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November 20, 2019
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Renting a single-family house just got more expensive

CNBC Real Estate
A for rent sign advertising a row house in northeast Capitol Hill, is pictured on Monday, August 26, 2019, in Washington D.C. Tom Williams | CQ-Roll Call, Inc. | Getty Images Anyone out shopping for an entry-level home knows the prices are high and the pickings are slim. Now, the...
CNBC - Real Estate

Why the RBNZ decided to hold rates steady in November

CNBC Real Estate
Street Signs Asia After a 50 basis point rate cut in August, New Zealand’s central bank stayed on hold in November because it felt it had been quite decisive and “got ahead of the game,” says Christian Hawkesby, assistant governor of the Reserve Bank of New Zealand. 02:45 28 minutes...
CNBC - Real Estate

Hong Kong has ‘crossed the Rubicon’: Standard Chartered

CNBC Real Estate
It’s unlikely for Hong Kong to go back to “normal,” but from a business point of view, it’s unlikely that the unrest in Hong Kong will undermine the long-term future for the city as an offshore business center for China, says Clive McDonnell of Standard Chartered Private Bank. He also...
CNBC - Real Estate

Homebuilder confidence slips slightly in November

CNBC Real Estate
A PulteGroup housing development in San Jose, California. David Paul Morris | Bloomberg | Getty Images The nation’s single-family homebuilders are feeling very positive about their business, but a monthly sentiment indicator fell in November from a recent high. The national association of Home Builders/Wells Fargo Housing Market Index (HMI)...
CNBC - Real Estate

WeWork planning to layoff thousands in cost-cutting efforts: NYT

CNBC Real Estate
Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability and those layoffs could be announced as early as this...
CNBC - Real Estate

Sanders Ocasio-Cortez unveil plan to cut carbon emissions from housing

CNBC Real Estate
U.S. Rep. Alexandria Ocasio-Cortez (D-NY) is joined on stage by Democratic Presidential candidate Bernie Sanders (I-VT) during the Climate Crisis Summit at Drake University on November 9, 2019 in Des Moines, Iowa. Stephen Maturen | Getty Images Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez will unveil legislation on Thursday that...
CNBC - Real Estate

Facebook to lease office space in New York’s Hudson Yards

CNBC Real Estate
NEW YORK, NY – MARCH 11: People walk along the High Line Park in front of Hudson Yards at sunset on March 11, 2019 in New York City. Gary Hershorn | Corbis News | Getty Images Facebook has signed a lease at Hudson Yards for more than 1.5 million square...
CNBC - Real Estate

Lost $1.25 billion on $934 million in revenue

CNBC Real Estate
Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. Alessandro Di Ciommo | NurPhoto | Getty Images WeWork’s losses continued to mount in the third quarter, reflecting a fast-growth strategy...
CNBC - Real Estate

Bidding wars for homes hit a decade low

CNBC Real Estate
A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Competition in the fall housing market is falling. Just 10% of offers written by Redfin agents for their clients in October faced a bidding war, down from 39% a year...
CNBC - Real Estate

Homebuilder stocks are on a run—here’s who’s leading the sector and why

CNBC Real Estate
Homebuilder stocks are up 50 percent this year. Kenneth Zener, KeyBanc Capital Markets, and CNBC’s Diana Olick joins ‘The Exchange’ to discuss what’s behind the move and which stocks to watch.
CNBC - Real Estate

Weekly mortgage applications jump to highest level in over a month

CNBC Real Estate
Potential homebuyers exit an open house in Redondo Beach, California. Patri T. Fallon | Bloomberg | Getty Images Mortgage rates are turning higher again, and that was likely behind a major surge in mortgage application volume last week. This often happens at the start of a rising rate cycle, as...
CNBC - Real Estate

Video shows burglars at CEO Don Ghermezian’s New York mansion

CNBC Real Estate
The New York City Police Department released video footage on Tuesday showing a group of men who they say ransacked a mansion belonging to billionaire real estate mogul Don Ghermezian, stealing $140,000 worth of luggage and jewelry. The footage shows several unidentified male suspects walking past a security camera on...
CNBC - Real Estate

Warehouse leasing plummets because there’s so little new space to lease

CNBC Real Estate
Florida, Davenport warehouse for lease sign. Jeff Greenberg |Getty Images Warehouse tenants soaked up about 41 million square feet of space in the third quarter of this year, a 23% drop from the previous quarter and less than half as much as a year ago, according to a new report...
CNBC - Real Estate

How real estate can help cities reach the Paris pact goals

CNBC Real Estate
Ed Walter of Urban Land Institute says the real estate sector is realizing there are economic benefits to pursuing the Paris climate agreement’s goals because reducing energy usage saves cost. He also says Hong Kong REIT prices aren’t likely to recover until there’s a sense that normalcy will return to...
CNBC - Real Estate

Project Destined and Acorns bring investing education to youth

CNBC Real Estate
A program to teach inner city kids how to become real estate investors is now attracting big name partners in real estate and personal finance. Cedric Bobo, Project Destined co-founder and former principal of The Carylyle Group, and Noah Kerner, Acorns CEO, sit down with CNBC’s Diana Olick to discuss.
CNBC - Real Estate

Inner-city kids learning real estate investing from major tycoons

CNBC Real Estate
On a cold and blustery afternoon in the South Bronx, about a dozen high school students were roaming the streets of their neighborhood, but they weren’t just hanging out. They were figuring out values, calculating capitalization rates on multifamily properties and scouting out investment opportunities. They are part of Project...
CNBC - Real Estate

TJX, Ross, Burlington benefit from ‘losers in the mall’

CNBC Real Estate
CNBC’s Jim Cramer on Friday highlighted one segment in the retail industry he believes will work well in a portfolio whether the economy is slowing or thriving. The off-price retailers of TJX Companies, Ross Stores and Burlington Stores satisfy both consumers looking for bargain deals and real estate investment trusts,...

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