Gary Beasley, CEO and co-founder of home-buying marketplace Roofstock, discusses the impact tax reform will have on the real estate market.
Overall, analysts expect the tax plan to have a positive influence on the housing market, driving costs down. Beasley anticipates both homebuyers and renters will benefit, which will allow companies like Roofstock, HomeAway, and Airbnb to find success.
Beasley also weighs in on the future of cryptocurrency in the real estate market.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
