Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes. The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. Yet that was a 56% decline from the previous 12 months and comparatively the biggest percentage drop of all foreign buyers. The Chinese government


Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes. The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. Yet that was a 56% decline from the previous 12 months and comparatively the biggest percentage drop of all foreign buyers. The Chinese government
Foreign purchases of American homes plunge 36% as Chinese buyers flee the market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: diana olick
Keywords: news, cnbc, companies, homes, real, chinese, previous, purchases, property, demand, buyers, 36, drop, estate, flee, foreign, plunge, american, market


Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.

The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period.

They paid a median price of $280,600, which is higher than the median for all existing homebuyers ($259,600), but it was down from $290,400 the previous year.

“A confluence of many factors — slower economic growth abroad, tighter capital controls in China, a stronger U.S. dollar and a low inventory of homes for sale — contributed to the pullback of foreign buyers,” said Lawrence Yun, NAR’s chief economist. “However, the magnitude of the decline is quite striking, implying less confidence in owning a property in the U.S.”

The Chinese were the leading buyers for the seventh consecutive year, purchasing an estimated $13.4 billion worth of residential property. Yet that was a 56% decline from the previous 12 months and comparatively the biggest percentage drop of all foreign buyers. Chinese economic growth slowed to 6.3% in 2019 compared with 6.9% in 2017, when the previous buyer survey began. The Chinese government also tightened its grip on the outflow of cash to purchase foreign property.

The Chinese may also be souring on U.S. real estate due to the current political climate. Anecdotally, real estate agents in California have seen a pullback in Chinese buyer demand. Southern California had been particularly popular with Chinese parents hoping to send their children to American colleges.

In the first quarter of this year, Chinese buyer inquiries for U.S. properties on Juwai.com, a Chinese real estate site, were down 27.5% from a year ago. Inquiries have been down in four of the last five quarters.

“We call it the Trump effect. It’s a combination of anti-Chinese political rhetoric, a clampdown on visa processing, and of course tariffs,” Carrie Law, CEO and director of Juwai.com, said in a recent interview. “The Trump effect is undercutting some of the primary drivers of Chinese demand for U.S. property, including buying homes for students who are studying in the U.S. and the country’s reputation as a safe investment.”


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: diana olick
Keywords: news, cnbc, companies, homes, real, chinese, previous, purchases, property, demand, buyers, 36, drop, estate, flee, foreign, plunge, american, market


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Former car salesman: The No. 1 mistake first-time car buyers make

Almost always, a car will end up costing you more than the sticker price — and not anticipating the true cost is “the absolute biggest mistake first-time buyers make,” says former car salesman Matt Jones, who is now the senior manager of insights at Edmunds, a car-review site. There’s also insurance, he adds, which can be higher for first-time buyers, as they’re typically on the younger side and don’t have as much driving experience. “Take a look at your car deal with a 360-degree view,” says Jo


Almost always, a car will end up costing you more than the sticker price — and not anticipating the true cost is “the absolute biggest mistake first-time buyers make,” says former car salesman Matt Jones, who is now the senior manager of insights at Edmunds, a car-review site. There’s also insurance, he adds, which can be higher for first-time buyers, as they’re typically on the younger side and don’t have as much driving experience. “Take a look at your car deal with a 360-degree view,” says Jo
Former car salesman: The No. 1 mistake first-time car buyers make Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: kathleen elkins
Keywords: news, cnbc, companies, younger, car, gas, mistake, using, youre, salesman, firsttime, insurance, jones, buyers, sites


Former car salesman: The No. 1 mistake first-time car buyers make

Almost always, a car will end up costing you more than the sticker price — and not anticipating the true cost is “the absolute biggest mistake first-time buyers make,” says former car salesman Matt Jones, who is now the senior manager of insights at Edmunds, a car-review site.

“People get fixated on their car payment,” Jones tells CNBC Make It, and forget to factor in all of the expenses that come with actually owning a vehicle, like gas, maintenance and repairs.

There’s also insurance, he adds, which can be higher for first-time buyers, as they’re typically on the younger side and don’t have as much driving experience.

“Take a look at your car deal with a 360-degree view,” says Jones. That means using sites like fueleconomy.gov to research fuel prices in your area and the gas mileage of the car you’re interested in buying. Next, get an auto insurance quote using sites like State Farm or Geico.


Company: cnbc, Activity: cnbc, Date: 2019-07-16  Authors: kathleen elkins
Keywords: news, cnbc, companies, younger, car, gas, mistake, using, youre, salesman, firsttime, insurance, jones, buyers, sites


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The housing market is about to shift in a bad way for buyers

Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new record low, according to realtor.com, after increasing in the second half of last year. Inventory gains began to slow this year from 6.4% growth in January to 5.8% in Febr


Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new record low, according to realtor.com, after increasing in the second half of last year. Inventory gains began to slow this year from 6.4% growth in January to 5.8% in Febr
The housing market is about to shift in a bad way for buyers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: diana olick
Keywords: news, cnbc, companies, housing, inventory, buyers, rates, low, months, market, competition, according, gains, price, record, bad, shift, hit, way


The housing market is about to shift in a bad way for buyers

Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less frequent and spring sales perked up a bit. Well, forget that. The heat is on yet again.

The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new record low, according to realtor.com, after increasing in the second half of last year.

The number of for-sale listings was up 2.8% annually in June, but that was down from May’s 2.9% gain. Inventory gains began to slow this year from 6.4% growth in January to 5.8% in February. Gains continued to slow throughout the spring and supply is now expected to flatten over the next three months and could hit its first decline in October of this year, according to realtor.com

“It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we’ve ever seen. If the trend we’re seeing continues, overall inventory could near record lows by early next year,” said Danielle Hale, chief economist for realtor.com. “So far there’s been a lackluster response to low mortgage rates, but if they do spark fresh buyer interest later in the year, U.S. inventory could set new record lows this winter.”

Part of the issue is that fewer owners are now listing their homes for sale, and there are several reasons why.

“It’s likely a combination of rate-lock, recently decreased consumer confidence and older generations choosing to age in place,” added Hale.

Mortgage rates are still pretty low, but so many homeowners refinanced their loans when rates were even lower that moving would mean paying more for the same mortgage, on top of paying more for a move-up home. Even those sellers who want to downsize would be moving into a pricier market.

Home price gains had been shrinking, but the gains increased again in June for the first time in 14 months, according to CoreLogic.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: diana olick
Keywords: news, cnbc, companies, housing, inventory, buyers, rates, low, months, market, competition, according, gains, price, record, bad, shift, hit, way


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Mondelez ends pursuit of Campbell’s Arnott’s biscuit brand

Mondelez’s efforts to buy Campbell Soup’s iconic Australian Arnott’s biscuit brand have ended, people familiar with the matter told CNBC. Mondelez had submitted a final offer for Campbell’s international snacking business, including Arnott’s, below Campbell’s roughly $3-billion price expectation. Mondelez, which owns brands like Oreos, Belvita and Chips Ahoy, has been looking to expand its snack portfolio as millenials eat on-the-go. A spokesperson for Campbell said the company does not comment


Mondelez’s efforts to buy Campbell Soup’s iconic Australian Arnott’s biscuit brand have ended, people familiar with the matter told CNBC. Mondelez had submitted a final offer for Campbell’s international snacking business, including Arnott’s, below Campbell’s roughly $3-billion price expectation. Mondelez, which owns brands like Oreos, Belvita and Chips Ahoy, has been looking to expand its snack portfolio as millenials eat on-the-go. A spokesperson for Campbell said the company does not comment
Mondelez ends pursuit of Campbell’s Arnott’s biscuit brand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: lauren hirsch
Keywords: news, cnbc, companies, mondelez, biscuit, earnings, brands, campbells, told, buyers, snacking, arnotts, company, pursuit, ends, brand


Mondelez ends pursuit of Campbell's Arnott's biscuit brand

Mondelez’s efforts to buy Campbell Soup’s iconic Australian Arnott’s biscuit brand have ended, people familiar with the matter told CNBC.

The two had been in a stalemate over price, CNBC previously reported. Mondelez had submitted a final offer for Campbell’s international snacking business, including Arnott’s, below Campbell’s roughly $3-billion price expectation. Within the past few weeks, those talks have formally ended, the people said.

Valuation was a key issue in the dispute, the people said. Mondelez, which owns brands like Oreos, Belvita and Chips Ahoy, has been looking to expand its snack portfolio as millenials eat on-the-go. It is approaching deals cautiously though.

“In the case of Arnott’s, it’s Australia, it’s biscuits, it’s quite (a) sizable business. It fits in that white space thinking … It’s probably a little bit higher than what we would originally start when we thought about acquisitions. But at the same time, we have very clear expectations in the term of returns and in term of leverage, and we want to stay very disciplined buyers,” Mondelez CEO Dirk Van de Put told analysts in April during the company’s first quarter earnings call.

The people who spoke with CNBC requested anonymity because the information is confidential. A spokesperson for Campbell said the company does not comment on rumor or speculation, while Mondelez declined to comment.

Other buyers for Campbell’s international snack brands, including private equity firm KKR, remain in the running, some of the people said. Those buyers would likely face fewer questions around antitrust than would Mondelez, which already has a snacking presence in Australia, some of the people who spoke with CNBC noted.

KKR did not immediately respond to a request for comment.

Campbell CEO Mark Clouse told analysts earlier Wednesday when delivering the company’s earnings that it is “evaluating multiple options with strategic and financial buyers” for the Arnott’s business.

The soup company on Wednesday raised its profit forecast for the year and delivered earnings that beat estimates, sending its shares up nearly 10%.

Campbell put Arnott’s and its fresh food brands up for sale last year, to help pay down debt left in the wake its $6.2-billion purchase of pretzel and chip company Snyder’s-Lance, in a push to build out its Pepperidge Farm snacking business.

Clouse said Wednesday the company is “making steady progress” on the integration of its U.S. snacks businesses, with organic sales in the unit growing by low to mid-single digits.


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: lauren hirsch
Keywords: news, cnbc, companies, mondelez, biscuit, earnings, brands, campbells, told, buyers, snacking, arnotts, company, pursuit, ends, brand


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Lowest mortgage rates in a year and a half don’t impress homebuyers

Mortgage rates are falling fast but not enough to offset high home prices. Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. Total refinance volume rose 6% from the previous week and was nearly 33% higher than a year ago, when interest rates were 52 basis points higher. The refinance share of mortgage activity increased to 42.2% of total applications from 39.7%


Mortgage rates are falling fast but not enough to offset high home prices. Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. Total refinance volume rose 6% from the previous week and was nearly 33% higher than a year ago, when interest rates were 52 basis points higher. The refinance share of mortgage activity increased to 42.2% of total applications from 39.7%
Lowest mortgage rates in a year and a half don’t impress homebuyers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: diana olick
Keywords: news, cnbc, companies, impress, homebuyers, higher, dont, previous, mortgage, half, week, high, refinance, lowest, rates, volume, loans, buyers


Lowest mortgage rates in a year and a half don't impress homebuyers

Mortgage rates are falling fast but not enough to offset high home prices. Buyers are still pulling back.

Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. The gains were driven by refinances.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.23% from 4.33% by the end of last week, with points decreasing to 0.33 from 0.42 (including the origination fee) for loans with a 20% down payment.

“Mortgage rates dropped to their lowest level since the first week of 2018, driven by increasing concerns regarding the ongoing trade tensions with China and Mexico,” said Mike Fratantoni, MBA senior vice president and chief economist. “Some borrowers, particularly those with larger loans, jumped on the opportunity to refinance, bringing the index and average refinance loan size to their highest levels since early April. Additionally, refinances for FHA and VA loans jumped by 11%.”

Total refinance volume rose 6% from the previous week and was nearly 33% higher than a year ago, when interest rates were 52 basis points higher. The refinance share of mortgage activity increased to 42.2% of total applications from 39.7% the previous week.

Refinances are highly rate-sensitive, and the drop in rates added about 2 million more borrowers to the pool of those who could benefit from a refinance, according to Black Knight, a mortgage software and analytics company.

Mortgage applications to purchase a home, however, fell 2% for the week and were barely 0.5% higher than a year ago. High prices continue to sideline buyers, especially first-time buyers, who are a growing segment of the market. Millennials are aging into their prime homebuying years, but they are saddled with debts, are likely paying high rents and are facing one of the least-affordable markets in decades.

“Coming out of the Memorial Day holiday, and likely impacted by the financial market volatility caused by the trade tensions, purchase application volume declined for the week. Potential homebuyers may be more cautious given the heightened economic uncertainty,” Fratantoni said.

Mortgage rates continued to fall sharply this week to the lowest level since August 2017. More economic data in the coming days, including the all-important monthly employment report Friday, could cause another strong move in either direction.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: diana olick
Keywords: news, cnbc, companies, impress, homebuyers, higher, dont, previous, mortgage, half, week, high, refinance, lowest, rates, volume, loans, buyers


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You can buy a home in this scenic town in Sicily, Italy for $1—but there’s a catch

Buying a home in Sicily, Italy, the largest island in the Mediterranean, could cost between $290,000 to $2.7 million, according to Realtor.com. But now you can buy a home in the town of Mussomeli in southern Sicily for 1 euro, or about $1.12. Renovations range between 100 to 700 euros per square meter ($111 to $782 per 10 square feet), according to Case 1 Euro. Euro website. In this case, Mussomeli is about a 40-minute drive from the Mediterranean Sea and 96 kilometers (about 60 miles) from the


Buying a home in Sicily, Italy, the largest island in the Mediterranean, could cost between $290,000 to $2.7 million, according to Realtor.com. But now you can buy a home in the town of Mussomeli in southern Sicily for 1 euro, or about $1.12. Renovations range between 100 to 700 euros per square meter ($111 to $782 per 10 square feet), according to Case 1 Euro. Euro website. In this case, Mussomeli is about a 40-minute drive from the Mediterranean Sea and 96 kilometers (about 60 miles) from the
You can buy a home in this scenic town in Sicily, Italy for $1—but there’s a catch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: jimmy im
Keywords: news, cnbc, companies, mussomeli, according, 1but, buyers, website, buy, case, italy, scenic, sicily, homes, euro, square, catch, town, theres


You can buy a home in this scenic town in Sicily, Italy for $1—but there's a catch

Buying a home in Sicily, Italy, the largest island in the Mediterranean, could cost between $290,000 to $2.7 million, according to Realtor.com. But now you can buy a home in the town of Mussomeli in southern Sicily for 1 euro, or about $1.12. Of course, there’s a catch: The homes are currently abandoned, so buyers have to agree to renovate the homes, which could cost six figures. “In the last 40 years people, especially young people, left the countryside to find work in bigger cities, and those small villages like Mussomeli became abandoned all over Italy,” Stefan Neuhaus, an expert in Italian real estate, tells CNBC Make It. “One of the ideas to revitalize these places is the $1 offer to attract international clients to buy, invest and spend their holidays there.” Mussomeli sits on a steep hillside with narrow streets and is known for Castello Manfredonico, a medieval castle, as well its old churches. As part of a not-for-profit project, there are about 100 homes for sale there for 1 euro each, with about 400 more to go on sale in the future, according to Case 1 Euro, a website that facilitates home transactions and is owned by the Municipality of Mussomeli.

As part of the deal, buyers must give a refundable security deposit of 5,000 euros ($5,585) and renovate their house within three years. Renovations range between 100 to 700 euros per square meter ($111 to $782 per 10 square feet), according to Case 1 Euro. Homes available on the website range from 11 to 190 square meters (or 118 to 2,045 square feet). So a 190-square-meter home, could cost as much as 133,000 euro or roughly $148,600 to renovate. Buyers must also prepare a project for the renovation and recovery of the property within one year from the date of purchase and start work within two months from the date of issue of the building permit. If they fail to do so, the municipality has the right to forfeit the policy. There will also be other business related expenses and annual taxes, which can range from 2,500 to 4,000 euro ($2,793 to $4,469), according to Case 1 Euro. Potential buyers can check out an interactive map with detailed information on available homes in English on the website. Many of the homes are in “good shape,” according to CNN.

London-based production company Double Act is also looking for people who buy a 1-euro home to participate in a TV show documenting the process, according to the Case ! Euro website. “If you think you have what it takes to bring one of these houses back to life, a new primetime TV series wants to hear from you,” the call to action reads. “Whether you’re a seasoned developer looking for a new investment or a restoration novice in the market for a holiday home, we want to follow your story as you follow your dream.” Mussomeli isn’t the first town to offer homes for around a dollar. In 2018, abandoned homes in Ollolai, Italy, a mountain region, were selling for a euro, and the town of Sambuca in Sicily was selling homes for about a $1 earlier this year. There are also $1 homes in the rural village of Zungoli in the Campania region near Naples. “There is a lot of hope from the local mayors to bring back life in those places with an offer like this,” says Neuhaus, who is CEO of Tuscan luxury real estate firm Marina di Scarlino. The mayor of the respective region drives each project. However, cautions Neuhaus, “from a customer point of view, you have to look at many points: infrastructure, nearest airports, amenities like restaurants and activities. In several of these places, you aren’t able to find basic offerings. There is a lot of romanticized emotion from international customers who invest and hope the best will come.” In this case, Mussomeli is about a 40-minute drive from the Mediterranean Sea and 96 kilometers (about 60 miles) from the nearest airport, Palermo Airport in capital city Palermo.

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Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: jimmy im
Keywords: news, cnbc, companies, mussomeli, according, 1but, buyers, website, buy, case, italy, scenic, sicily, homes, euro, square, catch, town, theres


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Take a look at the most expensive SUV in the world: the $1.9 million Karlmann King

Reclining alligator skin back seats on the Karlmann King at the 2019 New York Auto Show. The exterior door hatch on the Karlmann King at the 2019 New York Auto Show. View of the interior dash on the Karlmann King at the 2019 New York Auto Show. Enjoy coffee and champagne while riding in the Karlmann King at the 2019 New York Auto Show. The Karlmann King at the 2019 New York Auto Show.


Reclining alligator skin back seats on the Karlmann King at the 2019 New York Auto Show. The exterior door hatch on the Karlmann King at the 2019 New York Auto Show. View of the interior dash on the Karlmann King at the 2019 New York Auto Show. Enjoy coffee and champagne while riding in the Karlmann King at the 2019 New York Auto Show. The Karlmann King at the 2019 New York Auto Show.
Take a look at the most expensive SUV in the world: the $1.9 million Karlmann King Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: mack hogan
Keywords: news, cnbc, companies, king, look, jeffery, buyers, adam, karlmann, price, nothdurft, york, suv, world, million, 2019, expensive, auto, 19


Take a look at the most expensive SUV in the world: the $1.9 million Karlmann King

If you’re looking to spend $1.9 million on a new vehicle, an Italian armored car based on a Ford F-550 chassis is probably not on your radar. Karlmann is trying to change that.

Reclining alligator skin back seats on the Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

The company operates from Los Angeles, has a factory in Italy and is largely financed by Beijing-based International Automotive Technologies. Its first product, the Karlmann King, is a massive rolling lounge complete with recliners, a coffee maker, champagne flutes, a massive TV and a price tag that makes it the world’s most expensive SUV.

The exterior door hatch on the Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

Karlmann King to debut at the New York Auto Show. Source: Karlmann King

On top of the stratospheric starting price, buyers can customize the King to their liking. Alligator-skin seats, real gold trim and specialty upholstery are all available for a price. Michael Nothdurft, Karlman’s sales director, says a client in Africa ordered a Karlman King with a $3.5 million price tag.

View of the interior dash on the Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

One big part of that additional cost: bulletproofing. Most King buyers opt for the bullet-resistant option, which adds at least $300,000 to the price depending on the level of protection clients want.

Enjoy coffee and champagne while riding in the Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

The buyers of these bulletproof monster trucks range from clients in dangerous parts of the Middle East and Africa to real estate moguls and high-dollar watch traders in the United States. But for less security-conscious shoppers, Nothdurft stresses that the King is supposed to be a rolling work of art.

Reclining in the Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

It’s undeniably different than anything else you’ll see on U.S. roads. It has extremely angular styling and is absolutely massive. “This car is the most emotional car that you can see at auto shows,” Nothdurft told CNBC. “People either hate it or they love it.”

The backseat control panel on the Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

The King is based on a Ford F-550 chassis. The F-550 a massive truck frame that Nothdurft says was chosen for its proven durability and ability to handle the weight of an armored luxury vehicle. The King maintains the 6.8-liter V-10, suspension components and transmission of the F-550 and is therefore limited to 87 mph. The interior, however, is bespoke.

The Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC

Karlman is looking to get a U.S. manufacturing line built in the next few months, but for now, the King is hand-built in Italy. For U.S. market cars, armoring takes place in the States. The company currently has 20 buyers lined up in North America, Nothdurft said. Buyers who order a King today should expect delivery in nine to 15 months.

The Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: mack hogan
Keywords: news, cnbc, companies, king, look, jeffery, buyers, adam, karlmann, price, nothdurft, york, suv, world, million, 2019, expensive, auto, 19


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Indigo Ag 2019 Disruptor 50

This Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. The aim is to use natural microbiology and tech to improve sustainability, profits for growers and, of course, consumer health. Currently, the company’s seed treatments are used for five major row crops — corn, wheat, soybeans, rice and cotton. Read More: FULL LIST: 2019 DISRUPTOR 50In September, Indigo Ag introduced the Indigo Marketplace, a digital


This Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. The aim is to use natural microbiology and tech to improve sustainability, profits for growers and, of course, consumer health. Currently, the company’s seed treatments are used for five major row crops — corn, wheat, soybeans, rice and cotton. Read More: FULL LIST: 2019 DISRUPTOR 50In September, Indigo Ag introduced the Indigo Marketplace, a digital
Indigo Ag 2019 Disruptor 50 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, used, seed, 2019, buyers, yield, indigo, 50, growers, transportation, wheat, ag, treatments, health


Indigo Ag 2019 Disruptor 50

This Boston-based agricultural technology start-up is creating seed treatments that optimize the health of a plant in order to increase its yield. The aim is to use natural microbiology and tech to improve sustainability, profits for growers and, of course, consumer health. Currently, the company’s seed treatments are used for five major row crops — corn, wheat, soybeans, rice and cotton.

Read More: FULL LIST: 2019 DISRUPTOR 50

In September, Indigo Ag introduced the Indigo Marketplace, a digital platform that allows growers and buyers to electronically connect with each other. Buyers are able to more easily source the kinds of grain they want, and growers can make more money by having access to a larger market. Indigo handles the grain-quality testing, transportation and payments between growers and buyers.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, used, seed, 2019, buyers, yield, indigo, 50, growers, transportation, wheat, ag, treatments, health


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Weekly mortgage applications drop 4.3%, despite lower interest rates

It may be the heart of the spring housing season, but the mortgage market isn’t seeing big business. Mortgage application volume fell 4.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Mortgage applications to purchase a home fell 4% for the week and were barely 1% higher from a year ago. That sales surge may have been due to a sharp drop in mortgage rates. Mortgage rates started this week slightly higher, but there is big economic d


It may be the heart of the spring housing season, but the mortgage market isn’t seeing big business. Mortgage application volume fell 4.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Mortgage applications to purchase a home fell 4% for the week and were barely 1% higher from a year ago. That sales surge may have been due to a sharp drop in mortgage rates. Mortgage rates started this week slightly higher, but there is big economic d
Weekly mortgage applications drop 4.3%, despite lower interest rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: diana olick
Keywords: news, cnbc, companies, homes, sales, buyers, week, interest, lower, 43, rates, higher, supply, volume, applications, despite, mortgage, drop, market, weekly


Weekly mortgage applications drop 4.3%, despite lower interest rates

It may be the heart of the spring housing season, but the mortgage market isn’t seeing big business.

Mortgage application volume fell 4.3% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 4.5% higher annually, thanks to stronger refinance activity.

While applications to refinance a home loan were 5% percent lower for the week, they were still 11% higher than a year ago, because interest rates were 38 basis points higher then. Refinance volume overall, however, is still much lower than normal because so many homeowners refinanced to the historically low rates that followed the last housing crash.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.42% from 4.46%, with points increasing to 0.46 from 0.44 (including the origination fee) for loans with a 20% down payment.

“Mortgage rates were lower last week, as concerns over global growth, particularly in Germany, outweighed more positive domestic news on first quarter GDP growth and business investment,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Lower rates didn’t get more buyers off the fence, either. Mortgage applications to purchase a home fell 4% for the week and were barely 1% higher from a year ago. Purchase volume has been weakening this month, despite brighter signs in the overall housing market. There is more supply of homes for sale, and overheated home prices are finally beginning to chill.

Home sales are sending mixed signals right now. Sales started the year weaker, but pending home sales in March jumped more than expected. Pending sales are based on signed contracts. Sales of newly built homes, also measured in contracts, jumped in March as well. That sales surge may have been due to a sharp drop in mortgage rates. Rates have since edged higher, but not by much.

The fact that today’s buyers are so sensitive to the latest mortgage rate swings shows just how much they are struggling to afford homes at all, especially first-time buyers. Supply is leanest on the low end of the market, and that is where the bulk of buyers are. Even as some higher-end homes sit on the market longer, it is still not uncommon in many metropolitan markets to see heavy competition for lower-priced homes. Most of the stagnation in sales is on the highest end of the market, where supply is plentiful.

Mortgage rates started this week slightly higher, but there is big economic data ahead that could swing rates in either direction. The Federal Reserve will make a policy announcement Wednesday afternoon, and the monthly employment report is set to be released on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: diana olick
Keywords: news, cnbc, companies, homes, sales, buyers, week, interest, lower, 43, rates, higher, supply, volume, applications, despite, mortgage, drop, market, weekly


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The 10 best cities for first-time home buyers

When buying your first home, you want to choose a place you love — and also one you can afford. To determine the best cities for first-time buyers, personal finance site SmartAsset evaluated U.S. cities with populations of 300,000 or more across seven metrics: value per square foot, number of mortgage lenders, loan funding rate, market volatility, home price fluctuations, housing affordability and homeowner stability. The site used data from a number of sources, including the Department of Housi


When buying your first home, you want to choose a place you love — and also one you can afford. To determine the best cities for first-time buyers, personal finance site SmartAsset evaluated U.S. cities with populations of 300,000 or more across seven metrics: value per square foot, number of mortgage lenders, loan funding rate, market volatility, home price fluctuations, housing affordability and homeowner stability. The site used data from a number of sources, including the Department of Housi
The 10 best cities for first-time home buyers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: emmie martin
Keywords: news, cnbc, companies, buyers, firsttime, best, lenders, finance, zillow, cities, site, number, mortgage, housing


The 10 best cities for first-time home buyers

When buying your first home, you want to choose a place you love — and also one you can afford.

To determine the best cities for first-time buyers, personal finance site SmartAsset evaluated U.S. cities with populations of 300,000 or more across seven metrics: value per square foot, number of mortgage lenders, loan funding rate, market volatility, home price fluctuations, housing affordability and homeowner stability.

The site used data from a number of sources, including the Department of Housing and Urban Development, Zillow, the Mortgage Bankers Association, the U.S. Census Bureau and the Federal Housing Finance Agency.

Below, check out 10 cities where first-time buyers can find a combination of affordable homes, numerous mortgage lenders and thriving real estate markets.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: emmie martin
Keywords: news, cnbc, companies, buyers, firsttime, best, lenders, finance, zillow, cities, site, number, mortgage, housing


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