Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Pandemic home remodeling is booming: Here's what your neighbors are doing
Sheltering in place has homeowners wanting to improve their places. Demand for home remodeling soared in June, with outdoor spaces the most popular projects. Read Article
Cushman & Wakefield CEO on the timeline to an office space demand recovery
Cushman & Wakefield CEO Brett White joins CNBC's "Squawk on the Street" team to break down its earnings and how he anticipates office space demand to recover eventually. Read Article
New York real estate expert Bill Rudin on the outlook for the sector
Manhattan's West Side is becoming a destination for Big Tech. Facebook recently inked a deal to lease 730,000 square feet of office space in the Farley Building in midtown Manhattan. Bill Rudin, CEO and co-chairman of Rudin Management Company and chairman of the Real Estate Board of New York, joins "Squawk Box" to discuss the commercial real estate market as well as how the pandemic is affecting the residential market. Read Article
Hong Kong's MTR to delay new mall opening amid new coronavirus wave, CEO says
Lohas Mall's phase one opening in Hong Kong will be postponed to a "better time" given current movement restrictions during the pandemic, says Mass Transit Railway Corporation CEO Jacob Kam. Read Article
China is still a 'bright spark' in CapitaLand's portfolio, says group CFO on virus impact
Despite CapitaLand's "challenging profit picture" so far in 2020, there have been "very encouraging signs" among our businesses in China, which went "first into the pandemic but also first out," says Andrew Lim, group chief financial officer. Read Article
Dan Gilbert says acquisitions may be ahead for Rocket Companies as it debuts on NYSE
"We want to use our stock as currency and potentially acquire more fintech organizations and put them in the mold," said Rocket Companies founder and chairman Dan Gilbert. Read Article
Mortgage rates hit another record low, but homes are still less affordable
Mortgage rates fell to yet another record low this week, the eighth record set this year, but home affordability is still weakening. The housing shortage, high demand from buyers and rising home prices are negating the benefits of lower rates. Read Article
Rocket Companies CEO on the mortgage market and refinancing boom
Quicken Loans parent Rocket Companies priced its IPO at $18 per share, and raised $1.8 billion. Rocket Companies CEO Jay Farner joins "Squawk Alley" to discuss the mortgage market and his company's IPO. Read Article
Manhattan apartment sales plunge due to Covid-19
CNBC's Robert Frank reports a sharp decline in Manhattan rentals as people move away from big cities to the suburbs due to Covid-19. Read Article
Pelosi: Trump could extend moratorium on evictions with an executive order
House Speaker Nancy Pelosi told CNBC's Jim Cramer President Trump can and should extend the moratorium on evictions. She added the moratorium would not be enough on its own and renters and landlords alike will eventually also need money in their pockets. Read Article