Author: josh
A homebuyer on a $3,000 budget has gained $26,000 since last year as mortgage rates drop to the low-6% range. But pending home sales are still slipping. The daily average mortgage rate dropped to 6.17% this week, near the lowest level in three years. Lower mortgage rates are curbing growth in monthly mortgage payments; the typical U.S. monthly payment is $2,556, up 0.6% year over year, the smallest increase in three months. A homebuyer on a $3,000 budget can afford a $473,750 home at today’s mortgage rate, compared to the $447,750 home they could have bought one year ago, when…
Dave:Last week I spent an entire episode laying out that I think we are in a market correction. We’re not in a crash, but we’re in a period where home prices may go down, they may stay stagnant. And I hope that was a helpful conversation for ever to just to have realistic expectations for what to expect over the next couple of years. So today we’re going to shift that conversation from just data and background towards what you can actually do about it. In today’s episode, I’m joined by Kathy Fettke and Henry Washington to pressure test the…
Half (51%) of the executive positions (vice president and above) in the U.S. are women. Globally, it’s 48%. Women also make up nearly half of the board and 50% of CEO Tony Capuano’s direct reports. That’s in stark contrast with the market average. Per McKinsey’s 2024 “Women in the Workplace” report, women hold just 29% of C-suite roles and 34% of vice president positions. The Conference Board found that women accounted for only 29% of board seats at the Russell 3000 as of 2024. Something different is happening at Marriott, an honoree on this year’s Fortune Best Workplaces for Women™…
When Steve Jobs needed glass screens for the first iPhone in 2007, he didn’t just place an order with Corning. He challenged its CEO to confront his own fears about not being able to produce enough. Wendell Weeks, who has led the 175-year-old glass and materials science company for two decades, recently recounted the pivotal conversation that helped define Apple’s most successful product. Speaking on Fortune‘s “Leadership Next” podcast with hosts Diane Brady and Kristin Stoller, Weeks revealed how Jobs manipulated him into taking on what seemed like an impossible task. The story began after Weeks initially pitched Jobs on…
Revive’s model focuses on assisting listing agents and their clients with pre-sale renovations meant to increase market visibility and generate a return upon sale. The company coordinates with vendors, helps sellers understand the process and provides agents with an effective marketing partner.
As a first-time homebuyer, it can feel like there’s endless information about how to buy a home. You’ve probably heard advice about how much you need for a down payment, what credit score qualifies you for a mortgage, or whether it’s better to keep renting instead. It’s possible these home buying myths may be holding you back from becoming a homeowner. In this Redfin article, we’ll debunk 11 common first-time homebuying myths so you can see what’s really standing between you and homeownership. Whether you’re looking at homes in Nashville, TN, or a condo in Chicago, IL, here’s the truth…
Tesla’s Q3 2025 update reports record vehicle deliveries and record energy storage deployments, alongside higher revenue, but earnings pressure persisted due to margin headwinds and a likely pull-forward of demand before U.S. EV tax credits expired in September. Shares dipped about 1.4% in after-hours trading as investors appeared to brace for softer demand through the remainder of the year. CEO Elon Musk is expected to give more detail on the company’s quarterly earnings call at 5:30 p.m. Eastern time. Q3 results Tesla delivered 497,099 vehicles in Q3 2025, a new quarterly record, with total production at 447,450 units, reflecting inventory…
Key takeaways: If you have the means, now may be a good time to buy a house. Mortgage rates dropped again, continuing their long-term improvement and offering homebuyers a window of affordability. It’s a buyer’s market – there are over 500,000 more home sellers than buyers – giving homebuyers leverage. Still, most consumers are wary due to high house prices, a slow job market, and broad economic uncertainty, leading to a slow housing market. The seasons may be changing, but the housing market isn’t. After an unusually slow spring and summer, the same sluggish trends are persisting into fall: fewer…
Reddit investors are still chasing the high of locking in and driving up GameStop stock four years ago. This time, their meme stock of choice is Beyond Meat. The company behind the plant-based meat you briefly glance at before settling for cheaper ground chuck is the focus of another social-media-driven short squeeze that has helped push the stock up ~250% this week, alongside news of an expanded distribution deal with Walmart. The stock pop was spurred by Dubai-based real estate developer Dimitri Semenikhin, who goes by Capybara Stocks on social media. His original Reddit post hyping up Beyond Meat was removed, but…
The U.S. national debt has surged past $38 trillion, according to the U.S. Treasury Department, just two months after surpassing previous forecasts to reach $37 trillion in August. This means the federal debt rose by $1 trillion in a little over two months, which the Peter G. Peterson Foundation calculates is the fastest rate of growth outside the pandemic. Michael A. Peterson, CEO of the nonpartisan watchdog dedicated to fiscal sustainability, said this landmark is “the latest troubling sign that lawmakers are not meeting their basic fiscal duties.” In a statement provided to Fortune, Peterson said that “if it seems…