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Effort has driven up prices and prompted calls to restrict sales of a vital national security resource to overseas buyers
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In a buyer's labor market, leading employers are listening more, using AI better, and building systems that keep productivity—and people—intact.
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Alphabet to Issue $80 Billion of Equity for AI Buildout. Berkshire to Buy $10 Billion. Barron'sBerkshire Hathaway invests extra $10 billion in Alphabet, deepening bet on AI CNBCAlphabet Slips After Unveiling $80 Billion Equity Offering Bloomberg.comAlphabet seeks $80 billion to fund AI buildout AxiosGOOGL Drops Pr
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Berkshire, under new CEO Greg Abel, invests $16.8 billion in two days ReutersBerkshire Hathaway buys Taylor Morrison for $6.8 billion. Buffett touts Abel's deal-making CNBCBerkshire Is Convinced the American Dream of Homeownership Will Stay Alive WSJBerkshire Hathaway acquires new home building company KETV
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Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.
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New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett AP NewsBerkshire Hathaway to Buy Taylor Morrison for $6.8 Billion Bloomberg.comGreg Abel just made his first big deal as Berkshire CEO. Why Warren Buffett is happy CNBCBerkshire buys homebuilder Taylor Morrison for $8.5bn in Abel's first big deal Financial Times
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After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
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