Real Estate

Elon Musk pulls $37.5M Hillsborough, California mansion off the market

The property features six bedrooms and 10 bathrooms, a ballroom, a banquet dining room and a preserved, but completely updated, professional kitchen. It also has a detached 3-car garage, an 8-car carport and motor court parking as well as unobstructed bay views, a pool and private hiking trails.

Demand for second homes skid: Redfin

The demand for second homes has fallen significantly over primary homes mainly due to the fact that there was a "relatively large gain in demand for second homes a year ago" when vacation homes "swelled," according to Redfin.

After Northeast flooding, insurance woes swamp residents

Most of those caught off guard by the intense downpours from the remnants of Hurricane Ida and Tropical Storm Henri lived in areas outside of coastal floodplains, making flood insurance an afterthought for most of the working-class families whose neighborhoods were among the hardest hit.

China's Evergrande says it will make debt payment

Evergrande's struggle to comply with financial restrictions imposed by regulators to curb rising debt in the Chinese economy has prompted fears a default might cause global shockwaves.