FOX Business Briefs 6/18
Amazon CEO says AI will allow the company to shrink its workforce; toy maker Hasbro cuts 3% of its global workforce; mortgage rates and economic uncertainty cut into La-Z-Boy’s business; Nissan unveils all-new third generation 2026 Leaf.
Controversial blue-state tax takes aim at wealthy homeowners
Barstool Sports founder Dave Portnoy warns against Rhode Island’s potential property tax that would target second luxury homes on ‘Varney & Co.’
Trump HUD secretary: Something different has to be done about home ownership
HUD Secretary Scott Turner weighs in on hurdles to President Donald Trump's 'big, beautiful bill' and department funding cuts on 'The Evening Edit.'
Bethenny Frankel sells her Connecticut mansion for nearly $8M after major renovation
Businesswoman and former "Real Housewives of New York" star Bethenny Frankel has parted ways with the $7.8 million home she owned in Connecticut.
Mortgage rates tick lower for second week in a row
The average rate on the 30-year fixed mortgage fell this week to 6.84%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.85%.
Small real estate investors reach record market share, now dominate 59% of investor purchases
Small real estate investors saw their foothold increase last year, with them making 59% of all investor home purchases in 2024, according to Realtor.com.
Real estate giants crack down on exclusive 'off-market' home listings in major shift for buyers
Zillow and Redfin are taking aim at listings for homes that have been publicly marketed prior to being entered into the MLS, taking steps to bar them from their respective platforms.
Home sellers face harsh new reality as listings hit record $698B value
A growing gap between sellers and buyers in the housing market indicates a coming shift as inventory in the U.S. reaches its highest level in five years.
The new Palm Beach? Jupiter, FL, is drawing luxury homebuyers
The South Florida town of Jupiter has become an increasingly popular place for wealthy individuals to buy homes in recent years, according to real estate experts.
Real estate tycoon rips Fed Chair Powell for doing 'more damage' to housing market
Cardone Capital CEO Grant Cardone criticized Fed Chair Jerome Powell's interest rate policies as he claims they're preventing Americans from buying homes.
Padel courts become the ultimate status symbol for wealthy homebuyers in luxury buildings
Luxury real estate developers are incorporating private padel courts as premium amenities in high-end residential buildings, attracting wealthy buyers willing to spend millions.
Padel courts become the ultimate status symbol for wealthy homebuyers
Real estate experts tell FOX Business why padel courts have become the sought-after amenity for wealthy homebuyers.
Cushman & Wakefield’s Bruce Mosler says NYC’s commercial real estate market is ‘remarkably strong’
Cushman & Wakefield Global Brokerage chairman Bruce Mosler provides his assessment of the commercial real estate market on ‘Mornings with Maria.’
Mortgage rates drop for first time in weeks, still hover near 7%
The average rate on the 30-year fixed mortgage fell this week to 6.85%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.89%.
US real estate market is about to see a shift, expert says
The U.S. real estate market is about to see a shift in the coming months, according to an industry expert.
Housings power dynamic is moving from sellers to buyers, expert says
ResiClub co-founder and editor-in-chief Lance Lambert addresses mounting concerns about the housing market on 'Making Money.'
Trump should do everything he can to cut out Jerome Powell: Real estate tycoon on new Bitcoin fund
Cardone Capital CEO Grant Cardone discusses the impact of President Donald Trump's 'big, beautiful bill,' Federal Reserve Chairman Jerome Powell's role in the U.S. housing crisis and the launch of his new Bitcoin fund.
Todd and Julie Chrisley to live in this southern state after presidential pardon
Todd and Julie Chrisley return to Nashville, Tennessee, after receiving pardons from President Donald Trump, settling back into their home and reuniting with family after prison release.
Issue that has ‘plagued’ US housing market could be coming to an end, expert says
Madison Ventures+ managing director Mitch Roschelle analyzes the latest data on the U.S. housing market during an appearance on ‘Varney & Co.’
Mortgage rates rise for third straight week, hover near 7%
The average rate on the 30-year fixed mortgage rose this week to 6.89%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.86%.