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A house is for sale in Arlington, Virginia, July 13, 2023.  Saul Loeb | AFP | Getty Images Home prices in May rose for the fifth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during the month.

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government

China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy. Str | Afp | Getty Images China is ramping up measures aimed at boosting its economy ahead of

“The fear of interest rate increases has influenced people’s thinking — it’s not just the homeowners, it’s new buyers who wanted to get in before the interest rates went up even more,” says Robert Shiller, professor of economics at Yale University. Bloomberg | Bloomberg | Getty Images A decade-long rally in U.S. home prices could

Lucy Lambriex | DigitalVision | Getty Images Despite a sizeable elderly and disabled population in the U.S., there is not enough affordable housing to accommodate those individuals. “For millions of Americans, adequate housing is more of an aspiration than a reality,” said Sen. Bob Casey, D-Pa., who serves as chairman of the Senate Special Committee

The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images After a pause last month, experts predict the Federal Reserve likely will raise rates by a quarter of a point at the conclusion of its meeting next week. Fed officials have pledged not to be complacent about the rising cost of

Private apartments are seen against the backdrop of the Marina Bay Sands hotel and the Singapore Flyer observatory wheel in Singapore on March 23, 2022. Roslan Rahman | AFP | Getty Images Rents in prime residential areas increased the most in Singapore, Lisbon and Berlin in the first half of the year, according to a

A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors. Compared with June of last year, sales were

Blaine, Minnesota. Brand new townhomes for sale with new construction financing and a builders credit of $4,500 to attract new buyers. Michael Siluk | Universal Images Group | Getty Images Mortgage interest rates pulled back last week after jumping sharply to start July. That lit a fire under refinance demand but did little to help

The U.S. housing market is in historic turmoil. Years of rock bottom interest rates, then the pandemic, and now an unprecedented cycle of tightening by the Federal Reserve that is likely not over yet, have left buyers and sellers in difficult spot. Prices have begun to level off or decline in many areas in response

The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday. The world’s most indebted property developer fell into

Builder sentiment in the market for single family homes rose one point in July to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. It marks the seventh straight month of gains and the highest level since June 2022. A reading above 50 is considered positive sentiment. Builders say low supply

Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator expressed caution Tuesday

Property investment in China slid nearly 8% in the first half of the year, official data showed Monday, marking a deepening decline for a sector that accounts for up to a quarter of the world’s second-largest economy. The National Bureau of Statistics said the sector will gradually stabilize as the broader economy recovers, and is

A real estate agency window in Alicante, Spain. Sopa Images | Lightrocket | Getty Images More Americans are flocking to Spain for longer, whether as so-called digital nomads working abroad or to enjoy a new life in retirement. The number of Americans living in Spain grew by 13% from 2019 to 2021, and home sales

A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. George Rose | Getty Images Lawrence Yun has as big a stake in the Federal Reserve’s moves as any economist: As the chief economist for the National Association of Realtors, his industry is a

In this article KREF GLE-FR KKR Follow your favorite stocksCREATE FREE ACCOUNT Mayors in cities across the U.S. want to loosen rules that can slow the pace of office-to-residential conversions. In some instances, cities have offered generous tax abatements to developers who build new housing. “We have a great opportunity to change the uses in

Virojt Changyencham | Moment | Getty Images With some employees pushing back against return-to-office plans and the hybrid work model of three days a week in person seeming to be the sweet spot, the idea of bringing workers back to the office for a five-day workweek appears to have hit a wall. Office attendance has

Suburban residential properties and distant city high-rises in Ruskin Park, a public green space in Lambeth, on 11th June 2023, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England warned already struggling homeowners could see monthly mortgage repayments rise sharply in the coming months, but stressed households today are

A crane with the China Vanke logo at a residential construction site in China, on Sept. 28, 2021. Qilai Shen | Bloomberg | Getty Images Chinese real estate stocks mostly rose after the country announced it will extend two financial policies to support the real estate market until the end of 2024. Hong Kong-listed real

A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images Home prices hit a record high in May, rising 0.7% nationally compared with April at a seasonally adjusted rate, according to the Black Knight Home Price Index. Prices, which

U.K. homeowners and would-be buyers have been beset by rising borrowing costs over the past year as the Bank of England has sought to get a handle on stubbornly high inflation. Anadolu Agency | Anadolu Agency | Getty Images LONDON — U.K. house prices fell at their fastest annual pace in 12 years in June

When the market is volatile, it’s important to be mindful of your other assets and think of your portfolio in a holistic way, said certified financial planner Lazetta Rainey Braxton, co-founder and co-CEO of virtual advisory firm 2050 Wealth Partners. “When we are thinking about market volatility, that means that there is uncertainty about what direction

A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage hit 7.22% Thursday, according to Mortgage News Daily. That’s the highest point since early November. Mortgage rates follow loosely the yield on

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week hit their highest level since the end of May, which in turn weighed on mortgage demand. Total mortgage application volume dropped 4.4% last week compared with the previous

Svetikd | E+ | Getty Images Have the money to buy a home? If you follow through, it may not be money well-spent. For generations, Americans have thought of homeownership as a hallmark of success. Even today, 74% of U.S. adults say owning a home is a cornerstone of the American dream — ranking higher

A house for sale, in escrow, in Laguna Woods, California. Scott Mlyn | CNBC Anyone out shopping for a home on the resale market knows the pickings are slim. They’re about to get slimmer.  The number of homes for sale this month was actually 7% higher than June of last year, according to Realtor.com. But,

In this article BURL BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Burlington and a Bed Bath and Beyond store Getty Images Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part

Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida.  Joe Raedle | Getty Images Home prices peaked last June, falling sharply through the beginning of this year. Now, they’re recovering steadily. Home prices in

There are new signs of a resilient housing market and a home renovation rebirth with potentially bullish implications for three of our Club names. Shares of Stanley Black & Decker (SWK) and Caterpillar (CAT), whose tools and machinery are used in homebuilding, have been on the upswing in recent weeks. Additionally, after a lull in