Nick Ivan 
A sign is displayed in front of a house for sale in San Francisco, California on June 9, 2023. Justin Sullivan | Getty Images The National Association of Realtors reports that sales of pre-owned homes remained relatively stable in May compared to April. There was a modest increase of 0.2% in the seasonally adjusted and …
A real estate agent showcases a potential buyer a home while they explore houses in Coral Gables, Florida. Image Credit: Joe Raedle | Getty Images The 30-year fixed-rate mortgage, which is the most popular type of mortgage, experienced its third consecutive weekly decrease in average rates. However, the demand for mortgages remained relatively unchanged. According …
Metropolitan Park is the first phase of Amazon’s new Arlington headquarters, called HQ2. Tasha Dooley When Amazon first announced plans for a second corporate headquarters in 2017, it sparked a fierce competition. Virginia emerged victorious, beating out 237 other contenders to secure the project. Virginia Gov. Glenn Youngkin recently attended the opening of the newly …
A folk artist meticulously paints the eyes of a dragon on a dragon boat in preparation for the upcoming Dragon Boat Festival in Dongguan, Guangdong Province of China, on May 27, 2023. Image Source: Vcg | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. …
General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Hector Retamal | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they …
As interest rates have risen, homebuyers have faced higher borrowing costs. In response, more home purchasers are choosing to buy mortgage points to mitigate the impact of increased monthly payments. Mortgage points allow buyers to pay an upfront fee in order to lower the interest rate on their loans. In some cases, sellers may assist …
A series of underwhelming economic data from China in May has sparked hope for significant policy interventions. Market analysts are eagerly awaiting the next steps from China’s State Council and a Politburo meeting in July, where the Communist Party’s top officials will assess the country’s economic performance in the first half of the year. related …
Ethan Miller | Getty Images News | Getty Images Mortgage rates are expected to stay high despite the recent pause by the Federal Reserve on interest rate hikes. While this may benefit fixed-income funds in California, it poses a setback for affordable housing in the state, according to Fiona Ma, the California state treasurer, who …
View Press | Corbis News | Getty Images The current state of rent prices in the United States has rendered them unaffordable for many low-wage earners. A full-time worker in the U.S. must earn an average of $28.58 per hour to afford the rent of a modest two-bedroom apartment in their local area. In high-cost …
After more than a year of consistently increasing rates, the Federal Reserve decided to maintain its target federal funds rate on Wednesday. However, this offers little relief for households who continue to face high borrowing costs. Economist Tomas Philipson predicts that rates will not decrease and, in fact, borrowing costs are likely to climb even …