Real Estate

Exterior Jacob Elliot Not even a celebrity name is immune to a price reduction in the softening market of San Francisco. As one of the most expensive real estate markets in America, the city might be on the cusp of seeing something it hasn’t seen in a very long time: a buyers’ market. By the

Jb Reed | Bloomberg | Getty Images The number of borrowers in government Covid-19-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising. This suggests that there is still pain ahead in the mortgage market, as some borrowers are simply not recovering enough financially to afford their home loans. The

Tim Curran is the CEO of Building Engines, the modern building operations platform for commercial real estate. Getty After months of being closed or at extremely low capacity, office buildings are cautiously moving towards re-occupancy. However, getting people back into buildings is a complex matter, and it’s made even more so given the severity of Covid-19.

Commercial real estate stocks are bouncing back this week after taking a big hit. Shares of SL Green, Manhattan’s biggest office landlord, are up 14 percent. On Monday, SL Green unveiled a $3 billion, 77-story new office tower in midtown, showing the company is betting on a future that includes workers going back into the

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. 

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

Eric Wu, CEO of OpenDoor, speaks at a conference in 2018. (Photo by David Paul Morris/Bloomberg) © 2018 Bloomberg Finance LP Opendoor, an online platform that lets homeowners quickly sell their houses, announced on Tuesday that it will go public through a merger with Social Capital Hedosophia Holdings II, a shell company helmed by Chamath

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

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

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

A unit in The Broad Exchange Building in Manhattan’s Financial District, likely to be one of the … [+] city’s last rental-to-condo conversions. The Broad Exchange Building It’s a common situation for New York City renters – their rental building is going condo (or, as was the case a couple of decades ago, co-op). But

Big cities across the country are seeing a rise in listings as people move to the suburbs. According real estate company Compass, search traffic has more than doubled with searches for outdoor spaces and pools up substantially since March. Robert Reffkin, CEO and founder of Compass, joins “Squawk Box” to discuss. 04:25 20 minutes ago

The duplex apartment has three terraces. Elegran Actor Anthony Edwards, best known for roles in the movie Top Gun and TV series ER, is selling his prewar penthouse on Manhattan’s Upper East Side. Edwards, who played Goose to Tom Cruise’s Maverick in the 1986 Air Force movie and Dr. Mark Greene on the first eight

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

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.

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

Taxes are an expense we all have, not really an opportunity. Yet if you play your cards right, tax savings and opportunities can now go together in a big way. The big federal tax bill passed in the closing days of 2017 is loved or hated by some, but few provisions have sparked as much

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

Arian Nemati is Co-Founder and CEO at ADEx and Ecognitionlabs.com, an AI research and development company. getty With approximately 11% of Americans out of work in June of 2020 and 82% of small business owners reporting they are concerned or very concerned about the potential impact of the virus on their business, it might seem at first glance that

The development is located in the St George area of Bristol, England. Jon Craig Photos Whether it’s sky-high apartment blocks, low-rise housing or converted shipping containers, the buildings we occupy come in all shapes and sizes. In Bristol, England, one development is attempting to address the city’s housing needs through a modular design that places

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

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

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

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

David is CEO of Move, Inc./realtor.com. Realtor.com makes buying, selling, and living in homes easier and more rewarding for everyone. getty Before I joined realtor.com, I thought of online home search the way most people probably do — a way to look at pretty pictures of homes, dream about where my family and I might live, and

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