CNBC

International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar all make the purchases much less financially attractive.  From April of last year to this March, international buyers bought roughly 84,600 homes; that’s the lowest number since More

The threat of tornadoes is rising as the weather conditions that create them are becoming more frequent and widespread due to global warming, experts say. That means a lot of areas that rarely see these storms are now in their paths.The U.S. experienced six times more billion-dollar severe storms in the past decade than in More

The Supreme Court in a unanimous decision Wednesday ruled that a California woman could not use U.S. bankruptcy code protection to avoid paying a $200,000 debt that resulted from fraud by her partner.The court said that the woman, Kate Bartenwerfer, owed the debt even if she did not know about her husband David’s misrepresentations regarding More

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: Oscillator says market still oversold Our trades on DVN and CRM Quick mentions: HON and LLY Watching these bullpen stocks 1. Oscillator says market still oversold Stocks were in the… More

From above, the 2,000-acre new housing development just outside Austin, Texas, looks much like any other. Each home has solar panels, but that’s no longer uncommon.But the Whisper Valley community is entirely unique thanks to what lies below. Far below.The master-planned community, which will eventually include multifamily units and garden apartments in addition to single-family… More

Fifth Wall, a venture capital firm focused on real estate technology, is tripling down on its bet that climate tech will become an integral driver in the real estate space.It just announced commitments of half a billion dollars to close its inaugural Climate Fund, which launched with $116 million in August of last year. It… More

Millennial millionaires are temporarily shelving major purchases as interest rates and inflation rise, according to CNBC’s Millionaire Survey.Nearly half of millennial millionaires say higher borrowing costs are causing them to delay buying a car, and 44% say higher interest rates have caused them to delay purchasing a home, according to the survey. More than a… More

RgStudio | E+ | Getty ImagesNew government data showing record high inflation probably comes as no surprise to consumers who are facing sticker shock everywhere from the grocery aisles to the gas pump.Now, all eyes are on the Federal Reserve, which is expected to continue to raise interest rates to try to tamp down inflation.The… More

For most Americans, the surging cost of living is weighing heavily on their wallets.”Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,'” said Mark Hamrick, senior economic analyst at Bankrate.com.After the Fed raised interest rates for the first time in more… More

The Federal Reserve raised its target federal funds rate by a quarter percentage point from near zero at the end of its two-day meeting Wednesday.The first increase in the benchmark rate in three years will lay the groundwork for six more hikes by year’s end.”The war in Eastern Europe gives the Fed reason to act more cautiously, but they will… More

The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it.Marc AngelesA 105,000-square-foot Los Angeles mega-mansion that was listed for $295 million sold at a bankruptcy auction for $141 million, ending a 10-year-saga of soaring debt and failed dreams.The auction for… More

A man walks to his friend’s home in a neighbourhood without electricity as snow covers the BlackHawk neighborhood in Pflugerville, Texas, U.S. February 15, 2021.Bronte Wittpenn | Austin American | RuetersIn 2021, there were 20 climate disasters that each resulted in losses of at least $1 billion in the U.S., according to NOAA.That wreaked havoc… More

A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York.Raychel Brightman | Newsday LLC | Newsday | Getty ImagesMortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance. While that… More

There’s a “big risk” of real estate companies filing for insolvency when interest rates rise, according to a partner at consulting firm Kearney.Nils Kuhlwein pointed out that the global financial crisis of 2008 started with a real estate and housing price bubble and mortgage defaults in the United States.”What we are now seeing again, 13… More