Real Estate News

Below are the latest real estate news headlines for buyers and sellers.

Real Estate

Sources: WeWork would have run out of money by next Friday without SoftBank deal

Without the SoftBank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC's David Faber. Read Article

Wed, 23 Oct 2019 06:39:00 PDT

Without deal, WeWork would have been out of money next week, sources say

WeWork announced Tuesday that SoftBank will provide $5 billion in new financing and up to $3 billion in a tender offer for existing shareholders. Read Article

Wed, 23 Oct 2019 06:09:00 PDT

If anyone can figure out WeWork's value, it's SoftBank: Pro

SoftBank recently announced it will take control of WeWork in a move expected to value the company at about $8 billion, according to the Wall Street Journal. But WeWork wasn't SoftBank's Masa Son's first risky investment. Uber, Slack, DoorDash are all among the venture capital titan's ventures. So, has WeWork tarnished Masa's reputation? Robert Safian, founder of The Flux Group and former editor-in-chief of Fast Company, joins CNBC's "Squawk Box" team to discuss. Read Article

Wed, 23 Oct 2019 05:34:00 PDT

Weekly mortgage applications tank 12% as interest rates jump

Last week's climb in interest rates caused a drop in mortgage applications by 11.9%, according to the Mortgage Bankers Association. Read Article

Wed, 23 Oct 2019 04:00:00 PDT

Hong Kong's leaders need to do 'something radical': Economist

Beijing will embrace "symbolic change" in Hong Kong, but that won't help much, says Andy Xie, an independent economist. He also says Hong Kong authorities need to adopt a more progressive tax structure, including changes to taxes for property and high-income individuals. Read Article

Wed, 23 Oct 2019 00:13:00 PDT

Here's what SoftBank's long-term WeWork strategy may be

WeWork CEO and founder Adam Neumann is leaving the company, but doing so with $1.7 billion from WeWork. Peter Eavis from The New York Times and CNBC's Robert Frank discuss the eyebrow-raising exit package. Read Article

Tue, 22 Oct 2019 11:54:00 PDT

Home prices are overheating again, causing buyers to turn away

September sales of existing homes fell short of expectations. The downturn followed two months of gains. The problem is low supply and high prices. Read Article

Tue, 22 Oct 2019 08:35:00 PDT

Existing home sales miss expectations in September, down 2.2%

CNBC's Diana Olick reports on new existing home sales data for the month of September. The street was expecting sales to be down 0.7 percent, but sales dropped 2.2 percent. Read Article

Tue, 22 Oct 2019 08:15:00 PDT

Most stunning part of Softbank's WeWork deal is Neumann's payout: WSJ reporter

Former WeWork CEO Adam Neumann will reportedly get $1.7 billion in stock, cash and credit to walk away from the company and give up his voting rights. Maureen Farrell, a reporter with the Wall Street Journal, joins CNBC's "Squawk Box" team to break down the latest news in the developing story. Read Article

Tue, 22 Oct 2019 06:31:00 PDT

Report: Softbank to take control of WeWork, Neumann to get $185 million consulting fee

Former WeWork CEO Adam Neumann will reportedly get $1.7 billion in stock, cash and credit to walk away from the company and give up his voting rights. Read Article

Tue, 22 Oct 2019 05:35:00 PDT