[ad_1] CNN — More than $60 billion may have been paid out in fraudulent unemployment insurance benefits during the Covid-19 pandemic, according to a report released Monday by the US Government Accountability Office. The watchdog agency, however, warned that the estimate has limitations and should be interpreted with caution. The …
Read More »Germany plans to destroy this town for a coal mine. Thousands are gathering to stop it
[ad_1] CNN — It’s a stark image in 2023: Police in riot gear flooding a village, pulling people out of houses and tearing down structures to make way for the arrival of excavating machines to access the rich seam of coal beneath the ground. Since Wednesday, as rain and winds …
Read More »NYC mayor cites slower economic growth spurred by high office vacancy, cost of migrant crisis and health care, in budget address
[ad_1] CNN — New York City Mayor Eric Adams unveiled the state of the city’s economic outlook as part of a $102.7 billion budget proposal for 2024 on Thursday, highlighting slow economic growth despite spikes in tourism and jobs. Adams touted investments that will be made into public safety and …
Read More »Wells Fargo is retreating from the mortgage market it once led
[ad_1] New York CNN — Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and minority homebuyers instead of acquiring new customers. Wells …
Read More »Mortgage rates start 2023 twice as high as they were a year ago
[ad_1] Washington, DC CNN — Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42% the week before, according to Freddie Mac. A year …
Read More »Sales of Manhattan apartments nosedived at the end of 2022
[ad_1] Washington, DC CNN — It is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. The frenzy to buy apartments in Manhattan took off in 2021 as the city bounced back from the worst of the pandemic. But it nosedived …
Read More »‘We’re trapped’: Britons in homes with unsafe cladding see no way out as living costs soar
[ad_1] London CNN — In May 2017, Sophie Bichener did what many in their twenties are unable to do: buy a home. She paid around £230,000 (around $295,000 at the time) for her two-bedroom apartment in a high-rise building in a town north of London, where a train could get …
Read More »Buffalo pastors rescued more than 100 people and housed them in his church during historic blizzard
[ad_1] CNN — Al and Vivian Robinson added more than 100 people to their family in the last few days – all thanks to the couple’s kindness in the face of a deadly storm. The couple, both pastors at Spirit of Truth Urban Ministry in Buffalo, New York, rescued and …
Read More »New home sales rose in November, defying expectations
[ad_1] Washington, DC CNN — New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a …
Read More »Inside a Malibu mansion on sale for $58.8 million
[ad_1] This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. At 16,600 square feet, it’s the grandest single-structure residence in town and a whopping 4,100 square feet bigger than the next-largest home on the market. The Bali-inspired residence at 11870 Ellice Street, …
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