Housing prices in major cities across the country could fall as a result of the pandemic. Drew Angerer / Getty Images The coronavirus pandemic has many Americans heading to the hills, or the suburbs, so to speak. And city home prices could decline as a result, says Nobel Prize-winning economist …
Read More »Apple to Spend $ 400 Million in 2020 to Fight California’s Housing Crisis
Apple CEO Tim Cook gestures after opening the recently renovated Apple Store on Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | fake pictures Apple said Monday that it will spend $ 400 million this year to combat the California housing crisis in association …
Read More »Bigger tech stocks get even bigger: Amazon, Apple, and Microsoft stocks set records
Text size The four largest technology companies are now worth almost as much as the next 19 largest companies listed in the United States together. Tomohiro Ohsumi / Getty Images Mega-capitalization technology companies are growing again. On another strong day for the general market on Monday, the shares were led …
Read More »Delinquencies on commercial mortgages increased at a record monthly rate in June
Pedestrians go through commercial real estate in Manhattan. Michael Nagle | Bloomberg | fake pictures Delinquencies in commercial mortgage-backed securities last month had their biggest one-month increase since Fitch Ratings began tracking the metric nearly 16 years ago. The delinquency rate reached 3.59% in June, an increase of 1.46% in …
Read More »Refinancing your mortgage can save you money. Here’s how to find out
With mortgage rates at record lows, it is no wonder that many Americans are refinancing their homes. Add to that the coronavirus pandemic and economic downturn, and the need to find additional cash or cut expenses becomes even greater. In fact, refinancing requests are 74% higher than a year ago, …
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