Share Squawk Box After the deadly Florida condominium collapse in Surfside back in 2021, state lawmakers required condos that are at least 30 years old to do inspections, make repairs and gather reserve funds for future repairs. CNBC’s Diana Olick joins ‘Squawk Box’ to discuss the impending ‘condo cliff’ in Florida. 03:37 30 minutes ago…
Published Thu, Dec 5 20241:07 PM ESTUpdated 2 Hours Ago Zev Fima@zevfima An exterior view of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty Images Feeling shut out of this hot market? Maybe some FOMO — fear of missing out. You’re not alone. The S&P 500…
Share Squawk Box Bill Emerson, Rocket Companies president, joins ‘Squawk Box’ to discuss the company’s lawsuit against the Department of Housing and Urban Department, why the company filed a motion to be dismissed from a DOJ racial discrimination lawsuit, state of the mortgage market, and more. 08:02 an hour ago Source: www.cnbc.com
Share CNBC Digital Original Video While many U.S. malls face anchor store closures and empty parking lots, some are finding new life by becoming housing. At least 192 U.S. malls planned to add housing to their footprint as of January 2022. Dozens of apartment projects at malls are underway in California, Colorado, Florida, Arizona and…
Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale. That fueled mortgage demand last week, as consumers looking to refinance pulled back. Total mortgage application volume rose 2.8% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made for…
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Share Street Signs Asia Anand Gupta of Allianz Global Investors sees multiple bright spots in India markets. He believes India’s diversified growth story appeals to investors, alongside themes like real estate, power and consumer discretionary. He expects the allegations against the Adani group to have minimal impact on the India market overall. 02:46 an hour…
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The Good Brigade | Digitalvision | Getty Images Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or…
