Real estate
World Bank raises China’s GDP forecast for 2024, 2025
Densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China, on Aug. 16, 2011. Qilai Shen | Corbis Historical | Getty Images The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, […]
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How the Federal Reserve’s rate policy affects mortgages
The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates to fall. But that may not happen for some time. “I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan […]
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November home sales surged more than expected, boosted by lower mortgage rates
Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales […]
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Malls are using new restaurants to draw consumers as shopping centers reinvent themselves
Editor’s note: This is the third story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new retailers, experiences and even apartments. Read the first and second parts. Malls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The […]
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American homeowners are wasting more space than ever before
Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of […]
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Wall Street sees upside in 2025 for these dividend-paying real estate stocks
The outlook for real estate is brighter in 2025, according to many on Wall Street. After a rough couple of years, it is “the dawn of a new cycle” for real estate investment trusts, according to Citi. The firm expects REITs, which typically pay dividends, to have a total return of 10% to 15% in […]
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Trump picks China critic Glass as Japan envoy
American and Japan flags waving against the sky. Adventtr | Istock | Getty Images U.S. President-elect Donald Trump said on Monday he was picking George Glass, a former investment banker and diplomat notable for his criticisms of China, to serve as his ambassador to Japan. “In my First Term, George was the U.S. Ambassador to Portugal. As a […]
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This real estate stock may have been unfairly hit by fears of DOGE’s spending cuts
Easterly Government Properties is already feeling the heat. Its stock is down 12% since the U.S. presidential election, as investors fear its business will take a big hit once the Department of Government Efficiency gets down to work. Trading under the stock symbol DEA, the company operates 100 government leases across the country, and 98% […]
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Side hustle expert: 4 great, easy, ‘low-maintenance’ ways to make money from your house
For nearly seven years, as the founder, CEO and editor of SideHusl, I’ve devoted my time to researching and reviewing platforms that aim to help people make some extra money. A common question I’m asked is, “How can I turn what I already own into a side hustle?” If you find that you are house […]
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Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Flushing Bank in New York City. Google Earth Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank’s CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including […]
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