You might have a tough time getting a 'jumbo mortgage' during pandemic. Here's what to expect
Banks and lenders remain more cautious about making loans for home purchases or mortgage refinances that are higher than the government limits for so-called conforming loans. Here's how to find a "jumbo" loan and what the requirements may be.Source: Real Estate | 14 Jul 2020 | 7:13 am(NZT)
Homebuilders just saw the strongest June sales since the last housing boom, as pandemic pushes more buyers to the suburbs
A sharp decline in the supply of existing homes for sale, increasing consumer preference for brand-new, high-tech homes with all the amenities for working and schooling, as well as an accelerating flight to the suburbs and exurbs, made for remarkable housing demand in June.Source: Real Estate | 14 Jul 2020 | 3:51 am(NZT)
Apple to spend $400 million this year to fight California's housing crisis
It's part of a total $2.5 billion Apple says it will spend on the initiative over several years.Source: Real Estate | 14 Jul 2020 | 3:03 am(NZT)
June new home sales spike as real estate market heats up
Real estate markets across the country are heating up and a new, exclusive report shows that June new home sales saw the biggest spike in nearly a decade. CNBC's Diana Olick reports.Source: Real Estate | 14 Jul 2020 | 2:53 am(NZT)
Reverse mortgages may be helpful in retirement ... if you mind the pitfalls
Homeowners 62 or older can get cash from their home without selling, but here's what to know about a reverse mortgage before you sign onto this loan.Source: Real Estate | 14 Jul 2020 | 12:34 am(NZT)
PropertyGuru explores Singapore's property buying sentiment in pandemic era
Access to financing and lower bank loan rates will be particularly critical to younger buyers in Singapore's property market, as the coronavirus pandemic continues to drive ongoing pricing uncertainty, says Hari Krishnan, CEO and managing director at PropertyGuru Group.Source: Real Estate | 13 Jul 2020 | 8:23 pm(NZT)
Real estate, bank sectors in Singapore are still competitive, exchange says
Geoff Howie of the Singapore Exchange discusses the competitive outlook for the Straits Times Index and Singapore's banking and real estate sectors.Source: Real Estate | 13 Jul 2020 | 7:53 pm(NZT)
Property developers rush to attract Hong Kong residents amid uncertainty over new law
Amid economic recession and uncertainty over China's National Security Law, global real estate firms are trying to get Hong Kong residents to buy abroad.Source: Real Estate | 13 Jul 2020 | 6:19 pm(NZT)
Looming evictions may soon make 28 million homeless in U.S., expert says
"We have never seen this extent of eviction in such a truncated amount of time in our history," housing expert Emily Benfer said.Source: Real Estate | 12 Jul 2020 | 3:10 pm(NZT)
Home buying and selling went virtual during the pandemic. Can it stay that way?
Zoom video calls and virtual walkthroughs became real estate mainstays during coronavirus, but the need for physical home tours is not likely to go away.Source: Real Estate | 12 Jul 2020 | 2:00 am(NZT)
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings
The move shows how Wells Fargo, the largest U.S. mortgage lender and biggest player in jumbo mortgages, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on its balance sheet.Source: Real Estate | 11 Jul 2020 | 3:00 am(NZT)
'Shark Tank' investor Herjavec: We're about to see biggest exodus from cities in 50 years
"I recently moved out of Los Angeles into a suburban area, and I can tell you on a very personal level, my area is on fire," "Shark Tank" investor Robert Herjavec told CNBC.Source: Real Estate | 11 Jul 2020 | 1:22 am(NZT)
Coronavirus mortgage bailout sees biggest one-week decline, but more borrowers are extending terms
The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire.Source: Real Estate | 10 Jul 2020 | 11:34 pm(NZT)
Covid-19 mortgage bailouts drop by 435,000 but extensions increase
The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire. CNBC's Diana Olick reports.Source: Real Estate | 10 Jul 2020 | 11:33 pm(NZT)
Two stocks could be the best play to ride housing boom, says Oppenheimer's Ari Wald
Ari Wald, Oppenheimer head of technical analysis, discusses how to trade the housing sector and several of its ETFs, with CNBC's "Fast Money" traders.Source: Real Estate | 10 Jul 2020 | 10:09 am(NZT)
CEO of Century 21 parent says suburban home search is up across the country, following New York's lead
"In every urban geography, the web traffic ... has changed, versus 6 to 12 months ago, to be much more suburban," Realogy CEO Ryan Schneider said.Source: Real Estate | 10 Jul 2020 | 7:48 am(NZT)
Evictions could hit crisis level—Here's how it's impacting real estate trends
CNBC's Kelly Evans breaks down the threat of evictions amid coronavirus and trends in the housing sector with CNBC's Diana Olick and Ryan Schneider, CEO of Realogy.Source: Real Estate | 10 Jul 2020 | 5:33 am(NZT)
U.S. may need another 1 billion square feet of warehouse space by 2025 as e-commerce booms
With online sales proliferating during the coronavirus pandemic, the U.S. is going to need more warehouses to store hoards of boxes and handle those orders.Source: Real Estate | 10 Jul 2020 | 4:51 am(NZT)
Your income took a hit. Now what?
About half of Americans have lost some household income because of the pandemic. Here's what you can do to strengthen your situation.Source: Real Estate | 10 Jul 2020 | 2:20 am(NZT)
Empty Manhattan apartments reach record levels, landlords slash rent
The number of apartments listed for rent in Manhattan reached record levels in June, as brokers remained unable to host showings and more renters left the city, according to a new report.Source: Real Estate | 10 Jul 2020 | 2:01 am(NZT)
