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Office Real Estate Looks Dicey With REITs Plunging to a 2009 Low

(Bloomberg) — Office real estate investments trusts are trading at their lowest level since 2009 as the trend toward remote work leaves desks empty and economic pressures tighten corporate budgets. The S&P Composite 1500 Office REITs index is down 27% in 2023, plunging to its worst reading since July 22, 2009. Office landlords memorably just …

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‘A real estate bottom?’ More homebuyers jump back in as the year kicks off

Real estate agents confirm what housing data is starting to show: More homebuyers are emerging from their self-imposed hibernation. The volume of mortgage applications for home purchases rose 25% week over week, the Mortgage Bankers Association (MBA) survey for the week ending Jan. 13 finds. Housing sentiment ticked higher at the end of last year, …

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Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes Move sale

By Dawn Chmielewski, Greg Roumeliotis, Anirban Sen and Helen Coster (Reuters) -Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp and Fox Corp as the company is also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according to a regulatory filing and familiar sources with the process. …

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