CNBC

Home Sales in December 2018 Dropped More than Usual

January 29th, 2019

Across the US, home sales in December 2019 dropped more than the usual seasonal reduction in sales. Home sales dropped an average of 6.4% from November. According to both the National Association of REALTORS and a CNBC article, the drop was unusually large, as sales generally vary monthly in the very low single digit averages. [...]

How Much Will My Home Renovation Get Me in Return?

April 6th, 2018

How much will your home renovation get you in return? Well, it depends on what and how much you do. I realize that sounds as clear as mud. But based on a CNBC post, the answer varies depending on the situation. A survey was done by Remodeling magazine to determine what gave homeowners the best [...]

Mortgage Applications Up As Interest Rates Rise

January 26th, 2018

Mortgage applications are up both from last week and last year at this same time. There were 4.5% more mortgage applications submitted last week than the week before, and 6.1% higher than the same time last year. This is the highest level of new purchase mortgage applications since April 2010. CNBC has a great article [...]

Millionaire David Bach Says “Buying a home is ‘an escalator to wealth'”

January 18th, 2017

Millionaire David Bach says, "Buying a home is an 'escalator to wealth'," according to an interview with CNBC. He states in the CNBC article, "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than [...]

Housing Prices Expected to Rise 3-5% in 2010

May 16th, 2010

A recent statement by John Paulson of Paulson & Co, Inc. shows that housing prices are expected to rise 3-5% in 2010. CNBC published an article with quotes from the group's owner, who tracks home prices in California, and notes that what happens in the state tends to trend about six months later in the [...]