Homeownership among Black Americans drops to 4-year low

The homeownership rate among Black Americans fell to 43.9% in the second quarter of 2024, the lowest level since late 2021, according to Redfin. That was down from 45.3% a year earlier and marked the steepest annual decline since the third quarter of 2021. By comparison, the Hispanic homeownership r

Fannie Mae: Consumer housing sentiment slips in August

Americans grew slightly less confident about the housing market in August, as more consumers expressed concerns about job stability, selling conditions and future home prices, according to Fannie Mae’s monthly National Housing Survey. The agency’s Home Purchase Sentiment Index (HPSI) fell 0.4 points

Ivy League Universities Own Billions in Property—and Most of It Isn’t for Students 

Ivy League schools are known for educating presidents, billionaires, and Nobel Prize winners. But behind their ivy-covered walls lies a lesser-known empire: vast, tax-exempt real estate portfolios. Harvard’s $53 billion endowment exceeds the GDP of 124 countries. Columbia has spent $6.3 billion expa

Berkshire Hathaway Heir Is Pouring Millions Into Fight Against Gov. Newsom’s Redistricting Proposal

A Berkshire Hathaway heir is spending millions of his late's father's money to stop California Gov. Gavin Newsom's plan to "gerrymander" the state in favor of Democrats. "Gerrymanders are a cancer, and mid-decade gerrymanders are a metastasis," Charlie Munger Jr. wrote last week in an opinion piece