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A house in Amsterdam owned by sanctioned Russian oligarch Arkady Volozh was occupied by activists. Despite the Yandex billionaire’s best efforts, a judge ruled that the squatters can stay. Volozh is not the first sanctioned oligarch to have his European property overtaken. … Source link

The largest U.S. homebuilder offered up the latest examples of how quickly buyers are fleeing the housing market. Buyers canceled nearly a third of deals in D.R. Horton Inc.’s (DHI) fiscal fourth quarter, up from 19% a year ago, the Texas-based company said Wednesday. New orders declined 15% to 13,582 homes from a year earlier, down by 10% in value. The company is responding by walking away from land deals that don’t meet certain metrics as the market has shifted, writing off $34 million of… Source link

With mortgage rates hovering around 7%, some would-be buyers may wonder if they should put a down payment on a property before rates skyrocket higher — or wait for the housing market to cool further. In continuation of our series “What to do in a bear market,” Yahoo Finance asked several housing experts if buyers should purchase now or hold off. Should buyers wait to buy a property if the Fed keeps rising interest rates and mortgages go higher? “If you are still able to afford what you’re… Source link

Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to experts, it might still make sense for homeowners to refinance. Why? Rates, even at current levels, can still be a decent deal compared to alternatives. “People would still be refinancing if they need the cash, so they are withdrawing equity, even at much higher… Source link

A group of squatters have taken up residence in a house in Amsterdam that belongs to Yandex founder Arkady Volozh, they told the publishing network IndyMedia. The house’s new inhabitants said that they chose it intentionally, because despite the sanctions imposed against Volozh, the Dutch authorities have not seized his property. “It’s obvious that limiting [the rights of] Russian billionaires and oligarchs is not a priority for the Dutch authorities,” said the squatters. According to… Source link

A group of activists has occupied the multimillion-dollar Amsterdam home of the EU-sanctioned Russian tech tycoon Arkady Volozh, Dutch media reported Monday. Volozh, 58, is the co-founder and former CEO of tech giant Yandex, Russia’s equivalent of Google. He stepped down in June after the European Union sanctioned him in its response to Moscow’s invasion of Ukraine. The Dutch daily NRC and weekly De Groene Amsterdammer reported in early October that Volozh was the owner of a… Source link

Russia’s announcement that it is suspending its participation in a Black Sea grain export deal requires a strong international response from the United Nations and the Group of 20 (G20) major economies, Ukrainian President Volodymyr Zelenskiy said on October 29. “This is a completely transparent attempt by Russia to return to the threat of large-scale famine for Africa, for Asia,” Zelenskiy said in a video address, adding that Russia should be kicked out of the G20. “Why can a handful of… Source link

Russia’s announcement that it is suspending its participation in a Black Sea grain export deal requires a strong international response from the United Nations and the Group of 20 (G20) major economies, Ukrainian President Volodymyr Zelenskiy said on October 29. “This is a completely transparent attempt by Russia to return to the threat of large-scale famine for Africa, for Asia,” Zelenskiy said in a video address, adding that Russia should be kicked out of the G20. “Why can a handful of… Source link

Coca-Cola’s (KO) better-than-expected earnings report on Tuesday could be a sign of what lies ahead for the beverage giant as it rolls out a potential home-run product with Jack Daniel’s whiskey. “I think the Jack Daniel’s and Coca-Cola [ready-to-drink] cocktail could be something interesting,” Wedbush analyst Gerald Pascarelli said on Yahoo Finance Live (video above). “When you just look at the brand equity of the Coca-Cola trademark as well as Jack Daniel’s, and you look at some of the… Source link

Home Depot Co-Founder Bernie Marcus says 40-year high levels of inflation would come down if the Biden administration makes it easier for oil companies to drill in the country. “We have a president that just doesn’t believe in that [oil drilling],” Marcus said on a new episode of Yahoo Finance Presents. “We are sitting on tons of oil and gas, and he doesn’t allow us to drill. It’s basically stupid. I can’t come with another word. It’s stupid. And we will continue to suffer this inflation. And… Source link