WASHINGTON, Nov 26- Contracts to buy previously-owned U.S. homes unexpectedly fell in October, dropping to their lowest level in four months and casting a shadow over the housing market's recovery. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, dropped 1.1 percent to 104.1.» Read More
A recent study shows millenials are shrinking away from homeownership. Glenn Kelman, Redfin CEO, shares his thoughts on the future of housing and a change in the American psyche from owner to renter.
WASHINGTON, June 23- U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/ 2 years, suggesting that housing was pulling out of a recent slump. The National Association of Realtors said on Monday existing home sales increased 4.9 percent to an annual rate of 4.89 million units.
DUBAI, June 8- Low residential rental yields in Dubai and Abu Dhabi may indicate growing imbalances and overheating in the real estate sector, the United Arab Emirates central bank said on Sunday, in the first official warning about soaring property prices.
Tai Hui, Chief Market Strategist, Asia at J.P. Morgan Funds, expects Hong Kong and Singapore property prices to cool as a result of government measures instead of higher U.S. borrowing costs.
Jon Neale, head of research at Jones Lang LaSalle, says there is no broad-based recovery in the U.K. housing market as prices are rising at different paces around the country.
Many Russians who own property around the world ask the help of multilingual real estate consultants when looking at New York real estate. NYT reports.
The NBA legend had listed the property for $29 million, then $21 million.
Wells Fargo is cutting 2,300 jobs from in the mortgage production unit,the company said on Wednesday.
Applications for U.S. home mortgages fell last week, driven by a decline in demand for refinancing loans as mortgage interest rates remained at a two-year high.
Carlo Sant'albano, Executive Chairman at Cushman & Wakefield explains why he's positive on the long-term performance for Asian real-estate despite the surge in home prices.
Americans who have trouble dividing 300 by 2 are much more likely to end up in foreclosure than consumers with average math skills, according to a new study.
I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
Another surge in interest rates pushed prospective U.S. homebuyers to act as demand for applications for mortgages, which rose for the first time in a month.
Dolly Lenz, Prudential Douglas Elliman, says smart sellers are catering to the new buyers from Asia. She believes buyers from China make up about 10 percent of the market. "That's a lot," she adds.
Interest rates on U.S. mortgages continued to surge last week, rising above four percent for the first time in a year and driving down demand from homeowners to refinance.
Sales of bank-owned homes plunged to a five-year low, the latest evidence that foreclosure woes are easing as the U.S. housing market recovery gains momentum.
Applications for U.S. home mortgages fell last week for the first time in more than a month as interest rates jumped, sapping demand for refinancing.
Applications for U.S. home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year.
Founder and chairman of Beijing Zhongkun Investment Group, Huang Nubo, made headlines when he tried to buy 300 km in Iceland, but he tells CNBC that his main focus remains on China.
Michael Klibaner, Regional Director, Head of Research, Greater China at Jones Lang LaSalle says transaction volumes in China's property market peaked in March and will therefore slow in Q2.