Real estate mogul Barbara Corcoran has proudly revealed a sneak peek inside her new $16 million Manhattan penthouse—while opening up about her plans to renovate the opulent space. The “Shark Tank” star, 76, announced plans for a city relocation earlier this year when she listed her longtime penthouse for $12 million, noting at the time … Read more
The largest active volcano in Oregon is being drilled into as part of an effort to create a cleaner energy source. Engineers are building a geothermal power plant that taps into the energy of the Newberry Volcano—the largest volcano in the Cascades volcanic arc. In 2026, the Texas-based startup Mazama Energy is set to start selling … Read more
While the national housing market continues to struggle with affordability constraints and elevated mortgage rates, the luxury segment is booming, and projected to reach a total value of more than $338 billion by 2030. The domestic residential real estate market is currently valued at roughly $289 billion, but over the next five years, it is expected … Read more
The Federal Reserve’s interest rate cut this week was widely expected, but Fed Chair Jerome Powell’s comments afterward included surprises that are poised to send mortgage rates higher. After Fed policymakers voted to cut the benchmark rate by a quarter point, Powell told reporters that another rate cut in December is “far from” certain, acknowledging … Read more
New York Attorney General Letitia James is set to be arraigned in Norfolk, VA, this morning after being charged with felony fraud and making false statements to a financial institution. James had been under investigation since May over a 2023 mortgage. The investigation looked into a loan she took out to help her niece buy … Read more