Investors in commercial real estate, who say they have been patient with missed payments as COVID-19 emptied malls and office buildings, are pushing back. Unwilling to risk any more financial losses, real estate investors, including hedge funds and private equity firms, are taking property owners...
Home loan applications overall fell 0.8 percent last week as rates on FHA loans rose, according to the Mortgage Bankers Association (MBA). Michael Fratantoni, the MBA’s chief economist, said conventional mortgage rates remained near record lows, in the 3 percent range, for the week ending...
Chinese property industry disruptor KE Holdings Inc. has filed for an initial public offering (IPO) in the United States that could notch approximately $2 billion of funding for the company, which is alternatively referred to as Beike Zhaofang and is supported by Tencent Holdings Ltd.,...
First-time home buyers and homeowners seeking to refinance have been busy online this year. Google Trends reports the most searched mortgage-related questions in 2020 in the U.S. include: What is a mortgage? What is PMI? Should I refinance? What is APR? What is escrow? In...
Existing home sales rebounded in June, a sign that the nation’s real estate market is making a comeback, but year-over-year transactions are still off by double digits, according to data released by the National Association of Realtors (NAR) on Wednesday (July 22). After three consecutive...
Toronto’s population may be flat, but that hasn’t stopped the region’s developers from building apartments in the country’s financial capital at near record levels. Bloomberg News reported 13,358 units were under construction in the Toronto area in the second quarter, a nearly 40-year high, according...
Health is driving consumer decisioning, with the chief executive of one homebuilder noting that wellness – along with the need for more space, historically low interest rates and the reality of people moving out of cities – is serving as a motivator for homebuyers. “The...
As the pandemic upends their entire business model, malls are turning to their own parking lots as new sources of revenue for events like outdoor concerts or drive-in movies, CNBC reports. The move, on the part of many event organizers, is intended to replace how...
Travelex founder Lloyd Dorfman, in a show of confidence in the U.K. capital’s office market, has bought an office in London, Bloomberg reports. Dorfman spent 40 million pounds, or $50 million, and purchased space near Soho Place, an office block and theater near the Tottenham...
