Foreign buyers are slowly returning to the US housing market
CNN
Anyone who bought a home -- or tried to -- over the past couple of years knows it was rip-roaringly competitive. But it could have been worse. One group all but disappeared from the market during the pandemic: Foreign buyers.
But now foreign real estate investments are slowly coming back, according to a survey from the National Association of Realtors.
Travel restrictions during the pandemic barred prospective buyers from abroad from traveling to the US and shopping for homes. But with those restrictions falling away -- along with many Covid testing requirements -- foreign buyers have returned. Between April 2021 and March of this year, international buyers snatched up $59 billion worth of US residential properties. That was up 8.5% from the previous year, breaking a three-year streak of declines.
Netflix has triumphed in the bidding war for Warner Bros. and HBO.
When President Donald Trump introduced his “Liberation Day” tariffs in April, many economists predicted Americans would soon experience massive price increases. While inflation has ticked up in the eight months that passed, it’s been nowhere near levels initially projected.
President Donald Trump has repeatedly argued the affordability issue is an epic “scam” conjured up by Democrats.
Fancy cameras, giant screens and massive storage usually make smartphones more expensive. But next year, it’s a routine component that might be boosting prices: memory.
Taiwan’s government has ordered a one-year block of a popular, Chinese-owned social media app following its failure to cooperate with authorities over fraud-related concerns.
Netflix’s most recent offer, submitted on Thursday, valued the Warner Bros. studio, HBO Max streaming service and related parts of the company at around $28 per share, sources said.
It appears Meta may finally be ready to put the metaverse out of its misery.
A major congressional watchdog has opened an investigation into Federal Housing Finance Agency Director Bill Pulte, who has helped spark probes into several of President Donald Trump’s perceived political enemies, over possible misuse of authority.
The lawsuit, set to be filed in federal court in Washington, DC, names the Defense Department, Defense Secretary Pete Hegseth and the chief Pentagon spokesman, Sean Parnell, as defendants.
The “CBS Evening News” needs a new anchor — and soon.
President Donald Trump is pushing for an extension of soon-to-expire enhanced Obamacare subsidies – a key Democratic demand that Republicans fought fiercely and that was the basis for the longest-ever government shutdown.
The biggest event in New Zealand Thursday may have been the opening of a furniture store.
Even if you believe you haven’t yet been directly impacted by climate change, your wallet will feel its effects soon, according to a new study.