Author: josh
Older Americans may be trading in hustling for retirement, but that hasn’t stopped them from getting richer.Baby boomers now hold a record high of the United States’ wealth, Apollo chief economist Torsten Slok noted in a Sunday blog post, citing Federal Reserve data. Compared to 1989, when those over 70 years old held 19% of the wealth in the household sector, older Americans now own 31% of the wealth.That chunk of change is an outsized share compared to other generations. Baby boomers, who make up about 20% of the U.S. population, hold more than $85 trillion in assets, according to…
In This Article This article is presented by Connect Invest. Mid-term rentals—fully furnished rentals with contracts of anywhere between 30 days and nine months—were once seen as a very niche or experimental option for real estate investors. A new report is suggesting that they are becoming more and more mainstream, and a great way to mitigate some of the risks from rising vacancies in the traditional rental sector. The report, put together by Landing, reveals several intriguing facts about how investors currently perceive mid-term rentals. Most see them as having serious portfolio-expanding potential, with 93% of respondents saying they’re actively…
Season 5 of “Stranger Things” delivers a surprising roadmap for today’s real estate market. As conditions flip and competition tightens, the show’s focus on identity, trust and hyperlocal expertise mirrors exactly what helps agents stay visible when everything else feels a little Upside Down.
JPMorgan Chase CEO Jamie Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy.In an interview with Fox News’ Sunday Morning Futures, the head of the world’s biggest bank acknowledged businesses have been cautious about hiring lately but said it’s not related to AI and doubted that the technology will dramatically reduce jobs in the next year.“For the most part, AI is going to do great stuff for mankind, like tractors did, like fertilizers did, like vaccines did,” he said. “You know maybe one day we’ll be working less hard but having wonderful…
Nvidia CEO Jensen Huang said China has an AI infrastructure advantage over the U.S., namely in construction and energy. While the U.S. retains an edge on AI chips, he warned China can build large projects at staggering speeds. “If you want to build a data center here in the United States from breaking ground to standing up a AI supercomputer is probably about three years,” Huang told Center for Strategic and International Studies President John Hamre in late November. “They can build a hospital in a weekend.” The speed at which China can build infrastructure is just one of his…
An appraisal is a standard step in the home buying process that lenders use to determine a home’s value. It ensures the amount they’re lending aligns with what the property is actually worth. If the appraisal comes back under the purchase price, buyers might need to step in with extra cash to fill in the gap between the home’s actual value and the loan amount. But a higher-than-offer appraisal is almost always good news for buyers. When a home appraises high, it means the property is worth more than what you’re paying—giving you built-in equity before you even move in.…
Whether you’re packing up a three-bedroom house in Sacramento, CA, or a small apartment in Madison, WI, packing for a move doesn’t have to be a last-minute scramble. If you’ve got a month, you can spread the work out in a way that feels manageable, keeps your home livable, and helps you move into your new home with less stress and fewer “where did that go?” moments. This guide walks you through how to pack for a move in a month using a clear week-by-week schedule, room-by-room priorities, smart packing strategies, and time-saving hacks to get you on your way…
Whether you’re getting out of a two-bedroom house in Nashville or moving on from a studio apartment in Chicago, moving on an abbreviated timeline is stressful. But here’s the good news: packing for a move in a hurry is absolutely manageable when you prioritize the right things, cut decision-making to the bone, and use a few shortcuts. You don’t need a picture-perfect packing system. You need a system that gets you out the door on time with all your stuff safely packed. This guide walks you through how to pack for a move in a hurry, from your first ten…
Netflix’s $72 billion play for Warner Bros. is as much a bet on the future of artificial intelligence (AI) and chips as it is on movies and shows, according to a top Wall Street analyst, who said in an interview with Fortune the deal cannot be understood without looking at Google’s technology ambitions. Amid cries from the jilted Ellison family about a “tainted” sale process and indie producers and theater owners of the “death of Hollywood,” Melissa Otto, Head of Research at S&P Global Visible Alpha, sees a different game being played. Otto said she thinks the tech angle of…
In This Article This article is presented by Connect Invest. “Predictable” isn’t exactly the most exciting qualifier for a real estate market, but it’s the exact word that investors in the multifamily sector have been longing to hear for years. The era of huge market upheavals brought by the pandemic seems to be finally, truly over, with rent growth and supply-and-demand balance returning to pre-pandemic patterns. It can be difficult to accept, but the fact is that the 2% rent growth rate by 2027—a prediction from Yardi Matrix executives Jeff Adler and Paul Fiorilla—is in line with normal, pre-pandemic rates.…