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March 5, 2021

Housing

The spring housing market just lost more than 200,000 new listings

CNBC Real Estate
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images The spring housing market is shaping up to be the leanest and most competitive ever. A sharp drop in new listings partly due to severe weather,......

More than $45 billion in rental assistance could soon be available. Here’s how to apply

CNBC Real Estate
tupungato | iStock | Getty Images Between the federal stimulus package passed in December and the one making its way through Congress, there could soon be more than $45 billion in financial assistance available to those who’ve fallen behind on their rent. All states have already been allocated funds from......

Oregon housing advocates, state lawmakers revisit no-cause evictions ban

WashingtonExaminer
USA TODAY – For more and to sign up click here Thousands of Oregonian renters could be at risk of finding eviction notices on their doors by this summer. A February report by Portland State University’s Homeless Research & Action Collaborative estimates up to 89,000 Oregon households could be at......

Mortgage application demand stalls as interest rates surge to highest level since July

CNBC
CNBC – For more and to sign up click here Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage interest rates last week rose at the fastest pace in......

Real estate title firm Doma, backed by Lennar, to go public in deal with SPAC

CNBC Real Estate
Rows of houses in Las Vegas. Jacob Kepler | Bloomberg | Getty Images Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company. Doma, formerly known as States Title, has a......

Creating safe and affordable homes is reaching a crisis point

CNBC Real Estate
Existing home sales last year reached their highest levels since 2006. However, increasing numbers of climate disasters across the country have sparked concern about how safe homes are. Potential buyers rarely wonder “what the flood plain is here, or do they look around and see this beautiful forest and say,......

Real estate brokerage Compass files for IPO amid pandemic boom in housing prices

CNBC
CNBC – For more and to sign up click here Robert Reffkin, CEO of Compass, speaks on stage on November 06, 2019 in New York City. Brad Barket | Getty Images Compass, a real estate brokerage firm with more than 19,000 agents across the country, filed to go public on......

‘This bond market is so radically oversold,’ economist David Rosenberg says

CNBC
CNBC – For more and to sign up click here Economist David Rosenberg says he made a career by not following the herd, and his bond forecast could be considered the latest example. According to the Rosenberg Research president, this year’s rate yield shock surrounding the benchmark 10-year Treasury Note......

Biden administration scrambles to expand housing space for migrant children amid sharp increase in border apprehensions

CBS News
CBS News – For more and to sign up click here The Biden administration on Saturday moved to expand the government’s capacity to house migrant children as it scrambles to respond to a sharp increase in border crossings of unaccompanied minors, according to an internal memo obtained by CBS News.......

Texas judge finds national eviction ban unconstitutional

CNBC
CNBC – For more and to sign up click here Nurses display a ‘Stay Home’ sign on their vehicle during a car caravan of nurses calling for people to remain home amid a surge of COVID-19 cases in El Paso on November 16, 2020 in El Paso, Texas. Mario Tama......

You can now buy a 3D-printed home – here’s a look inside

CNBC Real Estate
CALVERTON, N.Y. – The homebuilding industry is on the edge of a revolution. At least that’s the way Kirk Andersen sees it. He just used 3D-printing technology to build a 900-square-foot model home on Long Island. He is about to build another one, too – the first 3D-printed home in......

Biden administration may undo certain Trump-era mortgage rules

CNBC Real Estate
Kathy Kraninger, former president Donald Trump’s appointee to head the Consumer Financial Protection Bureau. Andrew Harrer/Bloomberg via Getty Images “Big deal” Both are a type of qualified mortgage, a category that carries legal protections for lenders from consumer lawsuits. That may happen, for example, if borrowers can’t make monthly payments......

Weekly mortgage application volume drops 11% as rates spike and Texas power outages hurt demand

CNBC
CNBC – For more and to sign up click here An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Higher mortgage rates and a winter weather disaster combined to weaken mortgage demand last week.......

December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says

CNBC Real Estate
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020. In fact, they......

Ready to book your summer rental on Nantucket? You’re too late

CNBC Real Estate
Nantucket, Massachusetts, an historic summer vacation destination, became a year-round refuge last year, thanks to the coronavirus pandemic. The run on real estate on the tiny, toney island is now causing a shortage of both homes for sale and rentals, and prices for both are going through the roof. The......

Existing home sales rise slightly in January, but record low supply weighs on market

CNBC
CNBC – For more and to sign up click here A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.......

Confronting the history of housing discrimination: “It’s just a remarkable record of exclusion”

CBS News
CBS News – For more and to sign up click here “CBS This Morning” co-host Tony Dokoupil’s grandfather became a homeowner in 1953, moving his wife and three children out of a tiny apartment in Manhattan and into a new house in Lyndhurst, New Jersey. It was one of America’s......

Lumber prices top $1,000 for the first time as single-family housing starts drop 12%

CNBC Real Estate
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as......

Dubai’s property market will remain weak for the next two years, says UAE developer Damac

CNBC Real Estate
The real estate market in Dubai is likely to remain subdued for the next two years as the city recovers from the Covid crisis, according to a major Emirati property developer. “I see, still, a soft market for [2021 and 2022],” said Hussain Sajwani, chairman of Damac Properties. That means there will......

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