Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
WeWork tells investors it lost $1.25 billion in the third quarter
Losses were up more than 150% from last year as the company added a record number of desks. Read Article
Bidding wars for homes hit a decade low
Competition in the fall housing market is falling. Just 10% of offers written by Redfin agents for their clients in October faced a bidding war, down from 39% a year ago, according to the Seattle-based real estate brokerage. Read Article
Homebuilder stocks are on a run—here's who's leading the sector and why
Homebuilder stocks are up 50 percent this year. Kenneth Zener, KeyBanc Capital Markets, and CNBC's Diana Olick joins 'The Exchange' to discuss what's behind the move and which stocks to watch. Read Article
Weekly mortgage applications jump to highest level in over a month
Mortgage rates are turning higher again, and that was likely behind a major surge in mortgage application volume last week. Read Article
Surveillance video released of burglars who raided billionaire Mall of America mogul Don Ghermezian's New York mansion
Police released video of the suspected burglars who ransacked the New York mansion of billionaire Don Ghermezian, stealing $140,000 worth of luggage and jewelry. Read Article
Warehouse leasing plummets – because there's so little new space to lease
Warehouse tenants soaked up about 41 million square feet of space in the third quarter of this year, a 23% drop from the previous quarter and less than half as much as a year ago, according to a new report. Read Article
How real estate can help cities reach the Paris pact goals
Ed Walter of Urban Land Institute says the real estate sector is realizing there are economic benefits to pursuing the Paris climate agreement's goals because reducing energy usage saves cost. He also says Hong Kong REIT prices aren't likely to recover until there's a sense that normalcy will return to the city and weighs in on how trade friction has impacted the property market. Read Article
Project Destined and Acorns bring investing education to youth
A program to teach inner city kids how to become real estate investors is now attracting big name partners in real estate and personal finance. Cedric Bobo, Project Destined co-founder and former principal of The Carylyle Group, and Noah Kerner, Acorns CEO, sit down with CNBC's Diana Olick to discuss. Read Article
Inner-city kids are learning the art of real estate investing from these major property tycoons
Project Destined, a nonprofit program teaching inner-city kids how to develop and invest in real estate, operates in major cities nationwide. Participants gain financially from the profits on real deals in which Project Destined invests. Read Article
Teaching real estate fundamentals through Project Destined
Project Destined teaches inner city at-risk youth about real estate is in 7 cities and boasts major real estate partners like Brookfield, Westfield, Walker & Dunlop and Cortland. Now they are announcing a new partnership with Acorns. Read Article