Housing
Jim Cramer says a double developer stock upgrade signals city real estate back
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Lowe’s : The home improvement retailer beat on earnings but missed on revenues. Lowe’s also cut its full-year outlook. Shares were higher earlier but turned modestly negative. “The stock is hanging because of the Federal Reserve. No one […]
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A U.S. construction boom is sending rents lower and creating perks for renters
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50 […]
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This startup will sell methane-eating microbes to Whole Foods
Much energy and effort is spent on reducing carbon emissions in the fight against global warming, but methane, while less abundant, is more destructive to the planet. It is far more efficient than carbon at trapping heat. Getting rid of it is essential to reaching global climate goals. Methane is emitted from, among other things, […]
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Mortgage rates plunge to the lowest level in over a year after weak employment report
A “For Sale” sign in front of a home in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed […]
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Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
Key Points Gentrification occurs when an area experiences a rapid rise in residents’ average incomes and rents. The typical outcome: The white population increases, and people of color are priced out. Climate change is accelerating this dynamic in some parts of the U.S., a trend known as “climate gentrification.” In Miami neighborhoods such as Allapattah, […]
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June home sales slump, pointing to a buyer’s market as supply increases
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of […]
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Germany’s struggling construction sector is showing no signs of a recovery
Construction site of a residential building with scaffolding and large cranes Fhm | Moment | Getty Images The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a […]
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Here’s why international buyers are pulling way back from the U.S. housing market
International buyers of U.S. residential real estate are running into the same hurdles as domestic buyers — namely high prices and tight supply — but they’re also up against a strong U.S. dollar, which makes the properties even more expensive for them. As a result, international buyers are pulling out. They purchased 54,300 existing homes […]
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With large prices and mortgage loan prices, aspiring and latest house owners sense ‘stuck’
A home out there for sale is revealed on Could 22, 2024 in Austin, Texas. Brandon Bell | Getty Photos When Rachel Burress moved into her mother’s house around a 10 years in the past, it seemed like a quick-phrase halt on the route to homeownership. The 35-12 months-outdated hairdresser spent all those yrs improving […]
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It suddenly looks like there are too many homes for sale. Here’s why that’s not quite right
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built […]
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