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Questions to Ask a REALTOR® When Getting Divorced

RisMedia Consumer News - February 12, 2024 - 2:29pm

Divorce can be challenging and emotional, and one of the significant decisions couples often face is selling their house. Selling a house during divorce can complicate an already difficult situation. That’s where hiring a REALTOR® with divorce experience comes in. Divorcing couples can navigate the home-selling process far more efficiently with a pro in their…

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Categories: Real Estate

Renters are most exposed to climate hazards in these two states, a Harvard study finds

cnbc real estate - February 12, 2024 - 1:59pm
Here are the areas where renters are the most exposed in the U.S. California and Florida have the biggest hot spots.
Categories: Real Estate

When and Why Prospective Buyers Should Get a Property Survey

RisMedia Consumer News - February 8, 2024 - 2:17pm

Purchasing a home is a significant investment. It’s crucial to ensure that you clearly understand the property boundaries and potential issues that may affect your ownership. One essential step in the home-buying process is getting a property survey. We will explore the reasons for a property survey, when to complete one and what it entails.…

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Categories: Real Estate

NYCB woes reignite fears about shaky banks as anniversary of March crisis nears

cnbc real estate - February 8, 2024 - 9:03am
Investors have worried that commercial real estate losses could trigger more turmoil after deposit runs consumed Silicon Valley Bank and Signature last March.
Categories: Real Estate

More than 18 million rental units at risk from climate hazards as extreme weather becomes more common, Harvard study finds

cnbc real estate - February 7, 2024 - 3:41pm
As extreme weather and climate-related hazards become more frequent across the U.S., renters face particular challenges.
Categories: Real Estate

Weekly mortgage demand from homebuyers is flattening as interest rates rise

cnbc real estate - February 7, 2024 - 6:38am
Mortgage demand is struggling to contend with a what now appears to be another upswing in interest rates. Homebuyers in particular are pulling back.
Categories: Real Estate

Adam Neumann is trying to buy WeWork, but Third Point says financing not committed

cnbc real estate - February 6, 2024 - 11:46am
Billionaire Adam Neumann is trying to buy back bankrupt real estate company WeWork, DealBook reported Tuesday.
Categories: Real Estate

Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide

RisMedia Consumer News - February 5, 2024 - 2:36pm

Buying a house is one of the most significant financial decisions ever. Finding the right real estate agent to guide you through the process is crucial. There are many excellent reasons to have a buyer’s agent. Whether you’re a first-time homebuyer or a seasoned investor, interviewing a REALTOR® effectively can make all the difference in…

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Categories: Real Estate

Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit

cnbc real estate - February 5, 2024 - 1:48pm
Insurance companies are reducing coverage in climate-dangerous markets, leaving many homeowners without affordable property insurance options.
Categories: Real Estate

Mortgage rates jump back over 7% as stronger economic data rolls in

cnbc real estate - February 5, 2024 - 1:20pm
Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.
Categories: Real Estate

New Data Offers Cautious Optimism for Spring Home-Buying Season, Mortgage Market

RisMedia Consumer News - February 5, 2024 - 1:10pm

As the sluggish 2023 housing market retreats farther from view, new industry data points to reasons to be cautiously optimistic about the upcoming spring home-buying season. Thanks to lower mortgage rates as of late, affordability pressures have eased. The share of income needed to buy a median home in the U.S. decreased by nearly 5…

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Categories: Real Estate

How interest rates have changed over the last 12 months for mortgages, car loans, credit cards and more

cnbc real estate - February 5, 2024 - 7:43am
As markets look toward potential interest rate cuts in 2024 from the Federal Reserve, these five charts show how rates have fluctuated over the last 12 months.
Categories: Real Estate

Why U.S. renters are taking corporate landlords to court

cnbc real estate - February 3, 2024 - 11:04am
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
Categories: Real Estate

Consumer Sentiment Continues to Gain Momentum

RisMedia Consumer News - February 2, 2024 - 11:06am

The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9…

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Categories: Real Estate

Rental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report finds

cnbc real estate - February 2, 2024 - 8:27am
Half of renters in the U.S. are considered cost-burdened, meaning they spend 30% or more of their income on housing, a Harvard study found.
Categories: Real Estate

IMF expects new housing demand in China to drop by around 50% in the next decade

cnbc real estate - February 2, 2024 - 3:00am
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country's overall growth.
Categories: Real Estate

Japan's Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast

cnbc real estate - February 1, 2024 - 10:00pm
Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% — the Nikkei 225 benchmark was up 0.5%.
Categories: Real Estate

5 Expert Tips for a Faster Home Sale

RisMedia Consumer News - February 1, 2024 - 11:34am

Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can…

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Categories: Real Estate

Rental markets are cooling, but it 'doesn't mean they're falling,' Harvard researcher says. Here's what that means for renters

cnbc real estate - February 1, 2024 - 10:54am
After a few years of record-high rent costs, prices are beginning to cool in some areas. Here's what that means for renters.
Categories: Real Estate

Federal Reserve holds interest rates steady, sets the stage for cuts. What that means for your money

cnbc real estate - January 31, 2024 - 1:29pm
As the Federal Reserve sets the stage for rate cuts later this year, here's what that means for your credit card, mortgage rate, auto loan and savings account.
Categories: Real Estate