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General Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Pull back on risky mortgages could shut buyers out of housing market: Economist
Daryl Fairweather, Redfin chief economist, joins 'The Exchange' to disucss why Fannie Mae and Freddie Mac are pulling back on risky mortgages. Read Article
Take a look inside of Lachlan Murdoch's new $150 million LA mansion
Media scion Lachlan Murdoch reportedly paid $150 million for an estate in Los Angeles' Bel Air neighborhood, making it the most expensive home ever sold in the city. Read Article
Property magnate warns greed will lead to 'disaster' for Dubai's housing market
Dubai property magnate Hussain Sajwani has repeated calls for an immediate halt to construction. Read Article
Recent homebuyer numbers show 'spending is just beginning' for millennials, Jim Cramer says
"After a decade of cocooning, millennials want to buy homes that represent value, which is in keeping with the way they shop for everything else," CNBC's Jim Cramer says. Read Article
Future focus: Ingenuity sustaining our future
It is said that the best way to predict the future is to design it. Projections show that by 2050 society will require double the Earth’s available resources. It has never been more important for us to adopt smart, sustainable solutions to ensure that we can continue to enjoy a good quality of life – meeting the needs of the present while enhancing the ability of future generations to meet their own. Read Article
Refinance boom pushes weekly mortgage applications higher
By now you would think just about everyone had refinanced their mortgage to today's historically low interest rates, but apparently not. Refinance volume drove total mortgage application activity 3.8% higher last week, according to the Mortgage Bankers Association. Read Article
REITs will continue to see good performance, JLL says
Regina Lim of JLL says she foresees more initial public offerings for Singapore and Indian REITs. She also says, in the last 12 months, Singapore REITs have made "very nice strategic acquisitions" that will allow them to deepen their exposure in new markets. Read Article
Will teens save America's Malls?
CNBC's Diana Olick on a CBRE report that says teenagers will return to malls in 2020. Read Article
Teens could be a saving grace for malls, new research says
Millennials may have fled the malls, but brick-and-mortar retail is apparently more appealing to Generation Z. Teenagers are becoming big spenders, and they like to do a lot of that spending in actual stores, according to new research from CBRE. Read Article
UK property funds flash warning signals as Brexit uncertainty bites
Investors are reconsidering whether to park cash in U.K. property funds amid uncertainty over Brexit and the future of the retail sector. Read Article