Nick Ivan 
A new housing development has been constructed near the Mokelumne River in Stockton, California. Lawrence Yun, the chief economist for the National Association of Realtors, highlights the impact of the Federal Reserve’s actions on the housing industry. While the Federal Reserve’s interest rate hikes aim to control inflation, the bond market, specifically the spreads between …
Mayors in cities across the United States are seeking to relax regulations that impede the conversion of office spaces into residential properties. Some cities are even offering attractive tax incentives to developers who take on the task of constructing new housing units. During a news conference in December 2022, Washington, DC Mayor Muriel Bowser expressed …
Virojt Changyencham | Moment | Getty Images Office Demand Declines Office space demand is declining due to the rise of remote and hybrid work. According to McKinsey’s predictions, by 2030, the demand for office space will decrease by up to 20% compared to 2019 levels, depending on the city. This decline is influenced not only …
A home for sale in San Francisco, California, displaying a for sale sign. Image credit: Justin Sullivan | Getty Images Home prices in the United States reached a record high in May, with a national increase of 0.7% compared to April’s seasonally adjusted rate, according to the Black Knight Home Price Index. From January to …
During periods of market volatility, it is crucial to consider your other assets and approach your portfolio holistically, advises Lazetta Rainey Braxton, a certified financial planner and the co-founder and co-CEO of virtual advisory firm 2050 Wealth Partners. Braxton, who is a member of CNBC’s Financial Advisor Council, emphasizes the need for investors to understand …
Over the past year, U.K. homeowners and prospective buyers have faced increasing borrowing costs as the Bank of England attempts to control persistently high inflation. Source: Anadolu Agency | Anadolu Agency | Getty Images In June, U.K. house prices experienced their fastest annual decline in 12 years, as rising mortgage costs added more pressure to …
A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage reached a new high of 7.22% on Thursday, as reported by Mortgage News Daily. This surge in mortgage rates is the highest …
Intriguing Real Estate Market Trends David Paul Morris | Bloomberg | Getty Images The real estate market experienced a surge in mortgage rates last week, reaching its highest level since May. Consequently, this increase had a negative impact on mortgage demand. According to the Mortgage Bankers Association, total mortgage application volume dropped by 4.4% compared …
In Laguna Woods, California, a captivating house is currently on the market, ready to be sold. (Image: Scott Mlyn | CNBC) Individuals searching for homes in the resale market are well aware of the scarcity of options available. However, the situation is about to become even more challenging. According to Realtor.com, the number of homes …
A transformation is about to take place across the United States, as Bed Bath & Beyond stores make way for a new era of businesses led by Burlington Stores. The struggling home goods retailer recently auctioned off its leases as part of its bankruptcy proceedings, and Burlington emerged as the top bidder, securing 44 locations …