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Property News

Location American Property News for 9 January 2019

KB Home beats earnings estimates

CNBC - 9 Jan 2019 23:20
CNBC's Diana Olick reports on earnings and stock movements from KB Home.
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After a tough fourth quarter, Lennar's chairman, Stuart Miller, said December's interest rate drop spurred a surge in customer traffic through its model homes. That could bode well for the broader market in new homes.
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The stalemate in Washington, one of the longest in history, is throwing a wrench into some people's plans to buy houses, according to real estate experts.
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Homebuyers returning to the market after the holidays may have been inspired by the drop in rates, but stock market volatility and the government shutdown could keep some of those mortgage applications from closing.
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Stuart Crow of JLL says investors have been looking to increase their allocations to property, especially in the Asia-Pacific region, because of liquidity in the global real estate market.
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The most important things for the Chinese economy in 2019 are the property market and government policy, says Larry Hu of Macquarie.
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