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.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
Jeremy Fox-Geen, the Chief Financial Officer at Circle, joins Cheddar for a one-on-one interview as the company's stock surges on its first day of trading.
A unanimous Supreme Court has made it easier to bring lawsuits over so-called reverse discrimination, siding with an Ohio woman who claims she didn’t get a job and was demoted because she's straight.
