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Despite the global pandemic, Dubai has seen “impressive levels” of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week. Aqil Kazim of Nakheel’s comments come even as real estate transactions in the second quarter of 2020 plummeted 38.8% compared to the same
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Ahead of his firm’s NYSE debut Thursday, Dan Gilbert told CNBC that Rocket Companies may make acquisitions to further leverage its mortgage-lending technology.  “We want to use our stock as currency and potentially acquire more fintech organizations and put them in the mold,” said Gilbert, chairman of Rocket Companies, which he founded in 1985.  Rocket Companies
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U.S. consumers have purchased homes at record levels as low mortgage rates encourage demand. U.S. home ownership rose to 67.9 percent in the second quarter, the highest level in more than 10 years, according to the Commerce Department. Eric Lipar, LGI Homes CEO and chairman, join “Closing Bell” to discuss. 05:06 2 minutes ago
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People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit
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A family is evicted from their Longmont, Colorado, home in September 2011. John Moore | Getty Images News | Getty Images An unprecedented eviction crisis will soon hit the U.S.  On Friday, the federal moratorium on evictions in properties with federally backed mortgages and for tenants who receive government-assisted housing expired. The Urban Institute estimated that provision
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The CEO of Bloomin’ Brands, the parent company of restaurant chains such as Outback Steakhouse and Bonefish Grill, told CNBC on Friday that it is not experiencing rising food costs, rather that beef and seafood costs have “been an opportunity” during the pandemic.  “There was some concern about the supply chain. That did not materialize like we
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