real estate

'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

China may chalk up more debt as lockdowns hit the economy

China may chalk up more debt as lockdowns hit the economy

Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. …

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Housing market improves as rising mortgage rates weigh on sales

Housing market improves as rising mortgage rates weigh on sales

A home is offered for sale in Chicago, Illinois. Scott Olson | Getty Images One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in …

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Inside the $23.5 million house that may break local California record

Inside the $23.5 million house that may break local California record

The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hit the market on May 14, and in doing so become the most expensive home ever up for sale in the town of Encinitas, …

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Why the UK economy is one of the most vulnerable right now

Why the UK economy is one of the most vulnerable right now

George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the UK that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its mortgage market is “heavily …

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Vacation rentals across Middle East look to capitalize on 'revenge tourism'

Vacation rentals across Middle East look to capitalize on ‘revenge tourism’

Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very …

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March existing home sales fall, median price sets new record

March existing home sales fall, median price sets new record

House “sold” sign Peoria, Illinois Daniel Acker | Bloomberg | Getty Images Sales of existing homes dropped 2.7% in March to a seasonally adjusted, annualized rate of 5.77 million units, according to the National Association of Realtors. February’s reading was also revised downward with a larger-than-usual tooth, from 6.02 million units to 5.93 million. March …

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Blackstone to buy American Campus Communities for nearly $13 billion

Blackstone to buy American Campus Communities for nearly $13 billion

Blackstone Group office in Luxemburg. Geert Vanden Wijngaert | Bloomberg | Getty Images Blackstone will buy American Campus Communities for $12.8 billion including debt, the student housing company said on Tuesday, as the world’s biggest alternative asset manager bets on rents rising after colleges reopen. ACC owns 166 properties across 71 university markets including Arizona …

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'The housing market faces an inflection point': Home-builder confidence declines as interest rates rise

‘The housing market faces an inflection point’: Home-builder confidence declines as interest rates rise

The numbers: The National Association of Home Builders’ monthly confidence index once again fell two points from the previous month to a reading of 77 in April, the trade group said Monday. The index remains at the lowest level since September. Nevertheless, index readings above 50 indicate that more builders believe that conditions are good …

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Homebuilder sentiment drops for fourth straight month

Homebuilder sentiment drops for fourth straight month

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable. Builder confidence in the market for …

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