Real Estate

More Chinese developers could default, but analyst says real estate troubles have not spilled over

Troubles in China’s real estate sector have not spilled over to other industries, said Bo Zhuang, senior analyst at investment firm Loomis Sayles.

  • CNBC REAL ESTATE
  • October 26 @ 7:31 pm

Billions in aid still available to struggling renters

To address the renters’ crisis triggered by the pandemic, Congress allocated $45 billion in aid. Six months later, most of that money is still available.

  • CNBC REAL ESTATE
  • October 26 @ 12:27 pm

Home prices in August hinted at possible cooling in the market, S&P Case-Shiller says

There are signs that price growth could be cooling off in the otherwise red-hot housing market.

  • CNBC REAL ESTATE
  • October 26 @ 8:00 am

How to start investing in real estate, according to a 25-year-old who co-owns 5 properties worth over $9 million

Sahil Mehta, 25, co-owns five investment properties with his brother, worth $9.4 million. Here are his tips for others who want to invest in real estate. 

  • CNBC REAL ESTATE
  • October 25 @ 11:07 am

There’s a chance China might finally put taxes on property

China is closer than ever to taxing property owners, now that Chinese President Xi Jinping has the political momentum to get the ball rolling, analysts say.

  • CNBC REAL ESTATE
  • October 25 @ 2:54 am

Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communitie

Bank of America has established a $15 billion initiative to help Americans buy homes. So far, the company says it has helped 29,000 people reach that goal.

  • CNBC REAL ESTATE
  • October 22 @ 8:35 am

China may be moving toward easy monetary policy, but it will have to tread delicately

China’s central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy.

  • CNBC REAL ESTATE
  • October 21 @ 7:56 pm

Sales of existing homes rose in September, likely due to a brief decline in mortgage rates

Sales of existing homes rose 7% last month, likely driven by a brief decline in mortgage rates.

  • CNBC REAL ESTATE
  • October 21 @ 9:00 am

China Evergrande shares plunge 12.5%, after $2.6 billion asset sale falls through

China Evergrande shares fell 12.5% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings.

  • CNBC REAL ESTATE
  • October 21 @ 3:18 am

China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through

China Evergrande shares briefly fell more than 10% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings.

  • CNBC REAL ESTATE
  • October 20 @ 10:15 pm

Weekly mortgage demand drops over 6% after interest rates move even higher

Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases.

  • CNBC REAL ESTATE
  • October 20 @ 6:00 am

Single-family rents are surging, and investors are flooding the market

Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof.

  • CNBC REAL ESTATE
  • October 19 @ 12:25 pm

This could be the worst market for a first-time homebuyer, experts say

Covid has kicked the housing market into high gear. At the end of September, the average home price was up 14% from the same month last year, and 30% from 2019.

  • CNBC REAL ESTATE
  • October 19 @ 8:06 am

Peter Thiel’s luxury New Zealand lodge opposed by environmental group

Peter Thiel’s proposed luxury lodge in New Zealand has been opposed by a local environmental group who believe it is “inappropriate” for the natural landscape.

  • CNBC REAL ESTATE
  • October 19 @ 7:53 am

How Evergrande found itself on the wrong side of China’s regulators

Evergrande made little progress toward complying with China’s crackdown on real estate debt until it was too late for investors who put money into its offshore bonds.

  • CNBC REAL ESTATE
  • October 18 @ 10:31 pm

Homebuilder sentiment bounces back despite ongoing supply chain problems

Homebuilder confidence rose in October thanks to strong buyer demand.

  • CNBC REAL ESTATE
  • October 18 @ 9:09 am

Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast

The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say.

  • CNBC REAL ESTATE
  • October 18 @ 7:53 am

Defaults loom over more property developers as China reassures investors on Evergrande

Amid the Evergrande crisis, more Chinese developers are facing defaults, as ratings agencies dished out a fresh round of downgrades.

  • CNBC REAL ESTATE
  • October 18 @ 12:14 am

China’s central bank says Evergrande is unique and most real estate developers are stable

The People’s Bank of China said Friday indebted developer China Evergrande is its own case, and that most real estate businesses are stable.

  • CNBC REAL ESTATE
  • October 15 @ 5:08 am

Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels

Foreclosures are starting to surge as programs designed to help homeowners contend with the Covid pandemic have begun to expire.

  • CNBC REAL ESTATE
  • October 13 @ 11:01 pm

Barry Sternlicht says the ‘deck is stacked’ in China and he’s not a fan of investing there

The global real estate investor told CNBC it’s tough to invest directly in countries such as China where “we think the deck is stacked.”

  • CNBC REAL ESTATE
  • October 13 @ 11:29 am

Weekly mortgage demand stalls, as rates jump to highest level since June

Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance.

  • CNBC REAL ESTATE
  • October 13 @ 6:00 am

Morgan Stanley upgrades China property to ‘attractive’ despite default fears

The U.S. investment bank said it believes that policy easing of the property sector looks likely to kick in, which will support Chinese real estate stocks.

  • CNBC REAL ESTATE
  • October 12 @ 7:59 pm

Today’s tight housing market is already overbuilt, one analyst says

House hunters today know the pickings are slim, the competition is fierce and the prices are high, but one analyst claims too many houses are being built.

  • CNBC REAL ESTATE
  • October 12 @ 11:25 am

Dubai’s economy shows promising growth after slumping 11% last year

The real estate sector, which was already several years into decline when the pandemic began, is seeing a strong but uneven rebound.

  • CNBC REAL ESTATE
  • October 12 @ 10:58 am

An entire block of vacant storefronts: Delayed office return plans stymie midtown Manhattan’s recovery

As of this summer, nearly 30% of the retail storefronts in Midtown East and around Grand Central were vacant, according to a new report from REBNY.

  • CNBC REAL ESTATE
  • October 7 @ 7:04 am

How much house can you afford? Here’s what first-time homebuyers need to know

More than a quarter of buyers this year blew past their initial home-buying budget.

  • CNBC REAL ESTATE
  • October 6 @ 12:30 pm

As mortgage rates shoot even higher, refinance demand plummets 10%

A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand.

  • CNBC REAL ESTATE
  • October 6 @ 6:00 am

Even with low interest rates, mortgage payments are increasingly unaffordable

A median-income household would need to spend 32.6% of its annual earnings to own a median-priced home, according to the Atlanta Fed.

  • CNBC REAL ESTATE
  • October 5 @ 8:00 am

Chinese developer misses bond payment as stress spreads beyond Evergrande crisis

There are increasing signs of stress in China’s property market after ratings agencies downgraded Fantasia and Sinic over debt concerns.

  • CNBC REAL ESTATE
  • October 4 @ 11:07 pm

Indebted Evergrande set to raise more cash from partial sale of its property services unit

Buckling under the weight of more than $300 billion in debt, Evergrande has been trying to offload stakes in other assets.

  • CNBC REAL ESTATE
  • October 4 @ 2:18 am

Take a tour of the $55 million penthouse that towers over New York’s Hudson Yards

More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007.

  • CNBC REAL ESTATE
  • October 1 @ 3:16 pm

As Manhattan’s penthouse market booms, 90th floor Hudson Yards unit lists for $55 million

More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007.

  • CNBC REAL ESTATE
  • September 29 @ 3:47 pm

Inside the $55 million Manhattan penthouse on the 90th floor

More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007.

  • CNBC REAL ESTATE
  • September 29 @ 2:10 pm

Pending home sales surged more than expected in August after two months of declines

Buyers encountered higher inventory and slightly more favorable prices as pending sales rose better than expected.

  • CNBC REAL ESTATE
  • September 29 @ 9:00 am

Mortgage demand falls as rates rise to highest level since July

Higher rates caused mortgage demand to drop for refinances and home purchases.

  • CNBC REAL ESTATE
  • September 29 @ 6:00 am

Home flipping profits are shrinking, but here’s where you can net the most

Home flipping may be making a comeback, but returns are shrinking.

  • CNBC REAL ESTATE
  • September 27 @ 10:29 am

Mortgage rates rose sharply this week – and there could be more increases on the way

Mortgage rates rose sharply this week, and it could be the beginning of an upward trend.

  • CNBC REAL ESTATE
  • September 24 @ 9:44 am

The Evergrande crisis may just be a ‘tempest in a teapot,’ says analyst

The ongoing crisis surrounding debt-ridden Chinese developer Evergrande has captured global investor attention for much of this week.

  • CNBC REAL ESTATE
  • September 24 @ 5:01 am

Mortgage market is unprepared for climate risk, says industry report

The mortgage market is unprepared for the multifold physical and financial risks related to climate change, according to a new report from the Mortgage Bankers.

  • CNBC REAL ESTATE
  • September 23 @ 9:58 am

Airbnb says it has doubled the number of Afghan refugees it plans to temporarily house

Airbnb announced Thursday that it is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000.

  • CNBC REAL ESTATE
  • September 23 @ 9:37 am

Shares of Chinese Estates pop as much as 15% after firm signals it could dump entire Evergrande stake

Investment holding firm Chinese Estates announced in an exchange filing Thursday plans to potentially dispose of its entire stake in developer China Evergrande.

  • CNBC REAL ESTATE
  • September 23 @ 3:42 am

Shares of Chinese Estates pop 15% after firm signals it could dump entire Evergrande stake

Investment holding firm Chinese Estates announced in an exchange filing Thursday plans to potentially dispose of its entire stake in developer China Evergrande.

  • CNBC REAL ESTATE
  • September 22 @ 11:12 pm

The Fed is holding its rates near zero for now. Here’s what it means for you

The Fed is sticking with its near zero rate policy for now, yet borrowing costs may start to edge higher anyway.

  • CNBC REAL ESTATE
  • September 22 @ 2:53 pm

As the Fed sticks to its near-zero rate policy for now, here’s what that means for you

The Fed is sticking with its near zero rate policy for now, yet borrowing costs may start to edge higher anyway.

  • CNBC REAL ESTATE
  • September 22 @ 1:01 pm

Google’s $2.1 billion office building deal is latest sign of Big Tech’s muscle in Manhattan market

The price Google paid was the highest paid for a U.S. office building since 2018, according to commercial realtors.

  • CNBC REAL ESTATE
  • September 22 @ 12:23 pm

Why renters are struggling so much now

The present troubles for renters are explained in large part by inequities that predate the Covid pandemic.

  • CNBC REAL ESTATE
  • September 22 @ 11:09 am

Existing home sales fall 2% as first-time buyers are priced out

The share of first-time buyers fell to just 19% of all sales, the lowest since January 2019.

  • CNBC REAL ESTATE
  • September 22 @ 9:08 am