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Updated: 17 hours 40 min ago
Mortgage rates are now at the highest level of the year, and could still climb
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
Categories: Real Estate
S&P 500 gives up its earlier gains — but Meta bucks the trend as new AI model debuts
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Categories: Real Estate
March homes sales dropped despite a surge in supply. Here's why.
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
Categories: Real Estate
Here are some tips for homebuyers to save on costs with newly built homes, experts say
While the cost of a new house depends on multiple factors, the sticker price might jump on the finishes you add, an advisor says. Here's how to cut costs.
Categories: Real Estate
Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns
Sheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks going into earnings.
Categories: Real Estate
Vietnamese property tycoon sentenced to death in country’s largest financial fraud, state media reports
The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest financial fraud case.
Categories: Real Estate
Should you refinance your mortgage? Here are three signs it's time, real estate experts say
Mortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.
Categories: Real Estate
Mortgage refinance demand surges even as rates cross back over 7%. Here's why
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.
Categories: Real Estate
China needs a narrative that house prices are going to rise, Nomura's Koo says
China needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.
Categories: Real Estate
Buyers of newly built homes can face a property tax surprise. Here's why
Newly built homes often come with a buffet of perks from the building company. However, first-time owners often face a property tax shock after the first year.
Categories: Real Estate
$1 million homes are now 'typical' in a record number of U.S. cities, analysis finds. Here’s where they are
There are 550 American cities where the typical home is valued at $1 million or more, a new record high, according to a new analysis by Zillow. Here's why.
Categories: Real Estate
KKR says China's real estate correction may only be halfway done
China's real estate troubles are likely far from over and industry problems need to be addressed quickly for GDP growth to rise significantly, according to KKR.
Categories: Real Estate
Here's what tenants need to know about Biden's plan to cap rent hikes for some affordable housing units
The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country.
Categories: Real Estate
Weekly mortgage demand remains stalled, as interest rates stay stubbornly high
Mortgage rates didn't move much last week, and for the second week in a row, neither did mortgage demand.
Categories: Real Estate
Housing 'affordability has just totally collapsed,' economist says
February 2021 was the last month when households earned more money than they needed to afford a home. While the deficit shrunk, costs remain high for buyers.
Categories: Real Estate
Here's what upgrading to a nicer home could cost you, and why it's locking up the market
The average homeowner with a near record-low mortgage rate would see their monthly payment shoot up 132% in order to move up to a 25% more expensive home.
Categories: Real Estate
Rents across the U.S. grew for the first time in 6 months — only Arizona saw price drops in every metro
One of the main drivers of high housing costs is low supply. Cities in this state are boosting supply, helping push rental prices down.
Categories: Real Estate
Mortgage demand stalls, even as interest rates moderate
The usually busy spring housing market is underway, but mortgage demand isn't moving.
Categories: Real Estate
Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme
Two luxury apartments in New York allegedly were bought with proceeds from improperly awarded copper contracts related to a huge mine in Mongolia.
Categories: Real Estate
Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.
Categories: Real Estate
