A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June, which are measured by signed contracts, fell 1.9% month-to-month, according to the National Association of Realtors. Sales were also down 1.9% compared
Focqus, LLC | iStock | Getty Images President Joe Biden is calling on Congress to extend the national eviction ban set to expire in two days. “This moratorium prevented hundreds of thousands of Americans from experiencing the heartbreak, homelessness and health risks that too often emanate from evictions — particularly during a pandemic,” White House
Buying a house can be expensive. The typical U.S. home will set you back $287,148, according to a recent report from Zillow. But the mortgage amount most likely won’t cover all of the upfront costs homebuyers will face. Check out this video for a full breakdown of how much you should have in savings before
In this article RLGY Realogy CEO Ryan Schneider told CNBC on Thursday the real estate services firm is embracing the remote work revolution that was accelerated by the Covid pandemic. In an interview on “Power Lunch,” Schneider said the New Jersey-based company is about to overhaul its corporate headquarters to accommodate its new way of working.
In this article KIM Foot traffic at Kimco Realty‘s shopping centers has returned to pre-pandemic levels, CEO Conor Flynn told CNBC on Thursday. “Traffic is back to 2019 levels, and we have a real playbook now that we can follow thanks to all the lessons learned through the pandemic,” Flynn said on “The Exchange.” “We
In this article VNO The inside floor of a Wegmans grocery store. Photo by Aditi Shrikant Wegmans Food Markets announced Thursday that it will be opening its second location in New York City and its first in Manhattan, as it moves into the old Kmart location at Astor Place. The grocery chain with a cult-like
In front of the criminal court in Moabit, supporters of a left-wing housing project in Köpenicker Straße protest against its eviction. A woman holds a sign with the English inscription “A roof or your head a basic human right”. picture alliance | picture alliance | Getty Images LONDON — Rent controls are becoming increasingly popular
The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs inflation is heating up. While rising prices brought on by supply constraints and a sudden spike in consumer demand are paving the way for the Fed to unwind last year’s bond buying, the central bank said it is sticking with ultra-accommodative
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images The popular 30-year fixed mortgage rate fell back to the lowest level since February last week, and the 15-year
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single-family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, prices in May were 16.6% higher than in May 2020, according to the S&P CoreLogic Case-Shiller home
Houses for sale at a real estate summit & trade fair in Beijing, China. Zhang Peng | LightRocket | Getty Images U.S. homebuyers went on a buying spree during much of the coronavirus pandemic‘s first year. International buyers did just the opposite, though. Even with virtual options in place for property tours, sales of U.S.
simonlong | Moment | Getty Images Consumer losses due to Covid-related fraud top $500 million, according to data from the Federal Trade Commission. The agency has received more than 558,000 complaints from consumers related to the pandemic since the start of 2020. About 60% of the complaints were associated with fraud, citing an aggregate loss
Protesters surround the Los Angeles Superior Court on August 21, 2020 to prevent an upcoming wave of evictions in the city. Lucy Nicholson | Reuters Renters struggling with housing costs because of the pandemic have been shielded from eviction for nearly a year, but now the national ban on such proceedings will expire on July
The race to reduce carbon emissions is heating up, much like the planet itself is. But reducing emissions alone will not be enough to stop what’s happening. It is not even enough to reach the goal of the Paris climate agreement, which is to limit global in this century to 1.5 degrees Celsius above preindustrial
A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. Spencer Platt | Getty Images After four straight months of declines, sales of previously owned homes rose 1.4% in June month-to-month to a seasonally adjust annualized rate of 5.86 million