A recent ruling by Judge Arthur Engoron has mandated that the Trump Organization must disclose any attempts to secure an appeal bond to court-appointed financial monitor, Barbara Jones. This decision comes in the midst of Donald Trump’s legal battle regarding a civil business fraud case. Trump’s legal team has faced significant hurdles in procuring the
Real Estate
In February, sales of existing homes skyrocketed by 9.5%, reaching a total of 4.38 million units on a seasonally adjusted annualized basis. This increase caught many housing analysts off guard, as they were expecting a slight decrease in sales. While sales were down by 3.3% compared to the previous year, this jump marked the most
It was recently revealed that insurance giant Chubb was in talks with Donald Trump and his co-defendants for a $464 million appeal bond in the former president’s civil fraud case. However, the company decided to back out of the agreement. This decision came as a surprise after Chubb had previously given Trump a bond in
The gap between the rate of inflation and the increase in home prices over the past 60 years has widened significantly. While inflation has risen 10 times since 1963, home prices have surged by a staggering 24 times, as reported by a recent study. This stark contrast highlights the challenges faced by prospective homebuyers in
President Joe Biden is set to make a visit to the battleground state of Nevada to address the issue of high rents, which the White House believes are being artificially inflated by corporate landlords. This move is part of Biden’s strategy to shift the blame for the rising cost of living away from his administration
In recent years, artificial intelligence has made its way into the architecture industry, particularly in the realm of housing design. One groundbreaking example of this innovation is Vitruvius, an AI program developed by ICON, the company behind the first fully 3D-printed housing developments in the U.S. Vitruvius aims to revolutionize the way consumers design custom
The Federal Reserve is expected to maintain interest rates following its two-day meeting, despite speculation that rate cuts are on the horizon. The rate hike cycle implemented by the Fed in 2022 and the first half of 2023 resulted in elevated consumer borrowing rates and increased inflation, placing significant pressure on households. Credit scoring company
Donald Trump is facing a tough financial situation as his lawyers have indicated that he does not have enough cash to obtain an appeal bond to prevent New York’s attorney general from seizing his real estate assets. This comes after a civil fraud judgment of $454 million was issued against him. Trump’s legal team has
As the season of Spring approaches, the real estate market is gearing up for increased activity in home buying and selling. Data from Redfin shows a significant rebound in available housing supply, with a 14.8% jump in new listings from a year ago. This surge in listings marks the largest annual gain since May 2021,