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USA Property

Nashville’s property values see a startling, record-high 45% jump

How can Nashville area balance low taxes, growth and quality services?The 14-county region in the Nashville area grew by more than 3,000 people a month from 2010 to 2020. This growth brings opportunities and challenges.WochitThe average is the result of the latest four-year reappraisal cycle.This is the second time since 2017 that Nashville has set a record-high increase in property values.From here, Nashvillians will wait for the state to establish the certified tax rate and for the Metro Nashville Council to set the local property tax rate to determine their...
Upcoming Investments

CPP Investments sells portfolio of private equity fund interests

TORONTO — The Canada Pension Plan Investment Board says it has sold a portfolio of 25 private equity fund interests in North American and European buyout funds for $1.2 billion in net proceeds.The board says the buyers are Ares Management Private Equity Secondaries funds and CVC Secondary Partners, the secondaries business of CVC.Ares is a global alternative investment manager, while CVC is a global private markets manager focused on private equity, secondaries, credit and infrastructure.The portfolio sold included primary commitments and secondary purchases made by CPP Investments in funds over...
USA Property

Zillow takes a stand as real estate listings become more private

Some industry participants call this the policy that the National Association of Realtors should have put out.Protect yourself from these common real estate scamsReal estate scams are on the rise. Here’s how to protect your home and your wallet from the most common cons.A battle over how homeowners list their properties for sale is shaking up the housing industry, with big implications for sellers and buyers.On April 10, the massive real estate company Zillow announced it would not accept any listings that have been previously offered for sale in a...
Currencies

why a selloff is worrying Wall Street

President Trump’s tariff regime has rocked investor confidence in what has long been considered not only a safe bet for investors, but a bedrock of the American economy: US Treasury bonds. The longstanding perception that Treasurys are a “risk-free” place to park money — a perception that has long been crucial for the US government, businesses and consumers alike to keep borrowing costs low — is being eroded as Wall Street struggles to make sense of Trump’s strategy, according to experts. “Put simply, the US long-bond rate — the Treasury...
USA Property

Real estate is red hot in Upstate NY: Homes are selling faster than in much of US

Multiple Upstate New York counties were among the fastest places to sell a home nationwide in February, according to new data.Three counties in the region were in the top 50 in the U.S. for median number of days on market for single-family homes, according to figures from Redfin, a national real estate brokerage. The data includes 697 counties with at least 50 home sales for February, which was the most recent month available.Monroe County (Rochester) was No. 1 in New York and tied for fourth in the nation with a...
Upcoming Investments

Here’s what financial advisers say you should do with your investments

Wall Street’s main benchmark, the S&P 500, has lost more than 16 percent since setting an all-time high on Feb. 19, mostly because of worries about President Donald Trump’s tariffs.Any kind of uncertainty around the economy will give Wall Street pause, but the trade war is making it more difficult for companies, households and others to feel confident enough to invest, spend and make long-term plans.The tariffs announced on “Liberation Day” sent stocks reeling to their worst day since since the COVID crash of 2020 because they were much harsher...
Stock Market

How RI’s public companies are faring in the stock market freefall

Where does the money generated from tariffs go?The Trump administration predicts tariffs will generate billions of dollars, but where will that money go?Aerospace and defense manufacturer Textron lost the most ground in the sell-off.CVS may be the best positioned to weather a recession.Companies across industries saw earnings prospects sink on downturn fears.It's been a tough week on Wall Street and Rhode Island's biggest publicly traded companies have not been spared in one of the worst market sell-offs in years.The 10 largest publicly traded companies all saw their stock price fall...
USA Property

Homeowners have new options on how to list for sale. Who benefits?

Trump's Tariffs could see iPhone prices jumpDue to President Donald Trump's new import tariffs, the price of the iPhone could rise by up to 43% in the U.S.unbranded - NewsworthyCorrections & Clarifications: The story has been updated throughout to include, correct and clarify nuances of the industry and to correct an error. The National Association of Realtors location was misstated in an earlier version of the story. NAR is based in Chicago. A new policy clarifying how homeowners may list their properties for sale may instead sow confusion and friction in...
Currencies

Asian stocks slide after Wall Street surrenders to a hit by Trump’s tariffs

HONG KONG -- Asian shares slid further Friday after U.S. President Donald Trump's tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” set of tariffs,’ which economists say carries the risk of a potentially toxic mix of weakening economic...
Stock Market

Wall Street rises in jittery day ahead of Trump tariff announcement

By STAN CHOE, AP Business WriterNEW YORK (AP) — U.S. stocks whipped through another dizzying day Wednesday in the final hours before President Donald Trump’s unveiling of the tariffs promised as part of his “ Liberation Day,” which could drastically remake the global economy.The S&P 500 rose 0.7%, but only after careening between an earlier loss of 1.1% and a later gain of 1.1%. It’s had a pattern this week of opening with sharp drops only to finish the day higher.The Dow Jones Industrial Average added 235 points, or 0.6%, and the Nasdaq composite climbed 0.9%. Both also...
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