In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Starting next week, the first of 8,000 Amazon employees will begin moving into one of two brand new 22-story towers in Arlington, Virginia. Move-in is expected to be complete by the end of the summer. Amazon’s HQ2, formally called Metropolitan Park, has many features that
Real Estate
Natural disasters like hurricanes and snowstorms tend to temporarily halt housing market activity in affected areas. If the U.S. hits the debt ceiling, expect a similar effect on homebuying and selling activity, particularly in areas with a large number of people who are paid by the government. If the United States breaches the debt ceiling,
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously owned homes fell 3.4% in April from March to a seasonally adjusted, annualized pace of 4.28 million units, according to the National Association of
A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% last week, compared with the previous week,
A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence
A stylishly renovated multiroom apartment in New York City comes with large living spaces and is situated in the Lifesaver Lofts, a turn-of-the-last-century factory that once manufactured the iconic candies. The building is located in Manhattan’s Chelsea neighborhood, less than a block from both the High Line and the Chelsea Piers sports complex as well
Beach homes are seen on September 30, 2020 in Southampton, New York. Kena Betancur | AFP | Getty Images 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. There are now about 5,700 seasonal rentals
Only four owners have called Denholm mansion in the Sydney suburb of Woollahra home in its more than 100-year history. Among them was former Liberal Party heavyweight Sir John Atwill, who during his 50-year ownership received a variety of distinguished guests including the venerable Margaret Thatcher. Befitting this provenance, the landmark estate recalls the elegance
Just a few hundred people of Chinese heritage still live in Washington, D.C.’s Chinatown. Many have been pushed out to cheaper and safer areas. Noah Sheidlower | CNBC Penny and Jack Lee, now married, grew up in the 1960s and 1970s among the thousands of people of Chinese heritage who lived in apartments lining the
In Malibu, California, sand is gold. Where homes are sited―whether sandcastle-close along Broad Beach Road or atop Point Dume cliffs―is all about the correlation to beaches glinting in a sunset’s glow. The main show is the Pacific Ocean and its sonic swells―that serene rhythmic roll homebuyers crave to hear 24/7 and will gladly pay millions
In this article TWLO RIVN ABNB PACW Follow your favorite stocksCREATE FREE ACCOUNT People walk along Wall Street outside of the New York Stock Exchange (NYSE) on May 03, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets
By the middle of the 1980s, television host and media mogul Merv Griffin was making retirement plans from his hit talk show, The Merv Griffin Show, which had been on the air for more than 20 years. The success of his production companies, Merv Griffin Enterprise and Merv Griffin Entertainment—responsible for creating the game shows
When Lee Xian Jie first stepped foot in the traditional farmhouse located in Ryujin-mura, a village in Japan’s Wakayama prefecture, it was “quite rundown” — with floors so rickety they shook beneath him with every step he took. After all, the main structure of the abandoned home was 300 years old, Lee said. But when
A former equestrian property in Westport, Connecticut, comes with a main house and separate cottage, plus a converted barn on subdivided acreage. The 4.54-acre estate in Westport’s Old Hill section was once part of a larger equestrian property. Along with a four-bedroom, 5 1/2-bathroom main house, there is a two-bedroom cottage and a 1,200-square-foot barn
A display for a realtor with Coldwell Banker Dynasty TC, left, is displayed as she speaks with a potential homebuyer during an open house in Arcadia, California. Jonathan Alcorn | Bloomberg | Getty Images Mortgage rates fell slightly last week after the chairman of the Federal Reserve suggested a potential end to a historic string
This 15th century castle set in the Tuscan countryside has an enduring place in the history of Florence, Italy. The Cavalcanti Castle was constructed around 1427 by a descendant of Guido Cavalcanti, a renowned poet and friend of writer-philosopher Dante Alighieri. When the castle was built there were no notable figures within the still-prominent family,
A shopper in Greenville, New York, on April 30, 2023. Robert Nickelsberg | Getty Images News | Getty Images Inflation in April notched its lowest reading in two years, as price pressures for consumers continue to moderate from multi-decade highs and costs for household staples appear to be in retreat. The consumer price index, a
When you think about the causes of dementia, age probably springs first to mind as it is primarily associated with Alzheimer’s, a disease which hits the older adult age groups the hardest. Diabetes and high cholesterol are also in the high risk category, as are family history, smoking and alcohol use, according to Stanford Medicine.
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