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March 31, 2020

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CNBC - Real Estate

Before coronavirus: January home price gains were strong: S&P Case-Shiller

CNBC Real Estate
by CNBC Real Estate01
An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home prices were seeing even bigger gains in January than all of last year, but that was before the coronavirus hit the U.S., shutting down......
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CNBC Business

Coronavirus shakes markets, but investors are putting money into China

CNBC
by CNBC02
CNBC – For more and to sign up click here As world markets, especially U.S. markets, tremble on surging cases of the coronavirus, there’s one market seeing investors return: China. The infection rate of coronavirus has slowed in China, and there appears to be a growing appetite among fund managers......
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CNBC - Real Estate

Logistics and data centers among top real estate investment picks

CNBC Real Estate
by CNBC Real Estate03
Henry Chin from real estate services and investment firm CBRE says there are some bargain hunting opportunities in the market right now due to the coronavirus outbreak. He shares who the top investors are and some of their most favorite investments in the commercial sector at the moment. CNBC –......
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CNBC Business

February pending home sales jump over 9% annually, ahead of coronavirus impact

CNBC
by CNBC03
CNBC – For more and to sign up click here A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts......
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CNBC - Real Estate

Virtual and solo home touring soars

CNBC Real Estate
by CNBC Real Estate03
Zenplace robot shownig a home to prospective buyers. Source: Zenplace While homebuyer demand has plummeted, there are still some out there who may need to move, and either purchase or rent a home. So, much like all interaction in the age of COVID-19, home touring is moving online and going......
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CNBC - Real Estate

Fed’s security purchases threaten US housing market

CNBC Real Estate
by CNBC Real Estate02
© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by CNBC – For more......
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CNBC - Real Estate

“Listing Impossible” star says coronavirus may crush real estate market

CNBC Real Estate
by CNBC Real Estate05
Newly constructed single family homes are shown for sale in Encinitas, California, July 31, 2019. Mike Blake | Reuters With more than 92,000 coronavirus cases and at least 1,380 deaths in the U.S. that have been linked to COVID-19, the U.S. currently has the most reported cases of coronavirus across the......
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CNBC - Real Estate

WeWork reassures investors it has enough cash to weather coronavirus

CNBC Real Estate
by CNBC Real Estate04
WeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020. David A. Grogan | CNBC WeWork is telling investors it has enough cash on hand to execute its long-term plans and weather the near-term challenges posed by......
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CNBC - Real Estate

There’s a mortgage REIT meltdown—Here’s what’s happening

CNBC Real Estate
by CNBC Real Estate05
CNBC’s Kelly Evans talks with Dom Chu and Diana Olick about the mortgage REIT meltdown as mortgage servicers face severe liquidity risk. CNBC – For more and to sign up click here...
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CNBC - Real Estate

Commercial mortgages could be on brink of collapse

CNBC Real Estate
by CNBC Real Estate010
Lawmakers are working to reach an agreement on a massive stimulus package to combat the economic impact of coronavirus. Real estate investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial mortgages are on the brink of collapse and that we are seeing the beginning of “a second crisis......
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CNBC - Real Estate

Weekly mortgage applications tank 29% as coronavirus stops homebuyers

CNBC Real Estate
by CNBC Real Estate07
A woman looks at real estate listings outside a Berkshire Hathaway Home Services office in Montclair, N.J. Adam Jeffery | CNBC An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume......
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New York Post

Nearly 16,000 NYC property owners owe the city property taxes

NYPost
by NYPost03
New York Post – For more and to sign up click here Nearly 16,000 Big Apple property owners owe the city $555 million for taxes, emergency repairs and water bills, according to newly released city records. But that figure is expected to rise dramatically in the face of the coronavirus,......
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CNBC - Real Estate

WeWork memo offers employees $100 a day during coronavirus lockdown

CNBC Real Estate
by CNBC Real Estate05
WeWork is offering some of its employees $100 a day if they feel comfortable coming into work amid the coronavirus outbreak.  Earlier this week, WeWork’s COO Shyam Gidumal offered members of the company’s community teams a bonus worth $100 a day or up to $500 week through the month of......
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New York Post

New home sales sank 4.4 percent in February, forecast bleaker

NYPost
by NYPost07
New York Post – For more and to sign up click here Sales of new US single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic, which is boosting unemployment and severely disrupting economic activity. The Commerce Department said on......
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CNBC - Real Estate

Behind the bipartisan push for nationwide remote online notarization

CNBC Real Estate
by CNBC Real Estate03
Currently, there are nearly 2,100 counties that provide some electronic access to their property records, but that’s means about a third of the jurisdictions in the country still don’t have the ability to accept digital documents. Sen. Kevin Cramer (R-ND) and Sen.Mark Warner (D-VA) introduced Securing and Enabling Commerce Using......
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CNBC - Real Estate

Mortgage closings at risk as coronavirus shutters title offices

CNBC Real Estate
by CNBC Real Estate05
H&R Block Mortgage sign Jb Reed | Bloomberg | Getty Images Not even a month ago, thousands of borrowers were rushing to take advantage of record-low mortgage rates. Refinance applications soared over 400% annually, and home buyers were out early and in force. But now some of those loans are......
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