Home prices make smallest gains in nearly 4 years, but rents are hot

The slowdown in home sales and home price gains in most major U.S. markets is causing the opposite effect in the rental market, especially for single-family rental homes. Those rent prices increased 2.9 percent annually in November 2018.
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China’s foreign direct investment into the US dropped precipitously in 2018, data show

Trade tensions, along with pressure on companies from Beijing, have caused a decline in Chinese direct investment into the United States. Still, Chinese home purchases and venture capital funding continue to grow.
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A multibillion-dollar deal is creating one of the world’s largest real estate investment managers

Asian real estate developer CapitaLand said it will acquire Ascendas-Singbridge, which would create one of the world's largest real estate investment managers.
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Manhattan real estate closes 2018 as worst year since the financial crisis

The number of home sales in Manhattan fell 14 percent in 2018, the steepest drop since 2009, according to new data. The median price for an apartment in New York City fell below $ 1 million for the first time in three years in the fourth quarter.
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Here’s a map of all 80 stores that Sears and Kmart are shuttering in March

Sears is expected to close another round of stores early next year, as the bankrupt department store chain now tries to stay afloat via a $ 4.4 billion bid from its chairman, Eddie Lampert.
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Market hasn’t hit bottom but investors can start to ‘nibble’ on stocks, says Bespoke’s Paul Hickey

Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, says Bespoke's Paul Hickey.
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Here’s who the partial government shutdown affects

More than 420,000 federal employees across numerous agencies could continue to work without receiving their paychecks, and hundreds of thousands more could be furloughed, according to Senate Democrats' projections.
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Single-family home construction tumbles – and a top analyst says housing is in a correction

Real estate analyst John Burns points to higher mortgage rates, along with the surge in home prices over the last few years, as the culprit.
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Homebuilders are not getting a bump from lower mortgage rates

Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually. 
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Apple’s $1 billion Austin campus is the latest big investment from top tier firms: Texas governor

"Texas is the Alabama when it comes to recruiting in college football. We get to pick the 5-star recruit companies that are coming to the Lone Star State," Abbott says.
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Democratic state senator blasts Amazon’s HQ2 as a PR scam, saying ‘New York fell for it’

"I don't think it's worth providing $ 3 billion and setting a precedent" for other companies to pick the city's pockets, state Sen. Michael Gianaris says.
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Homeowners are seeing the smallest equity gains in two years

The drop in equity gains has been sharpest in the third quarter of this year. In fact, after hitting a record high, the amount of tappable equity fell quarter to quarter for the first time since the housing recovery began.
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Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. The average rate on the 30-year fixed has fallen 21 basis points in the past week to 4.73 percent, according to Mortgage News Daily. 
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US mall owners have been slow to change for years. But now they’re trying to embrace it

As 2018 comes to an end, it's been announced that more than 146 million square feet of retail space will be shut across the U.S. in malls and shopping centers, according to real estate research group CoStar.
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Mortgage applications rise 2%, but buyers seem unimpressed by lower rates

While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer.
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Trade war’s impact on real estate investment is unclear: Knight Frank

Liam Bailey of Knight Frank says the U.S. housing market is "relatively well placed" compared to other parts of the world. Any impact from the trade war will come through a hit to sentiment, which may slow down demand for real estate, he adds.

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Pending home sales fall 2.6% in October as more buyers are priced out

Expectations for a stronger housing market in October fell short. Pending homes sales, a measure of signed contracts to buy existing homes, fell 2.6 percent compared with September, according to the National Association of Realtors. 
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UK’s largest housebuilder calls on lawmakers to move forward with Brexit and stop the uncertainty

Brexit uncertainty is "unhelpful" for those seeking to buy a home, the CEO of the U.K.'s largest housebuilder by volume told CNBC Thursday.
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Apartments are getting smaller – but renters are paying more

The average size of newly built apartments in the U.S. is shrinking, but rents are still rising. Millennials appear to be more willing to pay for smaller units that are located in urban centers, where rents are highest. 
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Mortgage refinance applications hit 18-year low

With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to make a move last week, and there was even less for homeowners looking to save money on their mortgages.
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Here are six tax deductions you’ll lose on your 2018 return

Receipt collectors are about to be disappointed. This year marks the first in which the Tax Cuts and Jobs Act is in effect. That means many of the tax breaks you claimed on your 2017 return will be off the table for 2018.
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Amazon’s HQ2 in Queens will be ‘square in the danger zone for frequent flooding’

New research from Climate Central and Zillow shows the area could see significant coastal flooding by 2020. By 2050, extreme projections of sea level rise have low-lying buildings under water.
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Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad — it’s good

While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others say evidence is mounting for a bounce.
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Housing sentiment tumbles to lowest in a year, as more say now is not a good time to buy

Rising mortgage rates and high home prices have fewer consumers thinking now is a good time to buy or sell a home. While consumers are bullish on the economy, fewer said they are not concerned about losing their job. 
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Amazon is reportedly moving into Long Island City, Queens: Here’s what the neighborhood is like

Long Island City, where Amazon is said to build its next headquarters, is a neighborhood going through a a massive transition.
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Home flippers are fleeing the market as their profits shrink

A combination of higher costs and lower demand is putting a chill on the once hot house-flipping market. Following the epic housing crash, flippers bought up distressed properties at bargain prices, fixed and flipped them to residents or investors.
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New lawsuit accuses Trump and 3 of his children of conning ‘thousands’ of people in marketing ploy

The suit says Trump, his children and their company "received millions of dollars in secret payments" from a videophone company, ACN, in exchange for Trump promoting the firm without disclosing the endorsement was paid for. 
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With homebuilding stocks down 40%, investors hope the Fed gets the message and slows rate hikes

If there's a case to be made for the Fed to hold fire on interest rate hikes, it's happening now in the housing market and the stocks that track the industry.
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Trump’s ‘opportunity zones’ are popular with investors, but they might offer less benefit to voters

The Trump administration announced new tax rules to help spur investment in economically distressed neighborhoods. While investors can expect immediate tax breaks, the benefits to voters in targeted neighborhoods are harder to measure.
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Housing stocks get hit hard amid weak data and worries on Wall Street about rising interest rates

Housing stocks fall broadly after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector.
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Trump claims he has ‘no financial interests in Saudi Arabia’ — but he makes lots of money from it

President Donald Trump's new tweet denying a financial stake in Saudi Arabia comes amid a growing furor over suspicions that the country's rulers ordered the killing of Saudi journalist Jamal Khashoggi in the Saudi Consulate in Istanbul.
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Thousands line up for zero-down-payment, subprime mortgages

Following the subprime mortgage crisis, low-income borrowers with low credit scores were locked out of homeownership. Now a major player in the subprime crisis is backing new loans to the same borrowers but with a far different product. 
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Rising prices and interest rates are a ‘one-two punch’ to homebuyers, Lennar chairman says

"Of course, we respect, like many, the independence of the Fed, but at the same time, would we like them to slow down the pace? Of course we would," Lennar Executive Chairman Stuart Miller said.
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The economy’s not as strong as the numbers indicate, says Starwood Capital Group CEO Barry Sternlicht

Jim Cramer sits down with Barry Sternlicht, chairman and CEO of Starwood Capital Group, amid a vigorous sell-off to hear his take on the U.S. economy.
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Weekly mortgage applications fall 1.7% as interest rates move above 5%

Extremely weak demand for mortgage refinances has been driving the overall drain on mortgage lending. Refinance volume fell another 3 percent last week and was 32 percent lower than a year ago.
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Close the deal

Ten years ago, he was an out of work actor and sometime hand model. Desperate for a job to stay in NYC he got a real estate license. Today Ryan Serhant is a real estate mogul, reality TV star and author. In “Sell it Like Serhant” he explains the skills he learned to sell apartments that can help anyone sell more and earn more.
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Mortgage fraud is getting worse as more people lie about their income to qualify for loans

Mortgage fraud risk jumped more than 12 percent year over year at the end of the second quarter, according to CoreLogic, which measures six fraud indicators: identity, income, occupancy, property, transaction and undisclosed real estate debt.
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