China's real estate crisis isn't over yet, IMF says
China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday.
Mortgage rates drop to the 5% range for the first time since September
The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily.
Hong Kong services to rebound as China reopens, but UBP says sector is coming from 'fragile situation'
However, its economist warned that the sector will be "going from a very fragile situation," given its contraction in every single quarter of 2022.
Here's what the Federal Reserve's 25 basis point interest rate hike means for your money
Everything from mortgages and credit cards to student and car loans will be affected by the latest rate hike from the Federal Reserve.
Mortgage demand took a big step back last week, even after interest rates fell further
Total mortgage application volume fell 9% last week compared with the previous week.
New York AG will seek sanctions on Trump, lawyers over 'false' court filings in fraud suit
New York Attorney General Letitia James is suing Donald Trump, the Trump Organization and others over alleged fraud involving false financial statements.
3 key things to know before opening a home equity line of credit
As homeowners eye their home equity as a source of cash, there are aspects of so-called HELOCs to consider before signing on the dotted line.
Luxury developers in Los Angeles bet someone will pay record prices for these condos
Two Los Angeles developers hope to find buyers who will pay between $50 and a $100 million for a condo.
The Federal Reserve is likely to hike interest rates again. What that means for you
The Federal Reserve is expected to raise interest rates once again this week. Here's what that means for your wallet.
London's luxury home sellers turn to WhatsApp as private sales surge
A growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings.
What is a 'rolling recession' and how does it affect consumers? Economic experts explain
Experts, including a former White House Council of Economic Advisers chair, weigh in on where the economy stands and how consumers can brace for what's ahead.
Rent prices have dropped the most in these 5 U.S. metro areas. Why it's cheaper to rent in many markets
Despite rising U.S. rental prices, competition is easing in some markets as inventory grows, according to a new report.
Beyoncé, a $100,000-a-night suite and a red carpet of influencers: Dubai basks in its booming economy
Beyoncé was performing her first live concert in more than four years at a private event for the opening of Atlantis The Royal, a $1.4 billion luxury hotel.
Biden administration rolls out a blueprint for a 'renters bill of rights' – Here's what it includes
The Biden administration rolled out a blueprint for a renters bill of rights, a major win for tenants, advocates say.
92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows
Despite high inflation making many things — including houses — more expensive, most millennials who plan to buy a home are simply adjusting their approach.
Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September
Mortgage interest rates fell for the third straight week, while mortgage demand rose again.
These common misconceptions can prevent you from achieving that perfect credit score
When it comes to credit scores, there are a few things many borrowers often get wrong. Here are the top misconceptions standing between you and perfect credit.
Existing home sales fell for the 11th consecutive month in December, hitting the slowest pace since November 2010
Home sales have fallen for 11 consecutive months as mortgage rates weigh on the market.
Getting your credit score above 800 isn't easy, but it's 'definitely attainable,' says analyst. Here's how to do it
The national average credit score sits at an all-time high of 716. Here's what it takes to get it above 800.
Evictions are picking up across the U.S. Here's what at-risk tenants can do
With most pandemic-era eviction protections having expired and rents rising, the number of tenants coming home to find notices on their doors is picking up.
Homebuilder sentiment rises in January for the first time in a year, thanks to lower mortgage rates
Lower mortgage rates are giving homebuilders greater confidence in the single-family housing market.
Mortgage demand jumps nearly 28% in one week, as interest rates drop to lowest point in months
Mortgage rates are at the lowest level since September, and that is bringing new demand into the mortgage market.
China's economy looks set for a rebound in 2023, but a lot depends on one variable, KraneShares says
"As external demand falls due to an impending recession in the West, China's economy must rely more heavily on the consumer," said KraneShares.
Arizona says developers don't have enough groundwater to build in desert west of Phoenix
Developers are flooding Arizona with plans to build homes even as water supplies dwindle.
Dubai continues to benefit from crisis and the Russia-Ukraine war, Damac chair says
Property transactions in Dubai year-to-date hit a record high by the end of 2022, surpassing previous records reached over the same period of 2009.
The condo king of Miami bets his new Fisher Island luxury project can weather a recession
Jorge Perez and his Related Group are behind the 10-story, 50-unit Fisher Island project that boasts a sell-out price of $1.2 billion.
China's reopening is set to boost Hong Kong's property market as retail leads the recovery: Colliers
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 Colliers Hong Kong.
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
Mortgage rates fell last week, causing a rush on refinancing.
Sweden is facing its ‘day of reckoning’ as house prices plummet
This downturn is not surprising given the "dysfunctional" nature of the market, according to Stefan Ingves, the former governor of Sweden's central bank, the Riksbank.
Consumer confidence in housing finally rises, thanks to falling home prices
Consumer confidence in the U.S. housing market is improving slightly, as mortgage rates settle and home prices fall.
Houston Commercial Real Estate News
Katy Area Economic Development Council CEO goes back to Brazos Valley EDC Feb 04, 2023
Layoffs hit Denver-based DCP Midstream amid Phillips 66 acquisition Feb 03, 2023
Texas ranks third in the country in GDP growth, study shows Feb 03, 2023
eXp Commercial News
eXp World Holdings Appoints Peggie Pelosi to the Board of Directors Jan 30, 2023
eXp Realty Named to Glassdoor’s Best Places to Work for Sixth Consecutive Year Jan 11, 2023
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