Real Estate

Courtney Keating | Getty Images Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, to the highest level since August 2022, according to the Mortgage Bankers Association’s seasonally adjusted

With San Francisco facing record high commercial vacancies, one mayoral candidate has a plan to reshape the city’s business district and surrounding areas. Democrat Mark Farrell, former interim Mayor, is proposing a 20-year vision to revitalize San Francisco’s downtown in a bid to help the city bounce back from challenges exacerbated by the pandemic. His

America is embroiled in a housing crisis. The supply of homes is tight. The supply of affordable homes is even tighter, and persistently high mortgage rates make things even worse. But the extent of the problem varies from state to state. That is why companies take the local residential real estate market into account when

Oscar Wong | Moment | Getty Images Not every renter wanting to buy a home dreams of ditching their lease. Some wish to remain tenants even as they become landlords. The concept behind “rentvesting” is that an individual rents their primary residence in one city and then buys an investment property somewhere else that they

A home available for sale is shown on May 22, 2024 in Austin, Texas.  Brandon Bell | Getty Images When Rachel Burress moved into her mother’s house around a decade ago, it seemed like a short-term stop on the path to homeownership. The 35-year-old hairdresser spent those years improving her credit score and saving for

Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken

The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel Petroni The owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and hidden personality below. While the upper levels are adorned with

The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a

Housing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the pandemic era. Its painfully slow decline is the main impediment keeping the consumer price index from falling back to policymakers’ target, economists said. “We see it as the last remaining leg” before CPI

Thianchai Sitthikongsak | Moment | Getty Images The recent run-up in home prices, a staggering increase of more than 40% from pre-pandemic levels, should have current homeowners rushing to refinance. But for most, pulling that cash out simply costs too much now that interest rates are more than twice what they were just two years

Pedestrians near Salesforce Tower in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market. The vacancy rate for San Francisco office space

A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales

A townhouse for sale in the Upper East Side neighborhood of NYC.  Adam Jeffery | CNBC Some of the heat is coming out of home prices, even though they’re still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after

Vm | E+ | Getty Images Buying a home and maintainingit is expensive, but selling it is costly, too, according to a new report. It typically costs $54,616 to sell a house in 2024, according to a June 17 report from Clever Real Estate. Almost half of surveyed home sellers, or 42%, said their costs

Tourists walk through a park in Chicago, on May 26, 2024.   Jamie Kelter Davis/Bloomberg via Getty Images Many major U.S. cities have seen apartment prices soar in the past year, even as the typical American has seen pandemic-era rent inflation cool substantially. For example, renters in Syracuse, New York, saw monthly rents for one- and

An aerial view shows a subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Illinois. Scott Olson | Getty Images After a weaker-than-expected spring housing market, summer looks no better. High home prices continue to rise, mortgage rates aren’t coming off recent highs, and consumers are unimpressed by the

Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history. Prices in April rose 6.3% compared with the year-earlier month, according to the S&P CoreLogic Case-Shiller National

Thana Prasongsin | Moment | Getty Images The typical newly built house on the market these days is smaller than those for sale a decade ago. Whether that is a good or bad sign will depend on your priorities for your future home.  In the first quarter of 2024, a single family home newly under

10’000 Hours | Digitalvision | Getty Images There are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator. When the counties are sorted by index rank, Iroquois County, Illinois is the least difficult market to buy a home, according to

Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units, according to the National