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Posts published in “Uncategorized”

DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M

What a difference a few months makes. Since the implosion and bankruptcy filing of the cryptocurrency exchange FTX in November, its founder Sam Bankman-Fried has experienced some dramatic life changes—as have those closest to him. A prime example? The listing of a townhouse in Washington, DC, that was purchased in April 2022 by Guardians Against

Despite an Ever-Widening Housing Shortage, Builders Are Slowing Their Pace of New Construction

Despite a decades-old housing shortage exacerbating an affordability crisis in the rental and for-sale markets, housing starts are expected to fall to about 744,000 single-family homes in 2023 as builders slow their pace of development. Builders are currently facing a deficit of about 1.5 million homes, but demand is dwindling in the wake of soaring

S&P 500 closes higher on Wednesday, Nasdaq adds 2% as investors look past Fed’s rate hike

Stocks close higher Wednesday after Fed meetingThe major averages settled higher following the Federal Reserve's latest policy meeting. The Dow Jones Industrial Average rose 6.92 points, or 0.02% to 34,092.96. The S&P 500 gained 1.05% to 4,119.21, reversing an early decline of almost 1%. Meanwhile, the Nasdaq Composite added 2% to 11,816.32. — Sarah MinNow…