Real Estate

WeWork is offering some of its employees $100 a day if they feel comfortable coming into work amid the coronavirus outbreak.  Earlier this week, WeWork’s COO Shyam Gidumal offered members of the company’s community teams a bonus worth $100 a day or up to $500 week through the month of April as an extra reward

WeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020. David A. Grogan | CNBC WeWork is telling investors it has enough cash on hand to execute its long-term plans and weather the near-term challenges posed by COVID-19.  In a seven-slide deck

Lawmakers are working to reach an agreement on a massive stimulus package to combat the economic impact of coronavirus. Real estate investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial mortgages are on the brink of collapse and that we are seeing the beginning of “a second crisis that will occur in the

A woman looks at real estate listings outside a Berkshire Hathaway Home Services office in Montclair, N.J. Adam Jeffery | CNBC An increase in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market. Total mortgage application volume fell 29.4% last week from

Rows of houses in Las Vegas. Jacob Kepler | Bloomberg | Getty Images Last week the regulator for mortgage giants Fannie Mae and Freddie Mac announced a forbearance program for borrowers unable to pay their loans due to the effects of the coronavirus. The Department of Housing and Urban Development, which includes the FHA loan

A sign marks the location of a WeWork office facility on August 14, 2019 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Five months after SoftBank agreed to a massive bailout of office-sharing start-up WeWork, a big part of the deal is in jeopardy of falling apart. A special committee to

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The spring housing market was on its way to becoming the strongest in over a decade, but it will likely turn sharply lower, as the economy shuts down in

Wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley, with rates more than tripling for some properties. As New York City considers “shelter in place” rules and the number of coronavirus cases skyrockets, New Yorkers who can afford it are decamping to more rural locales.

A For Sale sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images As Americans sit at home watching the value of their retirement funds crater, it is no surprise the spring housing market is about to crater as well. Home sales could fall by 35% annually this spring,

As the growing economic impacts of the coronavirus roll through the nation, some of the nation’s largest mortgage lenders are already getting calls from borrowers, concerned they won’t be able to make their monthly payments. Both government and independent regulators for the mortgage industry are now working on plans to deter another foreclosure crisis. While

SoftBank founder Masayoshi Son (L) and WeWork founder Adam Neumann. Getty Images SoftBank may be walking away from part of its bailout of WeWork by not completing its $3 billion tender offer for the office space startup, according to people familiar with matter. SoftBank had planned a $3 billion tender offer for WeWork shares, which

Residential buildings Central Park Tower and 220 Central Park South (left) rise above Columbus Circle on December 26, 2018 in New York City. Gary Hershorn | Corbis News | Getty Images Plunging stocks and coronavirus fears are starting to hit the New York City real estate market. There were 44 open houses that had zero

A real estate agent, left, talks to potential homebuyers during an open house in the 16th Street Heights neighborhood of Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Mortgage rates are primed to fall again after the Federal Reserve’s latest dramatic policy moves to combat the economic impact from the deadly coronavirus pandemic. The

Daniel Trumbower was working from home in Monrovia, Maryland, in early February when his wife called: A tornado warning had been issued for their town. Initially dubious — a tornado in Monrovia? Yeah, right — he looked outside to check the sky and saw a large, heavy-duty garbage can soaring through the air. He ran

Daniel Acker | Bloomberg | Getty Images After falling to a record low just two weeks ago, mortgage rates are surging higher again. This as real estate agents try to deal with a new normal in what was supposed to be a busy spring housing market. The average rate on the 30-year fixed fell to

Contractors position a wall frame during construction of a new home in Walnut, Illinois. Daniel Acker | Bloomberg | Getty Images Stocks of the nation’s homebuilders are tanking, on pace for their worst day since December 1, 2008, when the subprime mortgage crisis brought the whole housing market to its knees. A combination of factors

An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Another major drop in mortgage rates caused a massive jump in borrowers applying to refinance their home loans. The surge sent total mortgage application volume up 55.4% last week from

A woman looks at real estate listings outside a Berkshire Hathaway Home Services office in Montclair, N.J. Adam Jeffery | CNBC Rock-bottom mortgage rates are causing a surge in mortgage refinances, so much so that the industry’s largest trade group is revising sharply higher its origination forecasts for the year. The Mortgage Bankers Association is

Patrick T. Fallon | Bloomberg | Getty Images A sharp drop in mortgage interest rates has sparked a sudden and unexpected refinance boom that has lenders large and small scrambling to handle the volume. That stress on the lending market, as well as increased risk to mortgage investors from all those refinances, is actually keeping

A for rent sign advertising a row house in northeast Capitol Hill, is pictured on Monday, August 26, 2019, in Washington D.C. Tom Williams | CQ-Roll Call, Inc. | Getty Images Investors are looking for the calm in the coronavirus storm, and U.S. residential real estate appears to be it, specifically single-family rental homes. These

The Salesforce Tower stands in San Francisco, California, U.S., on Monday, May 21, 2018.  David Paul Morris | Bloomberg | Getty Images SAN FRANCISCO — John Elberling has a drastic plan to address the city’s housing crisis: no more new skyscrapers. Or at least a trade off. The city of San Francisco allows for a

The average rate on the 30-year fixed mortgage fell to a record low of 3.29%, Freddie Mac reported this week. That’s down from the previous low of 3.31% in November of 2012, in the wake of the financial crisis. Fears of the coronavirus hitting financial markets have pushed bond yields down, yields which mortgage rates

In a rare move, the Federal Reserve announced an emergency rate cut of 50 basis points in response to the growing threat from the coronavirus outbreak. It’s the first time the Fed has cut rates by half a percentage point since late 2008.  “The fundamentals of the U.S. economy remain strong,” Fed Chairman Jerome Powell said

For everyday Americans, there’s some good news to the coronavirus fears that are driving investors to safe-haven investments likeTreasurys.  The yield on the benchmark 10-year Treasury note, which moves inversely to price, sank more than 11 basis points to an all-time low of 0.906% on Tuesday in the wake of an emergency rate cut by the

When it comes to real estate, $1 million doesn’t go as far as it used to — especially in the world’s top cities. In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate, according to a report from real estate brokerage firms Douglas Elliman

Getty Images As a general rule, the higher your credit score, the better off you are. However, a missed payment or default can quickly drag your score down, sometimes significantly. As many consumers know, your credit score plays a big role in daily life. It can determine the interest rate you’ll pay for credit cards,

A woman with a facial mask passes the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images It’s no secret that coronavirus fears have infected the market and prompted concerns about a potential global economic downturn. Yet even amid scary headlines

Communal living space in California Source: Haven There’s a new solution for millennials struggling with rising rents, but it has a familiar feel. Communal living, or co-living, brings together a group of people, likely strangers, in a shared space. Often, there are private sleeping quarters but the kitchens and work areas are communal spaces. It’s

Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images As coronavirus fears send bond yields tumbling, the average rate on the popular 30-year fixed mortgage fell Friday morning to 3.23%, an 8-year low, according to Mortgage News Daily. The 30-year fixed loosely follows

A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Pending home sales in January rose 5.2%, the National Association of Realtors said Thursday, crushing analysts’ expectations of a 2% monthly gain. They were 5.7% higher on an annual basis. “This month’s solid activity — the