ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email John Lovallo, UBS senior U.S. homebuilding and building products equity research analyst, joins ‘Power Lunch’ to discuss what’s happening in the housing market, the stocks he favors most in the housing space and more.
A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. “It is absolutely magnificent what happened throughout those 15 years.” Between 2010 and 2019, just 708 new housing structures went up in the […]
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The city of Detroit is bouncing back from its legendary 2013 bankruptcy filing. Depopulation driven by the rise of global trade threw the city into insolvency. Since then, Detroit has imposed high property tax rates citywide while awarding abatements to commercial-scale developers. […]
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Bob Sulentic, CBRE president and CEO, joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, macroeconomic concerns affecting CBRE, and if current occupancy rates stay. 03:03 Wed, Aug 10 202210:54 AM EDT
CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest weekly mortgage demand data from the Mortgage Bankers Association.
An “Open House” sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022. Mark Felix | Bloomberg | Getty Images After dropping at the end of July, mortgage rates moved higher on average again last week, but the daily moves were volatile. Mortgage demand was split, with gains […]
Jason Teh of Vertium Asset Management says “people are borrowing less to buy property” as prices have fallen.
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Capital Connection Andrew Cummings, head of prime residential at Knight Frank, says the Dubai property market is predicting price growth around 12% year-on-year. 02:18 15 minutes ago
Senate Majority Leader Chuck Schumer, D-N.Y., discusses the Inflation Reduction Act on Aug. 7, 2022 in Washington, D.C. Kent Nishimura | Los Angeles Times | Getty Images Senate Democrats curtailed a tax break for certain pass-through businesses as part of the Inflation Reduction Act passed Sunday. A pass-through or flow-through business is one that reports […]
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Ira Robbins, Valley Bank CEO, joins ‘Power Lunch’ to discuss whether he sees any signs of an upcoming recession, where the company’s loan demand is coming from and more.