Prospective homebuyers eyeing a condominium may soon discover that mortgage lenders are as interested in the condo building as they are in the buyer. New condo-lending policies taking effect on Aug. 3 from Fannie Mae and Freddie Mac — government-sponsored enterprises that purchase qualifying mortgages on the secondary market — mean that some purchases could…
South Korean President Lee Jae Myung delivers a speech during the opening ceremony of the 48th session of the UNESCO World Heritage Committee at BEXCO convention and exhibition centre in Busan on July 19, 2026. (Photo by JUNG YEON-JE / POOL / AFP via Getty Images) Jung Yeon-je | Afp | Getty Images South Korean…
A “Coming Soon” sign outside a home for sale in Hercules, California, US, on Wednesday, June 17, 2026. David Paul Morris | Bloomberg | Getty Images Mortgage rates continued their climb last week, but homebuyers trickled back into the market, perhaps taking advantage of less competition and some price cuts. That helped push total mortgage…
When I met my husband at a work conference in 2013, it was love at first sight. That chance meeting eventually led me to call the beautiful twin-island nation of Trinidad and Tobago home. At the time, I was building my career in Atlanta as a media consultant working with NFL and NBA players. I…
Morsa Images | Digitalvision | Getty Images Even as home price gains have slowed, buying a house doesn’t appear to be getting any easier. Homebuyer affordability slid in June for the fifth consecutive month, according to the National Association of Realtors’ latest housing affordability index. Based on the median price of a single-family house, $446,400,…
Two different reads on the housing market released Thursday point to the same problem, one that appears to be getting worse. Housing is just too expensive — to own and to build. Pending home sales in June, a measure of signed contracts on existing homes, fell 5.4% from May, according to the National Association of…
Bipartisan legislation intended to increase the U.S. housing supply and improve affordability is now law — but experts say homebuyers and sellers shouldn’t expect fast relief. The 21st Century ROAD to Housing Act automatically became law on Saturday after President Donald Trump neither signed it nor vetoed it within a set timeframe. The legislation combines…
High mortgage rates coupled with record-high prices are causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were predicting a slight gain month over month. June sales were, however,…
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida. Joe Raedle | Getty Images Mortgage rates have been hovering in a tight range for more than a month, and that range is on the relatively high side. As a result, mortgage demand isn’t moving much either. Total…
Brookfield Asset Management wants to bring data centers to London’s Canary Wharf, the financial district often dubbed the “U.K. Wall Street,” CEO Connor Teskey told CNBC on Thursday. Speaking with CNBC’s “Squawk Box Europe” in Canary Wharf, Teskey said AI infrastructure, and the underlying energy requirements needed to support it, are now “the single largest…
