A plan to tax the rich on multi-million dollar second homes is gaining traction in New York City in order to raise funds for the MTA transit system. State Senator Brad Hoylman (D), who introduced the bill, joins “Squawk Box” to discuss the legislature’s interest in the law.
David Harrison of Charter Hall discusses the impact of Australia’s economy on the company. He also talks about the firm’s retail real estate business.
David Bassanese of BetaShares says the wealth effect is already in play in Australia. He notes that consumer spending has been weak following a decline in house prices.
Strong demand for housing last year kept home prices surging, and that means more homeowners are now sitting on more cash in the form of home equity. Collectively, homeowners with mortgages saw their equity increase by just over 8 percent last year.
of Jefferies breaks down the housing storm with CNBC’s “Power Lunch” team.
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017.
CNBC’s Steve Liesman reports on the largest household net worth decline since the financial crisis.
Jeffrey Sherman, Doubleline’s Deputy CIO, joins ‘Fast Money Halftime Report’ to weigh in on the ECB’s comments from this morning regarding slowing growth.
Wildfires destroyed more U.S. homes and buildings last year than at any other point in recorded history. It is impossible to build a fully fire-proof home, but researchers are now laser focused on making homes at least fire-resistant. CNBC’s Diana Olick reports.
It is impossible to build a fully fireproof home, but researchers are now focused on making homes at least fire resistant.