More luxury homebuyers paying with cash this year, report says
Rich homebuyers are making more all-cash purchases of luxury homes this year, according to a recently-released report from Coldwell Banker Real Estate.
Major housing markets finally rebounding as buyers gain upper hand in unexpected cities
Home inventory in a number of major metropolitan areas have hit levels higher than they were before the COVID-19 pandemic, a new report from Realtor.com found.
National Association of Realtors faces lawsuit over monopoly claims
The Agency founder and CEO Mauricio Umansky discusses his lawsuit against the National Association of Realtors over allegations that the organization is violating anti-trust laws on ‘Varney & Co.’
Mortgage rates fall for fifth straight week, lowest since mid-April
The average rate on the 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.77%.
Iconic LA movie studio goes up for sale with a price tag of $45 million
A well-known Los Angeles film studio lot, Occidental Studios, has gone up for grabs with an $45 million asking price. It has been around since 1913.
Historic Hollywood studio on sale for $45 million
FOX Business’ Max Gorden reports from Los Angeles, California on Occidental Studios that is currently up for sale.
Don Peebles ‘shocked’ that epicenter of capitalism has elected a socialist in the Democratic primary
The Peebles Corporation founder, Chairman and CEO Don Peebles weighs in on the impact of Zohran Mamdani's policies on New York real estate, the Democratic Party being 'hijacked by the left wing' and the California housing market.
The American dream slips further away as younger adults retreat to parents' homes
Real estate expert Mauricio Umansky explains how the American dream of homeownership is delayed by affordability issues. Households are spending 44.6% of income on homes.
The 'American Dream' slips further away as young Americans abandon homeownership
Real estate expert explains that the 'American Dream' slips further away as young Americans abandon homeownership.
Mamdani will create a 'post-apocalyptic, Mad Max world' in New York: Jeff Sica
Jeff Sica of Circle Squared Alternative Investments explains what a Zohran Mamdani win would mean for New Jersey real estate and the impact of the 'big beautiful bill' on the markets.
Florida commercial real estate boom fueled by financial and tech executives relocating since pandemic
Florida's retail boom reflects migration of wealthy residents since 2020, with Palm Beach County adding 90,000 new residents and transforming from resort to year-round city.
Trump admin goes up to bat to save NJ family farm
FOX Business correspondent Jeff Flock reports from a 175-year-old New Jersey family farm facing possible seizure.
US regulator directs Fannie Mae, Freddie Mac to consider cryptocurrency as an asset
FHFA instructed Fannie Mae and Freddie Mac to prepare proposals for including cryptocurrency as an asset for mortgage reserves without converting to U.S. dollars.
Mortgage rates fall for 4th straight week, lowest since early May
The average rate on the 30-year fixed mortgage fell this week to 6.77%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.81%.
Developers push back on NYC mayoral candidate Mamdani’s housing plan
FOX Business' Lauren Simonetti reports on Democratic NYC mayoral candidate Zohran Mamdani’s $100 billion housing plan and the growing backlash from developers.
FOX Business Briefs 6/25
More homeowners find themselves underwater; mortgage rates rose slightly; FedEx expects its business to take a hit because of tariffs on imports from China; gas prices are down for the summer driving season.
Housing crisis deepens as 47 major metro areas now require homebuyers to spend more than 30% of income
Affordability in just three of the U.S.'s 50 top metro areas is such that households that make the median income can scoop up a home that won’t go above 30% of their earnings, Realtor.com found.
Top five buyer-friendly housing markets offer price cuts and increased inventory
Realtor.com reported Monday that a handful of cities stood out in May as being the most "buyer-friendly," offering both ample inventory and plenty of homes that have slashed their prices.
Real estate company Compass sues Zillow over consumers 'right to choose'
Real estate brokerage Compass sues Zillow for allegedly abusing monopoly power, claiming platform restrictions on listings violate antitrust laws.
Kentucky city lures remote workers with cash and perks in bold population growth strategy
Paducah, a city in western Kentucky, is trying to entice remote workers through a relocation program offering financial incentives.