Drought conditions are worsening in the U.S., and that is having an outsized impact on the real estate that houses the internet. Data centers generate massive amounts of heat through their servers because of the enormous amount of power they use. Water is the cheapest and most common method used to cool the centers. related

An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images There are signs inflation may fall further in coming months, but housing threatens to mute any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in October from

Economists are predicting that soaring interest rates and falling prices will mark the end of the U.K.’s 13-year housing market boom, potentially leading to a house price crash. Matt Cardy | Getty Images News | Getty Images LONDON — The U.K. property market may be verging on a major downturn, with some market watchers warning

The public entrance to Trump Tower on Fifth Avenue in New York. Robert Alexander | Archive Photos | Getty Images A New York court Monday appointed retired Judge Barbara Jones to oversee some of the Trump Organization’s financial statements as part of a lawsuit alleging widespread fraud by former President Donald Trump, his businesses and

A Sheetz customer gets gasoline at a gas station in Plains, Pennsylvania, U.S. October 19, 2022.  Aimee Dilger | Reuters Americans grew more worried about inflation in the October, with fears emanating from an expected burst in gasoline prices, a Federal Reserve survey showed Monday. Inflation expectations for the year ahead rose to 5.9%, up

People shop for bread at a supermarket in Monterey Park, California on Oct. 19, 2022. Frederic J. Brown | Afp | Getty Images Inflation was cooler than expected in October, although household staples such as shelter, food and energy remained among the largest contributors to consumer prices still rising at a historically fast pace, the

It looks more like a project at NASA than a home construction site. Just outside Austin, Texas, massive machines are squeezing out 100 three- and four-bedroom homes, in the first major housing development to be 3D-printed on site. One of the nation’s largest homebuilders, Lennar, is partnering with ICON, a 3D printing company, to develop

A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged

Ridofranz | Istock | Getty Images We adamantly want to age in place, say experts. A recent AARP report shows that 85% of respondents 65 or older wish to stay in their current residences as long as possible. Retirement-focused financial advisors can help with both the financial and non-financial preparations to do so. “We’re often

A man enters a Bank of America branch in New York. Scott Mlyn | CNBC Mortgage rates rose again last week, throwing even more cold water on demand from both current homeowners and potential homebuyers. Weekly application volume fell 0.1% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. In October, just 16% of

A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity. Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage

Collin Madden, founding partner of GEM Real Estate Partners, walks through empty office space in a building they own that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May 14, 2021. Karen Ducey | Reuters A few things we know about corporate real estate: it’s a focus of cost-cutting for

A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images After more than two years of a historically lean housing market, listings are starting to rise − and swiftly. Active inventory nationally jumped 33.5% in October from the

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank had about 18,000 loans in its retail origination pipeline in

The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and

Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dropped back a little bit last week, but they’re still near a 22-year high. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)

Leaky homes and buildings are some of the greatest climate offenders, but a Dayton, Ohio-based start-up is making big gains in shoring up the problem. Aeroseal, which seals both air ducts and building envelopes, is now available across America and in 29 countries. Leaky airducts and walls are the single largest reason for wasted energy

In this article JPM MSFT INTU Follow your favorite stocksCREATE FREE ACCOUNT A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments. The bank is piloting a platform it

This week, the Federal Reserve will likely raise rates for the sixth consecutive time to combat inflation, which is still running at its fastest pace in nearly 40 years.  The U.S. central bank has already hiked its benchmark short-term rate 3 percentage points since March, including three straight 0.75 percentage point increases ahead of its

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up.

Mortgage demand fell last week to nearly half what it was a year ago, according to the Mortgage Bankers Association, as rates hit their highest level in 21 years. Overall, demand for mortgages is at the lowest level since 1997. Mortgage applications to purchase a home dropped 2% from the prior week and were 42%

A Coldwell Banker “Under Contract” sign stands outside a property in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% decline. Sales were

Many Australian borrowers are ahead on their mortgage repayments, and this should cushion them from a hard landing as interest rates rise, according to Shayne Elliott, chief executive officer at major Australian bank, ANZ.  The Reserve Bank of Australia has hiked the official cash rate six times in a row this year to 2.6%, forcing

In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT From credit cards to mortgages, it’s suddenly a lot more expensive to borrow money. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, with another rate hike likely on the way next week. “Borrowers are feeling

Former U.S. President Donald Trump throws caps as he attends a rally in Warren, Michigan, U.S., October 1, 2022. Dieu-nalio Chery | Reutersm Former President Donald Trump and related defendants are opposing New York Attorney General Letitia James’ call for an independent monitor to oversee the Trump Organization’s submission of financial statements to third parties

nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments.  Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from

Blocks of condominiums in Singapore. The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. Ore Huiying | Bloomberg | Getty Images SINGAPORE — The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. That’s because of

Leopatrizi | E+ | Getty Images Becoming a homeowner can be challenging enough under good circumstances. Add in higher mortgage rates, elevated home prices and unrelenting high inflation — i.e., the current home-buying environment — and it may feel decidedly unattainable. The average rate on a 30-year fixed-rate mortgage has been trending above 7% for

Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China’s central government is not likely to spend billions to save the struggling real