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East Palestine, Ohio CNN —Melissa Henry already had a lot on her plate before a Norfolk Southern train derailed in East Palestine about a mile away from her home on February 3, spilling toxic chemicals into the air. He currently has several properties listed in East Palestine and said there are about 14 properties total on the market, more than there would typically be. East Palestine is a good city. But they just got kicked in the pants on this one.”An aerial view shows a plume of smoke, following a train derailment that forced people to evacuate from their homes in East Palestine, Ohio, on February 6, 2023. Alan Freed/ReutersWith a population of about 5,000 people, there are roughly 2,600 residential properties in East Palestine, according to Attom, a property data provider.

☆ In Harlem, a 19th-Century Home That’s Playfully Modern Inside
▼ + stars: | 2023-04-21 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

(“I hired him to be a collaborative partner, then he became my partner partner,” she said.) The Harlem townhouse is going back on the market for $3.25 million, according to the listing brokers Stan Ponte and Colin Montgomery of Sotheby’s International Realty. Measuring around 4,900 square feet over four stories, the townhouse has five bedrooms, two full bathrooms and a powder room. “In the late 1800s it was a place for horses, and now it’s a place to park your car,” Mr. Montgomery said. “What was a luxury then is still a luxury today.”

☆ Manhattan’s Top Office Landlord Looks at Plan B
▼ + stars: | 2023-04-20 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

An apartment in a former office building that is being converted to residential housing in lower Manhattan. Photo: Lev Radin/Zuma PressManhattan’s largest office landlord asks its own staff to commute to the office five days a week but sounds less optimistic that other employers will do the same. Cash flow from operations—a key measure of the profit that property companies make on rents—was 10% below what analysts expected. The company offered new tenants 4.8 months rent-free, equivalent to 6% of the average lease length. In 2019, 3% was more normal in New York, according to CompStak data.

☆ Seeking a Fresh Start in Connecticut: In a House or a Condo?
▼ + stars: | 2023-04-20 | by ( Lisa Prevost | ) www.nytimes.com time to read: +3 min

Mr. Chiu, an internationally acclaimed pianist, often performed for their guests in the large, round music room. “Now there are a lot of organizations bringing together the arts, so we don’t need to maintain a separate venue,” said Ms. Esposito, 63, a corporate innovations consultant and an artist. Mr. Chiu, 58, also spends about a week every month in Pittsburgh, where he is a professor of piano at Carnegie Mellon University. “We spent a lot of time looking at and bidding on houses that were right on or near the water,” Ms. Esposito said. “We are looking at this long term,” Ms. Esposito said.

☆ Analysis: Banking crisis scars struggling U.S. real estate stocks
▼ + stars: | 2023-04-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

After slumping 28% last year, the S&P 500 real estate sector (.SPLRCR) has gained about 1% in 2023, lagging an 8% rise for the overall S&P 500 (.SPX). Real estate is the only one of the 11 S&P 500 sectors to underperform the benchmark index in both 2022 and so far in 2023. The real estate sector has slumped 2% since SVB's troubles came to light on March 8, compared to a 4% rise for the S&P 500. “There is nothing about the current banking situation ... that made life easier for real estate companies,” said Peter Tuz, president of Chase Investment Counsel. S&P 500 real estate company earnings are expected to fall 0.3% this year after rising almost 11% in 2022, according to Refinitiv IBES.

☆ Stocks making the biggest moves after hours: Tesla, Las Vegas Sands, IBM and more
▼ + stars: | 2023-04-19 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Las Vegas Sands — The stock rose 4.3% after the casino and resort company issued quarterly results. The company reported adjusted earnings per share of $1.36, beating the consensus estimate of analysts polled by Refinitiv by 10 cents. For its fiscal fourth quarter, the company anticipates adjusted earnings of $5 per share and $3.1 billion in revenue. Zions reported earnings per share of $1.33, falling short of analysts' expectations of $1.53, according to Refinitiv. Alphabet preliminarily reported between $108 million and $109.5 million in first-quarter revenue, while analysts polled by FactSet estimated $101.6 million.

☆ DeLeon Realty CEO on the state of the housing market
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeLeon Realty CEO on the state of the housing marketMichael Repka, DeLeon Realty Group CEO, joins 'Power Lunch' to discuss the moves in housing prices from Repka's vantage point, how the high-end homes are doing, and what $3 million would buy you in Silicon Valley.

☆ Miami Housing Market Cools but Is Still the Hottest Around
▼ + stars: | 2023-04-18 | by ( Deborah Acosta | ) www.wsj.com time to read: 1 min

Miami home-price growth slowed but continued its ascent in the first quarter, fueled by persistent demand even as higher mortgage rates pull down housing prices in much of the U.S. Median prices in Miami-Dade County rose 5.2% during the quarter compared with the same quarter last year, according to Ron Shuffield, president of Berkshire Hathaway Home Services EWM Realty.

☆ In Tulsa, a Restored Frank Lloyd Wright-Designed House Lists for $7.995 Million
▼ + stars: | 2023-04-18 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. After a restoration, a Frank Lloyd Wright-designed house in Tulsa, Okla., is going on the market for $7.995 million, according to listing agent Rob Allen of Sage Sotheby’s International Realty.

☆ A New Home Is Crowned Priciest Property to Ever Sell in Paradise Valley
▼ + stars: | 2023-04-15 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. In Paradise Valley, Ariz., a home built for a car collector has closed for $23.5 million, making it the most expensive home ever sold in the affluent Arizona town, according to listing agent Joan Levinson of Realty One Group.

☆ How to Get a Mortgage
▼ + stars: | 2023-04-15 | by ( ) www.wsj.com time to read: +15 min

“Houses cost more than the money invested to purchase them,” says Brian Rugg, chief credit officer at mortgage lender loanDepot. Research mortgage loan types and lendersThere are two basic categories of mortgage: private and government backed. “Look at customer reviews from past borrowers,” says Alex Shekhtman, a mortgage broker and founder of LBC Mortgage in New York. “Mortgage lenders use appraisals to protect their investment in the home,” says Liz Lopez, a real-estate agent at RelatedISG Realty. Since mortgage payments are made in arrears—meaning you pay on the first of the month for the previous month’s charges—you won’t owe a mortgage payment until the start of the second month following your closing date.

☆ How Broadway Theater Owners Are Trying to Block a Times Square Casino
▼ + stars: | 2023-04-14 | by ( Dana Rubinstein | ) www.nytimes.com time to read: +1 min

Some New Yorkers may love Times Square; some definitely hate it. That also goes for a casino that may be headed there. Caesars Entertainment and SL Green Realty Corporation, New York City’s largest commercial landlord, say that Times Square — with its neon lights and jostling tourists — is tailor-made for their Jay-Z-backed bid for a parlor of one-armed bandits and roulette wheels. But Max Klimavicius, the owner of the century-old Sardi’s restaurant, would like a word. “A casino in Times Square has the potential to jeopardize the character of the theater district and ultimately the fate of its restaurants,” Mr. Klimavicius said.

☆ Auto, realty stocks power Indian shares ahead of March quarter earnings
▼ + stars: | 2023-04-10 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, April 10 (Reuters) - Indian shares advanced on Monday, aided by auto and realty stocks following strong quarterly business updates, but rising odds of a U.S. Federal Reserve rate hike in May capped gains. The Nifty 50 (.NSEI) rose 0.28% at 17,647.70, as of 9:51 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.24% to 59,975.11. Ten of the 13 major sectoral indexes advanced, with auto stocks (.NIFTYAUTO) rising over 1%. Wall Street equities rose on Thursday in a truncated week, ahead of U.S. jobs data, which was released on Friday. The market is pricing in 68.3% chance of a 25 basis point rate hike in May, up from 49.2% on Thursday, according to CME's FedWatch Tool.

☆ Software giant Oracle and five consumer names are among Wall Street’s most overbought stocks
▼ + stars: | 2023-04-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

A stock is considered overbought if its 14-day RSI goes above 70, meaning investors should consider easing their exposure. Meanwhile, a stock with a 14-day RSI under 30 is considered oversold, meaning it may want more to that name. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Oracle topped the list with a 14-day RSI of 95.6. FRC 1M mountain FRC this past month Other stocks approaching oversold territory are Charles Schwab , Digital Realty , Applied Materials , AMD , C.H.

☆ A Massive Estate in Pennsylvania’s Bucks County Asks $14.5 Million
▼ + stars: | 2023-04-07 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A home in Pennsylvania’s Bucks County is aiming for a local record with an asking price of $14.5 million, said Cary Simons of Kurfiss Sotheby’s International Realty, who is marketing the property with New York agent Stan Ponte.

☆ Washington, D.C., Penthouse Fetches $12.762 Million, Becoming Priciest Condo in Nation’s Capital
▼ + stars: | 2023-04-06 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A Washington, D.C., penthouse has sold for $12.762 million, becoming the most expensive condo sale in the nation’s capital city, according to real-estate agent Matt McCormick of TTR Sotheby’s International Realty, who represented the buyer in the transaction.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: New dawn for JNJ, Disney push, Meta upgrade
▼ + stars: | 2023-04-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Meta Platforms (META) price target raised to $250 from $225 at Jeffries. Federal Realty (FRT) price target lowered to $111 from $118 at Piper Sandler. Bank of America raises price target for Apple to $168 from $158, keeps a neutral rating on shares. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more
▼ + stars: | 2023-04-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

UnitedHealth — Shares of the health insurance giant gained about 4% after the Center for Medicare & Medicaid Services on Friday announced updated payment rates. The Wall Street firm said Marqueta is facing a "multitude of headwinds" without an ironed-out renewal deal with Block. Extra Space Storage , Life Storage — Shares of Extra Space Storage fell 5% after the company said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where Life Storage closed Friday. Shares of Life Storage shares rose 3%. Ovintiv – The oil and natural gas exploration and production company saw shares jump 10% after announcing it will acquire certain Midland Basin assets from EnCap Investments for about $4.3 billion.

☆ Jim Cramer's top 10 things to watch in the stock market Monday: OPEC+ surprise, Macy's lift, Tesla miss
▼ + stars: | 2023-04-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

How are we approaching the market week ahead? I also explained that we are indeed in a bull market, but that things could get a bit rocky from here. Analyst Matthew Boss also increased his price target by a buck to $29, citing favorable risk-to-reward setup at current stock price. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Chinese demand is helping boost Singapore property prices, Chinese students are snapping up apartments in Sydney and Melbourne, and agents say Chinese interest is ticking up in Thailand. But they indicate that in the wake of the pandemic, Chinese families are looking to relocate assets, and even themselves, overseas. Home purchases in Singapore, where Chinese are the top foreign buyers, cooled early in 2023 from last year's torrid pace - but only slightly despite a steep rise in real estate stamp duties. The Singapore American School has "seen significant interest from Chinese families looking to enrol," it said in a statement responding to Reuters questions. Canada, another real estate market popular with Chinese investors, has put a two-year ban on foreign purchasers.

☆ We're paying $1 million to live on a cruise ship and sail around the world while we keep managing our property empire
▼ + stars: | 2023-04-01 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +5 min

Amanda Williams and her boyfriend are spending $1 million to live permanently on a cruise ship. Insider has verified her income and her place on the cruise ship with documentation. So instead, we decided to buy an apartment with a 12-year lease for $1 million on the Storylines' MV Narrative that launches in 2025. Picking living on a cruise ship over a yachtIt was a lot of work taking care of our friend's boat. They're in 23 countries so I'm planning to build out my business when I visit them on the cruise ship.

☆ Foot Locker is closing 400 stores. They may become an eyesore
▼ + stars: | 2023-03-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Foot Locker will close 400 stores by 2026 in malls. Anchor vacancies in malls hurt neighbors like Foot Locker and reduce traffic to their stores as well. Eventually, stores like Foot Locker go dark and it becomes harder for the mall to survive. Finding tenants for the 400 Foot Locker spaces will be challenging as big retailers look to stay away from weaker malls. Bed Bath & Beyond will be “much easier to fill than in-mall spaces.”So what happens to all the indoor malls with empty Foot Locker stores and other vacant spaces?

☆ JPMorgan says commercial real estate decline is intensifying. Beware these exposed stocks
▼ + stars: | 2023-03-27 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

As commercial real estate comes under even greater pressure, investors should steer clear of these stocks that are overexposed to the sector, JPMorgan said. Commercial real estate is already facing more challenges this year than other parts of real estate, such as retail or lodging. Last year, office real estate dropped 37.6%, also on a total return basis. Given this, JPMorgan screened for a basket of stocks with direct and indirect exposure to U.S. commercial real estate. JPMorgan also identified pharmacy store chains Walgreens Boots Alliance and CVS Health as having direct exposure to any slowdown in commercial real estate.

☆ Commercial real estate is the next shoe to drop for regional banks and the stock market
▼ + stars: | 2023-03-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Commercial real estate is probably the next pain point for regional banks and the stock market, according to BofA. The bank noted that US regional banks account for 68% of all commercial real estate loans. The weakness in commercial real estate is evidenced in current market prices for stocks and debt tied to the sector. This is a perfect storm for regional banks because they have so much exposure to commercial real estate loans. According to Bank of America, US regional banks account for 68% of commercial real estate loans, much more than their mega-cap banking peers.

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