Real Estate

Here are 3 budget strategies this couple used to pay off their $195,000 mortgage in under 4 years

Andy and Nicole Hill moved into their home at the end of 2013. The couple paid off their entire mortgage in under four years.

  • CNBC REAL ESTATE
  • June 22 @ 4:12 pm

Stephen Ross-funded group spent more than $1 million to influence New York City Council primary races

A super PAC funded mostly by Stephen Ross spent over $1 million on New York City Council races going into the official primary day.

  • CNBC REAL ESTATE
  • June 22 @ 3:19 pm

Stephen Ross funded group spent more than $1 million to influence New York City Council races

A super PAC funded mostly by Stephen Ross spent over $1 million in New York City Council races going into the official primary day.

  • CNBC REAL ESTATE
  • June 22 @ 2:14 pm

He’s 75 and facing eviction. Many other older renters are, too

Millions of Americans may soon face eviction. Two of them are Andrew Cleland, 75, and his wife, Carol, 82.

  • CNBC REAL ESTATE
  • June 22 @ 1:15 pm

Existing home sales in May drop for fourth straight month as affordability squeezes buyers

Sales of existing homes fell 0.9% in May to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors.

  • CNBC REAL ESTATE
  • June 22 @ 12:57 pm

May existing home sales drop for a fourth straight month as affordability squeezes buyers out

Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market.

  • CNBC REAL ESTATE
  • June 22 @ 9:02 am

Google closes its dedicated London start-up space

Google has decided “not to reopen” Campus in East London after it was forced to close by the coronavirus pandemic.

  • CNBC REAL ESTATE
  • June 21 @ 5:22 am

Invitation Homes CEO says he’s not worried about a housing bubble despite price spikes. Here’s why

“I would expect that home prices stay relatively stable, if not continue to grow in value,” Invitation Homes CEO Dallas Tanner told CNBC.

  • CNBC REAL ESTATE
  • June 18 @ 11:47 am

Chinese property demand is ‘fairly robust’ — Deutsche Bank explains why

Factors including urbanization and changing policies could underpin demand for China’s residential real estate, said Linan Liu of Deutsche Bank.

  • CNBC REAL ESTATE
  • June 17 @ 11:45 pm

Financial advisors shrug off Fed’s inflation, interest rate forecasts

The Federal Reserve sped up its timeline to raise interest rates and predicts higher inflation this year. Financial advisors don’t think it’s a big deal.

  • CNBC REAL ESTATE
  • June 17 @ 12:00 pm

Mortgage rates shoot higher after Fed Chairman Powell’s comments

Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.

  • CNBC REAL ESTATE
  • June 17 @ 11:40 am

Here are some money moves to make while the Fed keeps rates near zero

Rock-bottom rates can help some Americans save money, especially if they can pay down high-interest debt or take out a low-interest loan.

  • CNBC REAL ESTATE
  • June 16 @ 1:17 pm

Eviction protections for renters will extend beyond June in these locations

With millions of Americans still behind on their rent, some states and cities will continue to ban evictions after the national moratorium expires.

  • CNBC REAL ESTATE
  • June 16 @ 11:24 am

Mortgage refinances rebound as rates drop temporarily to lowest level in a month

After three straight weeks of declines, mortgage demand came crawling back, thanks to a drop in interest rates.

  • CNBC REAL ESTATE
  • June 16 @ 6:00 am

Lumber prices soar 275% in the pandemic, shutting out homebuilders: CNBC After Hours

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  • June 15 @ 4:56 pm

A Covid-era lease break for retailers looks set to become industry standard, WSJ reports

Flexible leasing agreements allowed retailers to manage costs and have been particularly helpful for new retailers, the Journal reported.

  • CNBC REAL ESTATE
  • June 15 @ 4:09 pm

With eviction ban expiring in 14 days, many states have given out under 5% of rental assistance

Many states have been slow to give out the billions of dollars in rental assistance allocated by Congress. That could soon result in a wave of evictions.

  • CNBC REAL ESTATE
  • June 15 @ 1:46 pm

Rents for single-family homes just saw the largest gains in nearly 15 years

With home prices sky-high, demand for single-family rental homes is soaring – and so are the rents. 

  • CNBC REAL ESTATE
  • June 15 @ 12:06 pm

Homebuilder sentiment drops to 10-month low, as construction costs drive prices higher

Rising construction costs are sidelining buyers and making it harder for some builders to get construction loans.

  • CNBC REAL ESTATE
  • June 15 @ 9:00 am

London’s most expensive penthouse offered in a whisper listing for $247 million

The nine-figure trophy flat, owned by London real estate developer Nick Candy, spans two floors at 9,000 square feet per level, with a total of five bedrooms.

  • CNBC REAL ESTATE
  • June 14 @ 11:51 am

This researcher is trying to flip the script about student loan forgiveness

Critics of student loan forgiveness say it would benefit the already well-off, since college degrees lead to higher earnings. New research suggests otherwise.

  • CNBC REAL ESTATE
  • June 12 @ 9:00 am

Redfin CEO says the housing market has cooled off slightly — and that’s a positive

“For the past couple of weeks, housing has been hot instead of blazing hot,” Redfin CEO Glenn Kelman told CNBC on Friday.

  • CNBC REAL ESTATE
  • June 11 @ 4:42 pm

A third of Americans found errors on their credit reports. Here’s how to fix those mistakes

Before you try to take out a mortgage or a car loan, check your credit report. It may have a mistake that could cost you.

  • CNBC REAL ESTATE
  • June 11 @ 11:22 am

A massive wave of evictions could be coming. Who’s at risk?

Even as the pandemic fades, more than 10 million Americans are behind on their rent. Single mothers and Black families are most at risk of eviction.

  • CNBC REAL ESTATE
  • June 11 @ 10:29 am

Homeowners got $2 trillion richer during the first three months of the year

Home prices have been soaring, so homeowners have been getting richer, at least on paper. The equity numbers are staggering.

  • CNBC REAL ESTATE
  • June 10 @ 7:37 am

Here are tips on whether you should eliminate that mortgage in retirement

Experts say retirees should consider a variety of factors when evaluating whether paying off their mortgage makes sense for their situation.

  • CNBC REAL ESTATE
  • June 10 @ 7:30 am

After a dramatic seven-year renovation, an $87 million mansion hits the market in Bel-Air

The Bel-Air mansion’s makeover was nearly a total teardown, its owner said. Only one wall from the old house is still standing.

  • CNBC REAL ESTATE
  • June 10 @ 6:00 am

This new community will have 21,000 homes – and net zero carbon emissions, developer says

More than 21,000 homes are going up in a new community that its developer says will be the largest net-zero development in the nation.

  • CNBC REAL ESTATE
  • June 9 @ 9:47 am

Mortgage rates drop, but not enough for priced-out homebuyers

Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand.

  • CNBC REAL ESTATE
  • June 9 @ 6:00 am

Lumber executive sees further relief in sky-high prices, says delaying building projects makes sense

Lumber industry veteran Kyle Little said it’s sensible to delay building projects due to high wood costs. “We do see some relief over the next six to 12 months.”

  • CNBC REAL ESTATE
  • June 8 @ 2:19 pm

Salesforce CEO Marc Benioff expects half or more of employees to work from home after the pandemic: ‘The past

In an interview on Monday, Salesforce CEO Marc Benioff said that the number of employees working from home will remain high even after the Covid pandemic ends.

  • CNBC REAL ESTATE
  • June 7 @ 3:06 pm

Salesforce CEO Marc Benioff expects more than half of employees to work from home after the pandemic: ‘The pa

In an interview on Monday, Salesforce CEO Marc Benioff said that the number of employees working from home will remain high even after the Covid pandemic ends.

  • CNBC REAL ESTATE
  • June 7 @ 2:24 pm

Rare activist investor showdown in the Gulf sees Dubai’s Emirates REIT cancel debt restructuring plan

Emirates REIT’s lenders blocked its planned changes and raised “serious concerns” about its transparency and governance. 

  • CNBC REAL ESTATE
  • June 7 @ 8:47 am

With many Americans house rich, here are the best ways to tap your home for cash

The amount of money borrowers can take out of their homes, or so-called tappable equity, is at a record high. If you want to cash out, here are your options.

  • CNBC REAL ESTATE
  • June 4 @ 11:15 am

This renter got more than $5,000 in assistance. Here’s what you need to know about applying

After a rocky start, states are speeding up their distribution of over $45 billion in rental assistance. What you need to know about applying for the relief.

  • CNBC REAL ESTATE
  • June 4 @ 9:41 am

The best ways to tap your house for cash

The amount of money borrowers can take out of their homes, or so-called tappable equity, is at a record high. If you want to cash out, here are your options.

  • CNBC REAL ESTATE
  • June 4 @ 9:35 am

More than 14% of renters are still behind as national eviction ban comes to an end

Even as the pandemic fades, more than 14% of renters are behind on their rent, according to an analysis by The Center on Budget and Policy Priorities.

  • CNBC REAL ESTATE
  • June 3 @ 3:00 pm

The national eviction ban expires this month. But renters still have protections in these states

A 10-month-long national ban on eviction will soon expire, but renters in New York, New Jersey, Vermont and elsewhere will continue to have protections.

  • CNBC REAL ESTATE
  • June 3 @ 11:18 am

How to avoid overspending in this hot housing market

You have to have a clear plan in place before you start looking for your next home, experts say.

  • CNBC REAL ESTATE
  • June 3 @ 9:11 am

Why it may be hard to close the racial wealth gap without forgiving student debt

Biden wants to close the racial wealth gap. But without forgiving student debt, activists say, he won’t get far.

  • CNBC REAL ESTATE
  • June 2 @ 11:27 am

Housing boom may be cooling as weekly mortgage demand drops again

High prices and low supply are finally taking some of the heat out of the housing market, and mortgage demand is following suit.

  • CNBC REAL ESTATE
  • June 2 @ 6:00 am

Millions of Americans could face eviction as housing protection expires in June

More than 11 million Americans are behind on their rent and many could face eviction when national housing protection expires in June.

  • CNBC REAL ESTATE
  • May 31 @ 8:10 am

Young military families tap veteran benefits to buy homes in a hot real-estate market

“Veterans are absolutely planting roots in communities across the country,” said Chris Birk, director of education at Veterans United, a lender for homebuyers.

  • CNBC REAL ESTATE
  • May 29 @ 9:37 am

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office

Free food, once a perk more common at tech giants like Alphabet and Facebook, is one of the tools in getting workers to embrace office life again.

  • CNBC REAL ESTATE
  • May 28 @ 6:01 am

To get in on the hot housing market, you may have to raise your credit score. Here’s how

Your credit score determines your mortgage rate, and whether you can even get one at all.

  • CNBC REAL ESTATE
  • May 27 @ 1:35 pm

Biden’s bid to tax inherited assets could be a documentation nightmare for wealthy heirs

Wealthy families may have to dig through decades of documents to figure out the taxes on an inheritance if this Biden proposal becomes a reality.

  • CNBC REAL ESTATE
  • May 27 @ 12:12 pm

Best Buy says hot housing market is boosting demand for TVs, home consultations

Best Buy CEO Corie Barry said the company has benefited from selling products and offering home installations as people move into new houses or remodel.

  • CNBC REAL ESTATE
  • May 27 @ 10:31 am

Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 20

In a hearing Wednesday, Senators asked the CEOs of Bank of America, Chase and Wells Fargo about when they plan to restart mortgage foreclosures.

  • CNBC REAL ESTATE
  • May 27 @ 10:06 am