Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
US new home sales surge to 12.5-year high in January
The Commerce Department said on Wednesday new home sales jumped 7.9% to a seasonally adjusted annual rate of 764,000 units last month, the highest level since July 2007. Housing market strength could help keep the economic expansion, now in its 11th year, on track. The sector, which accounts for about 3.1% of GDP, is being supported by cheaper mortgage rates after the Federal Reserve cut interest rates three times last year. CNBC's Diana Olick reports. Read Article
Debt among oldest Americans skyrockets 543% in two decades
Debt among older Americans has increased dramatically since 1999, due partly to the erosion of the country's social safety net. Read Article
This couple paid off their $300,000 mortgage in 5 years then took a year off to travel
Rob and Reshawn Lee purchased a home in the suburbs of Dallas in June 2013 for $300,000. They paid it off five years later in June 2018. Read Article
Total mortgage applications rise 1.5% for the week
CNBC's Diana Olick joins "Squawk Box" with the latest mortgage application numbers. Read Article
Weekly mortgage applications rise 1.5%, just before the big rate drop
A mixed week for mortgage rates caused a split in application volume between refinances and purchase loans. Read Article
Investors like 'long nature' of leases for REITs amid crises, says CapitaLand
The predictability of REITs and long-term nature of leases should see investors through crises that are "relatively short-lived" and periods of temporary instability, says Andrew Lim of CapitaLand Group. Read Article
Online mortgage applications surge to meet demand
CNBC's Diana Olick reports on housing and online mortgage applications. Read Article
Home prices increase 3.8% in December, a big jump from November, according to S&P Case-Shiller
The housing market heated up at the end of 2019, and that was reflected in even bigger gains in home values, according to the closely watched S&P CoreLogic Case-Shiller Home Price Index. Read Article
Here's how to improve your credit score right away
Generally speaking, the higher your credit score, the better off you are. But the recovery time from a missed payment or financial setback differs for everyone. Read Article
Home Depot's strong performance will continue, says retail analyst Jan Kniffen
Jan Kniffen, CEO of J Rogers Kniffen WWE, joins "Squawk Box" to discuss Home Depot's latest quarterly earnings results and the broader retail sector's impact from the coronavirus outbreak. Read Article