Real Estate

In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong.   The retail market in particular will reap the “best benefit,” Hannah Jeong, Colliers’ head of valuation and advisory services, told CNBC’s “Squawk Box Asia” on

A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite

Most real estate closings culminate in the issuance of title insurance. A title insurance policy confirms that the parties created whatever insured interests in real estate that they thought they created. The policy also tells the policyholder that no one has any claims to the insured real estate except as listed in the policy. Like

When it comes to winter homes in world-class resorts, the best locations are close to the slopes but away from the crowds. Herein lies the difficulty of finding a residence in popular Vail, Colorado, that is easily accessible yet private. This walk-to-the-slopes mountain contemporary delivers on both counts. The chalet is set steps from pedestrian-friendly

In a key sign that the tide is turning in favor of home buyers, sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any three-month period in Redfin’s records, according to a new report from the technology-powered real estate brokerage. That’s up from just over 30% in

Minerva Studio | Istock | Getty Images Some expenses that go with homeownership can often be unpredictable — and costly. Last year, homeowners spent an average of $6,000 on maintenance and repairs, according to a recent report from insurance firm Hippo. A separate study from home services website Angi that measured similar 2022 costs shows

In this article .HSI Follow your favorite stocksCREATE FREE ACCOUNT Shoppers walk through a street market in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong stocks kicked off 2023 with the most gains they’ve seen in the first trading session

The 939 Coast complex rises above La Jolla Cove Beach along the Southern California coast. The oceanview condo building is a local landmark, a secure haven and, for many, a home. Both residents and rental guests can avail themselves of such luxury services as 24-hour concierge, valet parking, doormen, a community pool, spa and gym.

A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand. Mortgage application volume was down 13.2% at the end

Sales of luxury homes fell 38.1% year over year during the three months ending November 30, 2022, the biggest decline on record, according to a new report from Redfin, a technology-powered real estate brokerage. That outpaced the record 31.4% decline in sales of non-luxury homes. Redfin’s data goes back to 2012. The luxury market and

Home prices go up and down according to supply and demand. Very simple. But because homes aren’t commodities like wheat and corn it’s much harder to predict how much supply and demand there actually is. I’ve been following home prices for 40 years but the sharp rise during the pandemic caught me by surprise. None

With record inflation, rising interest rates and crashing stocks, this year didn’t leave the real estate market unscathed. In March, Forbes contributor Mike Maher asked the pressing questions: Will the housing market continue to bubble? Will it burst? Is there even a bubble? By December, the answer was here: The steeply rising home prices brought

During the pandemic, Americans not only hunkered down, they hunkered down with the new pets they’d adopted to share their lonely exile until the virus had been quelled. According to the American Society for the Prevention of Cruelty to Animals, about one in five U.S. households – approximately 2.3 million – adopted a “pandemic pet.”

Several new high-end developments have come to the downtown district of Quebec’s largest city in recent years, delivering penthouse-caliber luxury to the center of a city steeped in history and tradition. In 1111 Atwater, Le Sherbrooke, The Ritz-Carlton Residences, Montreal, Victoria Sur Le Parc and 1 Square Phillips, current and future residents have the opportunity

When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cutthroat. Here’s a look at how one leading New York agent closed a double sale five years in the making, totaling roughly $33.75 million. The Who: These two latest luxury sales are just a few

The Federal Reserve, over its more than centurylong existence, has emerged as a leading force in the stock market. This stature was bolstered by the central bank’s adoption of two unconventional policy tools in the 2000s – large-scale asset purchases and forward guidance. Large-scale asset purchases refer to the Fed’s emergency buying of government debt

Demand for rural properties has dropped in the U.K. Geography Photos / Contributor / Getty Images Demand for rural homes in Britain dropped as the pandemic trend of relocating to the countryside faded, according to real estate website Zoopla. Enquiries for properties in areas of Kent, known as the Garden of England for its rolling

Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume, however, was still

Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units housing analysts had predicted, and it was a much deeper fall than usual monthly declines. Sales were down 35.4% year

A ‘For Rent’ sign in front of a building on December 06, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images Rents for both single-family homes and apartments are still rising, but at a far slower pace, as inflation squeezes consumers and landlords lose pricing power. Rent growth in November slowed for the 10th

Share to Facebook Share to Twitter Share to Linkedin If you plan on raising your cash investment income in 2023, a position in REITs (real estate investment trusts) may help you do it. REITs are dividend-paying entities that own or finance real estate. They can make their money through rents, property sales, interest income or