Mortgage demand continues to drop as mortgage rates climb to a two-month high. Refinance demand is hit the most, while homebuyers face economic uncertainty.
Blackstone President and COO Jon Gray joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, impact of President Trump’s tariff policy, state of the real estate market, the Fed’s inflation fight, President Trump’s criticism of Fed Chair Powell, and more.
McMansions first appeared in American suburbs in the 1980s but have continued to grow larger and more eclectic as Americans seek bigger homes filled with amenities. These types of homes are often known to have been built with cheap materials and a poor design. Yet, Americans continue to buy them. CNBC looked into the why.
Jian Chang, chief China economist of Barclays, discusses the better-than-expected Q1 GDP data from China and says she has been less bearish on U.S.-China relations and China’s trade prospects with the rest of the world since November 2024.