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Known as the Black & White House, this custom contemporary home reveals its stunning architectural beauty the moment you drive up. Located on a wooded acre lot, the five-bedroom home was built in 2007 by David Jameson, a renowned local contemporary architect. “David Jameson is one of two modern architects in our area and he
Few places seemed more risky during the early, pre-vaccine peaks of the Covid-19 pandemic than nursing homes and senior housing facilities. That includes Arbor Court Retirement of Topeka, the oldest retirement community in Topeka, Kansas. “There was a lot of fear,” says Linda Clements, the director of business development at Arbor Court of Topeka, an
Antiquity and Silicon Valley are two concepts often not paired together. The very name of the region roughly shaped by the San Francisco Bay, Santa Cruz Mountains to the west and Diablo Range to the east is synonymous with technological innovation—where the future, not the past, is king. However, a hundred years ago this wasn’t
A “For Sale” sign in Crockett, California, on Tuesday, June 14, 2022. David Paul Morris | Bloomberg | Getty Images As consumers worry more about inflation, fewer are buying homes — and if they are, they’re buying less expensive homes. Mortgage demand fell last week compared with the previous week, and the average loan size
Saul Loeb | AFP | Getty Images If you’re a prospective homebuyer who is having second thoughts, you’re not alone. About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage
A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The average monthly rent for a Manhattan apartment surpassed $5,000 for the first time — and brokers say demand and prices are headed even higher into the fall. The average apartment rent in June was $5,058, the highest on record, according to a report
When Federal Reserve Chair Jerome Powell describes the central bank’s approach to raising interest rates to tame inflation, he seems to return again and again to the same word: “expeditiously.” But as the central bank is laser focused on fulfilling its mission to maintain price stability, it could risk running afoul of one of its
Florida state government revenues surged in fiscal 2021-22, bringing its total budget surplus to a record high of $21.8 billion, more than 21% above previous forecasts, as its economy continued to recover in the wake of the COVID-19 pandemic. In May, collections came in $742 million above estimates with preliminary data for June showing revenue
House Ways and Means Committee Chairman Richard Neal is seeking to turn up the dial on his housing agenda, reigniting discussions around what an expansion of the low-income housing tax credit may look like in the months leading up to crucial midterm elections. The credit was a major part of the discussion during the Ways
The former Treasury official and University of Michigan administrator’s confirmation gives the Federal Reserve Board a full complement of seven governors for the first time in nearly a decade. Michael Barr, a former Treasury official and university administrator, has been confirmed as the next vice chair for supervision for the Federal Reserve. The Senate confirmed
The “social” part of environmental, social, and governance evaluations poses the most downside risk to governmental and not-for-profit issuers in the Midwest and Central regions, S&P Global Ratings said in an ESG report published Tuesday. Analysts put an “elevated” risk label on its social scorecard, and “neutral” labels on environmental and governance factors in a
Municipals were little changed in secondary trading, as eyes turned toward the primary market’s large revenue deals from the New York State Thruway Authority and the Colorado Health Facilities Authority. The 2/10 U.S. Treasury curve significantly inverted after the June consumer price index report came in hotter than expected at 9.1%, further stoking recession fears
Federal Reserve Bank of Atlanta President Raphael Bostic said “everything is in play” for policy action after data showed that U.S. inflation accelerated again to a fresh four-decade high last month. “The top-line number is a source of concern,” Bostic told reporters Wednesday in St. Petersburg, Florida. “Everything is in play.” Asked if that included
You can enable subtitles (captions) in the video player This is a story of finance gone wrong. The Credit Suisse story is the story of one of Switzerland’s most important institutions, one of the most important banking institutions in Europe. The bank which ignored risks, ignored red flags. We are in a very challenging situation.
When tech giant PayPal acquired Honey, a browser extension that aggregates and applies online coupons, for $4 billion in 2019, the sale made co-founders George Raun and Ryan Hudson worth a combined $1.5 billion. And what to do with that kind of money? A lot, apparently. Raun first purchased this Bel-Air home in 2020 for
British manufacturers have warned that a proposal to lift anti-dumping measures on a type of Chinese steel risks a flood of cheap imports and threatens hundreds of jobs in the sector. The Trade Remedies Authority, an arms-length body set up last year to make recommendations to ministers, has advised revoking existing duties on Chinese high-fatigue
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-home sales declined, the median price
David Ryder | Getty Images After staggering growth during the pandemic, the U.S. housing Boismarket is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which ranked U.S. metropolitan markets based on median sales prices, year-over-year inventory
Britain’s leading role in providing weapons to Ukraine in its fight against Russia’s invasion will endure, whoever replaces Boris Johnson as prime minister, the country’s ambassador to Nato has said, amid concerns in Kyiv that a successor could fail to match his focus on the war. Johnson’s enthusiastic support for Ukraine was one of the
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images After dropping to record lows in 2020 and 2021, mortgage rates are back up. Way up. While the past