The share of homebuilders offering price cuts on newly built homes reached a new five-year high in November, as builders grappled with headwinds from economic uncertainty. This month, 41% of builders reported cutting prices, a record high in the post-Covid period, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday. The … Read more
On-screen icon Leonardo DiCaprio is taking bold measures in his bid to offload one of his many properties—by slashing more than $3 million from the price of his listed Malibu mansion just three months after it was listed. DiCaprio, 50, originally put the “rare and special” waterfront dwelling on the market in July—hedging his bets … Read more
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more