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An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage interest rates have increased in four of the first six weeks of 2021, putting a chill on mortgage demand. Overall mortgage application volume fell 4.1% last week compared with

H&R Block mortgage services sign Jb Reed | Bloomberg | Getty Images Mortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year earlier.  Just under 6% of all U.S. mortgages — 2.7 million homes — were in

Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images BEIJING — Big investors are pouring money into warehouses in Europe as online shopping for goods —

The affordable housing crisis in the United States continues to be a problem and it’s only getting worse. Nationally, there is a shortage of about seven million affordable homes for our nation’s more than 11 million extremely low-income families, according to the National Low Income Housing Coalition. Some areas are worse off than others, with

Communities are desperate for more affordable housing, but the cost for developers is just too high. Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now. That is why some creative developers are now turning to hotels – and it appears to be a match made in real

Getty Images When the state-mandated shutdowns started last March, Skyler Fort, a painting contractor in northern Michigan, turned to his local credit union, 4Front Credit Union, for a PPP loan.  Many Americans sought out loans in the past year, and Fort said he chose the credit union over a bank “based on the more personal

A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing their loans. Applications to refinance jumped 11%

Amazon HQ2 rendering showing the Helix, which includes work space, will also be open to the public select weekends every month. Courtesy: NBBJ Amazon on Tuesday unveiled the latest look at its second headquarters in Northern Virginia. The standout feature of the design proposal for HQ2 includes a unique structure, dubbed “The Helix.” Amazon described

Home ownership has long been considered a staple of the American dream. During the pandemic, it has also become a dividing line between the haves and have-nots. As the coronavirus outbreak and rise of remote work pushed Americans to move from the city to the suburbs, those who could afford a single-family home have been

A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Homebuyers signed fewer contracts to buy existing homes in December, as record high prices and record low supply stood in the way of strong demand. The pending home

New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for

Herman Termeer (cq) watches the brushfire at Chino Hills State Park from the roof of his house on Tuesday, Oct. 27, 2020 in Chino Hills, CA. Myung J. Chun | Los Angeles Times | Getty Images Roughly 35 million homes, or nearly one third of the nation’s housing stock, are at “high risk” of a

The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero until the economic recovery gains ground.  As the federal government rolls out a mass vaccination plan and weighs additional stimulus in the midst of the coronavirus crisis, the central bank is keeping its commitment to help everyday Americans through the pandemic. That means rock-bottom rates will

A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week. Total mortgage application volume fell 4.1% from the previous

Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images The strong surge in home prices is not slowing down, thanks to high buyer demand and a record low supply

A visitor looks down an empty hallway at The Fashion Mall at Keystone, Wednesday, March 18, 2020, in Indianapolis. Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP When Macy’s Chief Executive Jeff Gennette

Kennia Viera, center, of Los Angeles, who is a single mom, unemployed and in danger of being evicted at the end of January, protests with her kids, Florisabella Houston-Viera, 7, second from right, and Enrique Houston-Viera, 9, left, after speaking at a protest for tenants in danger of eviction because of the financial fallout of

A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pandemic-driven demand sent total 2020 home sales to the highest level since 2006. Still, even the most avid buyers are bumping up against barriers in today’s housing market.

Behind on your rent? A new fund helps those apply for assistance. Diego Martin Lopez | iStock | Getty Images A $25 billion federal rental assistance fund will soon be disbursed to states, allowing those struggling amid the pandemic to apply for the money. By one estimate, 14 million Americans are behind on their rent

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Record-low mortgage rates may now be a headline of the past. Now, several weeks of rising rates are dousing what was incredibly high demand for refinancing. That pulled total

The coronavirus pandemic has changed not only how we live but where we live, and that has upended some of the usual trends in local housing markets. Now that some people can work from anywhere, they can also live anywhere, and they are moving to different markets for all kinds of reasons, from affordability to

A contractor moves roofing material on a home under construction at the Toll Brothers Cantera at Gale Ranch housing development in San Ramon, Calif. David Paul Morris | Bloomberg | Getty Images Just two months ago, homebuilders had never been happier. Buyer demand, driven by the pandemic-induced desire for larger newer homes in the suburbs,

SINGAPORE — Real estate investors in Asia-Pacific are most likely to put money into offices in 2021, with 31% of respondents choosing the sector over other market segments in a recent survey. That’s despite huge changes to workplaces following the coronavirus pandemic, such as work-from-home arrangements becoming the norm last year. More than half of

(L-R) Doug Emhoff, U.S. Vice President-elect Kamala Harris, Jill Biden and President-elect Joe Biden wave as they arrive on the East Front of the U.S. Capitol for the inauguration on January 20, 2021 in Washington. Joe Raedle | Getty Images President Joe Biden on Wednesday is expected to extend the federal ban on evictions through

A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Anyone looking to buy a home today is likely frustrated by sky-high prices and slim pickings. But President-elect Joe Biden, who takes

Miami Mayor Francis Suarez speaks to the media during the annual hurricane preparation exercise at the City of Miami’s Emergency Operations Center on May 29, 2019 in Miami, Florida. Joe Raedle | Getty Images Miami Mayor Francis Suarez was leaving lunch at tech billionaire Peter Thiel’s house and on his way back to City Hall

A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Manhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market. The number of new leases signed in December jumped

New York City may turn empty retail space into coronavirus testing sites, according to William Rudin, who runs his family’s multibillion dollar real estate empire. In an interview on CNBC’s “Squawk Box” on Wednesday, the CEO of Rudin Management Company said that kind of increased transparency could help people feel more comfortable going out and help

A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a

Taking 30 years to pay off your home is a fairly standard practice for many Americans. And it’s easy to see why. The average homeowner in the U.S. owes more than $215,000 on their mortgage, according to data from Experian. Andy and Nicole Hill bought their dream home just outside of Detroit at the end