Hedge fund manager buys Palm Beach estate for $111 million
A hedge fund manager just bought the most expensive Florida mansion ever sold. CNBC’s Robert Frank reports.
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Housing in 2020 will be most challenging for buyers: Economist
CNBC’s “The Exchange” team discusses the 2020 housing outlook with George Ratiu, Realtor.com senior economist.
Steve Case: The 230 cities that lost HQ2 ‘perhaps can create the next Amazon’
According to AOL co-founder Steve Case, the 230 cities that lost out learned they can jump-start their economies by developing start-up ecosystems. Source link: Click here for more
M&G suspends UK’s biggest commercial property fund, blames Brexit
The UK’s biggest commercial property fund has been suspended after its adminstrators claimed “Brexit-related political uncertainty,” was causing investors to remove money at an unsustainable rate. Investment firm M&G added in a statement Wednesday that changing trends in U.K. retail were also having a negative effect on property demand. “In...
2020 housing supply could hit historic lows: Report
CNBC’s Diana Olick reports on a housing forecast for 2020 that was just released and shows a potentially weak year ahead.
Weekly mortgage applications drop 9% as refinances pull back
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association’s seasonally...
Harsh housing forecast for 2020, especially in these big cities
Home sales will drop, the housing shortage could become the worst in U.S. history, and in some major cities home values will shrink. That is the crux of the 2020 forecast from researchers at realtor.com. Source link: Click here for more
Billionaire Steven Schonfeld buys Florida mansion for $111 million
La Reverie, the six-acre estate on Palm Beach stretches over 70,000 square feet. Handout Hedge fund billionaire Steven Schonfeld and his wife bought a sprawling Palm Beach estate for $111 million, making it the most expensive home ever sold in Florida. Schonfeld, the founder of New York-based Schonfeld Strategic Advisors,...
A look at the Frasers Logistics and Frasers Commercial merger
Robert Wallace of Frasers Logistics and Industrial says there are scale benefits to the merger of his firm with Frasers Commercial.
Co-working is changing commercial real estate, says JustCo
Kong Wan Sing of JustCo says it’s “very tough” for a co-working space company to operate in various Asian countries that have different cultures and legal systems.
Pending home sales fall 1.7% month over month, vs. 0.8% increase expected
CNBC’s Diana Olick takes a look at pending home sales data for the month of October.
Pending home sales fall 1.7% in October, as housing shortage worsens
A pending sale sign in front of a home in Miami. Getty Images Demand for housing is high, but there aren’t enough homes for sale to meet it. Pending home sales, which measure signed contracts, fell 1.7% in October month-to-month, according to the National Association of Realtors. Sales were 4.4%...
Mortgage apps rise on year, fueled by lower interest rates
CNBC’s Diana Olick joins “Squawk Box” with the latest mortgage application numbers.
Mortgage refinances surge over 300% from a year ago
Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week....
New home sales dipped in October, but the sector shows strength overall year-to-date
CNBC’s Diana Olick reports on new home sales data and why it’s causing homebuilder stocks to soar.
New home sales miss expectations, down 0.7% vs. a 0.6% increase
CNBC’s Diana Olick takes a look mortgage application data and new home sale data that missed expectations.
Home price gains accelerate in September, S&P Case-Shiller Index says
On a national level, prices rose 3.2% annually in September, up from a 3.1% gain in August, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Source link: Click here for more
For-sale housing inventory is running out, here’s why
CNBC’s Diana Olick reports on the slump in housing inventory. Greg Daco, Oxford Economics chief US economist, joins ‘The Exchange’ to discuss what is leading to the block.
WeWork’s Marcelo Claure aims for positive EBITDA earnings by 2021
WeWork’s new executive chairman, Marcelo Claure, held an all-hands meeting with employees on Friday and outlined his plans to get the embattled office-sharing company back on track and working towards profitability. For over an hour, Claure spoke broadly about WeWork’s values as well as the company’s need to regain trust with...
WeWork aims for positive free cash flow by 2023
CNBC’s Deirdre Bosa reports on highlights from the WeWork employee meeting.