News

A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuilders appear to be getting worse, and that is weighing on confidence in the industry. Builder confidence in the single-family, newly built housing market

A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Getty Images The price of lumber has been on a roller coaster since the start of the pandemic, and it’s climbing a big hill yet again.  After falling back sharply from a record high in

Lauren Niesz purchased a new home with her boyfriend in January after they were able to save more cash during the pandemic. Source: Lauren Niesz Like many people forced to work from home after the onset of the Covid-19 pandemic, Lauren Niesz, 26, found the conditions were not necessarily ideal. Niesz, who rented a townhouse

There’s a land rush happening — and it’s not in New York City or Beverly Hills. Early speculators, professional real estate agents, and celebrities are buying up land that doesn’t even exist in the real world. They are investing in metaverse real estate, a concept mind-boggling to most people. So, what exactly is the metaverse?

James Andrews | iStock | Getty Images Things have come a long way from the peak of the pandemic, when rents in major cities were hugely discounted and concessions were common. Across the U.S., average monthly listed rents are up more than 14% from last year, according to real estate firm Redfin. In New York,

Lorena Fortuna, right, and her husband Anderson, holding their daughter Valentina, look at outdoor furniture at the Jordan’s Furniture store in Reading, Mass. on Friday, June 7, 2019. Gregory Rec | Portland Press Herald | Getty Images Demand for home remodeling jumped dramatically in the last two years, as Americans hunkered down in their homes

This is an excerpt from the CNBC Make It newsletter. Subscribe here. If you’ve been paying attention to headlines (or your own lease renewal) then you’ve likely seen that rent is higher than it was a year ago. A lot higher. Putting a larger share of your income toward rent is, obviously, bad for your finances

Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Anyone out there searching for a new place to live knows there is not much to buy. Total supply and new listings are at record lows, and that means that what is on

A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to get in before rates moved higher. Now buyers are pulling back. Mortgage applications to purchase a home dropped 10%

China’s property troubles will make it harder for developers in the country to gain access to U.S. debt markets, according to Moody’s Investors Service. “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” Annalisa Di Chiara, a senior vice president at Moody’s, told CNBC “Squawk Box Asia”

Luxury residential townhouses stand overlooking Regents Park in London, U.K., on Friday, Nov. 29, 2019. U.K. house prices increased at their fastest pace in more than a year in November, according to Nationwide Building Society. Bloomberg | Getty Images The Mayor of London has called for a register of overseas property ownership in a bid

Prospective home buyers tour a model home at the PulteGroup Mirehaven housing development in Albuquerque, New Mexico. Sergio Flores | Bloomberg | Getty Images Consumers are feeling far more negative about the housing market this winter, as home prices continue to rise and now mortgage rates move higher as well. A monthly survey from Fannie

Private residential apartments and Housing & Development Board (HDB) public housing estates in the Sengkang area of Singapore, on Wednesday, Dec. 22, 2021. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Property prices in Singapore have climbed in the past two years, and will likely keep going up despite the government’s efforts to cool

A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega. “I didn’t

American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic. Timothy A. Clary | AFP | Getty Images The American Dream megamall in New Jersey, crippled by construction delays and stalled store openings, is running out

In this article BKI A house for sale in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth. What they choose to do with it could have impacts on the broader economy. 

In this article ABNB (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb Source: Airbnb In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. It’s hard to think of a more quintessential story in disruption than Airbnb — the company

A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.

America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are

lvcandy | DigitalVision Vectors | Getty Images Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms. Real estate sales on the four major metaverse platforms reached $501 million in 2021, according to MetaMetric Solutions. Sales in January topped $85 million, the

Anna Mascall pictured in front of the Easton, Pa., home she recently purchased. “To be able to say I own a home, I kind of did the American dream,” she said. Courtesy: Anna Lee Mascall After years of renting, Anna Mascall, 30, decided she wanted to buy her own home. Then the Covid-19 pandemic hit,

Next to Netflix, home renovation may have been the biggest stay-at-home play of the pandemic. From new home offices to expanded decks to basement gyms, homeowners have been upgrading and expanding their spaces at record rates for the past two years. That trend appears to be slowing down.  After big projected jumps in the first

Citigroup is offering its vision for the future of flexible work with the release of new plans to transform its London headquarters. The Wall Street bank is to overhaul its iconic Canary Wharf Citi Tower — home to its U.K., Europe and Middle East operations — in a major bet on the continued relevance of

Buyers head into an open house in Waldorf, Maryland. Lisa Rizzolo | CNBC The nation’s housing market has never been this tight, which is frustrating enough for house hunters, but now they have another problem. Mortgage rates, which have hovered around record lows since the start of the pandemic, are now rising. It’s what one

Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees charged by banks, mortgage lenders and other financial entities. The federal agency, created in the wake of the 2008 financial crisis, is seeking consumers’ input

The Federal Reserve laid the groundwork for interest rate hikes Wednesday. At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year’s bond buying after a variety of inflation reports reached their highest levels in decades. Although interest rates will stay near zero for now, Fed officials set the stage

A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance business. Demand is simply drying up. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)

A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Prices rose 18.8% year over year on the S&P CoreLogic Case-Shiller National Home Price Index. Yet that was

Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, property billionaire Sam Zell told CNBC on Tuesday. “Everything between the top mall and the corner grocery anchor mall …  [there’s] a serious question as to its viability,” Zell said in a “Squawk Box” interview. “I think retail

The past year may have been a wild ride for potential homebuyers, but reports indicate that the housing market in 2022 could be even more competitive. New listings are currently at a record low, according to Redfin and Zillow. In fact, at the end of 2021, there were 19.5% fewer homes listed than at the