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March 2, 2021

Real Estate

Kohl’s says it has no plans to sell more real estate and lease it back. Here’s why

CNBC
CNBC – For more and to sign up click here A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s said Tuesday that it isn’t planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company......

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

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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......

As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail

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CNBC – For more and to sign up click here Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few......

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......

Gap to invest $140 million to build Texas warehouse as online sales swell

CNBC Real Estate
A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap said Wednesday it will invest $140 million to construct a distribution center in Longview, Texas, as part of its effort to double its online business over the......

High Country Real Estate Agents Promote Homes To MORE Buyers For MORE Money

@BreaknNews
As the real estate market continues to change, these local agents have mastered the art of “Target Marketing” to expose their properties to the most opportune buyers, thus selling them for more money. BOONE, N.C. – Feb. 24, 2021 – — If you’ve followed the High Country real estate market, you’ve......

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

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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......

New York Attorney General Letitia James says Trump Supreme Court ruling won’t affect her tax probe

CNBC Real Estate
New York Attorney General Letitia James said Monday that her office is continuing to actively investigate the Trump Organization’s alleged inflation and deflation of property values to evade tax liability in the state and receive other financial benefits. James also said that the U.S. Supreme Court’s decision to allow the......

More Americans are looking to move as remote work gains acceptance during Covid pandemic

CNBC Real Estate
adamkaz | E+ | Getty Images More Americans are planning to move this year due to the flexible work from home lifestyle that the Covid-19 pandemic has ushered in, market researcher The NPD Group said in a recent blog post. Nearly 20% of people in the country are working from......

Kohl’s shares soar as activist investor group looks to add 9 directors to board

CNBC
CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it......

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

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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.......

Dropbox slips to a loss after taking $400 million real estate hit due to remote work

CNBC Real Estate
Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC Dropbox on Thursday reported a $398.2 million one-time charge in the fourth quarter to reflect the company’s shift to remote work. As the coronavirus emerged in the U.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......

Homebuilder confidence improves, despite record high lumber prices

CNBC
CNBC – For more and to sign up click here A contractor works on the basement of a home under construction in the Toll Brothers Regency at Palisades community in Charlotte, North Carolina. Luke Sharrett | Bloomberg | Getty Images Buyer demand for newly built homes continues to surge, and......

Mortgage demand falls further as rates rise at the fastest pace in months

CNBC Real Estate
A real estate agent exits a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Another week of rising rates spurred homeowners and buyers to pull back from the mortgage market, and the trend is not expected to turn any time soon. Total mortgage application volume......

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