People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images After a brief lull to start the month, mortgage demand surged ahead yet again — even with the highest interest rates in several weeks. Total mortgage application volume increased 6.8% last
Real Estate
There’s no question that the environment is changing daily. Many industries have seen this shift in the weather and opted to do their part to help the planet heal. Green building is an initiative that tries to reduce the carbon footprint of building and maintaining a home. Despite it being such a primary, pressing concern
Smart home technology can reduce the risk of indoor Covid transmission. Delos – Anthony Barcelo (Photographer) The Centers for Disease Control posted updated Covid-19 transmission information on its website last Friday and removed it on Monday, claiming the posting was done in error with draft copy. The crucial information in the update concerned aerosols and
Construction nears completion on a new Toll Brothers Inc. home that has already been sold in … [+] Raleigh, North Carolina, U.S., on Sunday, May 23, 2010. Rates for 30-year fixed mortgage loans fell to 4.84 percent in the week ended April 20, a five-month low, according to figures from Freddie Mac. Falling home-loan rates
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters After a record-setting July, the housing market still shows no sign of cooling off. Sales of existing homes rose 2.4% to a seasonally adjusted annualized rate of 6 million units, according to the National Association of Realtors. Sales were 10.5% higher
Investment Specialist, Team Denver Homes - RE/MAX Professionals. getty There are two main schools of thought when it comes to real estate investment: diversification and specialization. Investors who diversify don’t want to put all their eggs in one basket. They try to balance risk and reward by spreading out their investments across multiple property types or locations.
Scott Heins | Getty Images News | Getty Images Mom-and-pop landlords are in a worse financial position relative to their higher-earning peers as unemployment remains elevated and Americans continue to struggle to pay rent, according to a new analysis. Roughly a third of individual landlords who own residential property are from low- to moderate-income households
A bi-directional arrow symbol on an asphalt road. getty Home prices are skyrocketing in most U.S. markets despite COVID- 19, a recession and a shockingly high unemployment rate. Many analysts are speculating that part of the boom in house prices is caused by COVID-19 – that some people are concerned about COVID-19 contagion and don’t
Retirement village in Florida. Ron Levine | Image Bank | Getty Images Where to live in one’s golden years is one of the most significant decisions a new retiree has to make, and the traditional notion of retirement is changing. The old formula of cookie-cutter retirement communities is being challenged by the rise of customizable
A limited supply of houses for sale has helped push home prices higher and add to borrower equity. Xinhua News Agency/Getty Images Despite the economic turmoil of the pandemic, home equity continued to climb in the second quarter of 2020, with the average homeowner gaining $9,800 in equity and negative equity falling 15% between the
After a brief stall in home sales at the start of the coronavirus pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more. Home equity for homeowners with a mortgage rose 6.6% annually in
Adam oversees ArborCrowd’s corporate growth strategies including business development, digital technology and sales initiatives. getty 2020 is shaping up to be a year that most people will want to forget. It has been particularly challenging for the nascent real estate crowdfunding industry, which — like many others — has been affected by Covid-19. This resulted in
Smart home technology can benefit from disassociating from the term smart and focusing more on … [+] helpful. Adobe Smart home technology is a term that we have been using for more than a decade. It’s become common place. But, let’s take a look at its meaning. Why smart? Does smart home technology make you
Several cities throughout the country have larger-than-average apartments. getty The coronavirus pandemic is accelerating demand for spacious apartments as renters seek a new lease on life with extra rooms, a dedicated place for an office and more outdoor space. RENTCafe looked at the 30 most populous metro areas to determine where the largest apartments are
I-35W bridge in Minneapolis, Minnesota that replaced the bridge built in 1967 that collapsed in 2007 … [+] due to a design flaw. getty In a recent article here on the Biden housing plan, I mentioned the Paradox of the Black Home Ownership Rate – in the 30 years from 1940 to 1970 when housing
Two organizations are suing the CDC over an eviction moratorium. getty The National Apartment Association (NAA) announced today that it is taking legal action against the Centers for Disease Control and Prevention for its nationwide eviction moratorium, joining the New Civil Liberties Alliance (NCLA) in its lawsuit challenging the legality of the federal agency’s action.
Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images With demand for housing surging, the nation’s homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on
Exterior Jacob Elliot Not even a celebrity name is immune to a price reduction in the softening market of San Francisco. As one of the most expensive real estate markets in America, the city might be on the cusp of seeing something it hasn’t seen in a very long time: a buyers’ market. By the
Getty Images If you’ve thought about refinancing your mortgage, be aware that it may soon be a more expensive proposition. Due to a 0.5% “adverse market” fee, effective Dec. 1 and imposed on lenders by mortgage backers Fannie Mae and Freddie Mac, many homeowners are expected to absorb at least some of the cost when
Parkline Chicago Level 18 Lounge: The two-story social lounge, located on the 18th floor of Parkline … [+] Chicago, is one of a host of amenities offered to the building’s apartment and condominium residents. The lounge offers spaces for small groups to spread out as well as sweeping views of the lake, parks and city
Jb Reed | Bloomberg | Getty Images The number of borrowers in government Covid-19-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising. This suggests that there is still pain ahead in the mortgage market, as some borrowers are simply not recovering enough financially to afford their home loans. The
US businessman and son of the US president Eric Trump. Mandel Ngan | AFP | Getty Images Lawyers for Eric Trump said Thursday that he is willing to be deposed as part of the New York Attorney General’s office’s probe of the Trump Organization, but only after the 2020 presidential election. In a court filing
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Success starts at the beginning. In the case of acquiring a lot or existing rental property, this idea equates to due diligence. I write a lot about due diligence, but a deeper dive can
UNITED STATES – SEPTEMBER 15: Rep. Josh Gottheimer, D-N.J., joined by other members of the Problem … [+] Solvers Caucus, unveils the March to Common Ground, a COVID-19 relief package, at the House Triangle on Tuesday, Sept. 15, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images This
Commercial real estate stocks are bouncing back this week after taking a big hit. Shares of SL Green, Manhattan’s biggest office landlord, are up 14 percent. On Monday, SL Green unveiled a $3 billion, 77-story new office tower in midtown, showing the company is betting on a future that includes workers going back into the
Tim Curran is the CEO of Building Engines, the modern building operations platform for commercial real estate. Getty After months of being closed or at extremely low capacity, office buildings are cautiously moving towards re-occupancy. However, getting people back into buildings is a complex matter, and it’s made even more so given the severity of Covid-19.
Homebuilding is booming. Homebuilder sentiment hit a fresh all-time high on Wednesday on the back of rising demand for suburban housing. The iShares U.S. Home Construction ETF (ITB) and the SPDR S&P Homebuilders ETF (XHB) climbed nearly 3% and 2% respectively following the spike, with the XHB hitting a new all-time high. Wall Street analysts also highlighted
Topeka anticipates workers will be enticed to relocate due to its affordability. Greater Topeka Partnership Topeka, Kansas is offering an enticing deal for remote workers to put down roots in the city. Through the state capital’s new Choose Topeka relocation initiative, employees who work remotely for companies based outside Shawnee County can receive up to
Homebuilding stocks jump on all-time high sentiment. Where to invest in the space There’s a growing disconnect in emerging markets, but traders see opportunity Unusual activity suggests market volatility will jump after Election Day, Wells Fargo finds Market volatility may swell after Election Day, Wells Fargo’s Michael Schumacher warns KeyBanc gets bullish on the digital
Opendoor cofounder and chief technology officer Ian Wong. Opendoor The market reacted kindly yesterday to news that Opendoor, a technology startup that lets customers rapidly sell their homes, will go public through a merger with a blank-check company. Shares of its soon-to-be acquirer soared 35% during normal trading hours, before falling 7% early on Wednesday.
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