Real Estate

Institutional investors rushing in to buy properties is not a main reason for the ultra-hot U.S. housing market, Coldwell Banker CEO Ryan Gorman told CNBC on Tuesday. In an interview on “The Exchange,” the real estate executive acknowledged the potential for institutional buyers to add further pressure on prices, as they look for potential hedges against inflation,

About 2 million homeowners are still in some type of mortgage forbearance amid the health and financial fallout brought on by the Covid-19 pandemic. While the U.S. government extended the foreclosure moratorium through July 31, the Consumer Financial Protection Bureau isn’t planning to put any further bans on foreclosures in place. Instead, to help homeowners

Many things have been in short supply during the coronavirus crisis, and that includes housing. When the country went into lockdown, Americans were on the move. The sudden shake up caused a spike in home prices. Even now, potential buyers continue to be shut out of the housing market as prices head higher and higher.

Getty Images Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from

Andrew Cleland Source: Andrew Cleland Andrew Cleland tries not to panic about his eviction hearing on July 6. Instead, the 75-year-old focuses on what he can do to keep himself and his 82-year-old wife, Carol, in their apartment. He’s applied for rental assistance. He’s planned how he’ll travel to the courthouse. A recent accident ruined

A building in Massachusetts where some tenants are not paying rent. Source: Howard Simon The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords. Groups representing landlords had been lobbying hard to end the moratorium and now

A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters Mortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are heading. Applications to refinance a home loan rose 3% last week from the previous week,

Director of the Federal Housing Finance Agency Mark Calabria testifies on Capitol Hill during a committee hearing on “Housing Finance Reform: Next Steps” in Washington, DC, September 10, 2019. Jim Watson | AFP | Getty Images The Biden administration will replace the leader of a massive U.S. housing finance agency following the Supreme Court’s ruling

The Covid-19 pandemic certainly accelerated e-commerce, from groceries to household goods, and now you can even buy a new construction home fully online. Two major public homebuilders, Taylor Morrison Home and PulteGroup, recently piloted programs in which buyers can choose, design and finance a new home virtually and just put it in their shopping cart.

British designer Thomas Heatherwick is designing Google’s new buildings in California and London. Getty In 2012, British designer Thomas Heatherwick found himself having dinner with Google co-founder Larry Page at the billionaire’s house in California. Page wanted to discuss the future of Google’s sprawling headquarters in Mountain View, as well as some of the company’s

The Federal Reserve doesn’t need to try to cool down the hot U.S. housing market with higher rates, even as home prices keep rising, CNBC’s Jim Cramer said Wednesday. “I don’t want to repeat the mistakes that led to the financial crisis,” the “Mad Money” host said. “Unlike the lead-up to the great recession, homebuyers

Renter advocacy groups have pressured the administration of President Joe Biden to extend the CDC eviction ban for at least another month. Carlos Barria | Reuters Struggling renters will likely have a little more time before they have to worry about eviction. The Centers for Disease Control and Prevention is expected to extend the national

In this article EL Stephen Ross, chairman and majority owner of the Related Companies, attends the grand opening of phase one of the Hudson Yards development on the West Side of Midtown Manhattan, March 15, 2019 in New York City. Drew Angerer | Getty Images A super PAC funded largely by real estate billionaire Stephen

Taking 30 years to pay back a loan can feel like a lifetime. Andy and Nicole Hill were worried that being tied to a mortgage payment would stop them from taking career risks, so the couple came to an agreement: They would pay the house off in under five years. The Hills made their first

Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market. Existing home sales fell 0.9% in May from the previous month to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors. That is the fourth straight month

Resident works with desk top computers and laptops at Google Inc.’s tech campus at East London’s Tech City. Bloomberg | Bloomberg | Getty Images LONDON — Google is closing its dedicated start-up space in London known as Campus. The Silicon Valley tech giant announced on Monday that it has decided “not to reopen” Campus in

In this article RDFN INVH Invitation Homes CEO Dallas Tanner told CNBC on Friday the U.S. housing market remains “healthy,” downplaying concerns that the sharp rise in prices during the Covid pandemic is creating bubble-like conditions.  In an interview on “Squawk on the Street,” Tanner said the supply-and-demand dynamics that have contributed to the feverish

People look at a home for sale during an open house on April 16, 2019 in San Francisco, California. Justin Sullivan | Getty Images The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. The move was a

China’s residential properties have seen strong demand, and there are three factors driving it, according to Deutsche Bank’s Linan Liu. Data released Thursday by the National Bureau of Statistics showed that new home prices in May rose 4.9% from a year ago, compared to a 4.8% increase in April. The average new home prices in

The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images The Federal Reserve’s new forecasts on interest rates and inflation don’t amount to much for investors and consumers, especially in the short term, according to financial advisors on CNBC’s FA Council. The Fed on Wednesday sped up its timeframe for raising