Real estate
China stimulus calls are growing louder — inside and outside the country
Key Points The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. “We believe the risk that China will miss the ‘around 5%’ full-year GDP growth target is on the rise, and thus the urgency for more demand-side easing measures is also increasing,” Goldman Sachs analysts said in […]
Read More
August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors. That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023. It marks three straight months of sales below the 4 million mark, […]
Read More
This 38-year-old is financially independent with passive income. Here’s how he built a 7-figure real estate portfolio
Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Courtesy of Shu Matsuo Post The idea of financial independence can mean different things to different people, but one common way to define it is having enough money that you no longer need to rely on […]
Read More
Montana’s hot housing market heats up critical Senate race
MISSOULA, Mont. — In a subdivision near the northern edge of town, a number of condos and duplexes have popped up in the past three years. It’s part of a larger effort, including new zoning laws, to help provide affordable housing to Montanans who have found themselves priced out of the market, said DJ Smith, […]
Read More
UK leads resurgence in European office investment
People walk along London Bridge past the City of London skyline. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. is leading a recovery in Europe’s long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Britain recorded 4.1 […]
Read More
CEO of property firm Damac expresses concerns over ‘expensive’ Dubai
DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms. Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, […]
Read More
Britain’s Rightmove rejects $7.3 billion takeover offer from Murdoch’s REA Group
John Keeble | Getty Images News | Getty Images Australian property listing firm REA Group said on Wednesday that Britain’s largest real estate portal Rightmove had rejected its 5.6 billion pounds ($7.32 billion) cash-and-stock takeover offer. REA, which is 62% owned by Rupert Murdoch’s News Corp , did not cite any reason for the offer’s […]
Read More
Sales of $10 million homes surge in Palm Beach and New York
Tarpon Island, a private island in Palm Beach, Florida, sold for $150 million in May 2024. CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Sales of ultra-luxury homes surged in […]
Read More
Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’
A Big Lots store in Los Angeles, Sept. 7, 2024. Discount home goods retailer Big Lots Inc. filed for Chapter 11 bankruptcy protection on Sept. 9, 2024, indicating it plans to close nearly 300 stores and continue operating. Eric Thayer | Bloomberg | Getty Images Discount home goods retailer Big Lots filed for bankruptcy protection […]
Read More
China’s property market has ‘not found a bottom’ yet, Standard Chartered CEO Bill Winters says
China’s property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC’s JP Ong, Winters described the investing environment in China as “difficult,” explaining that consumer confidence and international investor confidence was relatively low. “We know that the underlying source […]
Read More