Real Estate

Opendoor cofounder and chief technology officer Ian Wong. Opendoor The market reacted kindly yesterday to news that Opendoor, a technology startup that lets customers rapidly sell their homes, will go public through a merger with a blank-check company. Shares of its soon-to-be acquirer soared 35% during normal trading hours, before falling 7% early on Wednesday. 
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Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images With demand for housing surging, the nation’s homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on
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Chamath Palihapitiya Olivia Michael | CNBC Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.”  After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s found his next target: Opendoor, an online marketplace for buying and
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Rendering of proposed eco-village in Harrisburg, Pennsylvania Murray Associates & The Bridge Former NFL athletes Garry Gilliam and Karlos Dansby have joined forces in a national effort to revitalize underserved neighborhoods by transforming abandoned properties such as schools, shopping centers and warehouses into sustainable mixed-use eco-villages with housing, retail, co-working, urban agriculture, education centers and
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More than 14 years in the making, ultra-luxury condominium building One Steuart Lane is getting closer to welcoming visitors in Spring 2021. Located in San Francisco’s lively and scenic Embarcadero neighborhood with views of the Bay Bridge and Ferry Building, One Steuart Lane, owned by Paramount Group, Inc., celebrated its official topping off in mid-August.
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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
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Joe and Ali Olson retired when they were 29 years old. The former teachers invested most of their income into real estate in the aftermath of the 2008 housing crisis. Once their properties generated enough income to replace their salaries, they quit their jobs. Here’s a detailed look at how the couple was able to
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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
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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%
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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,
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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
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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
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Late Tuesday, as temporary, coronavirus-related eviction protections in several states had expired, the Trump administration announced a somewhat creative plan to stop most rental evictions through the end of the year. The White House issued an order through the Centers for Disease Control and Prevention that declared evictions during a pandemic are a national health
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Scott Mlyn | CNBC After holding flat for a couple of weeks, the number of borrowers in public and private coronavirus-related mortgage bailout programs saw a much bigger improvement than expected. Most still in getting aide, however, have extended their terms, suggesting they are still unable to get current on their home loans.  The number
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