Welcome
-
Mortgage Demand Down Up To 88% From This Time Last Year
Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applications also down 46% over the same period. It comes off the back of rapidly rising rates, which have made mortgages hundreds of dollars more expensive for the average buyer on a monthly basis. The trend is likely to…
-
German property market will slow — but no significant correction ahead, central bank says
Germany’s central bank is predicting a slowdown but no significant correction in the country’s property market despite warnings of overvaluation, according to a report published Thursday. Claudia Buch, vice president of the Bundesbank, told CNBC’s Joumanna Bercetche: “We do see a slowdown in the price growth for residential real estate, but it’s not that the…
-
Ratings agencies say higher ed is pressured
The U.S. higher education sector is pressured by declining enrollment and inflation-adjusted tuition revenue declines, according to Moody’s Investors Service and Fitch Ratings. In the current fiscal year median enrollment is expected to decline by 0.4% for private universities and by 1.3% for public ones compared to the preceding fiscal year, said Moody’s Senior Credit…
-
Net migration to UK hits record high of 504,000
Net migration to the UK rose to a record high of more than half a million people in the year to June 2022, according to figures published by the Office for National Statistics on Thursday. The surge in long-term arrivals to the UK was driven by a post-pandemic rebound in international study and by inflows…
-
Aussies warned to avoid crypto paper wallets they find on the street
Australians have been warned to stay away from suspicious-looking fake Bitcoin paper wallets, which work by luring victims into accessing a lucrative crypto wallet but will ultimately drain them of their own crypto holdings. According to a Nov. 22 post on the Facebook page of the NSW Police Force, the scam starts as a paper…
-
Supply scarcity, UST rally propelling munis
Municipals saw healthy secondary trading on the short-end of the yield curve Wednesday, while U.S. Treasuries saw larger gains out long and equities improved after the Federal Open Market Committee minutes showed an expectation of slowing rate hikes. The improved tone continued Wednesday, with triple-A muni yields falling up to nine basis points on the…
-
Stocks making the biggest moves midday: Citigroup, Manchester United, Nordstrom, Tesla and more
In this article CSG.N-CH DE MANU JWN C Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg Check out the companies making headlines in midday trading Wednesday: Citigroup — The stock dropped 2.2% after Citigroup was told it must address weaknesses in its management of financial data by U.S. banking regulators. Those regulatory groups said the issues…
-
CrossTower eyeing further crypto acquisitions outside of Voyager bid
Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions. In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite…
-
How Technology Will Impact Multifamily Living In 2023
As technology has evolved, the resident experience within multifamily communities has concomitantly grown ever more convenient, health-enhancing and efficient. Technology-infused amenities and interactive package and delivery rooms, as well as HoT, or Home of Things — among other technology breakthroughs — all herald greater comfort and satisfaction for apartment and condominium residents in 2023 and…
-
The future of parking is in New York — and it costs at least $300,000 per space
Hidden deep below some of New York City’s most luxurious apartment buildings is an exclusive world of futuristic parking spaces where high-end vehicles are parked and retrieved by robotic parking systems. The high-tech spots are a rare amenity in the Big Apple, and if you want your car to occupy one of these VIP spaces…
-
S&P lifts Houston airport system ratings
Increased activity at Houston airports led S&P Global Ratings to boost certain ratings by a notch as the city eyes debt issuance for the three-airport system in the first quarter of 2023. The rating agency raised the system’s subordinate-lien general airport revenue bond rating to A-plus from A with a stable outlook affecting about $2.2…
-
Scotland needs go-ahead from London for independence vote, court rules
The UK Supreme Court has ruled that the Scottish government does not have the legal authority to hold an independence referendum without agreement from Westminster, scuppering Edinburgh’s plan to hold a vote next year. The ruling cuts off the legal route for Nicola Sturgeon, Scotland’s first minister, to unilaterally hold a rerun of the 2014…
-
Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky
Bitcoin (BTC) is forecasted to be a less enticing payment choice by cybercriminals as regulations and tracking technologies improve, thwarting their ability to safely move funds. Cybersecurity firm Kaspersky in a Nov. 22 report noted that ransomware negotiations and payments would rely less on Bitcoin as a transfer of value as an increase in digital…
-
Munis improve along with UST, equities on Fedspeak
Municipals were firmer Tuesday on the short end, while U.S. Treasury yields saw larger gains five years and out. Equities closed in the black as the markets digested more Fedspeak. While Federal Reserve members have continued to emphasize the need to continue tightening, comments from San Francisco Fed President Mary Daly indicated a “pause is…
-
Bob Pisani: Heeding the investment wisdom of Jack Bogle starts with keeping it simple
Bob Pisani’s book “Shut Up & Keep Talking” CNBC (Below is an excerpt from Bob Pisani’s new book “Shut Up & Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.”) In 1997, just as I was becoming on-air stocks editor for CNBC, I had a telephone conversation with Jack…
-
Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
In this article VMW ADSK HPQ JWN Follow your favorite stocksCREATE FREE ACCOUNT A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares fell 9% after the department store reaffirmed its full-year forecast. Nordstrom’s latest results beat profit and sales expectations, according to consensus…
-
12 Kitchen Design Trends Going Away In 2023
A beautifully designed kitchen is essential for several reasons. Primarily, it is the space where we spend the most amount of time with family, cooking, eating, or even working. It’s also important to keep in mind that the right kitchen can add to the resale value of a home. While all-white and farmhouse-style kitchens have…
-
Investors’ home purchases drop 30% as price increases slow down
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates, and now investors are pulling back even more than traditional homebuyers. Investor home purchases dropped just over 30% in the third quarter of this…
-
Kroll raises Miami-Dade County, Florida’s aviation revenue bonds
Kroll Bond Rating Agency upgraded the long-term rating on Miami-Dade County, Florida’s aviation revenue bonds to AA-minus from A-plus. The outlook remains stable. The Miami-Dade Aviation Department, a county enterprise fund, operates Miami International Airport, along with three general aviation airports and a training airport. Travelers at the departures concourse of Miami International Airport.Bloomberg News…
-
UK’s growth prospects worst among top economies, warns OECD
The UK economy is set to be the worst performer in the G20 bar Russia over the next two years, the OECD said on Tuesday, underlining the lasting impact of high energy prices on Europe as a whole. The OECD said in its latest economic forecasts that UK gross domestic product would fall 0.4 per…
Got any book recommendations?