Real Estate

Consumer Sentiment Continues to Gain Momentum

RisMedia Consumer News - February 2, 2024 - 1:06pm

The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9…

The post Consumer Sentiment Continues to Gain Momentum appeared first on RISMedia.

Categories: Real Estate

Rental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report finds

Real Estate CNBC - February 2, 2024 - 10:27am
Half of renters in the U.S. are considered cost-burdened, meaning they spend 30% or more of their income on housing, a Harvard study found.
Categories: Real Estate

IMF expects new housing demand in China to drop by around 50% in the next decade

Real Estate CNBC - February 2, 2024 - 5:00am
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country's overall growth.
Categories: Real Estate

Japan's Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast

Real Estate CNBC - February 2, 2024 - 12:00am
Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% — the Nikkei 225 benchmark was up 0.5%.
Categories: Real Estate

5 Expert Tips for a Faster Home Sale

RisMedia Consumer News - February 1, 2024 - 1:34pm

Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can…

The post 5 Expert Tips for a Faster Home Sale appeared first on RISMedia.

Categories: Real Estate

Rental markets are cooling, but it 'doesn't mean they're falling,' Harvard researcher says. Here's what that means for renters

Real Estate CNBC - February 1, 2024 - 12:54pm
After a few years of record-high rent costs, prices are beginning to cool in some areas. Here's what that means for renters.
Categories: Real Estate

Federal Reserve holds interest rates steady, sets the stage for cuts. What that means for your money

Real Estate CNBC - January 31, 2024 - 3:29pm
As the Federal Reserve sets the stage for rate cuts later this year, here's what that means for your credit card, mortgage rate, auto loan and savings account.
Categories: Real Estate

Weekly mortgage demand drops as buyers struggle to find affordable homes

Real Estate CNBC - January 31, 2024 - 8:30am
After rising for several weeks, mortgage demand fell last week as buyers faced increased competition for a limited supply of homes.
Categories: Real Estate

Should you pay rent with a credit card? ‘It could rapidly spiral,’ expert warns

Real Estate CNBC - January 30, 2024 - 2:22pm
Sometimes, it's possible to pay rent with a credit card — but experts say it's risky.
Categories: Real Estate

Consumer Confidence Hits Two-Year High

RisMedia Consumer News - January 30, 2024 - 12:43pm

Consumer confidence increased 6.8 points to 114.8 in January, the third consecutive month of increases and the highest reading seen since December 2021, according to the latest data from The Conference Board.  “January’s increase in consumer confidence likely reflected slower inflation, anticipation of lower interest rates ahead and generally favorable employment conditions as companies continue…

The post Consumer Confidence Hits Two-Year High appeared first on RISMedia.

Categories: Real Estate

Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says

Real Estate CNBC - January 30, 2024 - 12:29pm
Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index.
Categories: Real Estate

How to Find The Best Listing Agent When Selling a House

RisMedia Consumer News - January 29, 2024 - 4:46pm

Selling a home is a significant undertaking. Choosing the right listing agent can make a world of difference in the success of your real estate venture. It becomes exceptionally crucial for a first-time seller to know the importance. Finding the best listing agent involves careful consideration, research, and a thoughtful interview. You will learn strategies…

The post How to Find The Best Listing Agent When Selling a House appeared first on RISMedia.

Categories: Real Estate

Sen. Elizabeth Warren pushes Fed Chair Powell to cut 'astronomical' rates, ease housing pressure

Real Estate CNBC - January 29, 2024 - 4:17pm
President Joe Biden's 2024 reelection campaign has struggled to earn points with voters on the economy, in part due to expensive housing costs.
Categories: Real Estate

Forget a soft landing, there may be ‘no landing,’ economist says. Here's what that would mean for you

Real Estate CNBC - January 29, 2024 - 10:30am
The Fed is expected to announce no rate hike at the end of its two-day meeting. Now, the possibility of a 'no landing' scenario looks real, one economist says.
Categories: Real Estate

'Unshirkable responsibility': China's financial institutions urged to support property developers

Real Estate CNBC - January 26, 2024 - 2:06am
Beijing announced measures to ease the cash crunch in the crucial real estate sector that's been hard hit by a crackdown on debt levels.
Categories: Real Estate

Hamptons mansion once listed for $150 million sells at auction for less than $90 million

Real Estate CNBC - January 25, 2024 - 2:45pm
The property, once the most expensive listing the Hamptons, had been on and off the market since 2016.
Categories: Real Estate

Severe winter weather dampens home sales, keeping prices high, Redfin says

Real Estate CNBC - January 25, 2024 - 11:27am
A Thursday report from Redfin explained the recent drop in home sales is in part caused by severe winter weather across the country.
Categories: Real Estate

Homebuyer demand pushes mortgage applications higher, even as interest rates inch up again

Real Estate CNBC - January 24, 2024 - 8:30am
Mortgage rates rose slightly last week, but that did not seem to deter homebuyers.
Categories: Real Estate

Milestones Homeowner Platform Sees Sign-Up Surge

RisMedia Consumer News - January 23, 2024 - 4:41pm

Milestones, a portal for homeowners to manage their experience (from buying to selling), has seen a 513% increase in sign-ups. Milestones’ centralized hubs offer access to essential documents, home service providers, home improvement suggestions, timely and seasonal home maintenance tasks and reminders, wealth-building insights, and more. With a white-label approach, Milestones assists real estate brokerages,…

The post Milestones Homeowner Platform Sees Sign-Up Surge appeared first on RISMedia.

Categories: Real Estate

'Housing affordability is reshaping migration trends,' economist says. Here's where people are moving

Real Estate CNBC - January 23, 2024 - 3:07pm
The need for affordable housing is driving residents from major cities to move to other metropolitan areas in the U.S. Here are the top 10 places they're going.
Categories: Real Estate