Solar panels create electricity on the roof of a house in Rockport, Massachusetts, U.S., June 6, 2022. Picture taken with a drone. Brian Snyder | Reuters When Josh Hurwitz decided to put solar power on his Connecticut house, he had three big reasons: To cut his carbon footprint, to eventually store electricity in a solar-powered
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A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Homebuilders were less confident about their business in December, but they are starting to see potential green shoots. Builder sentiment in the single-family housing market dropped 2 points to 31 in December on the National Association
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, named the Kaizen House after a
A ‘For Rent’ sign in front of a building on December 06, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images Rents for both single-family homes and apartments are still rising, but at a far slower pace, as inflation squeezes consumers and landlords lose pricing power. Rent growth in November slowed for the 10th
Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume, however, was still
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units housing analysts had predicted, and it was a much deeper fall than usual monthly declines. Sales were down 35.4% year
Demand for rural properties has dropped in the U.K. Geography Photos / Contributor / Getty Images Demand for rural homes in Britain dropped as the pandemic trend of relocating to the countryside faded, according to real estate website Zoopla. Enquiries for properties in areas of Kent, known as the Garden of England for its rolling
The Federal Reserve, over its more than centurylong existence, has emerged as a leading force in the stock market. This stature was bolstered by the central bank’s adoption of two unconventional policy tools in the 2000s – large-scale asset purchases and forward guidance. Large-scale asset purchases refer to the Fed’s emergency buying of government debt
Bitcoin (BTC) price action may be “unsustainably high,” as one metric hits its highest levels in seven months. Data from on-chain analytics firm Glassnode confirms that on Dec. 21, Bitcoin’s network value to transaction (NVT) signal reached levels not seen since April. Bitcoin activity may not support $17,000 BTC price Created by statistician Willy Woo,
Are crypto traders playing “god?” The world of cryptocurrency trading can be highly uncertain, yet many are actively looking for opportunities and have built fortunes around the crypto market. To be really good in crypto, you need to be able to identify promising projects in their infancy and time your exit from the market before
Despite the gloom of the ongoing cryptocurrency winter, coupled with the failures of crypto giants like FTX, the community appears to remain bullish on crypto, according to a new survey. Crypto markets saw a massive sell-off in 2022, with the total market capitalization plummeting nearly 70% since Bitcoin (BTC) reached its all-time high at $69,000
Owning assets in a video game seems like a pretty natural concept, so why have so many gamers in the U.S. rejected NFTs outright? Yat Siu, co-founder of Animoca: I think the reason why so many in the West, particularly in the U.S., are rejecting NFTs is not because of the fact that NFTs give
It has been a tumultuous year for the crypto investors who have witnessed the total crypto market capitalization tumble from about $2.2 trillion at the beginning of 2022 to about $850 billion in December. The sharp erosion in valuation was caused due to several high-profile bankruptcies in 2022. The entire Terra ecosystem imploded with the
Bitcoin (BTC) fell at the Dec. 22 Wall Street open as United States equities reversed previous gains. Bitcoin risks new and unseen “death cross” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to intraday lows of $16,650 on Bitstamp. The pair remained a conspicuous stocks copycat as the S&P 500 opened down 1.6%
A United State bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund it amid liquidity issues. Core Scientific is one of the largest cryptocurrency mining companies in the United States, but it filed for Chapter 11 bankruptcy on Dec. 21 as a result
Crypto Twitter has seemingly taken issue with Sam Bankman-Fried’s $250 million bail bond, which allows him to spend Christmas in his parent’s Palo Alto home without paying a single dime upfront. The former FTX CEO arrived in New York from the Bahamas on Dec. 21 and appeared in court on Dec. 22, where he was
Cryptocurrencies like Bitcoin (BTC) could potentially find some mutually beneficial interactions with central bank digital currencies (CBDCs), according to one industry executive. While crypto is often associated with financial freedom, the concept of CBDC is frequently seen as the exact opposite. But this doesn’t mean that there cannot be a balance between the two, according
Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others. What were the most-searched cryptocurrencies in 2022? Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders
Municipals were weaker in spots Wednesday as outflows from mutual funds intensified. U.S. Treasury yields fell, and equities ended higher. The three-year muni-UST ratio was at 62%, the five-year at 66%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the three at 63%,
Sen. Pat Toomey, R-Pa., introduced legislation Wednesday that would eliminate more than half of the regional Federal Reserve banks and subject the remaining banks to additional federal rules and restrictions. The bill, titled the Federal Reserve Accountability Act, would reduce the number of regional Federal Reserve banks from 12 to five; require bank presidents to