vitapix | E+ | Getty Images Mortgage rates bounced higher again this week, making homebuying even more expensive at the start of the all-important spring market. With home prices skyrocketing, any rise in rates knocks even more potential buyers out of the running, and yet somehow the housing market is more competitive than ever. The
Real Estate
With more companies allowing their employees to work from home during the Covid pandemic, young urbanites have been moving into suburban and rural areas that give their pets more space to roam, said Petco CEO Ron Coughlin in a “Squawk on the Street” interview. “There are people, millennials, who couldn’t have pets in apartments, who
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google says it plans to spend more than $7 billion on real estate across the U.S. in 2021 as it resumes spending in the wake of the Covid-19 pandemic. The
The internet service company known as Angie’s List has rebranded, revamped its website and launched a new app as it looks to further penetrate the home services industry. Under its new name, Angi wants to smooth out the home renovation process by offering consumers a single platform to connect with contractors, book and make payments.
Federal Reserve Chairman Jerome Powell speaks at a virtual news conference in Tiskilwa, Illinois, on Dec. 16, 2020. Daniel Acker | Bloomberg | Getty Images The Federal Reserve on Wednesday kept its benchmark interest rate at zero to continue to support the economic recovery from the coronavirus pandemic. The decision comes just days after the
A contractor works on a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 8, 2021. Luke Sharrett | Bloomberg | Getty Images A monthly index measuring homebuilder confidence in the single-family housing market fell, as builders face rising interest rates and rising costs for materials, especially lumber. The
Goldman Sachs veteran trader Michael Daffey is seen in this undated handout photo, in London, Britain. Goldman Sachs via Reuters Former high-ranking Goldman Sachs executive Michael Daffey bought a New York City mansion this month for a whopping $51 million from the estate of the late convicted sex criminal Jeffrey Epstein, his spokesman said Tuesday.
CNBC’s Jim Cramer said Tuesday he believes it’s a favorable environment for investors to put money to work in the U.S. stock market. Positive economic signs are abound, Cramer said on “Squawk on the Street,” reading a sampling of headlines on Tuesday’s front page of The Wall Street Journal about a recovery in airline travel,
Morsa Images | Getty Images A pandemic migration has been underway, at least for young adults ages 18 to 31. That’s according to a Bankrate.com survey that found 31% of people in that age cohort relocated either permanently or for an extended period of time during the pandemic. That’s compared to 16% of adults overall.
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images No one could have predicted it. Not the economists, not the real estate agents, and especially not the nation’s homebuilders. But a pandemic caused an emotional run on
Barely a month ago, a 3D-printed house was listed for sale to the public for the first time in the U.S. Now, a small, 3D-printed community in Texas is following suit. Another, larger community in California is also in the works. In other words, 3D-printed real estate is taking off in a big way. That
tupungato | iStock | Getty Images Am I eligible? To qualify, at least one member in your household has to be eligible for unemployment benefits or attest in writing that they’ve lost income or incurred significant expenses due to the pandemic. You will also need to demonstrate a risk of homelessness, which may include a
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images The recent sharp rise in interest rates is now taking a toll on mortgage refinance demand, as the number of borrowers who could benefit shrinks. Applications to refinance
The Recreational Equipment Inc. (REI) headquarters stands in Kent, Washington, U.S., on Wednesday, March 4, 2020. Chona Kasinger | Bloomberg | Getty Images Last August, REI listed its newly built corporate headquarters in Bellevue, Washington, for sale without ever even moving into the building. It marked a stunning reversal. In 2016, when REI announced plans
Justice Ruth Bader Ginsburg speaks onstage at the Fourth Annual Berggruen Prize Gala in New York on Dec. 16, 2019. Eugene Gologursky | Getty Images The late Supreme Court Justice Ruth Bader Ginsburg was not only one of the most recognized leaders in the battle for gender equality, but also a voice advocating for women’s
Data centers are primed to set growth records this year, according to a new report from commercial real estate company CBRE. The buildings aren’t pretty. They’re big, boxy and nondescript. But they’re attractive real estate because they’re essential to how we live these days, housing the infrastructure that fuels everything from shopping online to working
LGI Homes Chairman and CEO Eric Lipar told CNBC on Friday he believes housing demand will remain robust even in the face of rising mortgage rates. A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images The spring housing market is shaping up to be the leanest and most competitive ever. A sharp drop in new listings partly due to severe weather, combined with already record-low supply,
A residence belonging to Jeffrey Epstein at East 71st street is seen on the Upper East Side of Manhattan on July 8, 2019 in New York Kevin Hagen | Getty Images A reported deal to sell sex criminal Jeffrey Epstein’s notorious New York City mansion for about $50 million could unfreeze a compensation fund set
As the country went under lockdown, Americans were on the move. Over the last year, 1 in 20 adults moved from where they were living either permanently or temporarily due to the coronavirus outbreak, according to a recent report by the Pew Research Center. Most cited financial reasons for relocating, followed by a job loss