Real estate
Here’s how tariffs will hit the U.S. housing market
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBC From lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders. The cost of those products is about to go up, as President Donald Trump’s administration imposes tariffs on […]
Read More
Pending home sales drop to the lowest level on record in January
“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty Images High mortgage rates and elevated home prices combined to crush home sales […]
Read More
Mortgage rates drop to lowest since mid-December, but demand still falls short
The home for sale at 377 Capron Ash Loop in Casselberry is pictured on Wednesday, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume […]
Read More
Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak
Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects. For the full year ahead, the company said it expects total sales to grow by 2.8% and comparable sales, which takes out the impact of one-time factors like […]
Read More
Home sales drop sharply as prices hit an all-time high for January
A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of listings. Sales of previously owned homes fell 4.9% in January from […]
Read More
Weekly mortgage demand drops 6%, as homebuyers remain ‘on the fence’
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers. Total mortgage application volume fell 6.6% for the week, according to the […]
Read More
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low
Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly. The National Association of Home Builders’ Housing Market Index, or HMI, dropped a sharp 5 points from January to a reading of 42. Anything below 50 is […]
Read More
Here’s how much it can cost for one person to live in 12 major cities globally in 2025
It can cost on average of $2,050 to live in Tokyo for a month as a single person, according to Numbeo’s data. Jackyenjoyphotography | Moment | Getty Images Moving to a major city often comes with big benefits and opportunities, but it’s important to figure out if it makes sense financially before taking the leap. […]
Read More
A $50 million Ferrari-inspired mansion just broke a local record in Delray Beach, Florida. Take a look inside
A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million. Not only was the megadeal the biggest the area has ever seen, but it was also one of the most unusual: The sale included a mansion swap, bespoke furniture, elaborate chandeliers, art, […]
Read More
Walmart’s latest acquisition is a shopping mall in Pennsylvania
A Walmart Supercenter during Walmart’s multiweek Annual Deals Shopping Event in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Walmart is now a mall owner. On Tuesday, the big-box retailer confirmed that it bought Monroeville Mall, which is roughly 12 miles east of Pittsburgh. In a statement, […]
Read More