Real estate
Why city streets all-around the planet are likely auto-absolutely free
Metropolitan areas all over the entire world are proposing to exchange the place taken up by parked cars and trucks with usable locations for persons. Private cars and trucks sit parked about 95% of the time, according to a review by the RAC Foundation. And they just take up useful genuine estate in city locations. […]
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Homeowners lose wealth as rising interest rates weigh on home values
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several […]
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Mortgage demand drops further as interest rates shoot back to June high
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: Oscillator says market still oversold Our trades on DVN and CRM Quick mentions: HON and LLY Watching these bullpen stocks 1. Oscillator says market still oversold Stocks were in the […]
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Inflation and hybrid function ‘skyrocketed’ desire for versatile workspace, WeWork suggests
World wide inflationary pressures are pushing corporations to be “much more nimble” with their company real estate portfolios, according to WeWork. “That … has put the want for corporations to glance at flexibility in managing and thinking about their workspace,” explained Samit Chopra, the coworking firm’s worldwide president and COO. “Which is of training course, […]
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One in five home sellers is now dropping their asking price as the housing market cools
Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list price for the first time […]
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Chinese shares could plunge by 20% if real estate problems get much worse, Morgan Stanley says
This summer time, growing anxiousness among homebuyers about apartment completion introduced complications in China’s substantial real estate sector — and concerns about spillover to the relaxation of the economic system — to the forefront once more. Long run Publishing | Future Publishing | Getty Visuals BEIJING — China’s struggling real estate sector could significantly drag […]
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Flood losses to insured property are jumping drastically and only a small fraction of what’s damaged by floods is insured
This aerial photograph taken on September 1, 2022 shows flood-affected people taking refuge in tents after heavy monsoon rains in Dera Allah Yar town of Jaffarabad district, Balochistan province. – Monsoon rains have submerged a third of Pakistan, claiming at least 1,190 lives since June and unleashing powerful floods that have washed away swathes of […]
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Mortgage demand falls even further, as rates shoot back up to July highs
A real estate consultant shows a condo to a prospective buyer in Miami, Florida. Joe Raedle | Getty Images After falling back earlier this month, mortgage rates began rising sharply again to the highest level since mid-July. That caused mortgage demand to pull back even further. Total mortgage application volume fell 3.7% last week compared […]
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Home prices weakened in June, but were still much higher than a year ago, says S&P Case Shiller
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices. That’s a weaker pace than in May of this year, which […]
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