Real Estate

Mortgage rates reached another low this week, helping to keep rising interest rates in check getty Mortgage rates have hit yet another record-breaking low, this time falling to 2.88% on 30-year, fixed-rate loans. That’s down from 2.99% last week and 3.60% a year ago. It’s the lowest average rate ever recorded, according to mortgage purchaser

A for sale sign is seen next to a house in Arlington, Virginia on May 6, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell to another record low this week, the eighth record set this year. But home affordability is weakening as the housing shortage, high demand from buyers and rising home

Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.   The number of signed contracts for co-ops and condos in Manhattan — the best real-time measure of activity — dropped 57% in July compared

Robert K. Jafek is Principal at Boomerang Capital Partners, successfully financing and developing real estate since 2006.   getty It is well known that the residential real estate market is highly seasonal, with activity and prices following the heat: It warms up in the spring and gets hot in the summer before cooling off in the fall

The dual staircases in the entryway Jim Bartsch As real estate finds its sea legs again in the wake of Covid, luxury listings are still testing the waters for what the market will bear. The latest top-of-the market listing for the high-end neighborhood of Holmby Hills has come to the listing service with an asking

U.S. consumers have purchased homes at record levels as low mortgage rates encourage demand. U.S. home ownership rose to 67.9 percent in the second quarter, the highest level in more than 10 years, according to the Commerce Department. Eric Lipar, LGI Homes CEO and chairman, join “Closing Bell” to discuss. 05:06 10 minutes ago

Canopy by Hilton Jersey City Arts District is now accepting reservations Aerial panorama of Jersey City skyline at sunset. Getty It’s not exactly an ideal time to open a new hotel, however Canopy by Hilton has doubled down this month with the opening of not one but two new hotels, including the Canopy by Hilton

Houses on Kelly Street in Kentish Town, London. Yui Mok | PA Images | Getty Images The U.K. government has released details of how tradespeople can get involved in its £2 billion ($2.60 billion) “green homes grant” initiative. Announced in July, the scheme will enable landlords and homeowners in England to apply for vouchers to

A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Record low mortgage rates are clearly not as impressive as they used to be. Even with another new low set last week, mortgage application volume decreased 5.1% from

David is the Founder and CEO of Realized, leading the firm’s mission to improve lives through innovative real estate wealth solutions. getty A fundamental principle of investing is the risk-return trade-off: The greater the risk, the greater the expected return, and vice versa. Investments in real estate are no exception, but quantifying risk in real estate

The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is driving prices higher faster, but forecasters say that may not last. Nationally, home prices increased

TOPLINE Chip and Joanna Gaines, hosts of the wildly popular home improvement TV show Fixer Upper, announced a new season of the Waco, Texas-set program would kick off in 2021—on their own broadcast network—as their lifestyle empire, which comprises of book deals, restaurants, retail shops and a Target home goods line, shows no signs of

School psychologist Dr. Roseann Capanna-Hodge has been working with young people for decades. Dr. Roseann Capanna-Hodge / (c) 2019 Emily Mygatt Lee There’s a heated debate taking place around the country about whether schools should reopen for in-person classes this month, when many traditionally welcome students back to campus.  Numerous districts – including some of

Courtney Davis Source: Courtney Davis In a few weeks, Courtney Davis will give birth to her first child, a son, Bentli Jaymes. In the meantime, she’s afraid that she won’t have a home to bring him back to.  “My biggest concern is becoming homeless right now,” Davis, 23, said. Without an extension of a federal

A real estate agent needs to demonstrate certain traits for them to succeed in this line of work. Granted, not all real estate markets are the same, but buyers tend to look for similar things before deciding they can trust a real estate agent. These traits tell the client a lot of details that the

TOPLINE Facebook and Vornado Realty Trust announced Monday the social media company has closed a long-discussed deal to lease 730,000 square feet of the historic Farley Building in Manhattan, in an apparent vote of confidence as real estate firms worry that businesses won’t need expensive office space if people don’t go back to the office

The perspective from an ocean-view ranch at Las Carcavas, a new development attracting international … [+] real estate investors to the Rocha coast in Garzon, Uruguay Rafael Botto As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking

Principal at Morgan Properties, a real estate investment and management company that’s the fifth largest apartment owner in the country.  getty Since March, the economic impact of Covid-19 has continued to unfold globally. The rapid pace at which the pandemic has spread and global actions to curtail it are having unprecedented repercussions on the way we

Vodafone’s heat-detection camera captures a person walking into an office building. Vodafone As employers around the world figure out how best to return workers to the office, tech companies are hoping that gadgets and software could help the process. The coronavirus pandemic and resulting lockdowns have left offices around the world empty. And while there’s

Founder and CEO of the pioneering home hospitality brand, D. Alexander, and the Founder and Managing Partner of D. Alexander Capital. getty A few years ago, a thought came to me about the future of homeownership and hospitality while I was road tripping down Highway 1 to stay at a short-term home. I was trying to

The Miami development includes a 100,000-square-foot medical center with exam rooms, an onsite lab … [+] and pharmacy and diagnostic imaging. Royal Palm Companies The developers of a new mixed-use tower in Miami, set to open in 2024, weren’t anticipating a global pandemic when they came up with the idea for their latest project —

Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Unemployment levels nationally were at 14.7% in April 2020, reaching as high as 30.1% in Nevada during that month. The recent unemployment rates now are at the highest levels since the Great Depression.  However,

Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading mid-market multifamily brokerage firm.  getty There is a broad spectrum of commercial real estate types to consider when investing. When the economy shifts or crises occur, multifamily has consistently proven its resiliency, stability and predictability. Multifamily is doing so again during Covid-19

Time and again, agents cite culture and kinship as mattering as much to them in their choice of a … [+] firm as money. And money, even venture money, doesn’t last forever. getty How does a real estate brokerage succeed in the COVID-19 world? Of course, it’s about the agents who choose to associate and

As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its

Shot of Corridor in Working Data Center Full of Rack Servers and Supercomputers with Blue Neon … [+] Visualization Projection of Data Transmission Through High Speed Internet. getty In a nutshell, QTS Realty kicked off data center REIT earnings last week hitting on all cylinders and raising FY 2020 Guidance across the board, including revenue,

The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens

Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the pandemic, you’re definitely not alone.  Up to 40 million Americans may lose their homes in this downturn, four times the

Pre-covid, a table in an active adult community developer’s welcome center shows remaining inventory … [+] in various sections. Photographer: Patrick T. Fallon/Bloomberg BLOOMBERG NEWS Florida has had some well-publicized challenges lately, but homebuilders statewide are seeing a continued rebound of demand from buyers that surprises even them. Building company executives and owners I’ve spoken

The luxury retail market in mainland China has been “very, very strong” from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties. 02:26