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June 12, 2021

Real Estate

This researcher is trying to flip the script about student loan forgiveness

CNBC Real Estate
Charlie Eaton Courtesy: Charlie Eaton The odds of student loan forgiveness happening have never been greater, experts say. Yet a number of large obstacles stand in the way, some practical and others ideological. Does the president have the authority to cancel the debt? Officials at the U.S. Department of Education......

Redfin CEO says the housing market has cooled off slightly — and that’s a positive

CNBC Real Estate
The CEO of real estate brokerage Redfin told CNBC on Friday there’s been a much-needed cooling in the booming housing market recently. “For the past couple of weeks, housing has been hot instead of blazing hot, and it’s actually probably good for the market. We’ve been running too hot for......

A third of Americans found errors on their credit reports. Here’s how to fix those mistakes

CNBC Real Estate
kate_sept2004 | E+ | Getty Images Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you. It’s not as uncommon as you may think. More than one-third, or 34%, of Americans found at least one error on their......

A massive wave of evictions could be coming. Who’s at risk?

CNBC Real Estate
People and students from Worker’s Circle of Boston and members of City Life Vida Urbana protest to rally support behind house bill HD3030, which seeks to stop evictions during the ongoing coronavirus pandemic, at the Massachusetts State House in Boston on March 14, 2021. Jim Davis | Boston Globe |......

Homeowners got $2 trillion richer during the first three months of the year

CNBC Real Estate
Helen H. Richardson | Denver Post | Getty Images Homeowners are getting richer and richer as prices keep soaring – and the numbers are staggering. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according......

Here are tips on whether you should eliminate that mortgage in retirement

CNBC Real Estate
When it comes to whether retirees should pay off their mortgage in retirement, there typically is no clear-cut answer. That’s because like most things about planning for (and in) your post-working years, the decision depends on your specific situation. Obviously, a couple of benefits come with paying off a mortgage:......

After a dramatic seven-year renovation, an $87 million mansion hits the market in Bel-Air

CNBC Real Estate
A view of the driveway leading to the residence at 777 Sarbonne Road in Bel-Air, California. Joe Bryant / Aaron Kirman Group Seven is a magical number for one of Bel-Air’s priciest spec homes. The glass and marble palace located at 777 Sarbonne Road in Los Angeles hit the market......

This new community will have 21,000 homes – and net zero carbon emissions, developer says

CNBC Real Estate
A new housing model is rising from the dirt in Valencia, California, and potentially raising the bar for real estate developers hoping to reduce their carbon footprints. More than 21,000 homes are going up in a brand-new community that, its developer says, will be the largest net-zero community in the......

Mortgage rates drop, but not enough for priced-out homebuyers

CNBC Real Estate
A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The......

Lumber executive sees further relief in sky-high prices, says delaying building projects makes sense

CNBC Real Estate
Lumber industry veteran Kyle Little told CNBC on Tuesday that it’s a sensible decision to hold off on beginning discretionary building projects due to high wood costs. “The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years. That being......

Salesforce CEO Marc Benioff expects more than half of employees to work from home after the pandemic: ‘The past is gone’

CNBC
CNBC – For more and to sign up click here Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce CEO Marc Benioff said on......

Rare activist investor showdown in the Gulf sees Dubai’s Emirates REIT cancel debt restructuring plan

CNBC Real Estate
A major Dubai property investment fund is in the spotlight after its lenders blocked a debt restructuring plan and raised “serious concerns” about its transparency and governance.  Dubai-based Emirates REIT was forced to withdraw a restructuring proposal for its $400 million dollar Islamic bond after a rare campaign of investor......

This SF couple moved from a studio to a $3,850-per-month luxury 1-bedroom: Why they decided to ‘splurge’

CNBC
CNBC – For more and to sign up click here Rachel Kam, a program manager at a major tech company, started working remotely during the pandemic last year out of her small studio apartment in San Francisco alongside her husband, a scientist at a biotech firm. By the fall, when......

The best ways to tap your house for cash

CNBC
CNBC – For more and to sign up click here Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity......

This renter got more than $5,000 in assistance. Here’s what you need to know about applying

CNBC Real Estate
teekid | E+ | Getty Images After Janell Ivy lost her job at a daycare center because of the pandemic, she fell behind on her $890 rent. The single mother feared that she and her four children, all under the age of 7, would be evicted from their apartment in......

More than 14% of renters are still behind as national eviction ban comes to an end

CNBC Real Estate
Siraj Ahmad | iStock | Getty Images More than 10 million Americans, or 14% of U.S. renters, say they aren’t caught up with their housing payments, meaning many could be at risk when the national moratorium on evictions expires in under a month. That finding comes from data collected by......

The national eviction ban expires this month. But renters still have protections in these states

CNBC Real Estate
Newark, New Jersey. Sean Pavone | iStock | Getty Images Since September, most renters across the country have been protected from eviction, thanks to an unprecedented moratorium on the proceedings ordered by the Centers for Disease Control and Prevention. Now that ban will expire in less than a month, and......

How to avoid overspending in this hot housing market

CNBC Real Estate
monkeybusinessimages | iStock | Getty Images In this hot housing market, it can be easy to blow your budget. That’s why you have to have a clear plan in place before you start looking for your next home, experts say. “If you don’t go in with a clear budget in......

Why it may be hard to close the racial wealth gap without forgiving student debt

CNBC Real Estate
Maskot | Maskot | Getty Images President Joe Biden laid out a plan this week to narrow the racial wealth gap in the U.S. Many were disappointed not to see any mention of student loan forgiveness in that agenda. The president’s initiatives, announced 100 years after the Tulsa Race Massacre,......

Housing boom may be cooling as weekly mortgage demand drops again

CNBC Real Estate
A real estate agent with an ‘Open House’ sign in the front yard of a home for sale. Ty Wright | Bloomberg | Getty Images High prices and low supply are finally taking some of the heat out of the housing market. Even with interest rates falling slightly, mortgage application......

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