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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Why the RBNZ decided to hold rates steady in November
After a 50 basis point rate cut in August, New Zealand's central bank stayed on hold in November because it felt it had been quite decisive and "got ahead of the game," says Christian Hawkesby, assistant governor of the Reserve Bank of New Zealand. Read Article
Hong Kong has 'crossed the Rubicon': Standard Chartered
It's unlikely for Hong Kong to go back to "normal," but from a business point of view, it's unlikely that the unrest in Hong Kong will undermine the long-term future for the city as an offshore business center for China, says Clive McDonnell of Standard Chartered Private Bank. He also says he's "comfortable" with buying good-quality Hong Kong stocks on weakness. Read Article
Home sharing is a growing trend in China: Booking.com
Gillian Tans of Booking.com says growing home-sharing listings is a "huge focus" for the company. She also weighs in on how the firm competes with local platforms such as Tujia. Read Article
Homebuilder confidence slips slightly in November
The nation's single-family homebuilders are feeling very positive about their business, but a monthly sentiment indicator fell in November from a recent high. Read Article
Read the full email from WeWork's chairman to employees announcing layoffs
WeWork could lay off as many as 6,000 employees as part of painful cost-cutting measures to turn its business, the New York Times reported. Read Article
The public market showed discipline with WeWork, says Roger McNamee
Henry Blodget of Business Insider and Roger McNamee of Elevation Partners join "Squawk Alley" to discuss the mounting struggles at WeWork as the company reports its losses have doubled. Read Article
Sanders and Ocasio-Cortez unveil $180 billion 'Green New Deal' for public housing
The bill is the latest effort by the Democrats to bring Green New Deal policies into housing policy. It would retrofit 1 million units of federally owned housing. Read Article
Facebook is moving into more than 1.5 million square feet of office space in New York's Hudson Yards
Facebook plans to start moving into the new offices in 2020. Read Article
WeWork tells investors it lost $1.25 billion in the third quarter
Losses were up more than 150% from last year as the company added a record number of desks. Read Article
Bidding wars for homes hit a decade low
Competition in the fall housing market is falling. Just 10% of offers written by Redfin agents for their clients in October faced a bidding war, down from 39% a year ago, according to the Seattle-based real estate brokerage. Read Article
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