The Commerce Department said on Wednesday new home sales jumped 7.9% to a seasonally adjusted annual rate of 764,000 units last month, the highest level since July 2007. Housing market strength could help keep the economic expansion, now in its 11th year, on track. The sector, which accounts for about 3.1% of GDP, is being supported by cheaper mortgage rates after the Federal Reserve cut interest rates three times last year. CNBC's Diana Olick reports. Read Article
The predictability of REITs and long-term nature of leases should see investors through crises that are "relatively short-lived" and periods of temporary instability, says Andrew Lim of CapitaLand Group. Read Article
The housing market heated up at the end of 2019, and that was reflected in even bigger gains in home values, according to the closely watched S&P CoreLogic Case-Shiller Home Price Index. Read Article
Generally speaking, the higher your credit score, the better off you are. But the recovery time from a missed payment or financial setback differs for everyone. Read Article
Jan Kniffen, CEO of J Rogers Kniffen WWE, joins "Squawk Box" to discuss Home Depot's latest quarterly earnings results and the broader retail sector's impact from the coronavirus outbreak. Read Article
Tue, 25 Feb 2020 05:29:49 PST
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