn't think the housing market is going to crash, became a beacon of trust. The call was from a journalist at an international paper asking for Miller's comment on the US housing market for a story. The 62-year-old founder of the real-estate-appraisal and data firm Miller Samuel is probably the most-quoted man in real estate, with some 2,469 news citations, according to the database LexisNexis. Today, Miller Samuel has replaced Scantrons with iPods, iPhones, and a CoreLogic appraisal software called A La Mode. Today, there's much more data than there was when he started Miller Samuel, but also a lot more "crap," Miller said.

☆ 5 things wildly successful real-estate brokers do to get the most out of their days
▼ + stars: | 2022-12-31 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Fellow New York-based Douglas Elliman agent Lisa Simonsen also had a former career in fitness. As such, the agent who sold more than $100 million in 2022 makes sure she works out in her building's gym, usually on a spin bike, every morning. McKenzie RyanFormer Junior Olympian and real-estate wunderkind McKenzie Ryan used to compete on the national level in rhythmic gymnastics. Serhant gets a new SUV every year "just to update it," though he said he makes sure his car and clothes are never nicer than his clients'. The Douglas Elliman agent knows what she has to do to succeed: She was the top-selling agent in Miami in 2021 with $750 million in transactions.

☆ Stocks making the biggest moves midday: Netflix, Cal-Maine Foods, Southwest and more
▼ + stars: | 2022-12-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Cal-Maine Foods — Cal-Maine shares shed 15% after reporting earnings that fell short of Wall Street's expectations even as the egg producer reported record sales. Southwest Airlines — The airline stock rose more than 3%, paring back losses from the previous session when it dropped more than 5%. Severe disruptions at Southwest Airlines have drawn outsized criticism from frustrated travelers, who have dealt with thousands of canceled flights from airlines this week because of winter weather. Southwest Airlines canceled another 60% of its flights on Wednesday. Apple — The iPhone maker's stock rose more than 3% after hitting its lowest level since June 2021 earlier in the week.

☆ They Wanted a Versatile One-Bedroom in Chicago for About $200,000. Which Option Did They Choose?
▼ + stars: | 2022-12-29 | by ( Carisa Crawford Chappell | ) www.nytimes.com time to read: +2 min

After their son was accepted into Columbia College in Chicago last year, Brian McCutcheon and Donna Sink started looking for ways to cut down on expenses and make everyone’s life easier. A campus housing policy had kept Angus McCutcheon, now 19, in a dorm as a freshman, but the couple hoped they could find him a new living arrangement for his sophomore year. Angus was excited to be able to choose his home and wanted to be close to campus, restaurants and shops. “I’m a fan of natural light.”The family connected with Daniel Eirinberg of eXp Realty, who agreed that Printers Row would be ideal. “You’ve got good train access and a bunch of great little cheap and delicious food choices that cater to the college students,” he said.

☆ Stocks making the biggest moves premarket: Tesla, Cal-Maine, Southwest and others
▼ + stars: | 2022-12-29 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Cal-Maine Foods (CALM) – Cal-Maine slid 4.9% in premarket trading after its quarterly earnings came in below Wall Street forecasts. General Electric (GE) – GE spin-off GE HealthCare Technologies will join the S&P 500 when it begins trading as a separate public company on Jan. 4. Vornado will replace logistics company RXO (RXO), which will move to the S&P SmallCap 600. GE HealthCare — trading on a when-issued basis — rose 1% in the premarket, while Vornado was marginally lower and RXO jumped 3.3%. Apple (AAPL) – Apple is up 1% in premarket trading after closing Wednesday at a 1-1/2 year low.

☆ These are the 10 most expensive ZIP codes in the Northeast
▼ + stars: | 2022-12-28 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

The Hamptons dominate the rankings for the most expensive neighborhood in the Northeast, with Sagaponack, New York, taking the top spot. A beachside village that's home to Drew Barrymore and Jimmy Fallon, Sagaponack is second only to Atherton, California for most expensive U.S. ZIP code in 2022, in terms of median value for homes, according to data provided by realty service RealtyHop. The second most expensive Northeast ZIP code is in Boston's Back Bay area. It's a small area for a ZIP code, consisting of only a few blocks of luxury condos next to the Prudential Center. Homes in these ZIP codes are close to $6 million.

Search resuls for: "realty"

25 mentions found