Getty Images Google on Wednesday updated its search engine with new tools for people shopping for mortgages, including a calculator, recent average mortgage rates and key terms homebuyers may need to know during the mortgage shopping process. Google teamed up with the Consumer Financial Protection Bureau to launch the new tools because it found that
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Despite the coroanvirus pandemic, home sales are up. If you were thinking of taking advantage of low mortgage rates yourself, first make sure you know what you can afford. “When we first decide to purchase a home, we get really excited about that ideal home,” said Winnie Sun, co-founder and managing director of Irvine, California-based Sun Group
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Back in February, just before the coronavirus hit the U.S. economy with a vengeance, rent growth for single-family homes had hit its highest pace in four years. Barely three months later, that growth plummeted to a decade low. Single-family rents grew just
Kevin O’Leary told CNBC on Tuesday the U.S. government should not establish more relief programs for businesses impacted by the coronavirus and instead allow market forces decide which companies survive. “As a result of the pandemic and people’s changes in purchase behavior, there is a new America emerging and the only way to feel that out
Shelly Chapman | Moment | Getty Images Things have been tough for many Americans during the coronavirus pandemic, and it’s about to get worse, personal finance expert Suze Orman warns. The virus is continuing to spread across the country, with nearly 3.8 million cases and more than 140,000 deaths now being reported. At the same
A real estate brokerage CEO told CNBC on Monday that flexibility and understanding is necessary as concerns rise over the possibility of a wave of evictions linked to economic devastation from the coronavirus. “We have to apply a little bit of humanity in this environment because we are all in this storm, but not everybody
Rob Daly | OJO Images | Getty Images Households aren’t too happy with the U.S. consumer financial ecosystem these days, a report suggests. Complaints made to the federal Consumer Financial Protection Bureau were up 50% from March through June this year compared with the same time period in 2019, according to research from consumer advocacy
Residential buildings under construction in Shenzhen, China, on Tuesday, Aug. 23, 2016. Qilai Shen | Getty Images China’s housing market is showing signs of recovery after the coronavirus crisis and analysts say that offers bond investors opportunities as developers get back on their feet. “Urbanization and upgrading are key demand drivers. Property prices are recovering
Horse Island, off the coast of West Cork, Ireland, sold for $6.3 million. Montague Real Estate A 157-acre private island off the southwest coast of Ireland has sold for 5.5 million euros ($6.3 million), despite the buyer never having actually visited. Horse Island was sold to an anonymous ultra-high-net-worth European buyer in July, following months
Swimply rental pool in Valley Stream, NY Leroy Jackson | CNBC The coronavirus pandemic has millions of Americans shut out of public pools this summer, and that has opened up a huge opportunity for one small start-up. Swimply has been compared to Airbnb and VRBO, because it’s employs a similar strategy, only for pools. Barely
An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York. Al Bello | Getty Images To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation’s single-family homebuilders. Homebuilder sentiment jumped 14 points to 72 in July, according to the
Senior Advisor to the President Jared Kushner walks off Marine One at the White House after spending the weekend at Bedminster, New Jersey on June 14, 2020 in Washington, DC. Olivier Douliery | AFP | Getty Images President Donald Trump’s son in-law and senior advisor has decided to remain an investor for the time being
Nearly four months after banks and federal agencies started offering a number of assistance programs aimed at giving Americans a break on their mortgages, about 4.1 million homeowners remain in forbearance plans. But that number is starting to shrink as more workers are called back to work, says Mike Fratantoni, chief economist for the Mortgage
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters It almost doesn’t sound like news anymore: Mortgage rates fell to another record low last week, and that reinvigorated refinance demand. Homebuyers, however, took a step back. Total mortgage application volume rose 5.1% last week compared with the previous week,
jeremyiswild People who need more cash in retirement these days might be considering a reverse mortgage. The offer is tempting. Homeowners who are age 62 or older can convert part of the equity in their home into cash instead of having to sell. But there are disadvantages, such as complexity of the loans and their significant