New York City braces for wealth flight with Mamdani’s political rise
Zohran Mamdani’s primary win in New York City’s mayoral race and proposal to raise taxes on millionaires have touched off
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Real Estate
Homebuilders are slashing prices at the highest rate in 3 years
A construction worker carries a sheet of OSB sheathing as he builds a roof on a residential homes in Irvine,
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Blackstone is buying rental homes again. Here’s why
Blackstone is an American alternative asset manager with significant interests in rental housing. In recent years, the company spent billions
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Weekly mortgage demand plummets 10%, as rates and economic concerns rise
Victor Becerra surveys his property located next door to a recently sold property on Wapello St. in Altadena, CA on
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Real estate firms race to put data centers on the moon, build space support
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new
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Trump’s tariffs are hurting the office recovery
Construction renovation of new office in business building window at night Fangxianuo | E+ | Getty Images A version of
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More U.S. housing markets see falling home prices
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin
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Mortgage demand rises to the highest level in over a month
A home is seen for sale on April 24, 2025 in Austin, Texas. Brandon Bell | Getty Images Mortgage interest
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Americans pay trillions in rent, but few get credit score boost for it
An estimated $1.4 trillion is paid to landlords of residential properties every year in America, but only 20% of those
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Homebuyers finally responded, as mortgage rates dropped
A for-sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost |
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