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Mortgage rates dropped a lot over the last few months in response to what appeared to be cooling in the labor market. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. You can calculate this by dividing your closing costs by the amount you're saving on your monthly mortgage payment. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.
Persons: they've, Freddie Mac Organizations: Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed Locations: U.S, Chevron
Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.
Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China
Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024, in Hong Kong. Hong Kong chief executive John Lee announced moves aimed at addressing the city's housing affordability crisis, calling it "an issue of great public concern" in an annual policy address on Wednesday. Under the plan, the Hong Kong Housing Authority will allocate an extra ballot number to applicants aged below 40 — a move that will increase their chances of being selected for the city's subsidized Home Ownership Scheme flats. He also said the government expects to complete about 9,500 new public housing units next year, moving toward a goal of completing about 30,000 units by 2027-2028. The current wait time for a public housing unit in Hong Kong is 5.5 years.
Persons: John Lee Ka, chiu, John Lee, Hong Kongers, Lee Organizations: Legislative, Hong, Hong Kong Housing Authority Locations: Hong Kong, Hong Kong . Hong Kong
Death rates have surpassed birth rates in Japan, contributing to abandoned properties. "Like to create something really, really good that you're very proud of — it just makes me very happy." The property still had belongings of its previous residents, a common occurrence among abandoned properties in Japan. Courtesy of Anton Wormann. Courtesy of Anton Wormann
Persons: Anton Wormann, Anton Wormann Anton Wormann, Wormann, , Japan's, Tokyo akiya, Anton Wormann's akiya Organizations: CNBC, Tokyo, Wormann Locations: Japan, Sweden, Paris, London, Milan, New York, Tokyo
Mortgage interest rates rose last week for the third straight week, hitting the highest level since August. Total mortgage application volume fell 17% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Refinance demand, which is most sensitive to weekly rate moves, fell the hardest, down 26% week-to-week. Applications for a mortgage to purchase a home fell 7% for the week but were 7% higher than the same week one year ago. The recent rise in mortgage rates may have slowed the resurgence in refinancing, but homebuyers may be less concerned about interest rates today and more concerned about the shape of the economy in the coming months.
Persons: Joel Kan Organizations: Mortgage
It's been a year since New York City began enforcing its near-ban on short-term rentals, including Airbnbs. While the number of short-term rentals has plummeted, the effect on the housing market is unclear. AdvertisementNew York City's ban on most short-term rentals was supposed to make housing cheaper in the city. In September 2023, NYC began enforcing new regulations — known as Local Law 18 or LL18 — that severely restricted short-term rentals. With so many Airbnbs out of the short-term rental picture, they've been able to charge more.
Persons: It's, Airbnb, , it's, Ben Kallos, LL18, they've, Sean Hennessey, Jonathan M, that's, they're, Paul, who's, Paul —, Theo Yedinsky, Yedinsky, Eric Adams Organizations: New, Service, New York Times, New York, Tisch Center of Hospitality, Facebook, Business, York City Locations: New York City, York, New, Astoria, Queens, San Diego, Mission Beach
Since our housing costs are basically zero, we love this lifestyle and have no plans to stop. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHousesitting also lets us travel while working remotely, allowing us to find a home on the road and save money on housing. I got an in-office job, rented a house, and started looking at visa options for my husband to stay. Many people don't understand how we live and were perplexed when we gave up a more stable choice for life on the road.
Persons: , I've, Housesitting, It's, We've, COVID Organizations: Service, Facebook, Sheffield Locations: South Korea, Poland, England, France, Swiss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCIO: Hold tactical allocation in Chinese stocks until housing market stabilizesStefan Hofer from LGT Bank Asia says resolving the supply glut in the Chinese housing market is a key signal for investors to be structurally long Chinese stocks.
Persons: Stefan Hofer Organizations: LGT Bank Locations: LGT, LGT Bank Asia
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. 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.
Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, , Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City
Pretty much since they arrived, Mr. Muir and his family have been trying and failing to find a single-family house for no more than $500,000. “I’m like, ‘Wow, I thought this would be a more affordable place to live,’” said Mr. Muir, who is 44 and works in financial services. They disagree, however, about whether Ms. Harris’s plan would actually do that. (Economists also agree that former President Donald J. Trump’s housing plan, which aims to free up housing by deporting immigrants, would probably make the housing crisis worse by devastating the construction work force). Ms. Harris’s main challenge will be convincing them to build.
Persons: Luke Muir, Muir, ’ ”, “ It’s, Kamala Harris, Harris’s, Donald J, Mark Zandi, Harris, , Ed Pinto, playbook, Jason Morris, Withey Morris Baugh, Ms, , Mr Organizations: American Enterprise Institute, Arizona Legislature Locations: Phoenix, Louisiana, San Diego, Maricopa County, California, Arizona
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Asia-Pacific markets opened lower Wednesday, with Japan's Nikkei leading losses, following declines on Wall Street. New Zealand reported that its consumer prices index for the third quarter rose 2.2% year on year, in line with economists' expectations in a Reuters poll. It climbed 0.6% on quarter, slightly lower than the anticipated 0.7%. South Korea's seasonally-adjusted unemployment rate came in at 2.5% in September, compared to 2.4% in August.
Organizations: Japan's Nikkei, State, Traders, New Zealand Locations: Beijing, China, Asia, Pacific, New, South
Jorge Argota, 35, runs his own digital marketing agency in Miami and made about $120,000 last year. For me, renting an apartment in Miami is more affordable than buying a nice house with a $3,000 or $4,000 mortgage. Argota and his brother pay $2,300 a month for a two-bedroom in this Miami apartment complex. I've also had many friends who have had to move further north in Florida because it's impossible for them to pay rent or buy a home in Miami. So, if I can't buy a house in Miami, I might consider moving to another state.
Persons: Jorge Argota, Argota, , Zillow, We've, Jorge Argota Little, dominos, I've Organizations: Service, Miami Locations: Miami, Florida, COVID, New York , California, Texas, Little Havana, Jorge Argota Little Havana, Cuban
Including Detroit, Trump this year has pointedly attacked the most populous cities in three battleground states crucial to winning the White House: Michigan, Pennsylvania and Wisconsin. Trump’s attacks risk offending swing voters who don’t share his dark view of their big cities, as well as Black voters his campaign is trying to sway in what’s expected to be a close election won on the margins. Thank you, sir, for saying it.’ They want help.”“These cities,” Trump added, “it’s like living in hell.”It’s not only large cities that Trump likes to vilify. A Republican close to Trump’s campaign argued that his attacks on cities aren’t insults but are, rather, a pledge to solve problems that most people who live in those regions recognize. Courting the Black voteMichigan was the site of Trump’s memorable 2016 call for Black voters to support his candidacy.
Persons: Donald Trump, Kamala Harris, Trump, “ You’re, Trump’s, Harris, don’t, , Dennis Lennox, Michiganders, Gretchen Whitmer, , Tim Walz, Brian Hughes, ” Hughes, Brad Todd, Todd, Reagan, ” Todd, “ It’s, ” Andrew Hitt, Hitt, ” Hitt, Nancy Pelosi, ’ Trump, John Lewis, Elijah Cummings, ” Trump, It’s, Aurora —, Mike Coffman, wasn’t, Victoria LaCivita, Trump “, Joe Biden’s, Barack Obama Organizations: Detroit, Democratic, Trump, White House :, Philadelphia, Republican National Convention, GOP, ” Michigan, , ” Minnesota Gov, Republican, Wisconsin Republican Party, Conservative, Chicago —, Bloomberg, Fox News, Detroit Pistons, Wings, Tigers, Michigan, Black, Milwaukee, NBC News Locations: Detroit, White House : Michigan, Pennsylvania, Wisconsin, Milwaukee, Philadelphia, Michigan, ” Minnesota, Warren, Harris, , , Macomb County, Afghanistan, New York, Florida, San Francisco, Atlanta, D, Baltimore, Oakland, Springfield , Ohio, Aurora , Colorado, Aurora, Venezuelan, Springfield, Dimondale
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Smart Investor: China's property market crisis 'very overwhelming'David Kuo from The Smart Investor discusses the latest stimulus measures announced by the MOF and emphasizes the need for the Chinese government to address the current housing market crisis.
Persons: David Kuo Organizations: Smart Investor
CNN —Kamala Harris is responding to Democratic panic about her White House prospects by turning up the heat on Donald Trump. The vice president warned Monday that the ex-president was “unstable,” “unhinged” and out for “unchecked power” as she sent a jolt of urgency though her campaign with 21 days to go. Democratic vice presidential nominee Tim Walz, meanwhile, went even further, suggesting the ex-president’s musings about using the military against domestic foes he branded “the enemy from within” could even amount to treason. An image of former President Donald Trump appears on screen as Vice President Kamala Harris speaks during a campaign rally in Erie, Pennsylvania, on October 14, 2024. Trump sought to make inroads with young men who are often low-propensity voters but who could add to his coalition.
Persons: CNN — Kamala Harris, Donald Trump, , ” Harris, Tim Walz, meanwhile, Harris, Joe Biden, Trump, Spencer Platt, Pennsylvania Harris, it’s, She’s, Kamala Harris, Jacquelyn Martin, , “ Donald Trump, Walz, Staff Mark Milley, Bob Woodward’s, ” Walz, JD Vance, , Barack Obama, Roland Martin, I’ve, won’t, Doug Emhoff, “ It’s, Evelyn Hockstein, Biden, Kristi Noem, authoritatively, Joe Rogan’s Organizations: CNN, , Democratic, Republican, Fox News, White, Biden, Trump, National Guard, Army National Guard, Joint Chiefs, Staff, South Dakota Gov, Black, YouTube, UFC Locations: Pennsylvania, , Arizona, Oaks , Pennsylvania, Erie , Pennsylvania, Erie, Pennsylvania …, Minnesota, Ohio, Minneapolis, Erie County, Trump, Oaks, Philadelphia
That's because the annual cost of living can vary by over $71,000 between U.S. states, according to a recent GOBankingRates analysis. Hawaii has the highest average retirement expenses, with an estimated $129,296 a year needed to retire comfortably. In states where housing is in short supply — like Hawaii, California, Massachusetts — the annual cost of retirement exceeds six figures. That said, there are 20 states where you can still retire on or under $65,000. Below is a list of states where annual retirement expenses are $65,000 or less, in alphabetical order.
Persons: you'll Organizations: Labor Statistics Locations: Hawaii, West Virginia, Hawaii , California , Massachusetts
Vice President Kamala Harris proposed an initiative to expand healthcare in rural communities. It includes recruiting 10,000 more healthcare workers to rural areas and expanding their student-debt relief options. Trump held the lead over rural voters in 2020, gearing up for a fight this election cycle. According to her campaign, Harris plans to recruit 10,000 healthcare professionals to work in rural and tribal areas. Advertisement"They both understand that rural voters are the foundation of our country, and they want rural voters to know that they have a home in their campaign - that is fundamentally about patriotism, freedom and opportunity," Hildreth said.
Persons: Kamala Harris, Trump, , Harris, it's, Matthew Hildreth, Walz, Hildreth, Donald Trump, — Harris, Tim Walz, Anna Kelly, Kelly Organizations: Service, Public, U.S . Department of Health, Human Services, HHS, Research, General Internal Medicine, Bureau of Labor Statistics, Trump, Republican National Committee Locations: USA
As mortgage rates stagnate around 6%, prospective homebuyers are feeling nostalgic for the 3% interest rates of 2020 and 2021. Google search results for the term "assumable mortgage" spiked in May, following a steady upward trend starting in 2022. Mortgage assumptions allow buyers to take over an existing mortgage at its current rate, possibly securing mortgage rates as low as 2% or 3% depending on when the original mortgage was taken out. Mortgage assumptions were a popular way to buy a house in the 1970s and 1980s but have largely fallen out of public consciousness. Watch the video above to learn more about assumable mortgages, how they work, and why they can come with their own set of hurdles.
Persons: Germain, Raunaq Singh, that's Organizations: Google, Veterans Affairs, Federal Housing Administration, United States Department, FHA Locations: St, U.S
AdvertisementAfter years of rapidly skyrocketing home values, falling prices might sound like a breath of fresh air to those looking to buy a home. Home price declines can lead to a surge in underwater mortgages, or when the amount owed on a home loan exceeds the home's value. ATTOM defines a seriously underwater mortgage as a home with a loan-to-value ratio of 125% or above. Homeowners with underwater mortgages can get relief if the housing market stabilizes and their home values increase. Below are the top ten states with the largest proportion of seriously underwater mortgages in the second quarter of 2024.
Persons: that's, , Rob Barber Organizations: Service, Homeowners Locations: Louisiana , Oklahoma, Kentucky
The best way to determine how much house you can afford is by working backward from your current budget. Current mortgage rates: The lower your mortgage rate, the more house you can afford. Where you live can impact home affordabilityHow much house you can afford depends a lot on where you live. How much house can I afford FAQsWhat percentage of my income should I spend on a house? The more debt you have, the less house you'll be able to afford.
Persons: You'll, Brian Walsh, Walsh, you'll, Freddie Mac, that's, it's, homebuyers Organizations: Business, CFP, . Census Bureau, National Association of Insurance, Consulting, homeownership, DTI, Chevron Locations: West Virginia, U.S, Washington, Alabama, New Jersey, Chevron
The Panda Factories
  + stars: | 2024-10-15 | by ( Mara Hvistendahl | Joy Dong | ) www.nytimes.com   time to read: +30 min
They show that, from the beginning, zoos saw panda cubs as a pathway to visitors, prestige and merchandise sales. Panda keepers with cubs at the Chengdu Research Base of Giant Panda Breeding, in China, in 2022. A Chinese giant panda at the Panda Park in Al Khor, in Qatar, in 2022. Smithsonian Institution Archives A panda wakes up from anesthesia in March 1999 during a seminal study by American and Chinese researchers into panda breeding. Smithsonian Institution Archives Giant panda Mei Xiang taken out of the China Conservation and Research Center for the Giant Panda in Wolong, Sichuan Province, in 2000, for shipment to the National Zoo in Washington.
Persons: Ariana Drehsler, Kati Loeffler, , , Loeffler, Kimberly Terrell, , Terrell, Soraya, Xin Bao, zookeepers, Richard M, Nixon, Pat Nixon, Annalisa Meyer, Melissa Songer, Heather Bacon, Bacon, Don Kohlbauer, JoGayle Howard, Darting, Howard, Ping Ping, Thomas Hildebrandt, Dr, Hildebrandt, Lei Lei, Meyer, Lung Yuan Chih, Lung, James Ayala, . Hildebrandt, Ayala, interjected, Mei Xiang, Ken Cedeno, Tian Tian, Xiang, David Wildt, Mei, Mei Xiang vomited, Qi Ji, Agnes Bun, scrawled, Pierre Comizzoli, Mads Frost Bertelsen, Meng Lan, Su Weizhong Organizations: Zoo Washington, Factories, Chengdu Research Base, Archives San Diego Zoo, The New York Times Chengdu Research Base, China, National Zoo, New York Times, Smithsonian Institution, Times, Pandas, Agence France, Memphis Zoo, Tulane University, Smithsonian, San Diego Zoo, The New York, Smithsonian . Pandas, Zoo, Associated Press, University of Central, Bear Care Group, China Conservation and Research Center, San Diego Union Tribune, Feature, Future Publishing, Getty, U.S . Fish, Wildlife Service, , Leibniz Institute for Zoo, Wildlife Research, National Zoo Washington, Institution Archives Chengdu Research Base, Breed, The New York Times, Beijing Zoo, Tsinghua University, Animal Studies, Visitors, New York Times China Conservation and Research Center, Smithsonian National, Associated, Smithsonian’s, and Wildlife Service, National, Fujifilm, Smithsonian Institution Archives, Reuters, Smithsonian Channel, , Copenhagen Zoo Locations: China, Chengdu, Sichuan, Archives San Diego Zoo California, Washington, Louisiana, Japan, San Diego, San Francisco, Indonesia, Qatar, Al Khor, University of Central Lancashire, England, U.S, San, Fuzhou, United States, Feature China, Sichuan Province, Beijing, Berlin ., Wolong, Taiwan, American, estrus, New York Times China, Europe, Washington ,, Washington , DC, Beijing Zoo Beijing
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementGrant figured that if she continued investing most of her income in index funds, she could retire by 40. "There are going to be expensive seasons and not-so-expensive seasons." Grant (right) says one of her main goals is building community among individuals pursuing FIRE.
Persons: Grant, She's, , Amberly Grant, I've, I'm, she's, it's, it'll Organizations: FIRE, Service, Mr, Facebook Locations: Vegas, Colorado
Home prices have soared in the last decade, so buyers get less for their money than they once did. Here are 18 markets with reasonably priced homes that are set for strong price growth. In fact, in some of the nation's competitive markets, $1 million is nothing more than the price of admission to home ownership. Below are 18 cities with homes that cost $633,150 or less in Q2 that are set to be million-dollar markets by the end of 2035, sorted by which will reach the $1 million threshold the fastest. Along with each reasonably priced real-estate market is its median home price and projections for the years ahead, as well as the home price growth rate from 2014 to 2024 that it's based on.
Persons: , Zoocasa's Mackenzie Scibetta, Scibetta Organizations: Service, National Association of Realtors, Golden State, Business Locations: California, Los Angeles, San Francisco, Golden, San Jose, San Francisco's Bay
Vice President Kamala Harris’ campaign laid out what it sees as her path to victory in Pennsylvania in a memo shared exclusively with NBC News ahead of Monday night’s rally in bellwether Erie County. “The Harris campaign’s path to win Pennsylvania capitalizes on Trump’s unprecedented weakness in the suburbs,” the memo, which also highlighted the campaign’s focus on Haley voters, reads. “They can point to the suburbs, but they’re losing ground in places like Philadelphia,” a Trump campaign official said. Kush Desai, the Trump campaign’s Pennsylvania spokesperson, highlighted Obama’s visit as a sign the Harris team was scrambling. Speaking with NBC News, Pennsylvania state Sen. Vincent Hughes said he could “understand the frustration” Obama expressed.
Persons: Kamala Harris ’, Harris, Joe Biden’s, Nikki Haley, Donald Trump, , Haley, Trump, Brendan McPhillips, Tim Walz, Hillary Clinton, McPhillips, , Biden, Elon, It’s, We’ve, Barack, Obama, They’ve, Kush Desai, isn’t, ” Desai, ” Obama, Sen, Vincent Hughes, Let’s, Donald Trump’s, He’s, ” Hughes, it’s Organizations: NBC, Democratic, Pennsylvania, Trump, Philadelphia Inquirer, New York Times, Siena College, Marist College, Biden, Quinnipiac University, Times, Street, Minnesota Gov, America PAC, Trump campaign’s, Black, undecideds, NBC News Locations: Pennsylvania, bellwether Erie County, Siena, reddest, Harris ’ Pennsylvania, Johnstown, Lancaster, Rochester, Philadelphia, Bucks, Luzerne, Beaver, Trump, Pittsburgh
A group of protesters staged at a sit-in outside the New York Stock Exchange on Monday morning amid Israeli attacks in Gaza. A number of arrests were made, the spokesperson said, but an exact figure could not immediately be obtained. "As Gaza is bombed, Wall Street booms," Jewish Voices for Peace said in a post on X. The Israeli conflict last week passed the first anniversary of the deadly Oct. 7 attacks by Hamas militants. Early Monday, a fire broke out in an encampment housing displaced civilians following Israeli attacks in the courtyard of Al-Aqsa Martyrs Hospital in central Gaza.
Persons: Peace, Benjamin Netanyahu, mulling Organizations: New York Stock Exchange, Jewish, for, New York Police, NYSE, NBC, ., FEMA, Aqsa Martyrs Hospital, Associated Press Locations: Gaza, Jewish, Broad, U.S, Al, Aqsa
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