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Real Estate News
Real Estate
HUD files discrimination complaint against Facebook
CNBC's Seema Mody reports on the Department of Housing and Urban Development filing a complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. Read Article
Rising rates imperil world's priciest property market
After a decade-long rally in Hong Kong, growing mortgage costs may finally deflate the city's housing bubble, The Financial Times reports. Read Article
Rent for office spaces is expected to remain high in Hong Kong, CEO says
Ada Wong from Champion REIT says "keen demand" for office spaces will remain because there's no new supply in the near term, at least until 2023. Read Article
Housing market shifts to buyer's market
CNBC's Diana Olick reports on homebuyers gaining negotiating power as more listings see price cuts. Read Article
Housing tipping back to a buyer's market as sellers cut prices
More price cuts are cropping up on U.S. housing markets listings than a year ago. This signals a turn in the market, which has been largely a seller's market for the past few years. Read Article
Homebuilder and construction stocks enter bear market
Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Read Article
Homebuilder sentiment falls to the lowest point in almost a year as affordability concerns intensify
While sentiment is still relatively high, builders are increasingly concerned over rising home prices and material costs. Read Article
Weekly mortgage applications drop as homebuyers drop out
Mortgage interest rates ticked lower last week, but that wasn't enough to entice homebuyers, according to the Mortgage Bankers Association. Read Article
Property is the only 'safe bet' for many Chinese families to invest in: Analyst
Stock market volatility could have led to more people to invest in real estate, which explain why house prices in China have increased, says David Ji of Knight Frank. Read Article
Guinness opens its first US brewery in 60 years
US fans of Guinness won't have to travel to Ireland to indulge in a fresh pint: Guinness just opened a $90 million brewery in Baltimore, USA Today reports. Read Article