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Real Estate
Why competition in the housing market is cooling off
Goodboy Picture Company | E+ | Getty ImagesMore homeowners are listing their homes for sale, but properties are taking longer to sell as potential buyers face high prices and interest rates.New listings from home sellers jumped in May,…
Here’s how to avoid surprises with home maintenance costs
Senior couple repairing kitchen cabinet at homeMomo Productions | Digitalvision | Getty ImagesAlex Marrero and his wife bought their first home this spring in Coral Springs, Florida — and the couple has already spent nearly $17,000 on…
9 stocks that can benefit from Fed interest rate cuts
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC…
Brief drop in mortgage rates caused surge in mortgage applications
A new home is marked sold at a subdivision called Pintail Commons by Landsea Homes in Johnstown, Colorado on June 10, 2024. RJ Sangosti | MediaNews Group | Denver Post | Getty ImagesMortgage rates dropped for much of last week, causing…
Why high interest rates make it tough to tap home equity
Cultura Rm Exclusive/twinpix | Image Source | Getty ImagesHome equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.Total home equity for U.S. mortgage holders rose to…
NOAA expects 4 to 7 major hurricanes in 2024. How to prepare your home
Hurricane Irma strikes Miami, Florida, in 2017.Warren Faidley | Getty ImagesHurricane season has officially begun.With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more…
Ford restores Detroit train station for $950 million campus
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit's downfall and blight into a new technology campus for the automaker and mixed-use property for the city.Michael Wayland / CNBCDETROIT –…
Dubai Mall is getting even bigger with a $400 million expansion
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023.Jakub Porzycki | Nurphoto | Getty ImagesDUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even…
Real estate investment trusts can be easy way to invest in real estate
Some Americans believe real estate is the best long-term investment. If you are among them, real estate investment trusts, or REITs, might be the easiest way to tap the market. About 36% of surveyed Americans ranked real estate as the…
Mortgage demand falls for the second straight week, but all eyes are on
A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty ImagesMortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight…