- Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that
Bank of America has established a $15 billion initiative to help Americans buy homes. So far, the company says it has helped 29,000 people reach that goal.
- China may be moving toward easy monetary policy, but it will have to tread delicately
China's central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy.
- Sales of existing homes rose in September, likely due to a brief decline in mortgage rates
Sales of existing homes rose 7% last month, likely driven by a brief decline in mortgage rates.
- China Evergrande shares plunge 12.5%, after $2.6 billion asset sale falls through
China Evergrande shares fell 12.5% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings.
- Peter Thiel's luxury New Zealand lodge opposed by environmental group
Peter Thiel's proposed luxury lodge in New Zealand has been opposed by a local environmental group who believe it is "inappropriate" for the natural landscape.
- Evergrande is 'just the beginning': Professor says more firms must exit China's property sector
Li Gan, economics professor at Texas A&M University, said China's real estate sector has to be "substantially smaller" to stabilize as housing demand falls.
- Weekly mortgage demand drops over 6% after interest rates move even higher
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases.
- How Evergrande found itself on the wrong side of China's regulators
Evergrande made little progress toward complying with China's crackdown on real estate debt until it was too late for investors who put money into its offshore bonds.
- Single-family rents are surging, and investors are flooding the market
Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof.
- This could be the worst market for a first-time homebuyer, experts say
Covid has kicked the housing market into high gear. At the end of September, the average home price was up 14% from the same month last year, and 30% from 2019.
- Defaults loom over more property developers as China reassures investors on Evergrande
Amid the Evergrande crisis, more Chinese developers are facing defaults, as ratings agencies dished out a fresh round of downgrades.
- Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say.
- Homebuilder sentiment bounces back despite ongoing supply chain problems
Homebuilder confidence rose in October thanks to strong buyer demand.
- Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin
United Wholesale Mortgage is ditching its plan to accept crypto payments after its two-month pilot.
- China's central bank says Evergrande is unique and most real estate developers are stable
The People's Bank of China said Friday indebted developer China Evergrande is its own case, and that most real estate businesses are stable.
- Foreclosures are surging now that Covid mortgage bailouts are ending, but they're still at low levels
Foreclosures are starting to surge as programs designed to help homeowners contend with the Covid pandemic have begun to expire.
- Barry Sternlicht says the 'deck is stacked' in China and he's not a fan of investing there
The global real estate investor told CNBC it's tough to invest directly in countries such as China where "we think the deck is stacked."
- Weekly mortgage demand stalls, as rates jump to highest level since June
Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance.
- Morgan Stanley upgrades China property to 'attractive' despite default fears
The U.S. investment bank said it believes that policy easing of the property sector looks likely to kick in, which will support Chinese real estate stocks.
- Today's tight housing market is already overbuilt, one analyst says
House hunters today know the pickings are slim, the competition is fierce and the prices are high, but one analyst said too many houses are being built.
- Dubai’s economy shows promising growth after slumping 11% last year
The real estate sector, which was already several years into decline when the pandemic began, is seeing a strong but uneven rebound.
- As mortgage rates shoot even higher, refinance demand plummets 10%
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand.
- An entire block of vacant storefronts: Delayed office return plans stymie midtown Manhattan's recovery
As of this summer, nearly 30% of the retail storefronts in Midtown East and around Grand Central were vacant, according to a new report from REBNY.
- How much house can you afford? Here’s what first-time homebuyers need to know
More than a quarter of buyers this year blew past their initial home-buying budget.
- Even with low interest rates, mortgage payments are increasingly unaffordable
A median-income household would need to spend 32.6% of its annual earnings to own a median-priced home, according to the Atlanta Fed.
- Chinese developer misses bond payment as stress spreads beyond Evergrande crisis
There are increasing signs of stress in China's property market after ratings agencies downgraded Fantasia and Sinic over debt concerns.
- Indebted Evergrande set to raise more cash from partial sale of its property services unit
Buckling under the weight of more than $300 billion in debt, Evergrande has been trying to offload stakes in other assets.
- Take a tour of the $55 million penthouse that towers over New York's Hudson Yards
More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007.
- Mortgage demand falls as rates rise to highest level since July
Higher rates caused mortgage demand to drop for refinances and home purchases.
- Pending home sales surged more than expected in August after two months of declines
Buyers encountered higher inventory and slightly more favorable prices as pending sales rose better than expected.