After ending 2018 in a serious slump, demand for housing is suddenly soaring again, thanks to a drop in mortgage rates which could be temporary.
Home prices rose 4.7 percent in December, according to CoreLogic. That is the smallest annual gain since August 2012. Prices are still rising because of the shortage of homes for sale, especially on the lower end of the market.
Apparel retailer Charlotte Russe filed for Chapter 11 bankruptcy protection on Sunday, saying it plans to close nearly 100 stores. Here’s where they are.
Eddie Lampert’s $5.2 billion deal to buy Sears out of bankruptcy, is the only deal that would stave off liquidation and save 45,000 jobs. But Sears plans more store closures and layoffs in 2019.
Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. EasyKnock, a barely two year old company, gives you cash for your home and lets you stay on as a renter.
Conor Flynn, CEO of Kimco Realty, discusses Kimco’s earnings report as the shares soar with CNBC’s “Power Lunch” team.
CNBC’s Diana Olick provides some color to the new home sales numbers in 2018.
Super-wealthy investors are making some changes to their portfolios for 2019.
Ronnie Chan of Hang Lung Properties says consumers of luxury goods in Greater China appear to be marching on despite U.S.-China trade concerns, and his company is benefiting from the trend.
The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007.