Real estate

Mortgage rates surge over 7% as tariffs hit bond market
Business

Mortgage rates surge over 7% as tariffs hit bond market

The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went […]

Read More
Here’s how China could crush the U.S. housing market
Business

Here’s how China could crush the U.S. housing market

A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. George Rose | Getty Images Mortgage rates are rising sharply this week, as investors sell U.S. Treasury bonds at a swift pace. Mortgage rates follow loosely the yield on the 10-year Treasury. Some speculate […]

Read More
Mortgage rates slingshot higher as tariff uncertainty roils markets
Business

Mortgage rates slingshot higher as tariff uncertainty roils markets

A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 […]

Read More
Mortgage rates tumble on tariffs, but housing costs still near record high
Business

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 […]

Read More
Manhattan’s luxury real estate market sees best first quarter in six years
Business

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 […]

Read More
Billionaire Jorge Pérez and his sons reveal their three secrets to passing down the family business
Business

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 […]

Read More
KB Home unveils its first ‘fire-resilient’ community in Southern California
Business

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 […]

Read More
Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says
Business

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 […]

Read More
These 10 Asian markets offer high returns on short-term rentals — half top ,000 a year
World

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 […]

Read More
Australia’s James Hardie to acquire U.S.-based AZEK in .8 billion deal
World

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 […]

Read More