Lower mortgage rates should have given home sales a boost in January, but they did not. Sales of existing homes fell 1.2 percent to their lowest level in more than three years compared with December and were a wider 8.5 percent lower annually, according to the National Association of Realtors. That could be good news
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San Francisco housing markets offer new buyer opportunitiesGetty Buyers should revisit the housing markets in Los Angeles and San Francisco for new buying opportunities according to Selma Hepp, chief economist at the San Francisco office of Compass, the national luxury brokerage firm. “The story is there are real opportunities out there for buyers now. There
A more robust new issue slate awaits municipal bond buyers as supply rises after a holiday-shortened trading week. IHS Markit Ipreo forecasts weekly bond volume will increase to $4.9 billion from a revised total of $2 billion in the prior week, according to updated data from Refinitiv. The calendar is composed of $3.5 billion of
Each year in early May, tens of thousands of Warren Buffett disciples come to Omaha for Berkshire Hathaway’s annual meeting, featuring a marathon 6-hour question-and-answer session with Buffett and his business partner Charlie Munger. They cover a wide variety of topics, including how they make their investment decisions. They emphasize that you should buy a
QuadrigaCX’s online wallets for bitcoin and ethereum have nearly been emptied and the funds sent to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY). On Feb. 14, 52 bitcoin (BTC) and 960 ether (ETH) were sent to freshly created blockchain addresses from addresses identified earlier as belonging to the Canadian exchange. The amounts matched
We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared to the same period the
OKEx has just listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer platform, according to a report released this morning by Cointelegraph. The customer-to-customer platform is the cryptocurrency exchange’s newest venture. At the time of writing, OKEx is the top cryptocurrency exchange by its 24-hour trade volume. OKEx Adds Ripple (XRP) and Bitcoin Cash (BCH)
The coming week could be one of the most pivotal for the White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs and what is in a possible report from Special Counsel Robert Mueller on the president’s campaign. Trade talks have been making apparent progress between U.S.
Just because you rent doesn’t mean you can’t upgrade.Stikwood According to a Pew Research Center analysis of Census Bureau housing data, as of 2017, more people in the US are renting their homes than any other time in the past fifty years. However, there is no data that reveals how many of these households wish their units had a little refresh.
If anyone can pull off Zillow‘s plan to start buying and selling homes, returning CEO Rich Barton is the one to get the job done, said RBC Capital Markets’ internet analyst Mark Mahaney. Mahaney told CNBC on Friday that Barton, who co-founded the online real estate marketplace in 2005 and led it until 2010, has
View Bitcoin’s low-volume price consolidation has taken the shape of a bull flag on the 4-hour chart. A break above $3,930 would confirm a flag breakout and open the doors to $4,330 (target as per the measured move method). The flag breakout looks likely, as the longer duration charts are biased bullish: Monday’s high-volume triangle
Gold has rallied 12% since last August, but it’s still a buy. So are gold mining stocks. The metal and mining companies look like a good hedge against possible global turbulence, stagflation or recession ahead. Gold is a play on possible dollar weakness, too. “I remain very positive and constructive on gold,” says Frank Holmes,
Puerto Rico’s economic activity index extended its decline to a fourth straight month in December. The December economic activity index value was 0.7% below that for November. The index was up 16.1% from December 2017, when Puerto Rico was still recovering from the effects of Hurricane Maria. Compared with December 2016, December’s economic activity index
If you want to invest in individual stocks, you have to be ready to do your homework, CNBC’s Jim Cramer said on his show Thursday. The “Mad Money” host told a story from his childhood about how his father, “Pops,” began buying stocks of National Video through a tip that he received from his brother.
A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in
Check out the companies making headlines after the bell: Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton
Less than 24 hours ago, Samsung Mobile announced the release of its next-generation Galaxy smartphone. The new Samsung Galaxy S10 is beautifully designed, and it includes a new feature that many crypto enthusiasts might appreciate. Meet the Next Generation Galaxy. #GalaxyS10Learn more: https://t.co/UstjA79jjF pic.twitter.com/hXOOfafTH1 — Samsung Mobile (@SamsungMobile) February 20, 2019 Enter Your E-mail Address
William Rudin, head of his family’s New York City property development empire, told CNBC on Thursday that the political pressure that led Amazon to withdraw its plans to build a Queens headquarters was borne out of a lack of understanding of the benefits. “Unfortunately, that message didn’t get out in the way it should have,”
Visualization for the new city of Cyclocroft, Colorado.B4Place Wealth guru Pete Adeney has teamed up with a Netherlands-based urban design consultancy to float the idea of a planned community in Colorado that would be car-free and bicycle-friendly. Situated between Longmont and Boulder, the new community – provisionally known as Cyclocroft – would be built in
View Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart. The cryptocurrency could test December
Bondholders of Puerto Rico’s primary pension system filed a motion to seize control of the system. About 30 investment funds filed the motion in the Title III bankruptcy for the Employees Retirement System. The motion was entered in the U.S. District Court for Puerto Rico on Wednesday. Chapman Strategic Advisors Managing Partner James Spiotto said
Dangers may lurk in index funds, a popular area of the stock market known for their recent and consistent record of outperformance against actively managed funds, according to experts. A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias, and possibly manipulation, as interest in those funds
Deutsche Telekom forecast that its earnings would continue to grow in 2019 but by less than expected as Chief Executive Tim Hoettges looks to close a key U.S. merger, acquire spectrum and roll out 5G services. After a 5 percent rise in 2018 core profit, Europe’s leading mobile operator expects 2019 adjusted earnings before interest,
The total volume of all cryptocurrency trading as tracked by market metrics leader Coinmarketcap hit a 300-day high Tuesday, reaching $33.85 billion, the most observed in 10 months. As such, the data point is the latest to suggest that trading activity in the cryptocurrency markets is increasing – Coinmarketcap tracks the aggregate trading volume of 2,074 cryptocurrencies, including
ERA Timepieces (www.eratimepieces.com) is a new luxury watch company that has taken haute horlogerie complications and made them accessible to the common man. And with various forms of cryptocurrency now spreading globally, Michael and his team have begun accepting forms of it as payment, making his company the first ever to receive two different types
Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
Caren Maio, cofounder of Nestio.Nestio Caren Maio does not back down from a challenge. After years of battling New York City’s rental market, which she describes as “the Wild West,” she entered the science, math, engineering and technology (STEM) fields to cofound her online real estate company, Nestio. With a background in sales and publishing for
SoftBank’s Vision Fund has poured billions of dollars into real estate technology, from its massive stake in co-working space provider WeWork to the hundreds of millions of dollars in online platforms Opendoor and Compass. The Vision Fund’s latest big bet is in another corner of the real estate market: storage. SoftBank said Wednesday it led
View Bitcoin witnessed an inverse head-and-shoulders breakout on Monday and rose to $4,000 yesterday, confirming a bullish reversal on the daily chart. The trend change is backed by a jump in trading volumes to levels last seen in May 2018. The rally, therefore, looks to have legs and December highs above $4,200 could come into
WASHINGTON — The Trump Administration’s decision to strip funds from the California high-speed rail project leads to a potentially dangerous politicized approach to financing infrastructure, sources said. On Tuesday, the Trump administration said it was terminating a $929 million dollar federal grant to the California High-Speed Rail Authority, according to a U.S. Department of Transportation