The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased last week to 7.00% from 7.03%.
Zoopla’s Executive Director Richard Donnell joins Street Signs to discuss the state of the U.K. housing market after the new Labour Government unveiled plans to boost the sector.
Lawrence Yun, National Association of Realtors chief economist, joins ‘Squawk Box’ to discuss the state of the housing sector, whether housing prices have stabilized, mortgage rate trend outlook, and more.
Office vacancies in San Francisco hit another record in the second quarter, and rent prices fell to their lowest since 2015, according to Cushman & Wakefield.
Aynsley Lammin, equity analyst at Investec, says the U.K. Labour Party’s plan to restore mandatory housebuilding targets is a “quick win” for the sector that should boost planning and supply.
The pandemic-era race to spend on home improvement projects has given contractors and suppliers lots of newly built swimming pools to maintain, NBC News reports.
Ray Washburne, Highland Park Village Management president, joins ‘Squawk on the Street’ to discuss commercial real estate, high-end consumers, and more.