Real Estate

The Good Brigade | Digitalvision | Getty Images Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or

A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted,

We’re selling 165 shares of Best Buy at roughly $86 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 600 shares of BBY, decreasing its weighting to about 1.5% from 1.9%. Best Buy shares have been on a steady decline since October on concerns about electronic retail sales and the potential for higher tariffs

Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

Republican presidential candidate and former U.S. President Donald Trump visits the U.S.-Mexico border at Eagle Pass, Texas, as seen from Piedras Negras, Mexico, February 29, 2024.  Go Nakamura | Reuters President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals

Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents’ home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent

Scott Olson | Getty Images News | Getty Images President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. “We’re going to open up tracks of federal land for housing construction,” Trump said during an Aug. 15 news conference. “We desperately need housing for people who can’t

Pekic | E+ | Getty Images Mortgage rates seem to have steadied. That may be a good sign for the market, experts say. The average 30-year fixed rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from 6.79% a week prior, according to Freddie Mac data via

Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July.  David Paul Morris | Bloomberg | Getty Images Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically

Exceptionally strong housing demand in the U.S. has large homebuilders in the driver’s seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese. M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and close to a record in the number of deals, according

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 edged higher Monday, extending Friday’s postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and

In this article DIS HD HON WFC MS Follow your favorite stocksCREATE FREE ACCOUNT President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer

Period red-brick home rooftops in a suburb overlooking London’s financial district.  Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut

Wall street analysts feel good about one of our retail stocks but apprehensive about another. The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The research firm also increased its 12-month price target to $455 per share from $360, implying

The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced it will lower its benchmark rate bya quarter point, or 25 basis points, days after President-elect Donald Trump won the 2024 election. Economic uncertainty was a prevailing mood heading into Election Day after a prolonged period of high inflation left many

In this article PHM DHI LEN Follow your favorite stocksCREATE FREE ACCOUNT Homes in the south suburban Chicago area on April 26, 2023. Brian Cassella | Tribune News Service | Getty Images President-elect Donald Trump’s victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are

Stanley Black & Decker stock plunged Tuesday on the company’s quarterly earnings release — a move Jim Cramer said investors should capitalize on. Shares of the toolmaker shed nearly 12% Tuesday after third-quarter revenues and its implied fourth-quarter guidance came in lighter than Wall Street expected. Still, Jim described the decline as unwarranted. “I would

Nazar_ab | E+ | Getty Images For most people, buying a home will be the biggest financial transaction they will make. It’s also generally considered a path to build wealth and increase your net worth, financial experts say. In the second quarter of 2024, U.S. homeowners with mortgages had a net homeowner equity of over

Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After