Real Estate

People look at a home for sale during an open house on April 16, 2019 in San Francisco, California. Justin Sullivan | Getty Images The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. The move was a

China’s residential properties have seen strong demand, and there are three factors driving it, according to Deutsche Bank’s Linan Liu. Data released Thursday by the National Bureau of Statistics showed that new home prices in May rose 4.9% from a year ago, compared to a 4.8% increase in April. The average new home prices in

The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images The Federal Reserve’s new forecasts on interest rates and inflation don’t amount to much for investors and consumers, especially in the short term, according to financial advisors on CNBC’s FA Council. The Fed on Wednesday sped up its timeframe for raising

A for rent sign advertising a row house in northeast Capitol Hill, is pictured on Monday, August 26, 2019, in Washington D.C. Tom Williams | CQ-Roll Call, Inc. | Getty Images Even as the pandemic ebbs and Americans get back to work and play, they still want more space at home. But with home prices

Ronel Remy, an organizer with City Life/Vida Urbana, speaks during a “Rally to Stop Evictions and Foreclosures” at the Boston Common Fountain in Boston on Oct. 11, 2020. Matthew J. Lee | Boston Globe | Getty Images Many of the more than 10 million Americans who remain behind on their rent will be at risk

The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs the economic recovery is well underway. But it’s clear rates won’t stay near rock-bottom forever. Recent data showing higher consumer prices and lower unemployment will pave the way for unwinding last year’s bond buying and near-zero interest rates. “Being 7.8 million jobs

Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images After three straight weeks of declines, mortgage demand came crawling back, thanks

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, Diana Olick breaks down how lumber costs are weighing on homebuilders’ confidence levels. Plus, CNBC.com’s Natalie Zhang explains why teens are benefiting from widespread job openings and higher wages. Also on today’s show. Homebuilder sentiment drops to 10-month low, as construction

For Lease sign in window, Queens, New York. Lindsey Nicholson | Education Images | Universal Images Group | Getty Images Once-temporary rent breaks for retailers are expected to become the new standard among landlords, even after pandemic restrictions end and shopping rebounds, the Wall Street Journal reported Tuesday. Mall vacancies in the U.S. hit a

There’s no public real estate listing for Penthouse B atop London’s super luxury high-rise One Hyde Park. The 18,000-square-foot mega-apartment in the city’s ultra-exclusive Knightbridge section is quietly being offered for sale as a whisper listing. Details of the hushed sale are currently only shared by brokers to prospective buyers via word-of-mouth or discovered in

Charlie Eaton Courtesy: Charlie Eaton The odds of student loan forgiveness happening have never been greater, experts say. Yet a number of large obstacles stand in the way, some practical and others ideological. Does the president have the authority to cancel the debt? Officials at the U.S. Department of Education and the U.S. Department of

People and students from Worker’s Circle of Boston and members of City Life Vida Urbana protest to rally support behind house bill HD3030, which seeks to stop evictions during the ongoing coronavirus pandemic, at the Massachusetts State House in Boston on March 14, 2021. Jim Davis | Boston Globe | Getty Images Sabrina Floyd doesn’t

In this article RDFN The CEO of real estate brokerage Redfin told CNBC on Friday there’s been a much-needed cooling in the booming housing market recently. “For the past couple of weeks, housing has been hot instead of blazing hot, and it’s actually probably good for the market. We’ve been running too hot for too

kate_sept2004 | E+ | Getty Images Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you. It’s not as uncommon as you may think. More than one-third, or 34%, of Americans found at least one error on their credit report, according to a

Getty Images When it comes to whether retirees should pay off their mortgage in retirement, there typically is no clear-cut answer. That’s because like most things about planning for (and in) your post-working years, the decision depends on your specific situation. Obviously, a couple of benefits come with paying off a mortgage: Your monthly obligations

Helen H. Richardson | Denver Post | Getty Images Homeowners are getting richer and richer as prices keep soaring – and the numbers are staggering. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. This represents a

A view of the driveway leading to the residence at 777 Sarbonne Road in Bel-Air, California. Joe Bryant / Aaron Kirman Group Seven is a magical number for one of Bel-Air’s priciest spec homes. The glass and marble palace located at 777 Sarbonne Road in Los Angeles hit the market last month with an asking

A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for

A new housing model is rising from the dirt in Valencia, California, and potentially raising the bar for real estate developers hoping to reduce their carbon footprints. More than 21,000 homes are going up in a brand-new community that, its developer says, will be the largest net-zero community in the nation, and potentially the world.

Lumber industry veteran Kyle Little told CNBC on Tuesday that it’s a sensible decision to hold off on beginning discretionary building projects due to high wood costs. “The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years. That being said, if you can wait,