Real Estate

Bitcoin, housing and parts of tech to crash: investor Rich Bernstein

[ad_1] A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation.According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation's expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market's most popular investments."There's a whole series of bubbles going on right now," the Richard Bernstein Advisors CEO and CIO told CNBC's "Trading Nation" on Wednesday.
Real Estate

Mortgage rates rise to an 8-month high, tanking refinance demand

[ad_1] Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.Getty ImagesMortgage rates have been on a tear this month, rising yet again last week to the highest level in eight months, according to the Mortgage Bankers Association. That caused mixed demand for mortgages last week, resulting in no change from the week before.The average contract interest rate for 30-year fixed-rate mortgages with
Real Estate

Chicago and Great Lakes hurt by climate change, need infrastructure

[ad_1] The Great Lakes are often called the nation's third coast, and the past five years in the region have been the wettest on record.While the lakes don't exactly correlate to rising sea levels, Chicago now sits in just as precarious a position as oceanfront cities. Heavier rainfall and more frequent droughts are now causing extreme swings in the water levels of Lake Michigan and the Chicago River, wreaking havoc
Real Estate

Opportunity zone funds are more hype than substance for tax planning

[ad_1] Reza Estakhrian | The Image Bank | Getty ImagesOpportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down.However, investors are starting to pay attention again, with lawmakers in Washington, D.C., mulling proposals that could have significant implications for wealthy individuals and families.An opportunity zone is an investment program
Real Estate

Expect more defaults from Chinese property developers: Loomis Sayles

[ad_1] Investors could expect more Chinese property developers to default on bond payments, but troubles in the real estate sector have not spilled over to other industries, an analyst said Tuesday.Financial distress among Chinese real estate firms came to forefront in the last few months as Evergrande and other developers struggled to repay their debt. Evergrande appeared to have averted a default after reportedly remitting funds for an interest payment
Real Estate

Billions in aid still available to struggling renters

[ad_1] Tim Allen | iStock | Getty ImagesTo address the renters' crisis triggered by the Covid-19 pandemic, Congress has allocated more than $45 billion in aid.More than six months after the money was authorized, most of it is still available.Just around a fifth of the funding, or $10 billion, had reached households by the end of last month, new data from the U.S. Department of the Treasury shows.That so much
Real Estate

How to start investing in real estate

[ad_1] In 2015, Sahil Mehta helped sell his first property in the Berkeley, Calif., area at the age of 18, earning a commission of around $2,000. It solidified his interest in pursuing real estate sales and investments, which has only grown in the ensuing years."It was such an incredible feeling, not because of the amount of money but the sense of accomplishment," Mehta tells CNBC Make It.Now, at just 25,
Real Estate

Midtown Manhattan reels from the highest retail vacancies in NYC

[ad_1] People walk past office buildings in midtown Manhattan on May 7, 2021 in New York City.Angela Weiss | AFP | Getty ImagesBefore the pandemic, it would take Rob Byrnes at least 15 minutes to wait in line and grab a quick lunch at a fast-casual restaurant in midtown Manhattan. Now, in the minority of people returning to office buildings in the area, Byrnes says he's in and out with
Real Estate

How much house can you afford? First-time homebuyers need a budget

[ad_1] Alexandra Lashner of Bensalem, Pennsylvania, became frustrated after attempting to buy a house this year and decided to postpone homeownership.Source: Alexandra LashnerAlexandra Lashner and her husband were excited to buy their first home earlier this year.They saved up enough for a 20% down payment and had no debt. Yet they still couldn't find a house, even after bumping their budget up to $300,000 from $250,000."A lot of homes have
Real Estate

As mortgage rates shoot even higher, refinance demand plummets 10%

[ad_1] A for sale sign shows the home as being "under contract" in Washington, DC, November 19, 2020.Saul Loeb | AFP | Getty ImagesA sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year