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Despite the prevalence of small drones on the modern battlefield, the US is likely not producing enough of the technology to meet potential wartime needs, a report by Defense One said.Drone warfare has continued to make headlines during the Russia-Ukraine war, with the relatively cheap technology having played a major role for both sides.While Russia has relied heavily on drones like the Iranian-made Shahed-136, Ukraine has found sucess with small first-person-view (FPV) drones — consumer drones that Ukrainian forces adapt for combat.As the importance of the technology to the war effort became increasingly clearer, Ukraine sought to ramp up production,…

The reverse mortgage industry’s key performance indicators were split in July, according to data from industry analysts. Home Equity Conversion Mortgage (HECM) endorsements increased by 8% from June to July, with the total of 2,274 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers. This is according to data compiled by Reverse Market Insight (RMI). Meanwhile, HECM-backed Securities (HMBS) issuance fell by $47 million in July to a total of $450 million for the month. There were 80 pools issued, six fewer than in both May and June. This is according to Ginnie Mae data and private…

Photo: Alexander Team/Facebook A half-naked woman was lying on the table, and guests were invited to drip hot wax onto her body. Nearby, waiters passed tuna-tartare cones as a pair of burlesque dancers wearing dog collars and fishnets performed acrobatics. It was a summer night in 2015, and Oren and Alon Alexander were celebrating their 28th birthday in a $50 million townhouse on the Upper East Side. A pair of real-life Gossip Girl characters, “the Alexander brothers,” as they were known in their Manhattan circle, were perfectly coiffed, perpetually suited up, and, like the party, sexy in a cheesy kind…

Despite an ever-changing housing market, second homeownership is still attainable for buyers looking for a home to make lasting memories with their loved ones — thanks to a variety of financing options, stabilizing interest rates and the new model of LLC co-ownership. As a real estate agent, you can play a crucial role in educating your clients about these opportunities and providing them with the right resources.   Second home hidden expenses When shopping for an ideal second home, it’s essential for buyers to look beyond the property’s list price and monthly mortgage payments. Owning a second home comes with additional…

Have lower mortgage rates positively impacted the housing demand data yet? Some people have been very disappointed with the data so far, so I wanted to take an in-depth look with this week’s tracker to see what lower rates have done to these key data lines. Let’s look at two of those data lines today to see if we can spot a positive trend.  Purchase application data My belief has always been that for the existing home sales market to have real growth and make it stick, we need sub-6 % mortgage rates with some duration. I focused on this…

Photo: Xu Chang/Xinhua/Getty “Chaud?” I asked, in my stilted French. The swimmer, emerging out of Canal Saint-Martin in Paris on a recent Sunday, laughed and replied in English: “Yes, warm!” He was right, sort of. When my partner and I jumped into the water from a floating dock, it was chilly at first, but then the water began to feel warmer, like a bathtub filling up with hot water. We had decided to brave Paris Plages, a citywide effort renewed during the 2024 Summer Olympics to set up temporary public beaches along the Seine. This canal spot was one of six…

A survey of hundreds of real estate agents suggests that “steering” based on commissions used to be rare. After the Aug. 17 deadline, it may become ubiquitous — but with buyers in the driver’s seat. This report is available exclusively to subscribers of Inman Intel, the data and research arm of Inman offering deep insights and market intelligence on the business of residential real estate and proptech. Subscribe today. It’s hard to get a large group of real estate agents to agree on anything — but about this topic, they tell a pretty consistent story. Prior to the NAR settlement, the practice…

Susan Wojcicki, a trailblazer in the tech industry who served as YouTube’s Chief Executive Officer (CEO) for nearly 10 years, passed away on Friday (August 9). News of her death was confirmed by her husband, Dennis Troper, via social media. The cause of death was non-small cell lung cancer, which she had fought for two years. She was 56. Troper wrote, “It is with profound sadness that I share the news of Susan Wojcicki’s passing. My beloved wife of 26 years and mother to our five children left us today after 2 years of…

Hulk Hogan’s former close friend is not shying away from the upcoming Gawker movie … instead he wants to collab with them … and, he’s got lots of insight ’cause he was at the center of the scandal! A rep for Bubba the Love Sponge — a famous radio DJ whose wife wrestled between the sheets with the Hulkster in the now-infamous sex tape — tells TMZ … Bubba’s not currently working with Ben Affleck and Matt Damon on their movie, but he’s willing to collaborate. We’re told he feels the story’s already out there, so Bubba’s not hiding from…

This year, at the D23 Expo, a slew of stars were honored at the Disney Legends Awards, and were inducted as the class of 2024.The honorees were some titans of the House of Mouse, and included Angela Bassett, James L. Brooks, James Cameron, Kelly Ripa, Jamie Lee Curtis, Miley Cyrus, Harrison Ford, Frank Oz and John Williams, among others.ET’s Cassie DiLaura was at the Honda Center in Anaheim for the big event, and spoke with a few of the night’s honorees about the big celebration.Speaking with Curtis, the actress reflected on her musical speech she gave while being honored at the…