Real estate
You can buy mansions in these Mediterranean countries for the price of a studio in New York
The median price per square foot in Manhattan, NY is $1,500, according to My Dolce Casa. Alexander Spatari | Moment | Getty Images Manhattan, New York is infamous for being expensive. The city consistently ranks as one of the world’s most costly places to live in. Purchasing a 500-square-foot condo in New York City can […]
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Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being a record high for the […]
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BHP CEO expects a turnaround in China’s property sector in year ahead
Key Points BHP’s CEO Mike Henry said he expects China’s property sector to rebound in the upcoming year on the back of favorable government policies. While acknowledging that the country’s property sector is a “weak point” for steel demand, Henry is optimistic about Chinese government measures announced recently. “The government has enacted policies recently that […]
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July home sales break a four-month losing streak as supply rises nearly 20% over last year
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That […]
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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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Brits snap up lower mortgage deals as Bank of England rate cut boosts property market
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below […]
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Singapore introduces measures to cool the public housing market
The Pinnacle@Duxton, a Housing & Development Board (HDB) public housing estate, center, in Singapore, on Monday, Feb. 19, 2024. Bloomberg | Bloomberg | Getty Images Singapore has tightened the maximum loan that home buyers can take out in a bid to cool the country’s public housing resale market. From Tuesday, buyers of HDB flats won’t […]
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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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Insurers deemed mold too risky decades ago. That coverage gap still surprises homeowners
Brandi Schmitt and her family pose for a 2018 Christmas card in front of their Maryland home wearing protective gear, alluding to the water and mold damage in their home. Each year, Schmitt said they try to capture the family’s situation through their Christmas card. Courtesy: Brandi Schmitt When a nor’easter struck in 2018, intense […]
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