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Search resuls for: ". Homes"


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☆ The Northeast and Midwest will likely be hot with homebuyers this summer. Homes are flying off the shelves in these 8 cities.
  + stars: | 2023-06-28 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +3 min
Homes are selling like hotcakes in several Northeastern and Midwestern cities. In Rochester, New York, homes were on the market less than two weeks on average last month. Still, it provides some insight into what homebuyers are looking for, and where sellers are most likely to close quickly this summer. To compile the list, Realtor.com considered the total number of days the typical home in the 50 cities was on the market. The only two cities that were not in the Northeast or Midwest on this list were San Jose, California, and Virginia Beach, Virginia.
Persons: —, That's, Realtor.com Organizations: Service Locations: Northeastern, Rochester , New York, Midwest, Portland , Maine, Milwaukee , Wisconsin, Jose , California, Virginia Beach , Virginia
☆ 10 Things in Tech: Google abandons smart glasses, lawsuits against real estate agents, and Snowflake CEO denies rumors of stepping down
  + stars: | 2023-06-27 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Moving forward, we'll be bringing you our top tech stories in our flagship newsletter, Insider Today. What do you want to see in Insider Today? The new tech bro is also becoming louder and brasher — they're trying to make being a techie cool. My colleague Grace Kay breaks down the "peak tech bro" persona and dives into its transformation over time. It currently has four main models: Model 3, Model Y, Model S, and Model X.
Persons: I'm, Siu, Alistair Barr, Hallam Bullock, Nathan Rennolds, we'll, Mark Zuckerberg, Jeff Bottari, Bill Gates, Steve Jobs, Larry Page, Jeff, Bezos, Mark, Zuckerberg, —, Elon Musk, Grace Kay, Iris, Snowflake, Frank Slootman, Peek, ROMAN ROMOKHOV, Wagner, Tom Stuker, He's, Hope, Diamond Naga Siu Organizations: It's Tech, Insider, Tech bros, Google, ROMAN, Getty, United Airlines, Digital Summit Denver Locations: Sacramento, Tech, AFP, Asia, Singapore, Colorado, San Diego, Silicon Valley, London
☆ Before and after images show how Russia's invasion has shattered the city of Bakhmut
  + stars: | 2023-05-17 | by ( Grace Eliza Goodwin | Ryan Pickrell | ) www.businessinsider.com   time to read: +2 min
Before and after images show the devastation in Ukraine's city of Bakhmut. The 10-month battle for the eastern city has been the longest and deadliest in the war in Ukraine. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe Ukrainian city of Bakhmut has been all but completely destroyed. New satellite images from Maxar highlight the scale of the destruction caused by the battle for Bakhmut, a city in eastern Ukraine's Donetsk region. The Ukrainian army put up a fierce resistance, but it's unclear if they can hold out against the Russian assault.
☆ Hamptons rental prices fall for the summer as owners contend with oversupply
  + stars: | 2023-05-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. Wall Street bonuses fell 26% last and several of the large Wall Street firms and banks, including Morgan Stanley, Citigroup, Bank of America and Lazard, have announced job cuts. "The Hamptons is tied to Wall Street with an umbilical cord," Desiderio said. "When Wall Street is doing well, we do well. The one bright spot in the rental market, at least for owners, is at the very high end, especially oceanfront.
☆ Microsoft to buy power from nuclear fusion company Helion
  + stars: | 2023-05-10 | by ( Timothy Gardner | ) www.reuters.com   time to read: +3 min
WASHINGTON, May 10 (Reuters) - Private U.S. nuclear fusion company Helion Energy will provide Microsoft (MSFT.O) with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to generate power from fusion, which could one day help the world slash emissions linked to climate change. Helion's plant is expected to be online by 2028 and will target power generation of 50 megawatts or greater after a one-year ramp up period, it said. Polaris, Helion's seventh generation machine, should come online next year and demonstrate electricity generation, using a mix of laser and magnet technologies to achieve fusion, Kirtley said. In 2021, Helion was the first private company to achieve 100 million degrees Celsius and the optimum temperature is about twice that, Kirtley said.
☆ Sudan faces displacement crisis as truce talks yield no progress
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +3 min
[1/5] Sudanese refugees, who fled the violence in their country, wait to receive food supplies from a Turkish aid group (IHH) near the border between Sudan and Chad in Koufroun, Chad May 7, 2023. The violence has accelerated a wave of people fleeing their homes, with the number of people internally displaced inside Sudan more than doubling in a week to more than 700,000 the U.N.'s migration agency said. Meanwhile there has been no outward sign of progress in the talks that have taken place in Saudi Arabia since Saturday despite their limited goal of a ceasefire to allow humanitarian access. "We believe the peaceful solution is the ideal route to handle this crisis," he said, but gave no indication he was ready to make concessions. Turkish President Tayyip Erdogan's office said he had spoken with Burhan on Tuesday and said Ankara was willing to host further talks on a more comprehensive settlement.
☆ 10 Things in Tech: Best side hustles, Tesla Roadsters, and ChatGPT stylist
  + stars: | 2023-05-08 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
After just a few short years of hype, the metaverse is already headed for the graveyard of failed tech ideas. The metaverse, according to Zuckerberg, was supposed to be the next evolution of the internet and our tech lives. But the rise and fall of the metaverse can teach us some important lessons about the tech industry as a whole. All the tech companies citing AI in their layoff announcements. Many major tech companies like Google and IBM even mentioned AI in their layoff announcements.
☆ As summer heat looms, Japan urged to curb impact, emissions
  + stars: | 2023-04-12 | by ( ) www.cnbc.com   time to read: +5 min
Stanislav Kogiku | SOPA Images | Lightrocket | Getty ImagesTemperatures are rising in Japan and summer is coming fast. "The risks from climate change are right before us," said Yasuaki Hijioka, deputy director of the Center for Climate Change Adaptation at the National Institute for Environmental Studies in Tsukuba, northeast of Tokyo. But climate change means communities are often caught off guard because the systems were engineered for the weather conditions of the past. The warming weather can also hold more moisture, adding flooding and landslides to the summer forecast, something that Japan has also seen with growing frequency. "We need to view climate change as a natural disaster."
☆ A hidden time bomb? A 'Big Short' investor sees financial disaster brewing in housing markets
  + stars: | 2023-04-06 | by ( Sam Meredith | ) www.cnbc.com   time to read: +7 min
Josh Edelson | Afp | Getty ImagesMore than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a "Big Short" investor once again sees financial disaster brewing in the real estate market. Now, Burt believes an overlooked climate risk could see history repeating itself. U.S. housing market overvalued? watch now"The biggest reason why it matters from our perspective is that climate risk isn't being priced into the housing market," Jeremy Porter, head of climate implications at First Street Foundation, told CNBC. 'A humanitarian crisis'Far from a domestic issue, Burt stressed the climate risks associated with the U.S. housing market posed a major problem for countries worldwide.
☆ Morgan Stanley says this solar stock can more than double, but it may be a bumpy ride
  + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Analyst Andrew Percoco initiated coverage of the stock at overweight with a price target of $35. Sunnova was the third-largest residential rooftop solar installer in the U.S. behind Sunrun and SunPower . Percoco said the market will likely continue growing in coming years given that only 4% of U.S. homes have a solar rooftop. Meanwhile, he said Sunnova's high-margin, third-party service agreements for rooftop solar assets can help EBITDA grow faster than expected. NOVA YTD mountain Sunnova stock chart — CNBC's Michael Bloom contributed to this report.
☆ This city is the No. 1 place to buy a home if you want it to increase in value — and it's not in California or New York
  + stars: | 2023-04-02 | by ( Mike Winters | ) www.cnbc.com   time to read: 1 min
In most places, the value of U.S. homes has grown steadily over the last few decades. Out of the 400 cities ranked by average home price growth since 1998, Austin takes the top spot, according to a recent SmartAsset study. Across all metro areas, home values increased an average of 154% from the first quarter of 1998 through the fourth quarter of 2022. It is one of only eight cities where home values increased by 300% or more in that time. The rest of the top 15 markets ranked by price growth are mostly large coastal cities in California and Florida.
☆ Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years
  + stars: | 2023-03-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
But the housing market currently doesn't price that climate risk into home values. The mortgage giant's chief climate officer, Tim Judge, says mortgage underwriting does not currently account for climate risk. To help, Judge is hiring climate risk modeling firms, such as First Street Foundation and Jupiter Intelligence, as well as others, to figure out just how to factor climate risk into home values and mortgage underwriting. First Street, for example, looks at climate risk from floods, fire and wind, and brings it down to an individual property level. But Fannie Mae is not yet rejecting any mortgages based solely on climate risk.
☆ 84% of recent first-time home sellers have regrets. Here are 4 mistakes to avoid
  + stars: | 2023-03-15 | by ( Lorie Konish | ) www.cnbc.com   time to read: +3 min
Brandon Bell | Getty Imageswatch now"Even in a really strong seller's market, people still have regrets," said Amanda Pendleton, Zillow home trends expert. Here are four regrets from recent sellers that homeowners ought to be aware of before listing their homes this spring. "If you price it competitively, you're going to be able to sell it a lot quicker," Jenkin said. Homes that get more saves and views on Zillow have virtual, three-dimensional home tours and interactive floor plans, Pendleton said. Bad timingA quarter of recent sellers felt they got their timing wrong, Zillow found.
☆ North of Bakhmut, another key battle tests Ukraine's defences
  + stars: | 2023-03-15 | by ( Mike Collett-White | ) www.reuters.com   time to read: +9 min
At the bottom of the attempted encirclement appears to be Soledar, meaning an area far larger than Bakhmut would be vulnerable. "The enemy would need a lot of forces to take this line (Sloviansk-Kramatorsk-Kostiantynivka) and therefore I think it is unlikely, given the losses the Russian troops are already suffering," he added. Russia has made only incremental gains around Bakhmut, which it has been trying to capture for eight months, and further north. He said he took part in both wars in the 1990s between Russian troops and separatists after the breakup of the Soviet Union. For now, artillery appears to hold the key to defending positions and pinning down the enemy for both sides.
☆ The market is facing new headwinds with the collapse of SVB — but there is a silver lining
  + stars: | 2023-03-14 | by ( Zev Fima | ) www.cnbc.com   time to read: +5 min
That's still well above the Fed's inflation target of roughly 2%, but indicates a continued easing of rising prices. Morgan Stanley in a research note Tuesday highlighted that home prices declined for six consecutive months, as of Dec. 2022, according to the Case-Shiller national home price index. And perhaps even more telling, Morgan Stanley highlighted a 38% decline in mortgage applications in February compared with a year ago. To be clear, the market is expecting the Fed to raise interest rates by 25 basis points at its meeting next week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Homebuyers have a better shot at scoring a house in 10 cities where the number of properties for sale has skyrocketed the most
  + stars: | 2023-03-09 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +2 min
There are more homes for sale than last year in many cities across the country as the market cools. More properties on the market typically means less competition and an easier time scoring home. But a silver lining to the housing cooldown has emerged: homebuyers have more properties to choose from in many cities across the country. It's not because builders have constructed a slew of new homes or that more owners are listing their properties for sale. Realtor.com calculated the US cities where there are significantly more homes on the market than last year.
☆ Asian shares edge higher, dollar rally takes a breather
  + stars: | 2023-02-28 | by ( Ankur Banerjee | ) www.reuters.com   time to read: +3 min
SINGAPORE, Feb 28 (Reuters) - Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the U.S. dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.25% higher but was set to end the month down about 6%. China shares (.SSEC) was up 0.4% while Hong Kong's Hang Seng index (.HSI) was 1% higher but was on track to end its three month winning streak as the China reopening rally loses steam. China shares have also been weighed down by rising geopolitical tension, with U.S.-China relations the dominant uncertainty at the forefront of investor minds. The dollar index , which measures U.S. currency against six other peers, rose 0.048% and was set to snap a four month losing streak.
☆ Wall St gets respite from positive data, dollar pullback
  + stars: | 2023-02-27 | by ( Lawrence Delevingne Amanda Cooper | Lawrence Delevingne | Amanda Cooper | ) www.reuters.com   time to read: +6 min
Amid a confounding mix of economic signals, Wall Street shares edged up on Monday, a sign of potential bargain hunting. U.S. two-year Treasury yields , the most sensitive to shifts in interest-rate expectations, have risen almost 80 bps in that time, while the S&P 500 (.SPX) has lost 6% from Feb. 2's five-month highs. On Monday, the two-year U.S. Treasury yield fell 2 basis points to 4.785%, while 10-year Treasury yields dropped 2.3 basis points to 3.926%. Bruce Kasman, head of economic research at JPMorgan, has added another quarter-point hike to the ECB outlook, taking it to 100 basis points. The dollar has been the main beneficiary of the shift in expectations for Fed rates.
☆ The US housing market has lost $2.3 trillion in value from its peak as home prices tumble
  + stars: | 2023-02-22 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
US homes lost 4.9% of their value from a 2022 peak, equating to $2.3 trillion, according to a report from Redfin. The overall value of homes stood at the $45.3 trillion at the end of 2022. "The housing market has shed some of its value, but most homeowners will still reap big rewards from the pandemic housing boom," Redfin Economics Research Lead Chen Zhao said in a statement. On Tuesday, the National Association of Realtors said the US housing market could be close to bottoming out, as existing home sales hit the lowest level since 2010. Meanwhile, other market commentators have warned the US housing market is on the verge of a crash akin 2008.
☆ Disasters lower outlook for New Zealand interest rate rise
  + stars: | 2023-02-20 | by ( Lucy Craymer | ) www.reuters.com   time to read: +3 min
Then on Feb. 12 to 15 a cyclone hit the North Island, which includes Auckland. When Cyclone Gabrielle hit, picking had just begun on pip-fruit farms, whose production is worth about NZ$1 billion a year. That would normally be a reason for a central bank to lift interest rates further, but some economists expect the RBNZ to look past the sudden rise as being temporary. Still, Kiwibank chief economist Jarrod Kerr said the central bank should pause hikes until the effect of the cyclone can be understood. After the Christchurch earthquake, the central bank cut its policy rate due to concerns about the economy.
☆ A year after Russia’s invasion: How Ukraine endured
  + stars: | 2023-02-20 | by ( ) www.reuters.com   time to read: +21 min
REUTERS/Valentyn OgirenkoIn the early hours of Feb. 24, 2022, tens of thousands of Russian soldiers entered Ukraine. By seizing the city of three million people, and capturing or killing Zelenskiy, Russia’s hope appeared to be that Ukraine would quickly surrender. By March 23, Russia’s advance had captured regions of Ukraine along the Belarus border but Ukraine’s forces had begun reclaiming territory near Kyiv. Satellite imagery of Russia’s military convoy near Invankiv, Ukraine, Feb. 28, 2022. The two sit on a bed, with a radio and teddy bears nearby., image Ukrainian civilians have endured The will of the people of Ukraine continues to be that they remain free.
☆ NBC Sports hopes to make an aggressive bid to bring back the NBA, sources say
  + stars: | 2023-02-13 | by ( Alex Sherman | ) www.cnbc.com   time to read: +7 min
Discovery own the NBA rights until the end of the 2024-2025 season — more than two more years from now. Warner Bros. Warner Bros. NBC aired its last NBA games during the 2002 finals, when the Los Angeles Lakers swept the New Jersey Nets. Regular season NBA games across ABC, ESPN and TNT are averaging 1.6 million viewers this season.
☆ America's biggest wealth manager told us 4 simple steps young people can start taking to hit their financial goals — and explains why they shouldn't panic about failing right now
  + stars: | 2023-02-03 | by ( Marley Jay | ) www.businessinsider.com   time to read: +4 min
He told Insider how students and young workers today can set themselves up for financial freedom. He says that aside from a difficult housing market, young people have a great financial setup. A lot has been made about the financial difficulties younger people are facing right now. Here are the 4 steps that he says young people should do right now to set themselves up for financial success in the future. "Take the rest and save it, because when you're young that investing makes a big difference."
☆ The 10 best cities to buy a home in 2023 are all in the South
  + stars: | 2023-01-22 | by ( Mike Winters | ) www.cnbc.com   time to read: +5 min
The median price of homes in some of these markets isn't cheaper than the national median of $398,500. However, these cities scored high on other metrics such as job growth or housing supply. Here are the 10 best places to buy a home in 2023, according to NAR:1. However, this fast-growing market has strong migration gains and job growth that is nearly twice the national average. Just under 30% of renters can afford a typical home with a 10% down payment, which is almost twice the national average.
☆ Homebuilder sentiment rises in January for the first time in a year, thanks to lower mortgage rates
  + stars: | 2023-01-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Sales of new U.S. homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand. Builder sentiment in the single-family housing market posted an unexpected gain in January, rising for the first time in 12 straight months. Sentiment rose four points to 35 on the National Association of Home Builders/Wells Fargo Housing Market Index. Both builders and consumers are likely responding to the recent drop in mortgage rates. "In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability."
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