fstop123 | Getty Images After a substantial decline last week, the number of borrowers in coronavirus-related mortgage bailout programs dropped by a lot less this week. It’s a signal that homeowners still need a lot more help in order to recover from the ongoing economic ills of the pandemic. There are also indications that a new
getty The New York State Senate has once again placed New York City real estate directly in its sights. Last year the Senate considered a “pied-a-terre” tax bill, but the proposal was ultimately dropped in favor of an increased mansion tax, a far easier pill for buyers, sellers, developers, and real estate agents to swallow.
New York City cannot count on financial assistance from Washington to help it recover from the coronavirus pandemic, RXR Realty CEO Scott Rechler told CNBC on Friday. Instead, the real estate executive said the city’s leadership needs to be proactive in charting a path forward despite its budgetary challenges. “The answer can’t be, simply, that
Firefighters work to protect homes in Boulder Creek, Calif., on Friday, August 22, 2020. (Photo by … [+] Dylan Bouscher/MediaNews Group/The Mercury News via Getty Images) MediaNews Group via Getty Images Just before the CZU August Lightning Complex wildfire devastated the area, realtor Lance Hulsey listed a house just outside Big Basin Redwoods State Park.
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Mortgage rates just set another new low, and that means the number of borrowers who could benefit from a refinance hit a new all-time high. The average rate on the 30-year fixed mortgage fell to 2.86% for the week ending
Broker/Owner of Commercial Professionals in Las Vegas for over 25 years, professional speaker and author of The Successful Woman’s Mindset. getty The initial step into commercial real estate is often a challenge for new investors. Whether you already have experience investing in residential properties or this is your very first real estate venture, you likely have a
A man enters a building with rental apartments available on August 19, 2020 in New York City. Exodus out of New York has leaded the city into a highest number of retails and apartments left to rent after the Coronavirus pandemic. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images The number of
Mortgage delinquencies are expected to continue to rise this year. getty The nation’s serious delinquency rate for mortgage loans more than doubled from May to June, reaching its highest level since February 2015, according to a new loan performance insights report by property data analytics provider CoreLogic. Barring further government support, CoreLogic predicts serious delinquencies
As the pandemic rages on, many people have one less thing to worry about: Getting evicted. No-Mad | iStock | Getty Images What does the ban do? It bans evictions due to non-payment of rent in most residential properties between Sept. 4 and Dec. 31. Who’s eligible? You’ll need to attest on a declaration form that
How can racial discrimination in mortgage lending be prevented getty That is the thrust of a recent article by Diana Olick in CNBC, which she terms “An outrageous tale that reveals Black discrimination in the housing market.” Her information comes from Akili Akridge, a black applicant who “had all the right stats: a steady six-figure
Matt Cardy | Getty Images News | Getty Images U.K. house prices saw their biggest growth since 2016 in August, climbing to a record high, according to Britain’s longest-running barometer of the property market. The Halifax House Price Index, which is run by analysis company IHS Markit, found that U.K. house prices grew by 5.2%
The affects of indoor air quality is top of mind as we spend more time at home Is your vacuum spewing particles back into the air? picture alliance via Getty Images The EPA cites indoor air quality (IAQ) as one of the top five environmental risks to public health. Since the pandemic’s March shut down,
Rendering of Maude Park, Middlefield Park Source: Google When Google announced plans for its new Mountain View tech campus this week, it didn’t look like the Silicon Valley campuses that preceded it. It’s an even starker contrast from Apple‘s high-profile “spaceship” campus just several miles away, whose completed design garnered worldwide attention just two years
Median listing prices rose 19% in Philadelphia in August getty Realtor.com recently released the latest numbers on the country’s housing market. Economists crunched the numbers from August. Despite a 10 % year-over-year increase in the national median listing price to $350,000, the market is hotter and more competitive than ever. This current listing price growth is
Most renters in the U.S. are now protected from eviction until the end of the year, according to an order announced on Tuesday by the Centers for Disease Control and Prevention. The ban is unprecedented and could prevent millions of Americans from being forced out of their homes during one of the worst public health crises in
Corporate offices have become far more fluid in recent years, and that flexibility will be a key … [+] component of the next generation of WFH furniture. Teknion Is it befuddlement you seek? You’ll be well on your way to reaching that state if you try to gain clarity by poring over countless surveys, studies