Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting the employment picture. Initial filings for the week ended Jan.…
Category: Real Estate
December home sales drop 4.6%, as supply hits record low
A “Sold” sign stands outside a home following a snow fall in Geneseo, Illinois. Daniel Acker | Bloomberg | Getty Images Closed sales of previously owned homes in December fell…
Property sector is most ‘zombified,’ rate hikes will be risky: Kearney
There’s a “big risk” of real estate companies filing for insolvency when interest rates rise, according to a partner at consulting firm Kearney. Nils Kuhlwein pointed out that the global…
Homebuyers are rushing to get mortgages before rates move even higher
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates are rushing…
Mortgage rates jump again, causing headaches for homebuyers
Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The…
Homebuilder confidence drops for the first time in four months
Workers install roofing on an apartment complex under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builders in the single-family housing market…
The top spots to shop for the winter vacation home of your dreams
A home in Breckenridge, Colorado. Michael Robinson | Corbis Documentary | Getty Images Ever since the Covid pandemic began almost two years ago, weary Americans hankering for a fun, but…
New York’s eviction ban expires Saturday. What renters need to know
Protesters hold signs during a protest against the expiration of an eviction moratorium in the Manhattan borough of New York City, January 14, 2022. Carlo Allegri | Reuters Throughout most…
Ubiquitous Energy aims to turn skyscrapers into vertical solar farms
Ubiquitous Energy solar energy capturing windows installed at Michigan State University. Courtesy of Ubiquitous Energy A material science start-up, Ubiquitous Energy, is raising tens of millions of dollars to turn…