Real estate
Luxury hotels move into Nashville as demand for rooms surges
Nashville is seeing an unprecedented surge in luxury hotels, with renowned brands such as the Four Seasons Hotel, the W Hotel and the Grand Hyatt opening their doors in Music City. More than 90 new hotels have been constructed in Nashville since 2013, contributing more than 14,000 rooms to the city’s accommodation offerings, according to […]
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Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the […]
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Mortgage loan demand from customers jumps to 6-week substantial as desire prices continue to fall
An “Open Residence” indication is shown in the front yard of a residence for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Photographs Mortgage need is lastly crawling out of the basement as curiosity fees go on to transfer reduce. Whole software volume elevated 3% final week from the prior week, in accordance […]
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Home sales fell to a 13-year low in October as prices rose
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of […]
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Sunac shares surge 21% as Chinese property developer says it is met restructuring disorders
A booth of Sunac China is witnessed at a housing truthful in China, May possibly 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and stated on Thursday it will not expect to make payments coming because of on other bonds, introducing to a wave of defaults […]
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Homebuilder sentiment drops to lowest point in a year, but falling rates spur some optimism
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index […]
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Trump requests mistrial in $250 million New York organization fraud scenario
Former US President Donald Trump appeared in court on Tuesday for the third 7 days of a civil fraud demo in New York, on Oct 17, 2023. Fatih Akta | Anadolu Company | Getty Images Donald Trump and his co-defendants questioned a judge Wednesday to grant a mistrial in the $250 million civil business enterprise […]
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Mortgage demand climbs to the highest level in five weeks after interest rates move lower
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of […]
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Cooler monthly inflation report pushes mortgage rates even lower
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images The average rate on the 30-year mortgage fell 18 basis points to 7.40% on Tuesday, according to Mortgage News Daily, as Wall Street lowered its […]
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Ivanka Trump testifies in $250 million civil fraud trial just after ex-president’s offended physical appearance
Ivanka Trump arrives for the civil fraud trial of her father previous President Donald Trump at New York Condition Supreme Courtroom on November 08, 2023 in New York Metropolis. Michael M. Santiago | Getty Pictures Ivanka Trump, the eldest daughter of former President Donald Trump, started testifying Wednesday in the $250 million civil fraud demo […]
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