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.
Stocks rose at the opening bell as the market awaits updates on inflation data while earnings kick off this week for the second quarter. The Federal Reserve is also slated to meet later this month as investors anxiously await its decision on rates.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The railroad industry has sued to block a new minimum crew-size requirement that Ohio imposed after a fiery train derailment in East Palestine in February.
The company that owned a submersible that imploded on its way to explore the wreck of the Titanic, killing all five onboard, said Thursday it has suspended operations.
