real estate

recession risks, housing downturn after third rate hike

The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central …

recession risks, housing downturn after third rate hike Read More »

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise …

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now Read More »

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise …

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now Read More »

Shimao, a big Shanghai real estate developer, defaults on debt

Hong Kong CNN Business — Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong …

Shimao, a big Shanghai real estate developer, defaults on debt Read More »

Great America to shut within 11 years as land in Santa Clara is bought

SANTA CLARA — The Great America theme park’s final rides are in view now that one of the Bay Area’s biggest real estate developers has bought the land beneath the iconic Santa Clara amusement center for $310 million. The beloved amusement park could shut as soon as six years from now — and by no …

Great America to shut within 11 years as land in Santa Clara is bought Read More »

The US cities where homes are most at risk from hurricanes and other storm damage

As the country enters hurricane season From June 1 to the end of November, homes in New York and Miami are at the highest risk for property damage, according to a report released Wednesday from housing-research firm CoreLogic. Overall, more than 33 million homes in America are at risk of suffering damage from hurricanes, according …

The US cities where homes are most at risk from hurricanes and other storm damage Read More »

The US cities where homes are most at risk from hurricanes and other storm damage

As the country enters hurricane season From June 1 to the end of November, homes in New York and Miami are at the highest risk for property damage, according to a report released Wednesday from housing-research firm CoreLogic. Overall, more than 33 million homes in America are at risk of suffering damage from hurricanes, according …

The US cities where homes are most at risk from hurricanes and other storm damage Read More »

The US housing market is teetering on recession. Will the economy soon follow?

The last time the housing market suffered a major meltdown in 2006, it took the entire US economy with it. But history never follows the exact same script twice. The weakening housing market is undoubtedly going to hurt the economy. Single-family home construction fell to a 1 million annual pace rate in May from a …

The US housing market is teetering on recession. Will the economy soon follow? Read More »

Millennial millionaires are delaying home, car purchases due to inflation

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 …

Millennial millionaires are delaying home, car purchases due to inflation Read More »