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August 10, 2020

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CNBC - Real Estate

Trump’s order does little to stop impending eviction crisis, experts say

CNBC Real Estate
by CNBC Real Estate08
A banner against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC on August 9, 2020. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images) ERIC BARADAT | AFP | Getty Images The executive action President Donald Trump......
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CNBC - Real Estate

Consumers are less confident about housing, but searches for these topics are soaring

CNBC Real Estate
by CNBC Real Estate03
SDI Productions | iStock | Getty Images  After plunging in April, consumer sentiment in housing began a promising recovery. Home sales surged and beat expectations, homebuilders reported buyer traffic was, well, through the roof, and online housing-related searches soared. Consumer confidence in housing now appears to be weakening, but consumer......
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CNBC - Real Estate

Dubai’s real estate activity is ‘impressive’ despite the virus, property developer says following fall in sales

CNBC Real Estate
by CNBC Real Estate010
Despite the global pandemic, Dubai has seen “impressive levels” of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week. Aqil Kazim of Nakheel’s comments come even as real estate transactions in the second quarter of 2020 plummeted......
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CNBC - Real Estate

Second $1,200 stimulus checks could be coming. For many, that won’t cover the rent

CNBC Real Estate
by CNBC Real Estate010
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CNBC Business

Housing market skirts coronavirus crisis as sellers use 3D virtual tours to find eager buyers

CNBC
by CNBC01
CNBC – For more and to sign up click here Housing market skirts crisis with help of Zillow, Matterport 3D tours SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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CNBC - Real Estate

Zillow CEO: Real estate market is beginning ‘great reshuffling’ as people seek more space at home

CNBC Real Estate
by CNBC Real Estate016
Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images The U.S. real estate market is beginning to show signs of a “great reshuffling,” as people relocate to homes with more privacy and space to ease working from home, Zillow CEO Rich Barton said......
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CNBC - Real Estate

Pandemic home remodeling is booming: Here’s what your neighbors are doing

CNBC Real Estate
by CNBC Real Estate018
A pool under construction in Washington, DC. Pat Pugliese | CNBC There is a lot of activity in Justin Sullivan’s backyard, as workers hammer out his new deck, and jackhammers pound through the basement. Concrete for the new pool has already been poured. The Sullivans had planned a renovation before......
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CNBC - Real Estate

Dan Gilbert says acquisitions may be ahead for Rocket Companies as it debuts on NYSE

CNBC Real Estate
by CNBC Real Estate013
Ahead of his firm’s NYSE debut Thursday, Dan Gilbert told CNBC that Rocket Companies may make acquisitions to further leverage its mortgage-lending technology.  “We want to use our stock as currency and potentially acquire more fintech organizations and put them in the mold,” said Gilbert, chairman of Rocket Companies, which he......
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CNBC - Real Estate

Mortgage rates hit another record low, but homes are still less affordable

CNBC Real Estate
by CNBC Real Estate08
A for sale sign is seen next to a house in Arlington, Virginia on May 6, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell to another record low this week, the eighth record set this year. But home affordability is weakening as the housing shortage, high demand......
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CNBC - Real Estate

Mortgage rates set another record low, but borrowers take a step back

CNBC Real Estate
by CNBC Real Estate09
A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Record low mortgage rates are clearly not as impressive as they used to be. Even with another new low set last week, mortgage......
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CNBC Business

Home prices see strong June bounce, but economists warn it likely won’t last

CNBC
by CNBC012
CNBC – For more and to sign up click here The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is......
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CNBC - Real Estate

UK reveals more details of its billion-dollar plan for greener homes

CNBC Real Estate
by CNBC Real Estate015
Houses on Kelly Street in Kentish Town, London. Yui Mok | PA Images | Getty Images The U.K. government has released details of how tradespeople can get involved in its £2 billion ($2.60 billion) “green homes grant” initiative. Announced in July, the scheme will enable landlords and homeowners in England......
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Politico.com

Biden calls on Congress to pass emergency housing package

Politico
by Politico027
Politico.com – For more and to sign up click here Biden’s statement comes as a high proportion of rent and mortgage payments are due Saturday, the start of a new month. Adding to the financial pressure facing millions of Americans, a federal $600-weekly unemployment benefit from the March CARES Act......
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