- 'If your parents are homeowners, you're more likely to be a homeowner,' housing expert says. Here's why
Several factors may affect your path toward homeownership — one may be your parents. Here are a few reasons why.
- Germany’s housebuilding sector is in a 'confidence crisis' as the economy struggles
Germany’s housebuilding sector has gone from bad to worse in recent months as it is in a "confidence crisis," one CEO says.
- Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting
Sales of previously owned homes rose in January, boosted by lower mortgage interest rates of November and December.
- 'Who's going to do that?': Trump faces hurdles in securing appeal bond for fraud case
Donald Trump plans to fight the massive fine he received in his New York business fraud case. But first, he has to secure a bond — and that might not be easy.
- With mortgage rates remaining high, renting is less expensive than buying
While both housing and rent prices have outpaced wage growth in most areas, renting can be less expensive in most markets.
- 52% of Black Americans say homeownership is a mark of success, report finds. But it can conflict with other goals
While homeownership is a path to build wealth, a mortgage payment and other housing-related expenses can cause financial strain.
- Mortgage demand takes a massive hit as interest rates cross back over 7%
Applications for a mortgage to purchase a home fell 10% last week as interest rates surged to the highest level since early December.
- More Black women are becoming homeowners — it doesn’t mean it's easier, economist says
While Black women in the U.S. are outpacing Black men as homebuyers, buying still isn't easy. Here are a few hurdles that affect homeownership for Black women.
- Strong earnings and an online advertising play by Walmart have us wondering about Costco
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
- 2 out of 5 industrial stocks are at record highs. Here's our post-earnings outlook on all of them
Earnings season was not perfect for our industrial-focused portfolio companies, but we're feeling pretty good about their prospects.
- Trump ordered to pay $454 million in fines and interest in NY business fraud case
The fraud trial ruling comes as Donald Trump seeks the Republican presidential nomination, setting up a likely rematch with President Joe Biden.
- Mortgage rates shoot to 2-month high after new report shows inflation is still hot
The average rate on the 30-year fixed mortgage jumped to 7.14%, according to Mortgage News Daily. That is the highest level in two months.
- People are moving out of cities with poor air quality — but many end up facing other climate risks
Renters and homeowners are beginning to factor climate risks into moving decisions. Yet, affordability remains the deciding factor.
- Mortgage rates surge higher again, causing homebuyers to pull back
Mortgage rates are rising sharply again, causing mortgage demand to drop.
- Black Americans still face 'disproportionately steep hurdles' to homeownership, expert says
While homeownership remains out of reach for many Black people in the U.S., there are two things buyers should do to increase their chances.
- What the Year of the Dragon means for businesses, according to Maybank's fengshui report
Maybank Investment's fengshui report for 2024 takes a look at which sectors will outperform and which will face headwinds in the Year of the Dragon
- The stock market decline on hotter inflation presents a buying opportunity. Here's why
Wall Street took a nosedive Tuesday following the before-the-bell release of hotter-than-expected January consumer inflation data.
- New student loan repayment plan could make it easier for borrowers to become homeowners
A new, more affordable repayment plan for federal student loan borrowers may come with another advantage: It could make it easier to become a homeowner.
- China's biggest problem is a 'lack of confidence,' Standard Chartered CEO says
Investors are closely watching China, whose stock market gyrations, deflation problem and property woes are casting a shadow over global growth outlook.
- Renters are most exposed to climate hazards in these two states, a Harvard study finds
Here are the areas where renters are the most exposed in the U.S. California and Florida have the biggest hot spots.
- NYCB woes reignite fears about shaky banks as anniversary of March crisis nears
Investors have worried that commercial real estate losses could trigger more turmoil after deposit runs consumed Silicon Valley Bank and Signature last March.
- More than 18 million rental units at risk from climate hazards as extreme weather becomes more common, Harvard study finds
As extreme weather and climate-related hazards become more frequent across the U.S., renters face particular challenges.
- Weekly mortgage demand from homebuyers is flattening as interest rates rise
Mortgage demand is struggling to contend with a what now appears to be another upswing in interest rates. Homebuyers in particular are pulling back.
- Adam Neumann is trying to buy WeWork, but Third Point says financing not committed
Billionaire Adam Neumann is trying to buy back bankrupt real estate company WeWork, DealBook reported Tuesday.
- Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit
Insurance companies are reducing coverage in climate-dangerous markets, leaving many homeowners without affordable property insurance options.
- Mortgage rates jump back over 7% as stronger economic data rolls in
Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.
- Why U.S. renters are taking corporate landlords to court
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
- Rental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report finds
Half of renters in the U.S. are considered cost-burdened, meaning they spend 30% or more of their income on housing, a Harvard study found.
- IMF expects new housing demand in China to drop by around 50% in the next decade
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country's overall growth.
- Japan's Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast
Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% — the Nikkei 225 benchmark was up 0.5%.