(CNN) Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with many more cities seeing double-digit price gains than in the first part of the year. The median single-family existing home price in the second quarter was $413,500 -- the first time this quarterly price has ever risen above $400,000, according to the latest quarterly report from the National Association of Realtors. Home prices for the quarter were up 14.2% from a year ago, slightly slower than the 15.4% year-over-year price increase experienced in the first quarter. A majority, 80%, of US metro areas saw double-digit home price increases last quarter, or 148 out of 185. That's up from 70% of cities in the first quarter. "Home prices have increased at a pace that far exceeds wage gains, especially for low- and middle-income workers," said Lawrence Yun, NAR's chief economist. Read More Together with rising mortgage … [Read more...] about Home prices hit a new record high in the second quarter
Earning from home ideas
Opendoor Labs, an online home buying platform, agreed on Monday to pay $62 million to the Federal Trade Commission to settle claims that it used misleading marketing practices to persuade people to sell their homes on the site. The company, which claims it allows homeowners to sell their homes more quickly than through a broker, deceived customers into offering their properties to Opendoor for less than they would have made on the market, the F.T.C. said Monday in a news release . The agency said Opendoor had presented home sellers with charts that showed they would make thousands of dollars more by selling their properties on the platform compared with in the traditional marketplace. Opendoor said in a statement on Monday that it disagreed with the F.T.C.’s allegations, which the company said were tied to its business activities from 2017 to 2019. “While we strongly disagree with the F.T.C.’s allegations, our decision to settle with the commission will allow us to … [Read more...] about Home buying firm settles deceptive marketing claims for $62 million.
It’s time to admit it: Prestige television is largely mediocre . It seems good while you’re watching it, but it’s smoke and mirrors—big-name streamers pour millions into new shows, causing style to be mistaken for substance. When you look back months later at a show you thought you enjoyed, can you still name more than three things you loved? Can you ascertain one reason you kept watching, other than, “Eh, I guess since I started it I should see what happens”? A League of Their Own is, remarkably, the antithesis of this “golden age” of televised deception. Remakes aren’t supposed to be good anymore. Ask the 47,000 think pieces about it that have been written in the last 10 years. Admittedly, Hollywood is devoid of new ideas, and would rather guarantee a return on their investments by frankensteining an old project with nothing new to say. But this new series is so surprisingly, refreshingly good. Amazon Prime’s serialized reboot of the beloved 1992 film about the … [Read more...] about The New ‘A League of Their Own’ Is the Rare Home-Run Reboot
This is a carousel. Use Next and Previous buttons to navigate 14 BOSTON (AP) — Vaughn Grissom was rounding third when it sank in. He had just cleared the Green Monster for his first big league hit, and he gave himself an emphatic clap before finishing his home run trot. “That was like a ‘We made it’ moment, I guess," the Braves' top prospect said after homering in his major league debut to help Atlanta beat the Boston Red Sox 8-4 on Wednesday night. “Like a ‘We did it’ type of feeling." Grissom homered onto Lansdowne Street and then singled and scored another run, and Marcell Ozuna hit a three-run homer to help Atlanta complete a two-game sweep. Kyle Wright earned his league-leading 14th win for the defending World Series champions, who arrived in Boston after losing four of five to the first-place Mets and are now seven games back in the NL East. “We had a rough weekend,” … [Read more...] about Prospect Grissom homers in debut, Braves beat Red Sox 8-4
SAN FRANCISCO — The young kings of Silicon Valley are dismounting their unicorns. They’re writing sentimental blog posts that outline their legacies. They’re expressing hope for their companies’ prospects. They’re quitting their jobs leading the startups they founded. In recent weeks, Ben Silbermann, a co-founder of digital pinboard service Pinterest, resigned as CEO; Joe Gebbia, a co-founder of home rental company Airbnb, announced his departure from the company’s leadership; and Apoorva Mehta, founder of grocery delivery app Instacart, said he would end his run as executive chair when the company went public, as soon as this year. The resignations signify the end of an era at these companies, which are among the most valuable and well-known to emerge from Silicon Valley in the past decade, and of the era they represent. In recent years, investors have dumped increasingly large sums of money into a group of highly valued startups known as unicorns, worth $1 billion or more, … [Read more...] about The Boy Bosses of Silicon Valley Are on Their Way Out
In January 2020, Glenn Youngkin, now the Republican governor of Virginia, got some welcome news. A complex corporate transaction had gone through at the Carlyle Group, the powerful private equity company that Youngkin led as co-chief executive. Under the deal, approved by the Carlyle board and code-named “Project Phoenix,” he began receiving $8.5 million worth of Carlyle stock, tax-free, according to court documents. The Project Phoenix payout came on top of $54 million in compensation Youngkin had received from Carlyle during the previous two years, regulatory records show. Youngkin retired from Carlyle on Sept. 30, 2020; he won the governor’s election in November 2021. Youngkin was not alone in receiving the 2020 windfall, according to the court documents. Eight other wealthy Carlyle officials received over $200 million worth of company shares in the deal, tax-free and paid for by the company. David M. Rubenstein, Carlyle’s billionaire founder and co-chairman, received … [Read more...] about An unusual deal gave Virginia Gov. Glenn Youngkin $8.5 million in stock. He paid $0 in tax on it.
Local Real Estate News Newly Listed Homes Open Houses Foreclosures Local Real Estate News We could not find any nearby So you want to look at some open houses for sale in Downers Grove this weekend? Good idea. An open house planned by the right realtor can help you in any number of ways. Open houses provide you information on how to list and show your own house and they can give you an idea of the quality of homes in an area before you waste too much time going house to house. Get pre-approved with 7806 Dalewood Parkway Woodridge, IL 60517 Price Size: Listed by: Steve Kranz, Kranz Real Estate,Inc. More info 325 Brentwood Place Downers Grove, IL 60515 Price Size: Listed by: Jeff Salhani, Remax Legends More info 4800 Pershing Avenue Downers Grove, IL 60515 Price Size: Listed by: Amy Kite, Keller Williams Infinity More info 5609 Walnut Avenue Downers … [Read more...] about Open Houses Downers Grove
0 Real Estate The fair market rent for a two-bedroom rental increased from the previous year. Local Data , Patch Staff Posted Reply DOWNERS GROVE, IL — Home prices in the United States have risen dramatically in large swaths of the country, but the same can't be said for all rentals. While rents for single-family homes have experienced big increases as renters and buyers compete for the same limited quantity of homes on the market, apartment rents haven't increased as swiftly. In Downers Grove, the fair market rent estimate for a one-bedroom rental property in ZIP code 60515 increased from $1,150 in fiscal year 2020 to $1,200 in fiscal year 2021, while a four-bedroom rental increased from $2,010 to $2,110. Fiscal year 2021 runs from October 2020 to the end of September 2021. The U.S. Department of Housing and Urban Development provides data for all U.S. communities on fair market rents, which are estimates of the … [Read more...] about See How Rents Have Changed In Downers Grove Area
close Video Kudlow rips Inflation Reduction Act amid inflation, recession concerns: 'Regulators' paradise' FOX Business host Larry Kudlow joined 'America's Newsroom' to discuss the status of inflation and why he considers the Democrats' spending bill 'paradise' for regulators. NEW You can now listen to Fox News articles! The Democrat-concocted Inflation Reduction Act (IRA) recalls 1996’s "The English Patient." Like the IRA, this film sounded alluring but proved bloated and disappointing. And, eventually, I fell in hate with the most overrated film in motion picture history. The Senate passed this legislative blazing wreck on Sunday -- 51-50. It bears the fingerprints of Democrat Senators Chuck Schumer of New York and Joe Manchin of West Virginia. Their 725-page ruin belies its billing, beginning with its fraudulent title. While Americans reel under 9.1 percent year-over-year inflation, IRA neglects the worst price surge since November … [Read more...] about The Inflation Reduction Act will ramp up inflation, oppress Americans and make them sick and poor
For roommates Andrew, Cam and David, life’s a circus. Really, though. Each makes a living juggling in the streets of Denver. You may have seen one of them on your daily work commute, stepping out onto the crosswalk at red lights to entertain motorists and passersby. Andrew Young and Cam Resch perform a few times a week at the Quebec Street and Martin Luther King Jr. Boulevard intersection, while David Forrey keeps things in the air at 1st Avenue and University Boulevard in Cherry Creek. They’ve got it down to a science: Dash out, perform a quick show, and then zip between cars to collect what tips they can before returning to the safety of the sidewalk once the light turns green. It’s a tricky game. If they’re out in traffic once the light has turned green, they could be fined for soliciting contributions from traveling vehicles. They also have to be careful not to obstruct pedestrian rights-of-way on the crosswalks — and look out for their own safety as well. None of them … [Read more...] about For these roommates, juggling in Denver’s streets is a way of life and a way to make a living