CNBC’s Jim Cramer on Friday recommended investors treat any near-term pullback in the homebuilding stocks as a buying opportunity. Citing a recent research note from Zelman & Associates, the “Mad Money” host believes there is more upside in the sector, pointing to the stocks of D.R. Horton, Lennar, Toll Brothers and Taylor Morrison. “Ivy Zelman
View from downtown Evanston Getty Just as their parents flocked to the suburbs, city-loving Millennials are doing the same yet transitioning some areas to “Hipsturbia,” a phrase revealed in the Urban Land Institute’s (ULI) joint report with PwC, Emerging Trends in Real Estate® 2020. The data comes from interviews and surveys of over “2,200 real
The reporter’s kitchen in November 2017, shortly after she and her husband closed on their first home. Darla Mercado If you think bringing your garish 1960s-era kitchen up to date is just a matter of new paint and appliances, think again. Home renovations modernize your dwelling, potentially make it more energy-efficient and may enhance its
A small-duct high-velocity system was used in this Johns Island, SC house. The ducts vents can … [+] hardly be seen. The house was designed by Architect Sam Rashkin. Photo courtesy of Margaret Rambo for Prefabulous Small Houses, published by Taunton Press Energy star estimates that 20% to 30% of the air that moves through residential
The Federal Reserve‘s decision to cut interest rates by a quarter point for the third time this year is meant to bolster the economy. Everyday Americans may lose some ground. On the one hand, lower rates often mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car
Share to facebook Share to twitter Share to linkedin It could be a new opportunity for the struggling startup. Artur Widak/NurPhoto via Getty Images Topline: WeWork, which last week accepted a $9.5 billion bailout offer from Japanese conglomerate SoftBank Group, recently trademarked a new professional gaming arm called Play By We, according to an application
A realtor holds an open house in Somerville, MA. Pat Greenhouse | The Boston Globe | Getty Images Pending home sales, which are measured by signed contracts to buy existing homes, rose 1.5% in September compared with August, according to the National Association of Realtors. That was the second straight month of gains. Sales were
Oct. 20 Tornado destruction Andy Luten We lived through what we now know is the most costly tornado in Texas history: more than two billion in damages, according to the Insurance Council of Texas. More than 30,000 auto and residential claims have been filed to date, and ICT tells me claim costs could be higher
This 10-bedroom home in Southampton, New York, is listed for $39.5 million with Douglas Elliman. Douglas Elliman Real Estate Home prices in the Hamptons, the summer playground of Wall Street titans and Hollywood celebrities, are on the rise again after almost two years of declines. The median price of a home on the eastern tip
From the rooftop pool at Optima Kierland Village, an ultra-luxury rental and for-sale development … [+] opening in Scottsdale, Ariz. in 2020, bathers will be able to revel in Valley of the Sun views. Optima, Inc. In an age of increasing development costs and growing paucity of available land, much rides on every real estate
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Mortgage rates have been on a roller coaster in recent months, and last week’s climb caused a drop in mortgage demand. Mortgage application volume fell 11.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
CANYON COUNTRY, CA – OCTOBER 24: A hinge burns on Baker Canyon at Husk Ave from theTick Fire in … [+] Canyon Country, Thursday, October 24, 2019. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images) Photo by Hans Gutknecht, Los Angeles Daily News/SCNG If you turn on the news today, you will
By Gretchen Brown, Next Avenue Contributor Getty Julie (who prefers to use a pseudonym for this story), 54, wants to get her daughter through college without incurring any student loans for the $30,000 annual tuition. So, she helped fund her daughter’s freshman year by taking out a kind of second mortgage — a home equity
The median price of a newly built home dropped sharply in September to $299,4400. That was 8.8% lower compared with September 2018, according to the U.S. Census and was the lowest read since February 2016. The drop was primarily due to a shift in the mix of homes selling, not any special deals from builders.
Render of the Oceanix city concept. OCEANIX/BIG-Bjarke Ingels Group “Coastal cities are literally the interface between man and nature. That is where it is happening,” spoke Marc Collins, the former tourism minister of French Polynesia and founder of Oceanix as we sat together in Bryant Park beneath the towers of Manhattan. Collins has a crazy
6 Mins Ago SoftBank recently announced it will take control of WeWork in a move expected to value the company at about $8 billion, according to the Wall Street Journal. But WeWork wasn’t SoftBank’s Masa Son’s first risky investment. Uber, Slack, DoorDash are all among the venture capital titan’s ventures. So, has WeWork tarnished Masa’s
The astonishing buying/investing power of SoftBank has altered much of the world’s way of thinking … [+] about businesses. Photo by Eloise Ambursley on Unsplash Is it just me, or has the reduction in WeWork’s ostensible value from $47B to $8B caused a frisson of schadenfreude in the business world? Could it be a sign
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images September sales of existing homes fell short of expectations, following two months of gains. The problem is low supply combined with high prices; prices jumped nearly 6% annually, according to the National
Share to facebook Share to twitter Share to linkedin The WeWork saga could finally be over. Getty Images Topline: After months of uncertainty surrounding WeWork’s meteoric rise and fall, the company will now fall to an $8 billion valuation after it accepted a bailout offer from its largest shareholder, Japanese investing conglomerate SoftBank, CNBC first
Lisa and Chris Puchalla outside their ADU in Washington DC. Diana Olick | CNBC They’re not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed of homebuilder and landlord. Second homes, formally called auxiliary dwelling units (ADU’s), are
The Norman Lykes House sits on the edge of the Phoenix Mountains Preserve. Heritage Auctions, HA.com Frank Lloyd Wright’s final residential masterpiece, the Norman Lykes House, sold for $1,677,500, at a public auction October 16 in Phoenix. Nicknamed the Circular Sun House, the iconic contemporary home was auctioned off by Heritage Auctions with no minimum
A woman enters the WeWork Cos. Iceberg co-working space in Tokyo, Japan. Keith Bedford | Bloomberg | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is scrambling to keep the co-working space provider
Share to facebook Share to twitter Share to linkedin Michael Jordan’s Utah retreat features panoramic views of the Glenwild Golf Course and Wasatch … [+] Mountains. Realtor.com Michael Jordan now has two luxury homes on the market. In addition to his Chicago-area home, which has been on the market for over seven years, Jordan recently
Carrie Lam, Hong Kong’s chief executive, speaks during a news conference in July 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests.
A mortgage denial deprives potential homeowners of one of the pillars of the American dream. Getty A new study that analyzes where and why mortgage shoppers get denied provides a revealing snapshot of the high rate of denials in Florida. Four cities in the Sunshine State — Miami, Orlando, Tampa and Jacksonville — took the
Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.
150 Woodland Road Douglas Elliman The founder of sneaker giant Reebok has relisted his dream home in Massachusetts. Paul Fireman, together with his wife Phyllis, built their stately mansion at 150 Woodland Road (dubbed “Woodland Manor”) in 1999 on seven acres in the Boston suburb of Brookline, with the help of the international architecture firm
Brian Chesky, CEO and co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. Mike Segar | Reuters Airbnb, the room-sharing site that plans to go public next year, has more than $3 billion on its balance
BRAZIL – 2019/09/11: In this photo illustration the Massachusetts Institute of Technology MIT logo is seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The coming decade, between 2020 and 2030, is when America gets old. A just-announced joint venture’s primary purpose is to fuse
Contractors raise a wall while working on a new home under construction in Dublin, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales. Builder confidence in the single-family market jumped three points in October to 71 on the National