Home buyers are canceling purchase contracts. What to know before you do

Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the … Read more

‘I would not have been able to do it without him’: I built a property portfolio with 23 units while we were dating. How much should I give to my fiancé in our prenup?

I’m about to marry a wonderful man. I built an investment portfolio of 23 units while we were dating. Now we’re questioning how to create a prenuptial agreement. Over the years, I have identified, purchased, and managed a rental-property portfolio across three buildings. These were purchased with my money, and I’m the sole owner on … Read more

‘My friends and family say I’m rich.’ I’m 26 and make $100,000 a year living in St. Louis, where I pay $850 in rent. But I can’t afford to buy a home, and am losing money when I invest. Would hiring a financial adviser be a smart move?

Is a financial adviser needed if you feel overwhelmed about money? Getty Images/iStockphoto Question: I am a 26-year-old pharmacist earning approximately $100,000 a year — take home pay is about $5600 a month — living in St. Louis. I contribute 4% to my employer 401l(k), which is the maximum match. I currently have about $25,000 … Read more

Inside the $250 million penthouse on ‘Billionaires’ Row’

A penthouse atop the world’s tallest residential building − listed for $250 million − is marking the biggest test of the ultra-luxury real estate market at a time of falling sales and growing economic uncertainty. The three-story mega-home inside Central Park Tower, which spans more than 17,500 square feet, is the country’s most expensive listing. … Read more

Scott Knies talks downtown San Jose, Google, economic growth, COVID

Scott Knies has been involved in San Jose’s business and economic scene for decades, stints that have been marked by multiple firsts. In 1982, Knies became the first executive director of The Fencing Center, opening the sports club’s first two locations in downtown San Jose. Knies then served as the Alum Rock Business Association Manager … Read more

Boy George Hauls Eccentric Gothic Mansion in London Onto the Market

In London’s posh Hampstead, steps away from the neighborhood’s famous Heath—a sprawling 790-acre green space—a lavish and stately historic home belonging to pop star Boy George has hit the market for £17 million (US$19.2 million).  The eccentric space, which fuses Gothic and Italianate architecture, was built around 1868 and is Grade II listed, a historic … Read more

Even Fido Lives in Style at This Waterfront Compound Outside New York City

Listing of the Day Location: Middlebury, Connecticut Price: $5.75 million This waterfront compound on Lake Quassapaug offers a range of outbuildings, including a two-bedroom guesthouse, a boathouse with an office, a pool house with a kitchenette and a four-season dog house. “It’s a stunning compound,” said listing agent Jill S. Sloane, of Brown Harris Stevens. … Read more

Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

You can forgive Jeffrey Gundlach, a long-suffering Buffalo Bills fan, if he has the NFL on his mind now that the team he supports looks like the Super Bowl favorite. The chief executive of DoubleLine Capital says he recalls an ad for Crown Royal whisky, in which a referee tells drinkers to take a water … Read more

Stanford University unit grabs big Bay Area apartment complex

PALO ALTO — Stanford University has gained ownership of a big apartment complex in Palo Alto that’s next to the college through a byzantine array of transactions, public records indicate. Oak Creek Apartments located at 1600 Sand Hill Road in Palo Alto is the residential complex that’s at the center of a web of intricate … Read more