Mark Steinert, CEO of Stockland, says the biggest challenge in the Australian housing market is the contraction in credit.
Uncertainty in the political sector is unlikely to affect the Australian consumer, says Peter Allen, CEO of Scentre. He also explains why he says declining house prices may not impact retail sales in the country.
The nation’s homebuilders are feeling better about the state of their industry as lower interest rates boost consumer confidence.
Payless ShoeSource filed for bankruptcy protection on Monday, a day after it began winding down its 2,500 U.S. stores.
Jian Chang of Barclays says infrastructure investment in China is likely to pick up and will help to offset a slowing housing market.
CNBC’s “Power Lunch” team talks with Robert Frank, CNBC’s wealth reporter, and Eric Benaim, CEO of Long Island City brokerage Modern Spaces, about how Amazon’s decision to pull out of Queens will impact real estate.
“Amazon coming, I think, was a great thing,” says Ryan Serhant. “All they wanted to do was bring jobs.”
Ryan Serhant, real estate agent and managing director at NestSeekers International, started his career in Long Island City. He is well known as one of the real estate agents on Bravo’s “Million Dollar Listings New York.” Watch what he has to say about the Amazon HQ2 situation and how his clients are being affected.
Alphabet’s Sidewalk Labs reportedly proposed receiving a cut of property taxes, development fees and increased land value for its work in Toronto.
Keith Wu, CEO of Sunlight REIT, says interest rates continue to be a risk factor to business, but is now “more contained.”