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Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a “controlled” open house on May 2, 2020 in Revere, MA. Blake Nissen | Boston Globe | Getty Images The housing market has been white

After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move. In October, the couple

The economy is reopening at a fast pace. Restaurants, sports arenas and even offices are filling up again as pandemic restrictions lift. And that means many folks who have been sequestered in their homes for the past year are venturing forth, even if they don’t exactly look the same. The stressful and sedentary nature of

In this article ZG DAI-DE Zillow President Susan Daimler told CNBC on Friday that the housing market remains hot, despite the drop in pending home sales in the month of February. The National Association of Realtors reported that signed contracts on existing homes declined more than 10% that month from January. Daimler said it was

Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest

Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now it’s less than a third, according to the National Association of Realtors. The majority are millennials, aged 25-34. There is still hope for homeownership, however. While

Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.36%

Billionaire Rick Caruso’s eponymous real estate company is jumping into the world of cryptocurrency, announcing Wednesday it will begin accepting bitcoin as rent payment at its residential and retail properties. The privately held firm said it also has invested a portion of its corporate treasury in bitcoin and entered into a partnership with Gemini, the

Shoppers walk through a nearly empty Palisades Center Mall retail center in West Nyack, New York, February 3, 2021. Mike Segar | Reuters If you noticed more darkened windows and empty stores at the mall recently, you’re not alone. The vacancy rate for regional malls in the United States hit a record 11.4% in the

Andrew Harrer | Bloomberg | Getty Images The Consumer Financial Protection Bureau is warning mortgage servicers that they’re expected to help the surge of struggling homeowners in the pandemic and explore options other than foreclosure. “Responsible servicers should be preparing now,” CFPB Acting Director Dave Uejio said in a statement. “There is no time to

In this article RDFN Competition in this spring’s housing market is hotter than ever, thanks to high demand and record low supply. Selling a home has likely never been easier, and while that may sound like great news for real estate agents, there is a problem: They are desperate to find listings. “Frankly, this is

Millions of Americans took advantage of the payment suspension and mortgage forbearance programs both lenders and the federal government rolled out due to the Covid-19 pandemic last year. But as these emergency programs start to wind down this year, the Consumer Financial Protection Bureau wants to put safeguards in place to ensure millions of families

fstop123 | Getty Images The Consumer Financial Protection Bureau proposed a rule Monday to prevent a wave of foreclosures this fall, when certain Covid-era protections for homeowners are set to expire. The proposal, which would need final approval, generally prohibits mortgage servicers from initiating foreclosure proceedings against delinquent borrowers until after Dec. 31, 2021. The

People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” And the equity in your home can be misleading. “It’s really a form of

The 3 acre Northern California estate where “White Christmas” crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Exterior of 101 Robin Road, Hillsborough, CA Dennis Mayer | OMARSHALL Real Estate Built in 1930, the English Tudor-style residence is just under 10,000 square feet with 10 bedrooms and

As millennials begin to turn 40 in 2021, CNBC Make It is launching Middle-Aged Millennials, a series exploring how the oldest members of this generation have grown into adulthood amid the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living. When it came to buying a home,

Pope Francis is using his pulpit to call attention to climate migration. “When we look, what do we see? Many are being devoured in conditions that make it impossible to survive. Forced to abandon fields and shorelines, homes and villages, people flee in haste carrying just a few souvenirs and treasures, scraps of their culture

A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. Justin Sullivan | Getty Images The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed

Scott Heins | Getty Images News | Getty Images Most renters struggling during the coronavirus pandemic won’t have to worry about being pushed out of their homes for at least another three months. The Centers for Disease Control and Prevention has extended the national eviction ban that’s been in place since September through the end

Manhattan District Attorney Cyrus R. Vance Jr. Jeenah Moon | Getty Images Prosecutors in Manhattan have subpoenaed Trump Organization CFO Allen Weisselberg’s personal bank records, The New York Times reported Wednesday. The prosecutors, who are conducting a sweeping probe surrounding Donald Trump and his company, are also questioning gifts that Weisselberg and his family received

A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Higher mortgage rates are hitting the refinance market hard and may finally be taking their toll on homebuyers. Mortgage application volume fell 2.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The

Sen. Bernie Sanders, I-Vt., speaks at an event in Birmingham, Alabama, on March 26, 2021. Andi Rice/Bloomberg via Getty Images A group of Senate Democrats issued a proposal Monday to tax unrealized capital gains of wealthy estates at death. The plan comes as President Joe Biden prepares to unveil a major infrastructure plan that’s expected

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation, which some claim is not getting enough attention from the Federal Reserve. Home prices nationally

As millennials begin to turn 40 in 2021, CNBC Make It is launching Middle-Aged Millennials, a series exploring how the oldest members of this generation have grown into adulthood amidst the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living. Travis Jang-Busby is a married lawyer

In this article TJX W HD BURL ROST COLD GPS WSM AMZN PLD CBRE JLL A worker stacks boxes inside of an Amazon fulfillment center in Robbinsville, New Jersey. Lucas Jackson | Reuters The next big industrial warehouse might find itself on top of a former golf course. Or in an empty office building. Maybe

Ronel Remy, an organizer with City Life/Vida Urbana, speaks during a “Rally to Stop Evictions and Foreclosures” at the Boston Common Fountain in Boston on Oct. 11, 2020. Matthew J. Lee | Boston Globe | Getty Images A federal ban on evictions is putting the squeeze on smaller landlords, who are unable to directly access

For those who can afford it, the coronavirus crisis has caused a home-buying frenzy. In the last year, 1 in 20 adults moved, either permanently or temporarily, from where they were living due to the Covid outbreak, according to a recent report by the Pew Research Center. Not everyone is heading from the city to the suburbs, however.

In this article SQ TWTR BOWX WeWork CEO Sandeep Mathrani told CNBC on Friday the office-sharing firm expects to see a strong recovery in demand as Covid vaccines help control the pandemic. “There’s going to be a huge shift in coming back to work, and we’re a flex provider so we’re completely the person who would

A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose 3% last week from the previous week, according to the Mortgage

A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS.   “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking