Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just … Read more
New York State Attorney General, Letitia James, speaks during a news conference, to announce criminal justice reform in New York City, May 21, 2021. Brendan McDermid | Reuters A New York judge held real estate services giant Cushman & Wakefield in contempt of court for refusing to comply with subpoenas issued as part of the … Read more
Shares of Rocket Companies have plummeted more than 42% this year, but the stock is due for a comeback despite a “tough mortgage backdrop,” according to Wells Fargo. Analyst Donald Fandetti upgraded shares of the company to overweight from equal weight, saying in a note to clients Wednesday that the company will continue to take … Read more
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Mortgage rates dropped for the second week in a row, but that did not revive demand from homeowners or potential buyers. Rates fell 10 basis points last week and have declined … Read more
The negative impact of interest rate rises on Australian housing prices, household spending and the volume of dwelling investments may hurt consumer confidence and fuel the likelihood of a recession in Australia, analysts and economists say. The Reserve Bank of Australia raised interest rates for the third time in a row on Tuesday. Joining central … Read more
FUTURE LIGHT | Photodisc | Getty Images Sales contracts for Manhattan apartments plunged by nearly a third in June as the city’s scorching real-estate market started to cool amid recession fears and declining stocks. New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales … Read more
Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general. William Edwards | AFP | Getty Images Scottish engineering firm Orbital Marine Power said Monday it secured £ 8 million … Read more
Summer is a notoriously busy moving season – and high rent prices often reflect that. But prices seem to be cooling a little compared to the last 12 months overall. Median rent prices for one-bedroom apartments are only up 0.5% month over month, and prices for two-bedrooms are down 2.9% as of June, according to … Read more
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Buying a home is likely to be one of the largest purchases many Americans will make … Read more
A housing bubble requires 3 elements. The 2022 housing market has hit 2 | Fortune You need JavaScript enabled to view it.