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Real Estate
Homebuilder sentiment in January rises for the first time in a year
Builder sentiment in the single-family housing market posted an unexpected gain in January, rising for the first time in 12 straight months. Economists had predicted a slight decline.Sentiment rose 4 points to 35 on the National…
Existing home sales drop in December to slowest pace since 2010
Homes in Rocklin, California, US, on Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin.David Paul Morris | Bloomberg | Getty ImagesSales…
What at-risk tenants can do as evictions pick up across the U.S.
Ed Jones | Afp | Getty ImagesBetween rents rising and most pandemic-era eviction bans having expired, the number of tenants coming home to find notices on their doors is picking up.In just the first week of January, the Eviction Lab at…
How to get your credit score above 800 and keep it there
Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan.FICO scores, the most popular scoring model, range from 300 to 850. A "good" score generally is above 670, a "very good" score is…
Mortgage demand jumps, as interest rates drop to lowest in months
Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion.Mortgage application volume jumped nearly 28% last week compared with the previous week,…
Developers lack enough groundwater to build in desert west of Phoenix
home is being built in in Rio Verde Foothills, Arizona, U.S. on January 7, 2023.The Washington Post | Getty ImagesDevelopers planning to build homes in the desert west of Phoenix don't have enough groundwater supplies to move forward…
Condo king of Miami Jorge Perez bets big on Fisher Island
Just off the coast of Miami Beach, on ultra-exclusive Fisher Island, there is one crane on one construction site. It is the last plot of land available for development and an unlikely bet on luxury real estate at a time when the housing…
Sweden is facing its ‘day of reckoning’ as house prices plummet
In 2022, Sweden's central bank undertook an aggressive interest rate hiking cycle that ricocheted through the property market.JONATHAN NACKSTRAND / Contributor / Getty ImagesSweden's property prices are facing a serious drop as the…
China’s reopening set to boost Hong Kong’s property market
In light of China's reopening and easing of Covid rules, Hong Kong's property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The retail market in particular will reap the "best…
Mortgage refinance demand surges, as homeowners take advantage of lower
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York.Scott Mlyn | CNBCAfter rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners…