Real Estate - Page 3

The Bank of America announced it will not require down payments on loans in certain primarily Black and Hispanic neighborhoods in five U.S. cities. 

A sharp drop in mortgage rates in July probably explains the shallower drop in pending sales.

A much bigger drop than expected.

The Cambodian city of Sihanoukville was a major international resort destination before the Wuhan coronavirus pandemic crippled its tourism industry. The city is now littered with empty and half-finished “ghost buildings” abandoned by Chinese investors. According to local entrepreneurs, these unsightly gang-infested husks are keeping the tourism industry from making a comeback.

Former WeWork CEO and co-founder Adam Neumann is attempting to make a comeback in the form of a residential real-estate venture that has already lined up funding and is valued at more than $1 billion.

Construction of single-family homes has fallen below its prepandemic level.

Homebuilder sentiment weakened for the eighth straight month, falling into negative territory for the first time since the pandemic first hit.

Lawmakers are concerned about a Chinese company’s purchase of farmland in North Dakota just miles away from Grand Forks Air Force Base.

China’s purchase of American homes and land is a “huge problem,” Republican Florida Gov. Ron DeSantis said in an interview.

Sales of new homes in the U.S. plunged 8.1 percent to a seasonally-adjusted annual rate of 590,000 in June, a far slower pace than expected by economists.

Chinese investors are gobbling up homes, farms and other properties in the U.S., statistics in a real estate market report show

Higher rates and high prices are clobbering demand for mortgages.

After backlash from politicians and the public, the European Union has abandoned plans to buy an $18 Million New York townhouse for its U.N. Ambassador.

Longer-term Treasury yields fell last week on recession feaers, dragging down mortgage rates.

Single-family home construction came to a standstill.

A report from a website focused on home buying shows the price of housing in the U.S. is soaring — up 21 percent since the start of 2021.

The rise in home costs has posed a challenge in purchasing homes for LGBTQ community members in particular, according to a recent CNBC real estate piece that drew ridicule for its misleading nature and “virtue signaling.”

High home prices and rising mortgage rates are pushing more people to rent, driving up rents.

The European Union is looking to spend $18 million on a massive 5,300ft2 New York residence for the bloc’s ambassador to the United Nations.

Home builders slammed on the brakes in May as interest rates and inflation soared.

Higher borrowing costs are pushing buyers out of the market.

Manufactured homes have long been a way for lower-income people to become homeowners but now this demographic is also feeling the pressure of rising costs and many fear for their future.

The uncertainty of the U.S. economy under Joe Biden is also affecting those in the market for buying a home.

Home prices are rising at a record pace.

Pending home sales fell by more than twice what was expected.

A sharp slowdown in home sales can be a tell-tale sign that an economic slump is lurking ahead.

Jeff Bezos, one of the richest men in the world, wants to expand his portfolio to include investments in single-family home rentals.

The rising costs of housing is making it harder for U.S. families to own a home, which is increasing the riches of landlords.

New York City is open for business, which also means the low rent prices during the pandemic are now going up, forcing some tenants out.

Canada has proposed a two-year prohibition on foreigners buying real estate, in a potential shot across the bow against Communist China.

The rental prices for a single-family homes are at an all-time high, increasing an average of 7.8 percent in 2021.

Corporations are buying up mobile home parks across the U.S. and owners of the manufactured housing are being hit with increased rent for lots and new property requirements.

Home prices are surging even while mortgage rates are climbing, creating an affordability crunch.

The usual relationship of completions to construction has been flipped on its head for nine months.

Compared with a year ago, construction spending was up 8.2 percent. Single-family home construction spending was up 15.4 percent.

The median price of a new home was $423,300 in January, a seven percent from $395,500 the previous month, reflecting the Bidenflation hitting construction materials.