Commercial real estate company Cushman & Wakefield recently introduced the Six Feet Office concept to showcase some of the ideas it envisions companies will be adopting soon. These include desks spaced 6 ft. apart, along with bold color and visuals such as circles embedded in the carpet to remind people to distance themselves. Cushman &
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The Wee Barn in Corning, NY is 1436 square feet and includes many green features and aging in place … [+] features. Photo courtesy of Geoffrey C Warner for Downsize: Living Large In a Small House When the dust finally settles on this horrible pandemic, I predict people will be looking for a much different
Getty Amid the coronavirus pandemic, legal weed sales have spiked, with industry leaders pushing for a federal decriminalization as a means to aid the recovery of the currently shackled economy. Even U.S. Senator Elizabeth Warren (D-Mass.) called for the creation of a legal weed market in a tweet today, April 20, the “weed day” holiday
Richard Connelly, of First International Hamptons Realty, waits for clients at an open house for a nearly-completed home on A.J. Court in Riverhead, New York on March 14, 2020. John Paraskevas | Newsday LLC | Getty Images Both homebuyer and seller demand have weakened dramatically in the last month, as Americans hunker down to help
Recently opened, Mission Lofts offers 156 units that can be rented as apartments, offices or both. Robert Seldin A newly opened development near the nation’s capital has taken mixed-use design to a new dimension that befits the currently predominant, coronavirus-prompted lifestyle of living and working in a single place. Sited in Falls Church, Virginia, and
Homebuilders are hurting. U.S. home construction in March endured its worst monthly decline since 1984 as housing starts fell by over 22% from the previous month, the Commerce Department said Thursday. Homebuilder confidence was also pummeled, with one key indicator seeing the biggest drop in its 35-year history. Home construction stocks have reflected the weakness. The iShares
Prince once stayed at this massive Los Angeles mansion purple. The Oppenheim Group The Los Angeles mansion that Prince personalized by painting it purple when he rented it is on the market for $29.995 million. The enormous home near the intersection of Beverly Hills and the Sunset Strip was also the residence of Academy Award-winning
urbazon | Getty Images More than 2.9 million homeowners have taken advantage of a program designed to provide relief to holders of government-backed mortgages, part of the coronavirus CARES Act relief package. This represents 5.5% of all active mortgages, according to Black Knight, a mortgage data and analytics company that is now tracking the growing
Payment Deadline Getty In the wake of Coronavirus, many people worried about how their going to make their next housing payment. However, in particular, a new survey from Cleaver Real Estate shows just how precarious the situation is for landlords and tenants, many of whom have found themselves on opposing sides of this issue. Read
The CEO of real estate brokerage Redfin said Friday that demand for homes has shifted to rural areas as people react to the coronavirus pandemic and look to move out of dense urban areas. “We have seen that people are more interested in that house at the foot of the mountains by the lake,” Glenn Kelman
TOPLINEThe coronavirus pandemic continues to take a heavy toll on business activity as this week’s batch of dismal economic data stokes concerns on Wall Street and serves as a sobering indication of just how badly the outbreak is impacting the American economy. From a collapse in retail sales and manufacturing to millions of unemployment claims,
Flooding resulting from Hurricane Harvey in Houston, Texas. Harriet Taylor | CNBC Nothing can compare to the crushing economic tsunami created by the coronavirus pandemic, but in the housing market specifically, there are some parallels to natural disasters. Lessons learned from those devastating events are helping the industry cope now. In 2017, after Hurricane Harvey
Net positive energy home in Lincoln, Massachusetts Photo by Chuck Choi ZeroEnergy Design is an architecture firm creating high performance homes and buildings, while also offering energy consulting and HVAC design for other professionals through the firm’s mechanical design practice. The company has received numerous awards, including Best of Boston Home® 2020 Best Sustainable Architect,
Despite wider-than-usual daily swings last week, mortgage rates dropped to the lowest level ever in the Mortgage Bankers Association’s 30-year-old weekly survey, causing yet another rush to refinance. Total mortgage application volume rose 7.3% last week from the previous week, according to the MBA’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate
A wall mounted dual flush toilet from Duravit Photo courtesy of Duravit You might notice I’m particularly obsessed with toilets these past two months. Being cooped up in the house makes the necessaries in the home all the more important. Over the years, there has been an increased concern for the environment and particularly in
As investors and financial markets struggle to find their footing during the coronavirus pandemic, the effects are hitting consumers where they live – in mortgage rates. Not only are rates swinging wildly day to day, they are varying more dramatically lender to lender. In just the past four weeks, the average rate on the 30-year
The coronavirus outbreak is already causing a spike in commercial mortgage delinquencies in the hotel and retail sectors, a new analysis finds. The data speaks to a bigger fear haunting the commercial real estate industry: That Covid-19 could spark an even bigger mortgage crisis than the one in 2008, which devastated American homeowners. Commercial mortgage-backed
Thomas Barrack, Executive Chairman and CEO, Colony Capital, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 28, 2019 in Beverly Hills, California. Michael Kovac | Getty Images One of President Donald Trump’s closest allies hired a top lobbying firm to advise on challenges related
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Consumers are fast losing confidence in this spring housing market, given the economic upheaval from the coronavirus. Higher mortgage rates aren’t helping either. Both combined to cause a 17.9% drop
Loan servicers are being slammed by requests from homeowners to delay their monthly mortgage payments as the coronavirus forces millions of people out of work. Yet one of the industry’s top regulators vehemently denies that those servicers need any help. Top industry leaders are fighting back in an escalating war of words that could have a
DocuSign CEO Dan Springer said Tuesday the company has not noticed a decline in activity among its clients in the real estate industry despite the economic shock from the coronavirus. “Real estate is an interesting one because while a lot of people are concerned there is going to be a slowdown, we haven’t yet seen
A broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running, as requests from borrowers for the federal mortgage forbearance program are pouring in at an alarming rate. The Cares Act mandates that all borrowers with government-backed mortgages—about
Taylor Denchfield has been flipping homes since he was 17. Source: Taylor Denchfield As job losses climb into the millions due to the coronavirus pandemic, laid-off workers increasingly can’t make the rent. That’s also bad news for small landlords. Unlike large real estate companies and REITs that own multiple rental buildings, small, so-called mom and
Workers at a Bozzuto multifamily job site in Chevy Chase, MD. Diana Olick | CNBC Construction has been deemed essential by the federal government, but a growing number of residential construction workers are pulling back, worried about catching the coronavirus. While overall construction employment fell in March, according to the Bureau of Labor Statistics, residential
Manhattan real estate sales ground to a halt at the end of March, and some industry experts say prices could fall 30% or more once activity resumes. Total sales volume actually increased 14% for the first three months of 2020, boosted by a strong January and February, according to a report from Douglas Elliman and
Millions of borrowers may be unable to pay their mortgages as the coronavirus continues to crush the U.S. economy. But there is a government back-up plan. The CARES Act just signed into law allows borrowers to skip payments for up to a year and then have those payments tacked on to the end of their
Homebuilding stocks had a rough March. The iShares U.S. Home Construction ETF (ITB), which tracks the group, closed out its worst month ever on Tuesday with a more than 33% loss since Mar. 1, adding to a cacophony of gloomy statistics that included the Dow Jones Industrial Average rounding out its worst first quarter in
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 solo. Zillow, a home listing
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 globe, putting life on hold for
New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage payments, said Gov. Phil Murphy on Saturday. Lenders will also waive late