Author: josh
Ever since AI supplanted crypto as the shiny new toy in Silicon Valley, there’s been no shortage of jokes about workers jumping ship. New data from prominent venture capital firm Andreessen Horowitz (commonly referred to as a16z) shows that the truth is more complicated. In its annual state of crypto report released on Wednesday, a16z found that since the launch of ChatGPT in November 2022, around 1,000 workers left the crypto industry for AI startups. But, in that same time period, blockchain companies gained the same number of employees from other industries, including traditional finance and tech. “People forget that…
Key takeaways: It’s a good time to sell your house if you price correctly and are open to negotiation. Mortgage rates continue to fall, opening the door for some priced-out buyers to re-enter the market. There are far more home sellers than buyers, tipping the scales toward buyers – but sellers can still get competitive offers. Selling now could help you avoid potential price swings if the economy moves toward recession or inflation. If you’re thinking about selling your home, you’re not alone. But with today’s near-record housing costs keeping everyone on the sidelines, it’s natural to wonder if…
In This Article Virtual staging, once a real estate novelty, has unfurled like a magic carpet over the investment landscape, beckoning us all to an imaginary world of HGTV-design make-believe. On a practical level, the advantages of replacing the cost of transporting furniture, assembling it, and renting it for weeks on end with a few clicks of a mouse can’t be overstated. This is a game-changer for flippers and landlords, aware that most houses are viewed online first by 43% of those polled by the National Association of Realtors (NAR) in 2024, with 41% looking at photos first. And HousingWire…
The U.S. housing market finally favors homebuyers, but few can afford it It’s a buyer’s market, meaning buyers have the upper hand. Following the pandemic-fueled seller’s market in 2021, sellers now outnumber buyers by over 500,000 – or 37% – due to two years of rising mortgage rates and home prices. Affordability remains the sticking point for everyone, though: Most buyers can’t afford a home, which is leading to fewer sales, deterring home sellers, and slowing down an already sluggish market. You can see this in the data: Over the past six months, prices have risen while demand has dropped…
More than 700,000 federal employees are going without pay as the government shutdown moves into its fourth week. A group of 70,000 law enforcement officers is one of the exceptions. Customs and Border Protection border patrol agents, Immigration and Customs Enforcement deportation officers, Secret Service Special Agents, and Transportation Security Administration air marshals will continue to be paid during the ongoing shutdown, a Department of Homeland Security spokesperson confirmed to Fortune. Homeland Security Secretary Kristi Noem outlined on social media last week these personnel will receive “super checks” by Wednesday covering their next pay period, as well as lost wages…
When Vanna Krantz reflects on her career—from the early grind of New York’s financial sector to helping take Grindr public—she’s quick to credit a series of “lucky breaks.” But luck, in her telling, isn’t passive. It’s what happens when preparation meets conviction—and when leaders are willing to bet on themselves. “I think having a few breaks is important,” says Krantz, who stepped down from her CFO role this month but is still serving in an advisory role at Grindr. “I think I can show a lot of passion, and I give people the sense that I’m here to get this…
In This Article This article is presented by TurboTenant. When I bought my first rental property, I did everything myself: tenant screening, showings, lease preparation, and even bookkeeping. At tax time, I’d stay up late, buried in receipts, scanning through bank statements, and manually filling in spreadsheets. My desk was a mess of receipts, and my filing cabinet was filled with folders of documents, more receipts, and leases. For the first few properties, I managed to stay pretty organized. But as my portfolio grew, bookkeeping started to take over my life. What used to be a few hours of data…
In This Article When the federal government came to a screeching halt on Oct. 1, the government shutdown left ugly marks on the real estate industry, particularly rental markets. States like Florida, Delaware, Arizona, Hawaii, and Nevada rely heavily on real estate as the lifeblood of their local economies. The shutdown began when Congress failed to pass a funding bill, forcing federal agencies to partially close, which has decimated the operation of housing programs that rely on them. With the shutdown now surpassing the two-week mark, essential functions such as loan processing by the FHA, VA, and USDA have slowed…
A $133 million Florida compound is the highest-priced sale so far this year Coastal Florida takes the cake for the most expensive home sale of 2025 so far, with a beachfront compound in Naples going for $133 million. It’s followed by two Los Angeles estates, each fetching $110 million. Every home on this year’s top 10 list has sold for $60 million or more; Florida and California dominated the list. The Sunshine State and the Golden State have long been ultra-luxury hotspots. In total, Los Angeles and coastal Florida account for seven of the ten most expensive sales this year.…
When Rani Johnson joined Workday as chief information officer in March 2023, her appointment happened to coincide with some monumental generative artificial intelligence milestones, including the debut of Anthropic’s Claude and the rollout of OpenAI’s GPT-4. Amid all the buzzy attention on generative AI and the hunt to produce both top- and bottom-line gains from the deployment of these fast-developing tools, Workday wanted to be thoughtful about how it would budget the business software company’s AI investments. A close partnership was forged between IT and finance, the latter led by Chief Financial Officer Zane Rowe, who joined Workday just three…