Housing
Singapore overtakes Hong Kong as the most expensive Asia-Pacific city for private homes
Modern and luxury smart homes in Singapore, seen from above during a hot summer day at the Keppel Bay Yacht Marina area in the city centre. Tobiasjo | E+ | Getty Images Singapore’s private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Data from the Home […]
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Home price declines may be over, S&P Case-Shiller says
A potential buyer walks in to view a home for sale during an open house in Parkland, Florida on May 25, 2021. Carline Jean | Tribune News Service | Getty Images Steep competition in the housing market and low supply are heating up home prices again. Nationally, home prices in March were 0.7% higher than […]
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A ‘Big Short’ investor sees economical catastrophe brewing in housing markets — once again
Housing marketplaces are going through a fundamental change simply because of increased home loan fees and as world-wide central financial institutions keep up the inflation battle by climbing interest costs. Against this backdrop, some — like a ‘Big Short’ investor — panic the authentic estate sector is overlooking a systemic situation: flood risk. A ‘Big […]
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Why major commercial real estate firms are joining resources to recruit Black student-athletes
Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his former teammates — and the majority of college athletes — […]
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Mortgage demand drops again as rates cross back over 7%
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. That is the highest […]
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Homebuilder sentiment pulls out of negative territory for the first time in nearly a year
Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence in the market for newly built single-family homes rose 5 points in May to 50, according to the National Association of Home Builders (NAHB)/Wells […]
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Hamptons rental prices fall for the summer as owners contend with oversupply
An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. There are now about 5,700 seasonal rentals available for this summer on the South Fork peninsula in New York, which includes most of the Hamptons, according […]
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Here’s the inflation breakdown for April 2023 — in just one chart
Key Details The customer selling price index rose 4.9% in April 2023, the smallest boost in two years, the U.S. Bureau of Labor Statistics said Wednesday in a monthly inflation report. Inflation readings have weakened for 10 consecutive months, from the peak in June 2022. Homes feel to be acquiring aid in staple types like […]
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Mortgage demand surged after Fed signaled potential pause in rate hikes
A display for a realtor with Coldwell Banker Dynasty TC, left, is displayed as she speaks with a potential homebuyer during an open house in Arcadia, California. Jonathan Alcorn | Bloomberg | Getty Images Mortgage rates fell slightly last week after the chairman of the Federal Reserve suggested a potential end to a historic string […]
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CNBC Each day Open: Bracing for April’s CPI looking through
Individuals stroll alongside Wall Road outside the house of the New York Inventory Exchange (NYSE) on May possibly 03, 2023 in New York Town. Spencer Platt | Getty Photos Information | Getty Visuals This report is from present-day CNBC Everyday Open, our new, international marketplaces newsletter. CNBC Day by day Open up brings traders up […]
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