Money, Wealth & Power—A Daily Look at the Financial World
Donald Trump is not just living at Mar a Lago, he is actively reshaping the neighborhood around it. A Trump Organization owned house immediately next door has quietly come onto the ultra luxury rental market, turning the president’s private enclave into a test case for how far proximity to power can stretch Palm Beach prices….
President Donald J. Trump has moved to sharply curtail Wall Street’s role in the nation’s housing market, signing an executive order that targets large investors buying up single family homes. Framed as a defense of the American Dream, the order seeks to stop big financial firms from competing directly with families for starter houses and…
Pending home sales in the United States have just delivered the kind of jolt that forces everyone in housing to rethink their playbook. After a stretch of cautious optimism, the latest data show a sudden, steep pullback that caught economists, lenders, and real estate agents off guard. The shock is not only about the size…
In a city where power is usually measured in votes and committee assignments, a single real estate deal just reset the scoreboard. Washington Commanders owner Joshua Harris and his wife, Marjorie, have paid $28 million for Halcyon House in Georgetown, setting a new record for the most expensive home sale in Washington, DC. The price…
For generations, rural America promised cheaper homes and a lower cost of living than the nearest big city. That bargain is rapidly collapsing as prices in small towns and farm counties spike faster than in many urban cores, while wages and services lag behind. The result is a rural housing crunch that now rivals, and…
The fight over a $22,000 roof in Oklahoma has turned into a test case for how far an insurer can go in trimming storm claims before the state steps in. After a couple said State Farm offered to pay only a small slice of what contractors said it would cost to fix their home, the…
A routine property purchase turned into a financial disaster when a homebuyer was ordered to pay $1.1 million after backing out of a deal at the last moment. The case shows how a single careless decision in a hot housing market can trigger a chain of legal and financial consequences that lasts long after the…
President Donald Trump is trying to reset the housing market in one stroke, pairing a push for cheaper mortgages with a crackdown on Wall Street’s role in single-family homes. The new executive order is framed as a way to drive down borrowing costs for Main Street buyers while sidelining deep-pocketed rivals that have been bidding…
If home prices suddenly doubled, the windfall would not be spread evenly. States with high values and deep homeowner equity would see balance sheets explode, while others would watch from the sidelines. The biggest winners would be a familiar cast of coastal markets, but the pattern of who gains, and by how much, reveals where…
A luxury duplex on the Geist Reservoir in Indiana was supposed to be a showcase of waterfront living. Instead, it is now the subject of a court order that says the nearly $2.2 million structure must be torn down because the developer ignored homeowners association rules. The case has become a vivid example of what…