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BANGKOK (AP) — Asian shares were mixed on Tuesday, with Hong Kong and Shanghai leading declines, ahead of a decision by the Federal Reserve this week on interest rates. But shares in China Evergrande New Energy Vehicle Group gained 7% as they resumed trading after they also were suspended on Monday. Other property companies led the decline in Hong Kong, where the benchmark Hang Seng index sank 2.4% to 15,694.69. Political Cartoons View All 253 ImagesTechnology companies also retreated, with food delivery company Meituan down 2.8% and e-commerce giant Alibaba falling 1.9%. On Monday, U.S. stocks gained as they kicked off a week where Wall Street’s most influential stocks may show whether the huge expectations built up for them are justified.

Persons: ” Stephen Innes, Australia's, Archer Daniels, Brent Organizations: Federal Reserve, China Evergrande Group, Energy Vehicle Group, Evergrande, Services, Sunac China Holdings, F, Technology, Management, Nikkei, Dow Jones, Nasdaq, Big Tech, Microsoft, Traders, Fed, Archer Daniels Midland, Amazon, New York Mercantile Exchange, U.S Locations: BANGKOK, Hong Kong, Shanghai, China, Guangzhou, Asia, South Korea, U.S, Wall, iRobot

The order by the Hong Kong High Court also is not a remedy for the crisis of confidence haunting China’s financial markets. Markets in both Hong Kong and Shanghai fell Tuesday while share prices of property developers sank. State-owned Chinese banks and other domestic entities own most of the debt owed by Chinese property developers. David Goodman, director of the University of Sydney’s China Studies Center, said he thinks China’s property debt burdens are unlikely to precipitate a major financial crisis. “The fact of the matter is that the Chinese financial system is not as open or as marketized (as in the United States),” he said.

Persons: Brock Silvers, haven't, Silver, ”, Seng, David Goodman, —, Soo Organizations: Evergrande, Hong Kong High, Kaiyuan, ”, Sunac China Holdings, F Properties, Shanghai, Swiss Re Institute, Swiss, University of Sydney’s China Studies Center Locations: BANGKOK, Hong Kong, China, Beijing, Shanghai, Guangzhou, United States, U.S, Singapore

☆ These are the 10 most welcoming cities for 2024—only 1 is in the U.S.
▼ + stars: | 2024-01-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Booking.com released its 12th edition of the Traveler Review Awards which includes their list of the most welcoming places in the world for 2024. To determine what cities made the list, Booking.com used more than 309 million verified customer reviews from their site. The destinations on the list were chosen because they have an above-average number of properties with exceptional reviews for hospitality, according to a press release shared with CNBC Make It. Like in 2023, this year's most welcoming places span five continents.

Persons: Booking.com Organizations: CNBC

“This is a basically a death penalty for a business,” said Columbia University law professor Eric Talley. Bank officials called to testify couldn’t say for sure if Trump’s personal statement of worth had any impact on the rates. His nonprofit Trump Foundation agreed to shut down in 2018 over allegations he misused funds for political and business interests. The Deutsche unit making the Trump business loans wasn’t the typical lending unit, but its private wealth division. A POTENTIAL COMPROMISETo be sure, the attorney general’s office has argued that there are larger issues than victim losses at play in Trump's case.

Persons: Donald Trump, “, ”, Eric Talley, it’s, Adam Leitman Bailey, William Thomas, Trump, that’s, Arthur Engoron, Engoron, Letitia James, Said, Kevin Wallace, ” Engoron, Jan, Gambino, Mar, Deutsche, ” Trump, Wallace, Jerry H, Goldfeder, University of Michigan’s Thomas, ” ___, Michael R, Jennifer Peltz, David Caruso, Rhonda Shafner Organizations: Associated Press, Columbia University, Deutsche Bank, Trump, Bank, University of Michigan, Republican, Democratic New, New York, LexisNexis, AP, Trump Foundation, Trump University, Deutsche, ”, Fordham University, University of Michigan’s Locations: Trump’s, New York, Democratic New York, York, Lago, Florida, Chicago, Miami , Los Angeles, Scotland, New, Manhattan, Sisak, Investigative@ap.org

☆ Blackstone is gearing up for a real-estate buying spree. Here are the types of properties it's eyeing.
▼ + stars: | 2024-01-25 | by ( Kaja Whitehouse | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone sees a light at the end of the tunnel for the troubled commercial real estate market — and the private equity giant is not waiting for things to settle down before it starts picking winners. "While it will take time, we can see the pillars of a real estate recovery coming into place." Gray noted that the firm made three major real estate transactions in the past two months, including its $3.5 billion deal to take Canadian real estate firm Tricon Residential private. He said the company sees further buying opportunities in residential real estate, including single-family rentals and multi-family rentals. The Tricon transaction, he said, was focused on single-family homes for rent: "That space, because of the shortage of single-family homes, has been much stronger."

Persons: Blackstone, Jonathan Gray, Gray, we've Organizations: Business, Signature Bank, Savings, Loans, Invitation Homes

Trump, who contends James’ lawsuit is part of a politically motivated “witch hunt” was demonstrative from the outset. Go out and do your own work,” Trump testified. “I considered this the most important job in the world, saving millions of lives,” Trump testified. Would you like to see it?”“I don’t think we’re allowed to open the windows,” Wallace said. “An incredible property … an unbelievable property ... a phenomenal property that fronts on the ocean.”“I don’t want to sell any of them,” Trump testified.

Persons: Donald Trump’s, —, Letitia James, ”, Trump, that’s, James ’, smirking, “, ” James ’, Judge Arthur Engoron, Trump’s, James, ” Trump, Banks, they’d, Allen Weisselberg “, ’ Don’t, “ You’re, Donald Trump Jr, Kim Jong Un, ” Wallace, Clifford Robert, LIV Organizations: Republican, Information, Trump, New, Trump Organization, Weisselberg, Doral Locations: York, Manhattan, New York, North Korea, Scotland, Doral, Miami, Springs, New York City, New York State, Aberdeen, Jupiter, Florida, Los Angeles, Lago, Saudi Arabia, British, Sisak, x.com

☆ The sexiest new hotels for 2024
▼ + stars: | 2024-01-05 | by ( Julia Buckley | ) edition.cnn.com time to read: +23 min

This list tries to do just that – spotlight the hotels opening (or reopening, as one of them is) in 2024 that make us want to visit for the hotel alone. Properties with a little bit of oomph – the sexy hotels of 2024, as we like to call them. For spring 2024, Costa Rica’s on the cards, with this beachfront hotel at surfer central Santa Teresa, on the Pacific Coast. Existing ones have been refurbished, and new pool villas, suites and bungalows have been added to the mix. Pool villas are cute cabins with patio doors opening on the open-to-the-elements plunge pools, while the bungalows will be wood-clad, tropical spaces.

Persons: Will, ”, that’s, King Charles, Maria, Casa Lucia Argentina, swank, Kit Kemp, Kibale, Queen Elizabeth, George, Gran, Palazzo Cordusio, Cordusio, There’s, Emanuele II, Mina Al, Ras, Anantara Mina Al Arab, Ras Al Khaimah, Mina Al Arab, Al Riffa, Mollie's, who’ll, KAI Akiu, Hoshino, Rupert Peace, Michel Rojkind, Moxy Banff, Marie, they’re, Philippe Kjellgren, It’ll, Aman, you’ve, you’ll, Roma, Romeo Roma, Romeo, starchitect Zaha Hadid, Rome’s Piazza, Costa Rica’s Organizations: CNN, Casa Lucia, Bacan, Leinster, Collins, Gran Meliá, Milan, Galleria, Tunisia –, Soho, Manchester TV, Beatles, Granada Studios, Old Granada Studios, Soho House, Resorts, Michelin, Guadalupe, Moxy, VW, Brisbane . Tourism, Queensland, Casa, Hoxton, Popolo, Princeton, Hotels, Ivy League, Mercure, Darwin, Training Academy Locations: Matca, Transylvania, Romania, Romanian, Brașov, Maria, Helsinki, Finland, Buenos Aires, Argentina, Retiro, Dublin, Ireland, Merrion, Georgian Dublin, Uganda, Rwanda, Queen, Edward, Milan, Italy, Meliá, Piazza, Duomo, Ras Al Khaimah, UAE, Arabian, Dubai, Ras Al, Oman, Mina, Al, Tunisia, Douz, Sahara, Matmata, Manchester, Japan, Tokyo, Akiu, Sendai, superlatives, Kempinski, Dresden, Germany, grande, Taschenbergpalais, Baja California, Mexico, Valle, Mexican, Valle de Guadalupe, Canada, Banff, Brisbane, Australia, Brisbane ., Dios, Peru, Casa, Andina, Brazil, Bolivia, Peruvian, Folegandros, Greece, Santorini, –, Hoxton Vienna, Austria, Hoxton, Vienna, Ennismore, Landstrasse, Sainte, Marie, Madagascar, Aman Nai, Bangkok, Thailand, Aman, Nai Lert, Thai capital’s, Rome, Naples, starchitect, New Jersey, Santa Teresa, Costa Rica, Morocco, Coast, Darwin, Larrakia, Northern Territory

☆ Dubai penthouse sells for record $136 million
▼ + stars: | 2023-12-05 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —A five-bedroom penthouse covering almost 22,000 square feet has sold in Dubai for 500 million UAE dirhams — just over $136 million — setting a new record for one of the world’s busiest luxury real estate markets. Record salesThe previous record for a penthouse sale in Dubai dates back just a few months, when an apartment occupying the top floor of the Marsa Al Arab Hotel sold for 420 million UAE dirhams (about $114 million). According to Provident Estate, the penthouse at Como Residences is the third most expensive in the world, after Penthouse D at One Hyde Park in London, priced at $237 million, and the Odeon Tower Penthouse in Monaco, priced at $440 million. Shutterstock Palm Jumeirah also boasts the first monorail in the Middle East, which opened in April 2009, and connects the Palm to Dubai's mainland. But when it comes to the asking price for a penthouse, the view is one of the key drivers.

Persons: CNN —, Nahkeel, Karim Sahib, Giuseppe Cacace, Shutterstock, Kamran Jebreili, ”, Chris Boswell, he’s, ” Boswell, “, it’s Organizations: CNN, UAE dirhams —, Jumeirah, Provident Estate, Marsa Al Arab, UAE, Como Residences, Penthouse, Dubai Marina, Getty, Burj Locations: Dubai, Como, Marsa, Hyde, London, Monaco, Burj Al Arab, Burj, Eastern Europe, Dubai's, Nakheel, AFP, Karim, Burj Al, United States, Italy, France

☆ Why are real estate commissions 6%? – and why that’s about to change
▼ + stars: | 2023-12-03 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.

Persons: Sellers, ”, Jordan Barry, “, Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. That’s weaker than the 3.90 million sales pace economists were expecting, according to FactSet. They have fallen five months in a row, held back by climbing mortgage rates and a thin supply of properties on the market. Political Cartoons View All 1260 Images“Lack of inventory along with higher mortgage rates (are) really hindering home sales,” said Lawrence Yun, the NAR’s chief economist. That amounts to just a 3.6-month supply, going by the current sales pace.

Persons: ”, Lawrence Yun, Freddie Mac, homebuyers Organizations: ANGELES, National Association of Realtors, Homes, NAR Locations: U.S

The trend worries some U.S. lawmakers who fear corporate interest will make agricultural land unaffordable for the next generation of farmers. Investment firm acquisitions are also outpacing farmland purchases by foreign entities, according to data from the U.S. Department of Agriculture (USDA). Lawmakers debated this year whether to curtail foreign farmland ownership, concerned that adversaries might buy land to exert political influence. "If the next generation isn’t enticed to come back to the farm," he said, "then who’s going to own that land?" About 60% of U.S. farmland is farmer-owned and -operated, with the rest owned by non-farmer operators including individuals, trusts, and corporations, according to USDA.

Persons: Nuveen, Paul Schadegg, Tim Gibbons, isn’t, It’s, David Gladstone, Gladstone, Cory Booker, Bruce Sherrick, Leah Douglas, Richard Valdmanis, Anna Driver Organizations: Investment, Reuters, Manulife Investment Management, National Council of Real Estate Investment, United Nations, U.S . Department of Agriculture, Lawmakers, Senate, National Defense, Farmers National Company, Missouri Rural Crisis Center, USDA, Gladstone, Agriculture Committee, TIAA, Research, University of Illinois, Thomson Locations: U.S, United, China, Russia, Iran, North Korea, Missouri

☆ Fact Check: UK government page does not show Israel is a British company
▼ + stars: | 2023-11-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Writing a caption to accompany the screenshot, the X user said: “Yet another proof that Israel is owned by British elites. There is no listing for “The State of Israel” as a company on Companies House. Companies House told Reuters in an email that this includes foreign governments. The State of Israel is identifiable as an overseas entity on the Companies House registry by its unique ID, beginning with “OE”, Companies House told Reuters. The screenshot shows Israel registered as an overseas entity owning property in the UK, not a registered UK company.

Persons: Israel ”, ROE, Israel, Read Organizations: Social, Twitter, Facebook, Companies House, OF ISRAEL, House, Overseas, Companies, THE, Overseas Entities, Reuters, Thomson Locations: Israel, British, The State, ., London, Ukraine, State

☆ Mexico's real estate trust Fibra Next eyes $865 mln IPO to cash in on nearshoring
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Fibra Next, spun off by parent trust Fibra Uno (FUNO11.MX), plans to issue some 277.8 million Real Estate Trust Stock Certificates (CBFIs) in the offering, scheduled for November 28, according to the document dated Tuesday. Fibra Nearshoring Experts and Technology, as Fibra Next is officially known, had reportedly initially been targeting a valuation of $1.5 billion according to media reports last month, pricing it as the largest local IPO since 2018. The funds raised will be used for the acquisition and development of properties, Fibra Next stated in a separate presentation to investors. Fibra Next is tapping in on the real estate buzz from nearshoring - the trend of locating manufacturing capacity in Mexico, closer to the U.S. market, rather than in Asia - to boost profits and economic growth. Another real estate trust, Vesta (VESTA.MX), debuted on New York Stock Exchange earlier this year with a $400 million initial public offering.

Persons: Fibra Uno, Fibra, Noe Torres, Adriana Barrera, Isabel Woodford, Michael Perry Organizations: MEXICO CITY, Technology, Fibro Uno, New York Stock Exchange, Thomson Locations: MEXICO, Mexican, Mexico, U.S, Asia

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

☆ Opinion: Marjorie Taylor Greene botches the explanation
▼ + stars: | 2023-11-12 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —On the day after Republicans lost pivotal races in Kentucky, Ohio and Virginia last week, Rep. Marjorie Taylor Greene offered a diagnosis for her party’s ills. On Tuesday, Ohio voters passed an amendment to the state constitution that guarantees abortion rights. The disconnect may or may not cost Trump votes in 2024, but it’s hurting Republicans up and down the ballot. “Democrats will win in 2024 by making the election a choice, not just a referendum on Biden’s performance in office.

Persons: Marjorie Taylor Greene, CNN’s Manu Raju, Donald Trump, Roe, Wade, Trump, ”, Kate Bedingfield, Joe Biden’s, Youngkin, ” Bill Bramhall, Bedingfield, They’ll, Julian Zelizer, Biden, ” Clay Jones, ” Clay Jones Republican Lanhee Chen, — don’t, Chen, “, ” Mary Ziegler, Davis, Republicans don’t, Comstock, Nikki Haley, Ana Marie Cox, Ron DeSantis, Vivek Ramaswamy, Dick Cheney, ’ Haley, Haley, Ramaswamy, ‘, Haley “, ” Patrick T, Brown, ” Roxanne Jones, DeSantis, Todd Graham, Bill Bramhall, Mary Ellen O’Connell, ” “, ” John Spencer, he’s, Al Qaeda, Peter Bergen, Israel, Hani Almadhoun, Suzanne Nossel, Frida Ghitis, Walt Handlesman, Ivanka Trump, Elliot Williams, Letitia James, Williams, ” Williams, Nick Anderson, Ian Berry, Bob Dylan, Anna Lee, I’d, William, I’ll, Bethany McLean, Joe Nocera, Dr, Kent Sepkowitz, ” Sepkowitz, ” Don’t, Corey Mintz, DoorDash, Paul Rieckhoff, Jill Filipovic, Shannon Watts, Jade McGlynn, Keith Magee, King Charles, Sara Stewart, Priscilla ’, Barbra Streisand, CHANEL, Presley Ann, Patrick McMullan, Holly Thomas, James Brolin, Barbra’s, Thomas Organizations: CNN, Republicans, Trump, “, White House, State Senate, Biden, ” Clay Jones Republican, University of California, Department of Justice, Florida Gov, Republican, Senate, Content Agency Israel, Hamas, University of Notre Dame, Modern War, Twitter, Facebook, ISIS, Content Agency Trump, New York, Trump Organization, “ Trump, —, Tribune, Agency, College of, Getty, BBC Locations: Kentucky , Ohio, Virginia, Georgia, “, Mexico, Ohio, State, Michigan, Pennsylvania, Arizona, Kentucky, Mississippi, Florida, Miami, Hialeah , Florida, Trump, Israel, Gaza, Hamas, West, Mosul, Raqqa, Manhattan, New York City, Ukraine, Malibu , California, Greenwich Village

☆ Booking.com settles Italian tax dispute with 94-million euro payment
▼ + stars: | 2023-11-10 | by ( Emilio Parodi | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Nov 10 (Reuters) - Travel website Booking.com (BKNG.O) has agreed to pay about 94 million euros ($100.25 million) to settle a tax dispute in Italy, Genoa prosecutors said on Friday. Italy's Guardia di Finanza tax police alleged in June 2021 that Booking.com evaded 153 million euros of value added tax (VAT) in connection with holiday rentals from 2013 to 2019. Last November, Dutch magistrates accepted a European investigation order (OIE) sent by Italy allowing Italian prosecutors to question two former Booking.com chief financial officers as part of the investigation. Private accommodation sites which are not professionally run often have no VAT number, and Italian tax authorities believe the online travel agency should in such cases act as a withholding agent, collecting tax. In another similar case involving a company's responsibility to collect tax on behalf of tax authorities, an Italian judge on Monday seized 780 million euros from short-term rentals platform Airbnb (ABNB.O).

Persons: Dado Ruvic, Booking.com, Italy's, Toby Sterling, Alvise Armellini, Aurora Ellis Organizations: REUTERS, Apple, Facebook, Italian Revenue Agency, Prosecutors, U.S ., Holdings, Union, Thomson Locations: Italy, Genoa, Booking.com, Netherlands, Friday's, Italian, Delaware, Amsterdam

☆ Airbnb Tries to Fix Its Review Problem
▼ + stars: | 2023-11-08 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

Would you trust Airbnb reviews more if you knew more about the guests leaving reviews? The short-term rental company is hoping you will. Airbnb announced several changes to its ratings and reviews page on Wednesday. This could include where they are from, the length of their stay and whether they traveled with children, pets or in a group. Hosts with homes receiving excellent ratings and reviews from guests will also receive a new Guest Favorites designation.

Persons: Airbnb

Airbnb said that it will roll out what it calls “Guest Favorites” this week. He said the unpredictability of listings is the biggest reason why someone would choose a hotel room over Airbnb. Airbnb is also encouraging hosts to create photo tours of their property, which Chesky said will use AI to organize photos by room. Earlier this year, Airbnb began discouraging hosts from charging exorbitant cleaning fees, a major complaint of users. The site lets visitors filter searches by all-in pricing, which includes the fees, although it is not the default setting.

Persons: Airbnb, Brian Chesky, Chesky, “, ” Chesky, ”

☆ UK house prices end six-month losing streak - Halifax
▼ + stars: | 2023-11-07 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Compared with a year earlier, house prices in October were 3.2% lower versus a 4.5% annual decline in September, leaving the average house price at 281,974 pounds ($347,279), nearly 10,000 pounds lower than a year earlier. British house prices surged during the COVID-19 pandemic due to low interest rates, greater demand and temporary tax breaks. Halifax's house price index is still 18% higher than it was in February 2020, despite a 4% fall since its peak in June 2022. Halifax said it expected house prices to fall further this year, with a return to growth in 2025. "The high cost of borrowing alone is not sufficient to trigger the leg down in house prices we predicted," Capital economist Andrew Wishart said.

Persons: Toby Melville, Kim Kinnaird, Huw Pill, BoE, Kinnaird, Andrew Wishart, David Milliken, Sarah Young, Kate Holton, Bernadette Baum Organizations: REUTERS, Halifax, Lloyds Banking Group, The Bank of England, Capital Economics, Thomson Locations: Bristol, Britain, Halifax, British

The high-stakes civil case strikes at the heart of Trump’s brand – his real estate empire. New York Attorney General Letitia James is suing Trump for $250 million and seeking to bar him from doing business in the state. Trump’s attacks in a vacuum weren’t particularly remarkable – he’s used the same barbs throughout the course of the trial, which he’s attended repeatedly as a spectator. Trump’s rhetoric prompts an angry response from the judgeEngoron tried at the outset of Trump’s testimony to stop the former president from making speeches and instead answer the questions, but it did little to change Trump’s approach. “There’s a disclaimer clause where you don’t have to get sued by the attorney general of New York,” Trump said.

Persons: Donald Trump, Judge Arthur Engoron, Chris Kise, Trump, Letitia James, Engoron, ” Trump, James, he’s, “, ”, ” Kevin Wallace, ” Engoron, Kise, ” Kise, Alina Habba, Wallace, Lago, ” Wallace Organizations: New, New York CNN, Trump, New York, Trump Organization, Forbes, Forbes Magazine, Mar Locations: New York, “, –, Florida, Mar, Aberdeen, Scotland

☆ A real-estate investor with a 311-unit portfolio breaks down the tax rule that saved her hundreds of thousands of dollars last year — and even allowed her to claim a $167,000 check from the IRS
▼ + stars: | 2023-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

So when she heard about a particular tax strategy on a podcast two years ago, it surprised her that she'd never come across it. Cost segregation. According to Rocket Mortgage, a cost segregation study takes about a month or two to complete. It's also worth keeping in mind the rules around cost segregation from the Tax Cuts and Jobs Act of 2017. Then there's the cost of a cost segregation study.

Persons: Anne Curry, she's, hasn't, she'd, Curry, Bernard Reisz, you've, Reisz, It's, it's, —, there's, I'm, who's Organizations: Rocket Mortgage, Internal Revenue Service, CPA Locations: New York City

☆ Home sellers are slashing prices in these 13 cities, and there's new evidence that houses will get even cheaper in early 2024
▼ + stars: | 2023-11-02 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Home values have held up this year despite historically high mortgage rates, but a new report from Realtor.com suggests that property prices could fall under pressure in the coming months. The firm said that price growth was flat — even as mortgage rates rose to a 23-year-high. Higher borrowing costs dampened demand, though it's possible homebuyers were worried that mortgage rates would soar even higher and wanted to buy before that could happen. Limited supply kept property prices afloat, as Realtor.com found that inventory fell 2% from October 2022. 13 cities where sellers are cutting pricesWhile listing prices are falling across the nation, the trend is especially noticeable in the South and Midwest.

Persons: Danielle Hale, Realtor.com, Hale, it's Locations: West, Midwest, Antonio , Texas, San Jose , California, Memphis , Tennessee, Dallas , Texas, Miami , Florida, South

☆ UK house prices show surprise rise in October - Nationwide
▼ + stars: | 2023-11-01 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

Prices increased by 0.9% from September when they had risen by a marginal 0.1%, Nationwide said. It was the biggest monthly increase since August 2022. Economists polled by Reuters had expected prices to fall by a monthly 0.4% and by 4.8% year on year. "The uptick in house prices in October most likely reflects the fact that the supply of properties on the market is constrained," Nationwide Chief Economist Robert Gardner said. "While some buyers are able to accept higher mortgage payments, helping to prop up house prices, their number is dwindling as shown by the drop in mortgage approvals in September," Pattison said.

Persons: Robert Gardner, BoE, Gardner, Imogen Pattison, Pattison, William Schomberg, Jason Neely Organizations: Nationwide, Reuters, Royal Institution, Chartered Surveyors, Bank of England's, Capital Economics, Thomson

☆ What to know about Donald Trump Jr.’s expected fraud trial testimony
▼ + stars: | 2023-11-01 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +3 min

New York CNN —Donald Trump’s eldest son, Don Jr., is expected to begin testifying in the civil fraud trial against the family and their business on Wednesday. In a deposition taken last year, Trump Jr. distanced himself from the financial statements Judge Arthur Engoron has already ruled to be fraudulent in a summary judgment before the trial began. “I had no real involvement in the preparation of the Statement of Financial Condition and don’t really remember ever working on it with anyone,” Trump Jr. said. Donald Trump Jr. has worked in commercial leasing for the Trump Org., including the company’s 40 Wall Street property at issue in the lawsuit. Trump Jr. became a trustee of his father’s revocable trust when he took office and certified the statements of financial condition in 2017, 2018 and 2019.

Persons: New York CNN — Donald Trump’s, Don Jr, Donald Trump Jr, Trump, Eric, Arthur Engoron, “, ” Trump, ”, Eric Trump, Ivanka Trump, Letitia James Organizations: New, New York CNN, Trump Jr, “, Trump, Trump Org, New York Locations: New York, Seven, Briarcliff, New

☆ These are the 10 best places to buy a vacation house in the U.S. based on rental performance, yearly expenses and more
▼ + stars: | 2023-10-31 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Evolve, a vacation rental company, ranked the best places in the U.S. to buy a vacation house right now. In October, Evolve, a vacation rental company, released its ranking of the best places to buy a vacation house right now. 1 place to buy a vacation house right now, according to Evolve. 2 best place to buy a vacation house right now. The Evolve report states that the median rental revenue for Holland is $44,577, the example cap rate is 8.8% and the median listing price is $355,544.

Persons: Peter Unger, , New York Holland , Michigan Hocking Hills , Ohio Palo, Deb Snelson Organizations: Stone, U.S . News, , New York Holland , Michigan Hocking Hills , Ohio Palo Pinto , Texas Wisconsin Dells, Wisconsin Savannah , Georgia Michigan City, Evolve, Holland State, Istock, Getty Locations: U.S, , New York, New York, Lake Ontario, Finger, Napa Valley, HomeToGo, , New York Holland , Michigan Hocking Hills , Ohio, , New York Holland , Michigan Hocking Hills , Ohio Palo Pinto , Texas, Wisconsin Savannah , Georgia Michigan, Wisconsin Savannah , Georgia Michigan City , Indiana Vernon Township , New Jersey Dover , Vermont Sevierville, Tennessee Holland , Michigan, Holland, Lake Michigan, Southeast Ohio, Hocking Hills

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