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The CEO of real estate brokerage Redfin told CNBC on Thursday he anticipates the coronavirus pandemic-driven boom in the housing market will persist into next year. Existing home sales increased 9.4% in September, surpassing expectations, and the median purchase price rose nearly 15% year over year, according to data released earlier Thursday by the National Association of

Retrofits can include the installation of solar panels on a home’s rooftop, such as this property in Kent, England. Andrew Aitchison | In Pictures | Getty Images You only need to look at the huge numbers of people working from home to see how tech has changed the buildings we live in.  Through laptops, tablets

A worker uses a nail gun while installing trim in a home under construction at a Romanelli and Hughes Building Co. subdivision in Dublin, Ohio, July 9, 2020. Ty Wright | Bloomberg | Getty Images Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A

Joshua Copeland at the Colorado Homebuilding Academy Ryan Dumville | CNBC The coronavirus pandemic hit Joshua Copeland and his industry hard. The 38-year-old chef contracted Covid-19 last spring, losing his sense of taste and smell, which are critical to anyone in his line of work. Copeland recovered, but his restaurant—like thousands of others that were

Companies controlled by one of New York’s most prominent hotel developers received millions of dollars in loans from a government program intended to support small businesses as the coronavirus hammered the economy. At least eight businesses owned by Sam Chang received between $2.8 million and just over $7 million in federal small business loans, according

SEATTLE, WASHINGTON – New England Patriots’ Brandon Copeland (L) and Stephon Gilmore tackle Seattle Seahawks’ Chris Carson on September 20, 2020 in Seattle, Washington. Abbie Parr | Getty Images Sport | Getty Images Millions of Americans have been financially impacted by the coronavirus pandemic. New England Patriots linebacker Brandon Copeland wants to help. “We can’t

Contractors install shingles on the roof of a home under construction in Park City, Utah, U.S., on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The nation’s homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever. Builder sentiment set a record high

In mid-September, the envelope finally arrived. As Erin Madden opened it and pulled out the debit card with her unemployment benefits on it, all she could think about was the half a year she’d waited for this moment. She had come to feel it would never happen. “I almost didn’t believe that it had finally

CookFox Architects, a firm in Manhattan that works on sustainability and green spaces in designing buildings, is a showcase for biophilia, with its office building in Midtown equipped with three rooftop terraces. CookFox Architects Even as the coronavirus pandemic worsens in the U.S., stay-at-home orders in some areas have loosened and companies have sent some

Aaron and Lindsey Fisher found their dream home not far from where they lived in northern California. It was a stunning, $1.4 million home with an expansive backyard and nearby trail where they could hike with their four sons. “It seemed too good to be true almost,” Lindsey said. “Exactly what we wanted.” Aaron and

Democratic U.S. vice presidential nominee and Senator Kamala Harris speaks at a drive-in campaign event in Las Vegas, Nevada, U.S., October 2, 2020. David Becker | Reuters Democratic vice presidential nominee Kamala Harris took part in a big-money fundraiser Friday that was hosted by real estate investment giant Related Companies and the executive chairman of

Fitness membership? Check. Streaming account? Of course. Meal kit service? Sure. How about your hotel subscription? Whether for pleasure, work, or long-term lodging, hospitality operators are hoping on-demand stays could be your next must-have membership as the embattled travel industry tries to expand its reach. InterContinental Hotels Group, Marriott and Accor are among the major

Courtney Keating | Getty Images Even homeowners with poor credit scores may be able to take advantage of mortgage refinancing options to ease their financial burden amid the coronavirus pandemic. The housing market is one of the only parts of the economy that’s seen a solid rebound during the Covid-19 crisis, thanks in part to

Mansions seen along the coast of Palm Beach, Fla. Getty Images Home sales in Palm Beach, the exclusive island retreat of the president and countless billionaires, tripled in the third quarter as the wealthy fled the cities and higher-tax states of the Northeast, according to a new report. “It may be the hottest real estate

People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Borrowers are clearly used to hearing that mortgage rates set another record low because last week’s dip did nothing to spur mortgage demand. The volume

China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced

Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York, U.S., March 23, 2018. Lucas Jackson | Reuters San Francisco-based Dropbox announced Tuesday that it will stop asking employees to come into its offices and instead make remote work

SINGAPORE — Global real estate prices have largely held their own in the face of an unprecedented economic hit from the coronavirus pandemic, says Sean Darby, global head of equity strategy at Jefferies. “It’s been perhaps one of the most fortunate events for policymakers in that we’ve not really seen any significant declines in global

The Netflix logo is displayed on a wall at the company’s Japan office in Tokyo. Kiyoshi Ota | Bloomberg | Getty Images LONDON – As the coronavirus forces some companies to scale back on their physical offices, Netflix is planning to triple the amount of office space it has in London and move into a

Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images The number of mortgages in active pandemic-related bailouts plunged in the past week as the first wave of forbearance plans hit the end of their six-month term. It was the largest decline since the

Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020. Bing Guan | Reuters All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real

An apartments for rent sign is displayed outside a residential building in Hells Kitchen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 18, 2020 in New York City. Alexi Rosenfeld | Getty Images The number of apartments for rent in Manhattan tripled in September,

People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus pandemic, and

JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is making a $30 billion commitment it says will help address U.S. wealth inequality, especially in traditionally underserved Black and Latino communities. The bank’s pledge is a

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance, but homebuyers

A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images SINGAPORE — Rising debt of Chinese property developers are in the spotlight again, as liquidity issues at top developer China Evergrande trigger investor concerns. China’s property prices rebounded quickly as the economy reopened after the

View of Ha’penny bridge on bright sunny day in Dublin, Ireland. Stricter enforcement on Airbnb and short-term lettings in the Republic of Ireland are needed to protect the housing and rental market.  That’s according to housing activists and opposition politicians that believe regulations introduced last year need to be bolstered ahead of the difficult months

Prospective buyers tour a new home for sale in Denver, Colorado. Matthew Staver | Bloomberg | Getty Images It’s a destination for tech workers fleeing the pricey Bay Area and for metropolitan East Coasters looking for more expansive outdoor space. The new work-from-anywhere culture of the coronavirus pandemic is one of the top reasons Denver

People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic. Wang Ying | Xinhua News Agency

kali9 | E+ | Getty Images If you’re retired and are thinking about downsizing or relocating, and it involves buying a home, you might want to look into how you would finance it. You may discover that qualifying for a mortgage is different from the last time you bought a house. Not only have lenders