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Category: Real Estate

Inside a $218 million private island in Palm Beach, Florida

Inside a $218 million private island in Palm Beach, Florida

A private island in Palm Beach could become the most-expensive home ever sold in Florida, if it gets its asking price of $218 million. Developer Todd Michael Glaser and his partners bought 10 Tarpon Isle — the only private island in Palm Beach — for $85 …
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Thinking of moving to a tax-advantaged state? Take these steps

Thinking of moving to a tax-advantaged state? Take these steps

Mireya Acierto | Photodisc | Getty Images It’s not unusual for wealthy taxpayers to relocate from high-tax states to low-tax states. There’s evidence in population trends: Texas and Florida — neither of which have a state income tax — were the states with the biggest population …
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Here are 4 key things investors should consider during volatile times

Here are 4 key things investors should consider during volatile times

Dima_sidelnikov | Istock | Getty Images Recent headlines underscore the fragility of the stock market and, along with it, the ability for many investors to make reasonable decisions about their retirement readiness. Many who recall the violent reaction their portfolios had in the Dot Com Bubble …
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LA mansion for sale faces April 1 tax deadline

LA mansion for sale faces April 1 tax deadline

The owner of this over-the-top, seven-bedroom and 11-bath mansion in Los Angeles is prepared to accept $6 million less than what he paid for it less than two years ago — all to beat a ticking clock. The home features a Kobe Bryant-themed basketball court, car …
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What the Fed’s 25 basis point interest rate hike means for you

What the Fed’s 25 basis point interest rate hike means for you

What the federal funds rate means to you “The bank problems are probably making a lot of people think twice,” said Diana Furchtgott-Roth, an economics professor at George Washington University and former chief economist at the Department of Labor. “People are not as confident,” she said, referring to …
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Mortgage demand increases again, but interest rates are rising

Mortgage demand increases again, but interest rates are rising

A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand has increased for three straight weeks now, as interest rates dropped in response to the recent bank failures. But rates are rising …
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Federal Reserve expected to hike rates again. What that means for you

Federal Reserve expected to hike rates again. What that means for you

Rate hikes, one year later For its part, the Fed has already hiked its benchmark fund rate eight times over the last year to its current level of between 4.5% and 4.75%. The federal funds rate, which is set by the central bank, is the interest …
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Home sales spike in February, median price drops

Home sales spike in February, median price drops

Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly gain in 12 months and the …
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What happens during a ‘credit crunch’ and how you can prepare for one

What happens during a ‘credit crunch’ and how you can prepare for one

Tetra Images | Tetra Images | Getty Images The recent banking crisis has fueled concern of a “credit crunch” and the resulting negative impact on households, businesses and the U.S. economy. But what is a credit crunch and how might you prepare? Loans would be tougher …
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Mortgage giant Fannie Mae tackles climate risk

Mortgage giant Fannie Mae tackles climate risk

Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S. housing market, which just saw unprecedented snow and flooding in …
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