Your Future Home hosts Baker Machado and Hope King discuss the biggest stories in the housing market. In a big move, Dell Founder Michael Dell has reportedly bought the most expensive apartment ever sold in Manhatten. The $100,470,000 penthouse is part of the One57 apartment complex on West 57th Street.
Plus, home sales fell in January by the highest level in over three years. According to the National Association of Realtors, U.S. sales of existing homes fell 3.2% last month, to a seasonally adjusted annual rate of 5.38 million.
And if you're on the fence about renting out your house on Airbnb, you may want to listen up. Some homeowners are now using rental income through Airbnb to refinance their mortgages. It's part of a new program by mortgage giant Fannie Mae designed to help more borrowers get better loans in today's tight mortgage market. Airbnb, which already tracks the income data, will now provide the documentation for a mortgage application.
The Toy Insider recently held its Holiday of Play event to display what items will be on your kids' lists for the upcoming holiday season. Michelle Castillo found some educational toys for under $50 and spoke with Laurie Schacht, chief toy officer of The Toy Insider, about what to look out for.
About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay.
Shares of U.K. chip designer Arm Holdings rose 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years.
