U.S. construction spending unexpectedly fell in December as investment in both private and public projects dropped, further evidence the economy lost momentum at the tail end of 2018.
Dan Flanigan of Polsinelli says Chinese investors are missing a “very good deal” in U.S. real estate because of capital controls.
Hao Hong of the Bank of Communications International says the property bubble in China is “quite visible” and discusses the state of the real estate market in the country.
CNBC’s “Power Lunch” team is joined by Douglas Elliman CEO Dottie Herman to discuss the health of the real estate market.
CNBC’s Robert Frank reports on basketball superstar Shaquille O’Neal’s $22 million estate.
“Maybe if there weren’t all these men running companies we would possibly have different results,” says Alicia Glen, outgoing New York City deputy mayor for development.
Millennials have been slow to enter the ranks of homeowners, thanks to the last recession and the housing crash that caused it. Now, as they age into marriage and parenthood, they are buying at a faster pace. Many, however, are regretting it.
A new report finds that first-time homebuyers are likely to offer more, and bid more times, than other buyers.
The supply of homes for sale is finally rising, but fewer buyers are able to afford these homes, and that could result in a much slower spring market.
Pending home sales increased 4.6 percent in January compared with December, according to a monthly survey from the National Association of Realtors. Contracts, however, were still 2.3 percent lower compared with a year ago.