Real Estate

Homebuyer mortgage demand spikes 33% as rates set another record low

After a brief pullback at the end of June, homebuyers rushed back into the mortgage market last week, taking advantage of record-low mortgage rates. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33%...

Homebuilder Taylor Morrison reports record June sales

Taylor Morrison Home Corp. signage stands in front of homes under construction at the La Solara Community in Dublin, California. David Paul Morris | Bloomberg | Getty Images Ultra-low mortgage rates, a shortage of existing homes for sale and strong...

Home sales are ‘strongest’ in Texas, Arizona and other coronavirus hot spots, Taylor Morrison...

Homebuilder Taylor Morrison posted record sales last month and saw the best output come from coronavirus hot-spot states, CEO Sheryl Palmer told CNBC on Wednesday. Home sales for the company nearly doubled in the month of June. "We have seen,...

China’s economic recovery story is a ‘mixed picture’: China Beige Book

China's property sector has seen high infrastructure spending in the second quarter, which could further drive inflation up as the country attempts to stimulate economic growth, says Leland Miller of China Beige Book International. But retail and consumption don't...

Op-ed: How the widening wealth gap became color-blind

Jamie Grill | Getty Images I was raised one and two sentences at a time, my father's clichés serving up life lessons at the kitchen table, after baseball practice or on the way home from school. He didn't...

Consumers, especially renters, are feeling much better about buying a home

Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a "controlled" open house on May 2, 2020...

Refinancing your mortgage could put cash in your pocket — here’s how to find...

MoMo Productions With mortgage rates at record lows, it's no wonder many Americans are refinancing their homes. Add to that the coronavirus pandemic and the economic recession, and the need to find extra cash or to cut expenses becomes...

Coronavirus mortgage bailouts see largest one-week drop

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‘Interest-only’ mortgages might make sense in some situations, but beware the risks

If you're in the market for a house and are considering an "interest-only" mortgage, proceed with caution. With tightened lending standards amid ongoing economic uncertainty — coupled with continually rising home prices and persistent low interest rates — some borrowers...

Commercial mortgage delinquencies surged at record monthly rate in June

Pedestrians walk past commercial real estate in Manhattan. Michael Nagle | Bloomberg | Getty Images Delinquencies in commercial mortgage-backed securities last month had their largest one-month surge since Fitch Ratings began tracking the metric nearly 16 years ago. The delinquency rate...

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