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 Department of Transportation is investigating a Delta Air Lines flight that was delayed with passengers trapped on a tarmac which led to some heat-related injuries during extreme temperatures in Las Vegas.
The Department of Transportation is investigating a Delta Air Lines flight where passengers were stuck in extreme heat while waiting on a flight on the tarmac.
Billionaire philanthropist MacKenzie Scott's first open call for grants yielded 6,353 applications from nonprofits — meaning candidates have at least a 4% chance of being selected for a $1 million grant.
Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month in a row, though fierce competition led to about one-third of homes selling for more than their list price.
