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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Home purchase applications have risen 54% since early April
CNBC's Diana Olick reports the latest mortgage application numbers. Read Article
Mortgage demand from homebuyers shows unexpectedly strong and quick recovery, as applications spike 9% from a year ago
It's not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Read Article
Fertitta says closed restaurants should not pay full rent: 'Everyone needs to feel some pain'
Landry's CEO told "Power Lunch" on Tuesday that landlords should not expect restaurants that have been closed due to coronavirus restrictions to pay rent. Read Article
New home sales strongest in homes priced below $300,000
CNBC's Diana Olick breaks down the latest new home sales amid the coronavirus pandemic. Read Article
New home sales rose slightly in April, defying expectations of a huge 22% drop, as prices fall
In perhaps one of the brightest economic readings since the start of the coronavirus pandemic, sales of newly built homes rose nearly 1% in April compared with March, according to the U.S. Census. While that may not seem like a lot, they were expected to fall 22%. Read Article
New home sales for April come in much stronger than expected
CNBC's Rick Santelli and Diana Olick detail the latest housing data which saw April new home sales increase. Read Article
Home prices gained strength as coronavirus shut down economy in March, S&P Case-Shiller says
Home prices were still gaining steam in March, as the country began shutting down in the face of the coronavirus pandemic. Read Article
Expect many post-pandemic bankruptcies, says Related Companies' Stephen Ross
Real estate continues to undergo massive changes because of the Covid-19 pandemic. Stephen Ross, founder and chairman of Related Companies and owner of the Miami Dolphins, joins "Squawk Box" to discuss what changes are coming to the industry. Read Article
At first, some who took the mortgage bailout didn't need it, but now most do
As of this week, 4.75 million homeowners are in government or private sector mortgage forbearance programs, according to Black Knight. That is 9% of all mortgages outstanding. New analysis, however, shows a large share of these borrowers initially didn't need the bailout, but now more do. Read Article
Businesses have opportunity to find 'hybrid solution' around working from home: ThirdWay founder
Ben Gillam, founder of ThirdWay, discusses the shift toward remote working amid the coronavirus crisis. Read Article