Real estate
Asia’s top 4 up-and-coming rental markets that may be challenging traditional property hubs
Bangkok, Thailand has seen an 18.1% growth in residential rental prices on a year-on-year basis, according to JLL. Alexander Spatari | Moment | Getty Images Singapore and Hong Kong are generally considered Asia’s more vibrant real estate markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even […]
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Pending home sales in April slump to lowest level since the start of the pandemic
A “sale pending” sign is posted in front of a home for sale in San Anselmo, California, on Nov. 30, 2023. Justin Sullivan | Getty Images News | Getty Images Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of […]
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Meet the art collectors with home galleries: ‘The stock market doesn’t give me any fulfillment’
Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant Cardone Multimillionaire Grant Cardone, who has been collecting art for around 15 years, says he’s a spontaneous buyer. “I don’t consider myself a connoisseur. I’m very new to the art world. If I like it, I buy it. I don’t […]
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Sales of newly built homes tank in April, as prices and interest rates rise
A pile of lumber at a home under construction at the Cold Spring Barbera Homes subdivision in Loudonville, New York, US, on Wednesday Nov. 8, 2023. Angus Mordant | Bloomberg | Getty Images Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the […]
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Home sales slipped unexpectedly in April, despite big gains in supply
Sales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. The forecast had been for a slight gain. Sales were also down from April 2023, off 1.9% from last year. These sales are based on closings, so […]
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‘Big Short’ trader Steve Eisman: Apple is the ‘hidden AI play’
Investor Steve Eisman of “The Massive Limited” fame expects Apple to seize epic gains from the artificial intelligence growth. “I assume Apple is basically the concealed AI enjoy,” he told CNBC’s ” Quickly Revenue ” on Tuesday, less than 24 hours in advance of chip big Nvidia reviews its fiscal initially-quarter final results. Eisman, who is now […]
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Here’s where rents are rising — and where they’re falling
Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first years of the pandemic for both single-family and multifamily homes. Now different drivers are pushing some rents higher — and throwing cold water on others. Multifamily rents in April were 0.8% lower than they were […]
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China’s sweeping measures to prop up the property sector will need time to show results
Key Points China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. For real estate to see significant stabilization, homebuyers’ demand and confidence will need to improve after a market downturn of nearly three years, Edward Chan, director, corporate ratings, S&P Global Ratings, said during the […]
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From $35,000 to $446,000: What it cost to renovate a $1 home in Italy
Buying a home in the Italian countryside for cheap comes with a catch — in one case, to the tune of nearly half a million dollars. But that wasn’t on the radars of Meredith Tabbone or Rubia Daniels, who in 2019 both learned about homes being sold for 1 euro (roughly $1.05) in Sicily. Since […]
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‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
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. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid […]
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