Monaco F1 Grand Prix Sparks Local Property Frenzy

The world's wealthiest property hunters descended on Monaco during the recent Formula One Grand Prix weekend, sending real estate searches soaring and helping drive the city-state's housing market to new record highs. Luxury property marketplace JamesEdition reported a fivefold increase in searches for Monaco real estate during the race weekend, underscoring how the Principality's signature events continue...

Lawsuit claims Xactus, Equifax, others violated Fair Credit Reporting Act

A plaintiff in California is claiming that Xactus and Equifax did not conduct a “reasonable” investigation into claims of identity theft, which harmed her credit and violated the Fair Credit Reporting Act.  The suit was filed in late May in the Superior Court of San Bernardino County, California, by plaintiff Junnan Guo, who is representing herself pro se. It names Xactus and Equifax, as well as...

Supreme Court ruling allows Trump’s federal workforce cuts to proceed

President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government. The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Department of Housing and Urban Development (HUD). The ruling temporarily suspends a lower court’s decision...

Agents say Cape Coral’s housing market is correcting, not crashing

Headlines that call Cape Coral, Florida, the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. But local experts and data suggest the reality is far more nuanced. While a recent article from The Wall Street Journal highlighted falling home prices, empty open houses and investor pullbacks, agents who...

What’s the best strategy for seniors to take required minimum distributions?

Tax-deferred retirement accounts are a necessary source of income for seniors looking to age in place. But it can be confusing to navigate the options for taking the required minimum distributions (RMDs) from the account as mandated by the IRS — especially given the tax implications. What’s the best approach for seniors as they plan for retirement? Derek Horstmeyer, a finance professor at George...

HUD offers foreclosure relief to Texans saddled by floods

Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), announced on Tuesday a 90-day foreclosure moratorium for Federal Housing Administration (FHA)-insured single-family mortgages in the areas of Kerr County, Texas, that have been devastated by recent severe storms, including wind and flood damage. The 90-day moratorium prohibits mortgage servicers from initiating or...

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