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Builders claim they’re feeling better about their business, but the sales numbers are still not reflecting that. So all eyes are on the spring market, which could determine the fate of both the stocks and the earnings of the biggest builders. Sales of newly built homes fell sharply in January, down nearly 7 percent month
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This earnings season is far enough along that investors can start making judgments about which stock market sectors are on the rise and which ones could see weakness in the better part of 2019, says CNBC’s Jim Cramer. “We need to be on the lookout for themes that are working in spite of the litany
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The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that
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Hello, San Antonio! Seniors residing in this Texas city have the have the largest non-mortgage debt balances. Those were the findings from a study by LendingTree. The site, an online loan marketplace, analyzed the data of more than 75,000 of its users. Excluding mortgages, residents of San Antonio between 65 and 70 years of age
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Surging demand and strong occupancy in the nation’s apartment market is “surprising” experts who say the continued strength is “unexpected.” Just a year ago, as dozens of cranes swarmed over major U.S. cities, there was concern that the rental apartment market was overheated and overbuilt. Apartment absorption, which is the rate at which new units
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Japan has an increasing number of vacant homes — a problem that’s set to persist because of an aging and shrinking population that has left many towns and villages empty. “Japan faces significant economic and social impact effects from demographic (aging) over the next three decades,” Rajiv Biswas, Asia-Pacific chief economist at IHS Markit, wrote
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If you were hoarding receipts in a shoebox with the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act placed steep limits on itemized deductions, including lesser-known breaks for the fees you pay your tax preparer and unreimbursed employee business expenses. The
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With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to make a move last week, and there was even less for homeowners looking to save money on their mortgages. Total mortgage application volume moved 0.1 percent lower last week from the previous
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