More Than 230,000 Homes Are in Harvey’s Path in Texas
More than 230,000 homes on the Texas coast, with a combined reconstruction value of about $39.6 billion, are at risk of damage from storm surge if Hurricane Harvey strikes at Category 3 intensity, according to analytics company CoreLogic Inc. The Houston area has the biggest number of houses at risk, the real estate data firm …
Live in Zaha Hadid’s Undulating High Line Building for $22,500 a Month
It was perhaps inevitable: After a handful of closings, new owners have turned around and begun renting out some of the priciest real estates in New York. By: Matt Gross August 22, 2017, 12:18 PM PDT A rendering of the completed apartment building, adjacent to a tree-lined stretch of the High Line. Source: 520 West …
Too Much Debt Is Making Us Sticks-in-the-Mud
We’ve had a long run on the current economic expansion, but eventually, another recession will come. A lot of people will lose their jobs, maybe including you. So ask yourself a question: When the time comes, would you rather take a guaranteed 10 percent wage cut, or have a 10 percent chance of becoming unemployed? …
Where U.S. Homebuyers Are Headed Next
According to a new report, the most active metropolitan areas include Chicago, where an inventory logjam appears to be loosening. Also, Colorado Springs, Washington, D.C., and Reno, Nevada, near Tesla’s massive battery factory, which is attracting workers and driving housing demand. The least active metros are San Francisco, where the median home value has topped $1 million, and Rochester, N.Y., …
Manhattan Gets $20,000-a-Month Homes for New Breed of Seniors
Manhattan is about to become a testing ground for what could be the next luxury real estate boom. Well, maybe mini-boom, considering the rather narrow target group: frail urban seniors with fat bank accounts. Developers are spending hundreds of millions on high-end assisted-living apartment projects, one on the Upper East Side and one in Midtown, …
There’s One Mortgage Monopoly the U.S. Government Wants to Keep
The FICO credit score is as ubiquitous as it is crucial in getting a mortgage. Now, an odd-bedfellows alliance is out to break FICO’s lock and allow scores from rival companies. At stake, proponents say, is credit access for as many as 35 million consumers whom FICO doesn’t evaluate, especially blacks and Hispanics with scant …
Macau Junket King Plans to Invest Billions in Japan, Vietnam
Macau’s biggest junket operator wants to be more than a middleman lender for Chinese high rollers, so it’s spending billions of dollars to transform itself into an overseas casino operator on par with Las Vegas Sands Corp.and Wynn Resorts Ltd. Suncity Group, which operates VIP rooms where monthly bets recently surpassed HK$130 billion ($17 billion), is looking …