An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images Homeowners looking to refinance are finding savings after mortgage rates dropped again last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming
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The East China headquarters of Country Garden is being shown in Zhenjiang, Jiangsu Province, China, on October 10, 2023. Nurphoto | Nurphoto | Getty Images Embattled Chinese real estate developer Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg
The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week after recent signs the economy is in fairly good shape and as inflation continues to drift lower. “While there’s been talk about an imminent recession going back to early last year, the U.S. economy has
Former President Donald Trump wrote in a social media post on Sunday that he won’t testify in his $250 million civil fraud trial in New York on Monday. “I will not be testifying on Monday,” Trump wrote in an all-caps, multi-part post on Truth Social. Trump had previously been expected to return to the witness
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Source: Bloomberg Bloomberg | Bloomberg | Getty Images BEIJING — China
Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%,
itsskin | Getty High interest rates have pushed many would-be home sellers and buyers to the sidelines in 2023. Yet there are signs both sides may be more willing to take on a high-rate mortgage if other key factors aligned. More than half — 54% — of homeowners said they would move if they found
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty Images China’s recent policy support is aimed at fixing its system and shouldn’t be seen as economic stimulus, according to Societe Generale’s Asia chief economist and head of research. “Actually, to be frank, I don’t think anything [that]
If you know what you want, ask for it. That’s the lesson to be learned from the recent sale of a preconstruction home on Providenciales, an island in the Atlantic Ocean’s tropical Turks and Caicos archipelago. Originally marketed for $7.75 million as a five-bedroom, 5.5-bathroom villa with close to 8,000 square feet of living space,
Whether you’re starting out in real estate, or have been involved in your profession for decades, the reality is that errors will happen. Part of growing both personally and in your line of work involves making mistakes. It’s often what happens after a misstep that is most important. If you can reflect on the event
Nashville skyline at dusk. John Greim | LightRocket | Getty Images Over the past 30 years, Nashville, Tennessee — a city known for country music — has seen a flood of transplants moving from higher-cost cities. For new residents, “everybody has a different story,” said Jeff Hite, chief economic development officer of the Nashville Area
Former U.S. President Donald Trump looks on, as the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James continues, in New York City, U.S., October 3, 2023. Eduardo Munoz | Reuters A New York appeals court Thursday reinstated a gag order
It’s hard to imagine in today’s modern real estate market that an early home of Italian Renaissance artist Michelangelo still exists. But it does and recently changed hands in Florence, Italy. The historic residence, built between the 14th and 15th centuries, is where the young Michelangelo di Lodovico Buonarroti Simoni grew up and honed his
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Mortgage rates fell last week for the fourth time in five weeks, and homebuyers appear to be responding. Demand from current homeowners to refinance, however, fell sharply. That left total mortgage application volume essentially flat last week, up just
As employers recognize the link between employee health and productivity, office wellness programs and initiatives are evolving from a mere perk to a fundamental part of workplace culture and design. Extending beyond the traditional scope of healthcare, these amenities include a holistic approach towards physical, mental, and emotional health that tenants have come to expect—and
For many cities and towns across the globe, modernity is a major point of pride. For others, a communal sense of esteem is achieved by efforts at conservation. Then, there are cities such as San Miguel de Allende in central Mexico, where progress and tradition share the same cobblestone streets. Nowhere in San Miguel is
Visoot Uthairam | Moment | Getty Images There is more pain to come in the office real estate market across the U.S., with maturing debt needing to be refinanced and a wave of expiring leases, but there is also what may seem at first brush to be a counter-intuitive message being sent to top tier
Who among us hasn’t inadvertently burned a pot or pan – or two? However, some people routinely burn cookware to the point of no return. And as a result, these individuals end up with mismatched cookware sets that look like they survived a 5-alarm house fire. Trust me, these people would welcome new, matching cookware
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the
Question: What could turn office-bound wage earners into digital nomads faster than a fully equipped Winnebago? Answer: The Covid-19 pandemic, of course. Covid liberated once-inert employees to move freely and work where they chose. For many, what they chose was the chance to travel widely, working from hotels and other hospitality industry settings. Marrying work
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