Latest stories

  • sales-of-newly-built-homes-tank-as-affordability-hits-buyers
    in

    Sales of newly built homes tank as affordability hits buyers

    Construction materials for a new home being built by CastleRock Communities in the Sunfield neighborhood of Buda, Texas, U.S., on Wednesday, Nov. 10, 2021.Matthew Busch | Bloomberg | Getty ImagesAt some point the price is just too high. That may be increasingly the case for potential buyers of newly built single-family homes.Sales of those homes… More

  • new-york-city-rents-jump-22.8%-in-november,-as-the-rental-market-bounces-back
    in

    New York City rents jump 22.8% in November, as the rental market bounces back

    The New York City rental market is regaining strength.In November, the net effective median rent for Manhattan rose 16.7% compared with last year, according to the most recent rental report from brokerage firm Douglas Elliman and real estate appraisal firm Miller Samuel. That’s the second-straight month of record rates.”We’re in many ways shocked, and we’ve… More

  • german-central-bank-warns-of-overblown-property-prices-with-the-problem-spreading
    in

    German central bank warns of overblown property prices with the problem spreading

    Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar.”We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the Bundesbank… More

  • borrowers-rush-to-refinance,-as-mortgage-rates-drop-for-a-second-week
    in

    Borrowers rush to refinance, as mortgage rates drop for a second week

    A property for sale in Monterey Park, CaliforniaFrederic J. Brown | AFP | Getty ImagesMortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application volume rose 5.5% last week compared with the previous week, according to… More

  • second-largest-us.-mortgage-lender-ditches-its-plan-to-accept-payments-in-bitcoin
    in

    Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

    U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin.United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia now tells CNBC that after testing it out, the company… More

  • mortgage-demand-falls-as-rates-rise-to-highest-level-since-july
    in ,

    Mortgage demand falls as rates rise to highest level since July

    Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.Getty ImagesHigher interest rates took some recent wind out of the sails in the mortgage market.After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according to the Mortgage Bankers Association’s seasonally… More

  • new-york-extends-eviction-protection-for-renters-until-jan.-15
    in

    New York extends eviction protection for renters until Jan. 15

    A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020.Erik McGregor | LightRocket | Getty ImagesNew York state lawmakers have voted to extend an eviction protection for… More

  • second-largest-us.-mortgage-lender-will-accept-payment-in-bitcoin
    in

    Second-largest U.S. mortgage lender will accept payment in bitcoin

    Starting later this year, U.S. homebuyers will have the option to pay for their mortgage in bitcoin.United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, announced plans this week to accept cryptocurrency for home loans, in what is being billed as a first for the national mortgage… More

  • china’s-crackdown-on-housing-speculation-levels-the-playing-field,-major-asian-real-estate-group-says
    in

    China’s crackdown on housing speculation levels the playing field, major Asian real estate group says

    Easy credit is becoming less available in China’s real estate market, but CapitaLand Group’s Andrew Lim says fiscally prudent firms could stand to benefit.”In the current climate where other companies may be more fiscally challenged without access to credit, we’re now in the position to sort of level the playing field,” Lim, CapitaLand’s group chief… More

  • ratings-agencies-downgrade-china-evergrande-as-concerns-over-junk-bonds-rise
    in

    Ratings agencies downgrade China Evergrande as concerns over junk bonds rise

    Major credit ratings agencies this week downgraded China’s most indebted property developer Evergrande, as concerns over Asia’s junk bond sector rise. Fitch Ratings on Wednesday downgraded China Evergrande one notch from B to CCC, saying that the negative developments surrounding Evergrande may weaken investor confidence, further pressuring its liquidity. A rating of CCC means there’s a “real… More

Load More
Congratulations. You've reached the end of the internet.