Banks Are Finally Realizing What Climate Change Will Do to Housing

Banks Are Finally Realizing What Climate Change Will Do to Housing

Clean energy firms are reaping the rewards of this emerging shift. Aira, a Swedish firm that carries out heat pump installations, recently announced that it had struck a deal valued at €200 million ($214 million) for loan commitments from the bank BNP Paribas. This will allow Aira customers in Germany to pay for their heat … Read more

Italy’s cheap homes hot spot puts more up for sale

Italy’s cheap homes hot spot puts more up for sale

Dwindling Italian towns have been pulling out all the stops to lure new residents in recent years, with several €1 home schemes launching across the country. But while some towns have struggled to find buyers for their abandoned buildings, others have been basking in the glory of successful sales. After seeing huge demand for its … Read more

Homeless group living in tents behind Salvation Army Modbury forced to relocate with no alternative

Homeless group living in tents behind Salvation Army Modbury forced to relocate with no alternative

A group of homeless men living in tents behind a Salvation Army office in Adelaide’s northeast are being forced to move on — but there is nowhere else for them to go, with homeless shelters full across the city. Peter Woodforde is one of the four men living in a gazebo behind the office on … Read more

Home in Tottenham, about six hours from Sydney in NSW, selling for just $65,000

Home in Tottenham, about six hours from Sydney in NSW, selling for just ,000

A NSW property is on the market for just $65,000 — but there is, of course, a catch. The Tottenham property, located about six hours from Sydney, is a former church. It is situated on 1010sqm and has power, water and sewerage available. Know the news with the 7NEWS app: Download today Photos included in … Read more

Why competition in the housing market is cooling off

Why competition in the housing market is cooling off

Goodboy Picture Company | E+ | Getty Images More homeowners are listing their homes for sale — but properties are taking longer to sell as potential buyers face high prices and interest rates. New listings from home sellers jumped in May, up 13% from a year ago, according to the latest market report by Zillow. … Read more

9 stocks that can benefit from Fed interest rate cuts

9 stocks that can benefit from Fed interest rate cuts

The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the … Read more

The biggest decline in capital cities’ advertised rents in over four years was just recorded. Here’s what that actually means

The biggest decline in capital cities’ advertised rents in over four years was just recorded. Here’s what that actually means

Advertised rents in Australia’s capital cities have dropped, in the largest monthly percentage decline recorded since 2020. A fall of 0.5 per cent was recorded in May, according to a new report by SQM Research. This was “driven by falls in Sydney and an unchanged reading out of Melbourne”, the report said. Know the news … Read more

Why high interest rates make it tough to tap home equity

Why high interest rates make it tough to tap home equity

Cultura Rm Exclusive/twinpix | Image Source | Getty Images Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors. Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of the record set … Read more

The cost of buying famous TV and movie homes

The cost of buying famous TV and movie homes

The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree. However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything … Read more

Mortgage demand falls for the second straight week, but all eyes are on Friday’s jobs report

Mortgage demand falls for the second straight week, but all eyes are on Friday’s jobs report

A home available for sale is shown on May 22, 2024 in Austin, Texas.  Brandon Bell | Getty Images Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous … Read more