News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Cannes: How one city is capitalizing on big festivals
Cannes, France is home to some of the biggest festivals in the film and advertising industries, CNBC’s Elizabeth Schulze reports about how the economic impact of these events goes beyond the main stage. Read Article
CoStar Group: More millennials are moving out of their parent's place
Due to the strength of the job market, fewer young adults lived with their parents in 2017 than in 2016, new data shows. Read Article
Some borrowers recently returned to the mortgage market
The gain in mortgage applications was driven by applications to refinance a home loan. Read Article
US existing home sales fall for second straight month
Existing home sales were expected to increase in May. Read Article
A $24 million tear down on Nantucket? Home prices on the island breaking records this summer
Home sales are heating up on the Massachusetts vacation island and dollar volume could exceed $1 billion this year. Read Article
Mortgage applications jump 5.1% as interest rates settle
The gain in mortgage applications was driven by applications to refinance a home loan. Read Article
High net worth wealth gains in 2017 show Asia is a leader: Capgemini
David Wilson of Capgemini Financial Services says China, Japan and India all showed solid gains among high net worth individuals in 2017, led by stock market rallies and diversified investments. Read Article
A Kmart store opens inside a Sears store in Brooklyn, and more may be on the way
The department store chain is also about to start testing mini Sears shops, selling appliances, inside its Kmart locations. Read Article
New home construction booms to a near 11-year high in May
U.S. homebuilding accelerated in both single-family and multi-family home construction. Read Article
A look ahead for Australia's housing market
David Bassanese of BetaShares Capital says the general trend for Australia's housing market is lower prices for now, with a potential central bank interest rate hike next year bringing further headwinds. Read Article