Real Estate

Economists Weigh in on the Future of First-Time Buyers

RisMedia Consumer News - February 15, 2024 - 12:48pm

Although we’re in the midst of a market correction, the future of the housing market is still up in the air—with many questions centering around first-time homebuyers.  While there are still individuals embarking on the journey of first-time homeownership, it’s less than what we’ve seen in the past. Recent data from the National Association of…

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Categories: Real Estate

Mortgage rates surge higher again, causing homebuyers to pull back

Real Estate CNBC - February 14, 2024 - 2:00pm
Mortgage rates are rising sharply again, causing mortgage demand to drop.
Categories: Real Estate

Black Americans still face 'disproportionately steep hurdles' to homeownership, expert says

Real Estate CNBC - February 14, 2024 - 9:30am
While homeownership remains out of reach for many Black people in the U.S., there are two things buyers should do to increase their chances.
Categories: Real Estate

What the Year of the Dragon means for businesses, according to Maybank's fengshui report

Real Estate CNBC - February 13, 2024 - 8:41pm
Maybank Investment's fengshui report for 2024 takes a look at which sectors will outperform and which will face headwinds in the Year of the Dragon
Categories: Real Estate

The stock market decline on hotter inflation presents a buying opportunity. Here's why

Real Estate CNBC - February 13, 2024 - 4:47pm
Wall Street took a nosedive Tuesday following the before-the-bell release of hotter-than-expected January consumer inflation data.
Categories: Real Estate

New student loan repayment plan could make it easier for borrowers to become homeowners

Real Estate CNBC - February 13, 2024 - 1:24pm
A new, more affordable repayment plan for federal student loan borrowers may come with another advantage: It could make it easier to become a homeowner.
Categories: Real Estate

China's biggest problem is a 'lack of confidence,' Standard Chartered CEO says

Real Estate CNBC - February 12, 2024 - 7:09pm
Investors are closely watching China, whose stock market gyrations, deflation problem and property woes are casting a shadow over global growth outlook.
Categories: Real Estate

Questions to Ask a REALTOR® When Getting Divorced

RisMedia Consumer News - February 12, 2024 - 4:29pm

Divorce can be challenging and emotional, and one of the significant decisions couples often face is selling their house. Selling a house during divorce can complicate an already difficult situation. That’s where hiring a REALTOR® with divorce experience comes in. Divorcing couples can navigate the home-selling process far more efficiently with a pro in their…

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Categories: Real Estate

Renters are most exposed to climate hazards in these two states, a Harvard study finds

Real Estate CNBC - February 12, 2024 - 3:59pm
Here are the areas where renters are the most exposed in the U.S. California and Florida have the biggest hot spots.
Categories: Real Estate

When and Why Prospective Buyers Should Get a Property Survey

RisMedia Consumer News - February 8, 2024 - 4:17pm

Purchasing a home is a significant investment. It’s crucial to ensure that you clearly understand the property boundaries and potential issues that may affect your ownership. One essential step in the home-buying process is getting a property survey. We will explore the reasons for a property survey, when to complete one and what it entails.…

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Categories: Real Estate

NYCB woes reignite fears about shaky banks as anniversary of March crisis nears

Real Estate CNBC - February 8, 2024 - 11:03am
Investors have worried that commercial real estate losses could trigger more turmoil after deposit runs consumed Silicon Valley Bank and Signature last March.
Categories: Real Estate

More than 18 million rental units at risk from climate hazards as extreme weather becomes more common, Harvard study finds

Real Estate CNBC - February 7, 2024 - 5:41pm
As extreme weather and climate-related hazards become more frequent across the U.S., renters face particular challenges.
Categories: Real Estate

Weekly mortgage demand from homebuyers is flattening as interest rates rise

Real Estate CNBC - February 7, 2024 - 8:38am
Mortgage demand is struggling to contend with a what now appears to be another upswing in interest rates. Homebuyers in particular are pulling back.
Categories: Real Estate

Adam Neumann is trying to buy WeWork, but Third Point says financing not committed

Real Estate CNBC - February 6, 2024 - 1:46pm
Billionaire Adam Neumann is trying to buy back bankrupt real estate company WeWork, DealBook reported Tuesday.
Categories: Real Estate

Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide

RisMedia Consumer News - February 5, 2024 - 4:36pm

Buying a house is one of the most significant financial decisions ever. Finding the right real estate agent to guide you through the process is crucial. There are many excellent reasons to have a buyer’s agent. Whether you’re a first-time homebuyer or a seasoned investor, interviewing a REALTOR® effectively can make all the difference in…

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Categories: Real Estate

Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit

Real Estate CNBC - February 5, 2024 - 3:48pm
Insurance companies are reducing coverage in climate-dangerous markets, leaving many homeowners without affordable property insurance options.
Categories: Real Estate

Mortgage rates jump back over 7% as stronger economic data rolls in

Real Estate CNBC - February 5, 2024 - 3:20pm
Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.
Categories: Real Estate

New Data Offers Cautious Optimism for Spring Home-Buying Season, Mortgage Market

RisMedia Consumer News - February 5, 2024 - 3:10pm

As the sluggish 2023 housing market retreats farther from view, new industry data points to reasons to be cautiously optimistic about the upcoming spring home-buying season. Thanks to lower mortgage rates as of late, affordability pressures have eased. The share of income needed to buy a median home in the U.S. decreased by nearly 5…

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Categories: Real Estate

How interest rates have changed over the last 12 months for mortgages, car loans, credit cards and more

Real Estate CNBC - February 5, 2024 - 9:43am
As markets look toward potential interest rate cuts in 2024 from the Federal Reserve, these five charts show how rates have fluctuated over the last 12 months.
Categories: Real Estate

Why U.S. renters are taking corporate landlords to court

Real Estate CNBC - February 3, 2024 - 1:04pm
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
Categories: Real Estate