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☆ New weight loss drugs trending with billionaires and celebrities are about to enter more American homes
▼ + stars: | 2023-01-20 | by ( Barbara Collins | ) www.cnbc.com time to read: +8 min

GLP-1s also have been found to help with weight loss as they make individuals who use them feel fuller for a longer period of time. Using GLP-1s drug injections for weight loss has become one of the latest ways some big names in the market are shedding extra pounds. That's why his company has launched a program to offer GLP-1 drugs and corresponding medical care to individuals struggling with obesity or weight loss issues. Pairing personalized coaching with GLP-1s is the key to effective weight loss treatment, Reitano said, and helping patients maximize their results. A new real-time approach to weight managementReitano said it should not be an either/or scenario involving diabetes management of weight loss and that will change over the next decade.

☆ Amazon, Meta and Google buy more clean energy than any other companies
▼ + stars: | 2023-01-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

Technology companies are leading the charge of companies buying wind and solar power. Amazon , Facebook parent company Meta , and Google, owned by parent company Alphabet , are the top three corporate purchasers of wind and solar energy, according to a report published Wednesday from the American Clean Power Association, an industry group. Amazon had contracted 12.4 gigawatts of clean wind and solar energy in the United States through September 2022, while Meta had contracted 8.7 gigawatts and Google had contracted 6.2 gigawatts, according to the report. These procurement totals are since the first time these companies have announced they were buying wind and solar power last decade. The technology sector is certainly outpacing other industries in buying clean power, but it's been increasing across all industries.

An official with the U.S. Consumer Product Safety Commission is proposing a ban on gas stoves, calling them a "hidden hazard." "Agency staff plans to start gathering data and perspectives from the public on potential hazards associated with gas stoves, and proposed solutions to those hazards later this year," the statement said. An estimated 40 million American homes still rely on gas stoves. "We ask the CPSC to explicitly evaluate the disparate health outcomes that occur from the coupling of gas stoves with the material realities to which the most vulnerable Americans are subjected, as well as evaluate the health impacts of gas leaks due to gas stoves connections," they wrote. “A ban on gas cooking appliances would remove an affordable and preferred technology used in more than 40% of homes across the country," it said.

☆ Fact Check-No evidence Scott Perry made statement in digitally altered image
▼ + stars: | 2022-12-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A fake television graphic circulating on social media contains a statement that Pennsylvania Rep. Scott Perry denies ever having made. The template for the viral image may have come from a June 23 report on WGAL about Perry (here). A side-by-side comparison of the June graphic from WGAL (top) and the viral image shared on social media (bottom) can be seen (imgur.com/a/t7bob2b). The font of the alleged quote shared online is similar, but not identical, to the font in the June WGAL graphic. Read more about our work to fact-check social media posts here .

☆ The share of American homes bought with all cash reached the highest level in 8 years as people wary of high mortgage rates and a looming recession turned to hard real-estate assets instead
▼ + stars: | 2022-12-26 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Higher mortgage rates push people to pay all cash for homes to save on interest, Redfin said. Rising interest rates and persistent inflation increased fears of a recession in 2023. Cleveland saw its share of all-cash offers grow from 32% last year to 42% in October, while Philadelphia's grew from 29% to 37%. Selma Hepp, the interim chief economist at CoreLogic, told Insider in November that mortgage rates could go as low as 5.5% by the end of next year. "For homebuyers, it's good to be aware that you can avoid paying high interest rates by paying in cash," Fairweather said.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

U.S. scientists have achieved “ignition” — a fusion reaction that produced more energy than it took to create — a critical milestone for nuclear fusion and a step forward in the pursuit of a nearly limitless source of clean energy, Energy Department officials said Tuesday. The process imploded a tiny capsule inside the hohlraum that is filled with deuterium and tritium, creating a fusion reaction. Lawrence Livermore National Laboratory"We have taken the first tentative steps toward a clean energy source," said Jill Hruby, the Energy Department's National Nuclear Security Administration. The Inflation Reduction Act provided millions in new funding for fusion projects and the White House this year convened the first fusion summit and developed a 10-year plan to commercialize fusion technology. A technician reviews an optic inside the preamplifier support structure at the Lawrence Livermore National Laboratory in Livermore, Calif., in 2012.

☆ This real estate name could gain 19% as demand grows for single-family home rentals, Goldman Sachs says
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Real-estate investment trust American Homes 4 Rent is well-positioned as single-family home rentals become more in demand, according to Goldman Sachs. These factors all help single-family rentals, Luthra said, as more people get pushed away from buying but still need housing. Though rental prices are coming off pandemic highs, Luthra said American Homes 4 Rent should be able to keep them above pre-pandemic levels. American Homes 4 Rent has increased its number of new homes, moving from around 600 in 2018 to nearly 2,150 in 2022. Comparatively, Luthra said she sees a clearer growth story in American Homes 4 Rent than competitors such as Invitation Homes and Tricon Residential despite both also benefiting from the focus on single-family home rentals.

☆ Here are Thursday's biggest analyst calls: Amazon, Chevron, Chipotle, Lowe's, Hershey, AT&T & more
▼ + stars: | 2022-12-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wall Street's biggest calls on Thursday: Bank of America reiterates Chevron as buy Bank of America said it's standing by its buy rating on the oil and gas giant after it announced its 2023 capital budget on Wednesday. JPMorgan upgrades Vulcan Materials to overweight from neutral JPMorgan said risks for the construction materials company are already priced in. UBS initiates Shopify as sell UBS said it's concerned about increasing competition. UBS upgrades Hershey to buy from neutral UBS said it's becoming bullish on the chocolate and candy maker's long-term growth. Bank of America reiterates Lowe's as buy Bank of America said shares of Lowe's remain attractive.

☆ NRG Energy to Buy Vivint Smart Home for $2.8 Billion
▼ + stars: | 2022-12-06 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

NRG Energy Inc. said it agreed to buy home-security business Vivint Smart Home Inc. for $2.8 billion in cash, as the energy-services company pushes to have a presence in more American homes. NRG said Tuesday it would pay $12 a share for Vivint, which offers integrated home systems that include security, lighting and other services. The price marks a 33% premium to Vivint’s closing price on Monday of $8.99 a share. Including debt, the companies put the total deal value at $5.2 billion.

☆ One of the best bets in real estate is no longer a sure thing
▼ + stars: | 2022-12-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The sure thing that's no longer a sure thing. But the shine is starting to come off what is considered one of the safest, and smartest, bets in real estate. The two largest single-family rental REITs — Invitation Homes and American Homes for Rent — have recently seen their ratings downgraded by Wall Street analysts, Insider's Alex Nicoll reports. More on the potential deal, which also might have participation from a former Wall Street CEO. If you want to leave Wall Street but don't know where to start, read this.

☆ Wall Street's biggest landlords thought they had a great hedge against inflation. But now these giant homebuyers are getting slammed by rising costs — just like the rest of us.
▼ + stars: | 2022-12-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Two Wall Street analysts are seeing warning signs for big landlords like Invitation Homes. Raymond James downgraded its rating of Invitation Homes for the first time ever. Single-family rental companies face new challengesHigh interest rates mean that it costs substantially more for single-family rental companies to buy up thousands of homes. In key markets like Texas, Florida, and Georgia, property taxes may increase by 20 to 30% year-over-year, according to Raymond James. According to Carl and Rosivach, Invitation Homes' rent collection rolls are 2% lower than they were pre-pandemic, while on-time payments are 5% lower than they were pre-pandemic.

☆ Homebuyers who fled to Florida to escape high taxes are now shocked at their massive tax bills
▼ + stars: | 2022-11-18 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

A Florida law caps property taxes at 3% a year for existing homebuyers. The tax bills have come as a shock for some, who may have to consider moving out of the state. Anyone who bought a Florida property in 2022 will be in the same situation next year. Corporate homebuyers are also getting hit with higher tax billsDeeply resourced, large-scale homebuyers are getting caught off guard, too. Some local governments in Texas have argued for increasing property taxes in order to finance things like hurricane relief, the Texas Tribune reported.

☆ Democrats who want to 'stop Wall Street landlords' and rein in the $4.4 trillion single-family-rental industry will likely be foiled by Republicans who will soon run the House
▼ + stars: | 2022-11-16 | by ( James Rodriguez | ) www.businessinsider.com time to read: +6 min

A recently introduced bill promises to rein in corporate owners of single-family rental homes. They scooped up thousands more during the COVID-19 pandemic as interest rates dropped and demand for rental housing soared. The introduction of the Stop Wall Street Landlords Act marks the latest escalation. "Low- and middle-income families in my district and across the country are being pushed out because of profiteering and unfair practices by large corporate landlords." But the watchful eye of federal lawmakers is sparking concern among large SFR companies.

☆ An investor with 35,000 rental houses is sitting on $3 billion of 'dry powder' as it waits for the perfect time to buy up thousands more homes
▼ + stars: | 2022-11-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Tricon Residential is one of the biggest owners of single-family rental homes in the US. Berman said the company expected to buy up 850 homes in the fourth quarter, for a total of 7,300 this year. Berman said the company was "slowing down today" so it could buy larger portfolios at discounted prices in the future. Single-family rental operators may be slowing down in the short term, but the biggest players have been adamant that the fundamentals of their business remain strong. "We also think that a lot of the startups in single-family rental may have trouble getting financing, and so maybe some portfolios shake loose.

☆ The real reason so many remote workers are refusing to go back to the office: their dogs.
▼ + stars: | 2022-11-02 | by ( Drew Limsky | ) www.businessinsider.com time to read: +7 min

According to a survey by Digital.com, 75% of workers say they want to stay home with their pets instead of going into the office. Similarly, the ASPCA reports 90% of dogs adopted during the pandemic are still in the home. Pup owners surveyed by Veterinarians.org said their dogs inspired them to get out more and try new outdoor activities. Google, WeWork, Tripadvisor, Etsy, and even Ben & Jerry's also permit dogs in the office. In numerous surveys, workers have stressed the value they put on flexibility; many say it's even more important than money or advancement.

☆ Global CO2 emissions from fossil fuels to rise by less than 1% this year
▼ + stars: | 2022-10-19 | by ( Angela Dewan | ) edition.cnn.com time to read: +3 min

CNN —Finally, some good news in the battle against greenhouse gasses: Carbon dioxide (CO2) emissions from the burning of fossil fuels are on track to rise less than 1% this year. That’s despite widespread concerns of a rush back to coal, oil and gas amid a global energy crunch and Russia’s war in Ukraine. The International Energy Agency published its forecast in a report Wednesday, showing CO2 emissions are on track for an increase of 300 million metric tons in 2022, reaching 33.8 billion tons. “This means that CO2 emissions are growing far less quickly this year than some people feared – and that policy actions by governments are driving real structural changes in the energy economy. But the increase in emissions from coal has been “relatively small” and are “considerably outweighed by the expansion of renewables,” according to the report.

☆ Understanding renters rights post-Hurricane Ian
▼ + stars: | 2022-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderstanding renters rights post-Hurricane IanAmerican Homes 4 Rent CEO David Singelyn joins 'Power Lunch' to discuss damage assessments from Hurricane Ian, adapting company strategy due to climate change and rental demand during times of rising mortgage rates.

☆ Big investors are buying fewer homes to rent out on a bet that prices will fall. Case in point: A 2,000-house portfolio just got yanked from the market after failing to lure buyers at its $500 million
▼ + stars: | 2022-09-20 | by ( James Rodriguez | ) www.businessinsider.com time to read: +6 min

That's left some big portfolios sitting on the market — but don't expect the lull to last long. This past summer, a huge portfolio of 2,000 homes hit the market. The market for single-family-rental portfolios, once red-hot, has slowed considerably as the biggest participants face higher borrowing costs and market volatility. The challenges aren't limited to big SFR portfolios. Deals are still getting done, too — one SFR portfolio traded in August for a little more than $140 million, according to a person with knowledge of the deal.

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