Tag: real estate
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Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one
Home sellers in many of the largest U.S. cities are accepting offers below asking as higher mortgage rates squeeze buyers’ budgets.
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K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle
Even as luxury homes fly off the market, sales of starter homes are down despite growing inventory and more price cuts, research shows.
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Nintendo’s fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
Nintendo reported fiscal first-quarter earnings Thursday.
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Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
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Foreigners are buying fewer U.S. properties, but luxury homebuilders still draw them in
Foreign buyers are pulling back sharply from U.S. residential real estate, in part due to a pullback among workers that would qualify for H-1B visas.
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Buying a condo with a mortgage may soon get more complicated. Here’s why
New policies that apply to mortgages for condos take effect Aug. 3, and some experts are sounding the alarm that buyers may see delays or denials.
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Chow Yun Fat slashes price of luxury Hong Kong mansion after nearly four years on market
The veteran Hong Kong actor has cut the asking price of his luxury Peak mansion after nearly four years on the market, with the property now listed for HK$160 million (US$20.4 million).
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Housing and healthcare need less red tape to lower costs, Colorado’s Hickenlooper tells CNBC
Housing and healthcare need big policy changes as voters raise concerns about affordability, Sen. John Hickenlooper, D-Colo., tells CNBC.
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South Korea’s president invokes dramatic Japan realty crash to push domestic property agenda
Lee was highlighting the country’s excessive investment in real estate, and highlighted that Japan’s housing market “burst like a balloon.”
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Mortgage rates are rising again, but homebuyers are seeing some advantages
Mortgage rates last week rose to the highest level since last August, but homebuyer demand rose as well, as buyers see more supply.
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