Real estate
Mortgage rates tumble on tariffs, but housing costs still near record high
Mortgage rates fell sharply Thursday following the Trump administration’s tariff announcement. The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October. The massive sell-off in the stock market early Thursday sent investors fleeing to the bond […]
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Manhattan’s luxury real estate market sees best first quarter in six years
People walk by a view of residential luxury towers along nicknamed Billionaires Row, a stretch of 57th Street that holds the majority of Manhattan’s supertall luxury towers on May 16, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Manhattan apartment sales jumped 29% in the first quarter from the […]
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Billionaire Jorge Pérez and his sons reveal their three secrets to passing down the family business
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. When Jon Paul Pérez graduated college, he assumed he would go to work for his father. After all, Jon Paul had […]
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KB Home unveils its first ‘fire-resilient’ community in Southern California
KB Home’s new wildfire-resilient neighborhood in Escondido, California. CNBC Just months after raging wildfires destroyed thousands of homes in the Los Angeles area, California-based KB Home is unveiling what it calls its first “wildfire-resilient” community. The development, in Escondido, just outside San Diego, will have 64 single-family homes when completed that all meet the wildfire […]
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Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says
A sign for Freddie Mac is seen at their corporate headquarters campus on Oct. 9, 2024 in Tysons Corner, Virginia. Kevin Dietsch | Getty Images The newly confirmed director of the Federal Housing Finance Agency, Bill Pulte, who now oversees mortgage giants Fannie Mae and Freddie Mac, said he will not lower the conforming loan […]
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These 10 Asian markets offer high returns on short-term rentals — half top $40,000 a year
Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play […]
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Australia’s James Hardie to acquire U.S.-based AZEK in $8.8 billion deal
Fiber-cement maker James Hardie Industries said on Monday it will acquire outdoor products manufacturer AZEK in a cash and stock transaction valued at $8.75 billion, in what could potentially be Australia’s largest deal to date in 2025. Under the deal, AZEK shareholders are set to receive $26.45 in cash and 1.0340 ordinary shares of James […]
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‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds
ETF Edge ‘Some more banana skins in front of us’: Why investors may want to increase exposure to bonds Published Sat, Mar 22 202511:00 AM EDT Yaritza Diaz WATCH LIVE Source
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Tariff fears are raising construction costs by up to 20%, says Related Group CEO
Related Group CEO Jon Paul Pérez. Courtesy of Future Proof and Triangle BLVD Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group. President Donald Trump has imposed 25% tariffs on […]
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China’s property market edges toward an inflection point
Key Points UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing. Existing home sales in five major Chinese cities have climbed by more than 30% from a year ago on a weekly basis as of Wednesday, according to a CNBC analysis of data accessed […]
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