Real Estate

Canopy by Hilton Jersey City Arts District is now accepting reservations Aerial panorama of Jersey City skyline at sunset. Getty It’s not exactly an ideal time to open a new hotel, however Canopy by Hilton has doubled down this month with the opening of not one but two new hotels, including the Canopy by Hilton

U.S. consumers have purchased homes at record levels as low mortgage rates encourage demand. U.S. home ownership rose to 67.9 percent in the second quarter, the highest level in more than 10 years, according to the Commerce Department. Eric Lipar, LGI Homes CEO and chairman, join “Closing Bell” to discuss. 05:06 2 minutes ago

School psychologist Dr. Roseann Capanna-Hodge has been working with young people for decades. Dr. Roseann Capanna-Hodge / (c) 2019 Emily Mygatt Lee There’s a heated debate taking place around the country about whether schools should reopen for in-person classes this month, when many traditionally welcome students back to campus.  Numerous districts – including some of

Courtney Davis Source: Courtney Davis In a few weeks, Courtney Davis will give birth to her first child, a son, Bentli Jaymes. In the meantime, she’s afraid that she won’t have a home to bring him back to.  “My biggest concern is becoming homeless right now,” Davis, 23, said. Without an extension of a federal

In San Francisco, one and two-bedroom rents are down more than 11% since this time last year. getty While the rental market remains far from robust, two important factors — rent decreases in the country’s most expensive cities and rent increases in more affordable cities — suggest the coronavirus pandemic is causing a squeezing effect

Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the coronavirus pandemic, you’re definitely not alone.  Up to 40 million Americans may lose their homes in this downturn, four times

Pre-covid, a table in an active adult community developer’s welcome center shows remaining inventory … [+] in various sections. Photographer: Patrick T. Fallon/Bloomberg BLOOMBERG NEWS Florida has had some well-publicized challenges lately, but homebuilders statewide are seeing a continued rebound of demand from buyers that surprises even them. Building company executives and owners I’ve spoken

Vodafone’s heat-detection camera captures a person walking into an office building. Vodafone As employers around the world figure out how best to return workers to the office, tech companies are hoping that gadgets and software could help the process. The coronavirus pandemic and resulting lockdowns have left offices around the world empty. And while there’s

As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its

Couple buying a new house. PeopleImages | Getty Images A Roth individual retirement account is often cited as a way to save for your golden years. It could  also help you buy a house. In a nutshell, up to $10,000 in earnings can be withdrawn from such an account — free of both taxes and

Shot of Corridor in Working Data Center Full of Rack Servers and Supercomputers with Blue Neon … [+] Visualization Projection of Data Transmission Through High Speed Internet. getty In a nutshell, QTS Realty kicked off data center REIT earnings last week hitting on all cylinders and raising FY 2020 Guidance across the board, including revenue,

The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens

DIVIDENDS CONCEPT getty WACC is an acronym that stands for “weighted average cost of capital” and this is one of the most important metrics we use in the REIT sector. The WACC is similar to the required rate of return that an investor expects from his investment in a certain project. The WACC is a

Timothy Young and his family Source: Timothy Young On Monday, July 27, two days after the eviction moratorium in Maryland expired, Timothy Young, his wife, Tammy, and their two children, Hermione, 8, and Negan, 2, scrambled to move out of their duplex. They’d received their notice to vacate.  Young estimates that he’s applied to more

Couple and receptionist at counter in hotel wearing medical masks as precaution against virus. Young … [+] couple on a business trip doing check-in at the hotel Getty Prior to the Covid pandemic, hotel occupancy rates were hitting record highs and average daily rates (ADRs) were rising. Now, with the possible exception of restaurants and

People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit

Real estate agents could have their license revoked if they engage in racial discrimination on the … [+] job. getty After a newspaper investigation uncovered widespread race-based discrimination in the Long Island housing market, New York has passed a bill that puts a real estate agent or broker’s license on the line if they are

Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Home prices continued to rise in May, albeit at a slightly slower pace than they did in April — likely due to the brief but sharp slowdown in home sales as the coronavirus

Real estate agents and real estate brokers, on average, earn higher salaries than the national … [+] average for all occupations, $53,490. getty Last year, we took a look at how much real estate agents earn on average in all 50 states based on data from the Bureau of Labor Statistics’ (BLS) 2018 Occupational Employment

A family is evicted from their Longmont, Colorado, home in September 2011. John Moore | Getty Images News | Getty Images An unprecedented eviction crisis will soon hit the U.S.  On Friday, the federal moratorium on evictions in properties with federally backed mortgages and for tenants who receive government-assisted housing expired. The Urban Institute estimated that provision

Gary Sinise channeled his paraplegic Lt. Dan character from Forrest Gump into a foundation that … [+] builds accessible homes for wounded warriors. Gary Sinise Foundation If you’re a wheelchair user or have other physical conditions that impact your use of public and commercial spaces, July 26 is a date worth celebrating. Thirty years ago

Peopleimages | E+ | Getty Images Financing a home might be more accessible than you think. You’ve probably heard of Fannie Mae and Freddie Mac, two entities created by Congress that buy and guarantee mortgages through the secondary mortgage market to expand opportunities for homeownership and affordable rental housing. “Those are the biggest chunk [of home

The CARES Act eviction ban expires today. Here are the bills in Congress that aim to offer further … [+] assistance for struggling renters. getty The CARES Act eviction moratorium expires today, as the U.S. House and Senate are yet to engage in discussions how to support renters in the protracted economic downturn amid rising

The CEO of Bloomin’ Brands, the parent company of restaurant chains such as Outback Steakhouse and Bonefish Grill, told CNBC on Friday that it is not experiencing rising food costs, rather that beef and seafood costs have “been an opportunity” during the pandemic.  “There was some concern about the supply chain. That did not materialize like we

getty Homebuilder stocks DR Horton, KB Home, Lennar, PulteGroup and Toll Brothers are not cheap after rising 141% to 237% from lows set between March 18 to March 23. DR Horton and Lennar set all-time intraday highs on Thursday, July 23. Longer-term homebuilders are a buy when their P/E ratios are 8% and lower. Today

Blake Nissen | The Boston Globe via Getty Images If there is an upside to all the pandemic-induced uncertainty in the economy, it’s the rock-bottom mortgage rate bonus for homeowners and homebuyers. The average rate on the popular 30-year fixed just fell to another record low — 2.87%, according to Mortgage News Daily. That is

A Landon Homes LP “Sold” sign is displayed at the Lexington Country development in Frisco, … [+] Texas, U.S. Photographer: Laura Buckman/Bloomberg © 2018 Bloomberg Finance LP Despite the double-whammy of an oil price collapse and a global economic shutdown, the housing market in Texas is hotter than a stolen tamale. New home permitting activity

View from a luxury rental at West Half, overlooking Nationals Park, Washington, D.C. Pat Pugliese | CNBC WASHINGTON — When Dr. Anthony Fauci throws out the ceremonial first pitch of this truncated baseball season Thursday night, players, coaches and umpires will see it in person at Nationals Park. But no fans will be in attendance,

What are NYC buyers likely to buy, and how much will they want to pay for it? What neighborhoods and … [+] property types are hot? getty What are New York City buyers looking for? What are they likely to buy, and how much will they want to pay for it? What neighborhoods and property

Getty Images Google on Wednesday updated its search engine with new tools for people shopping for mortgages, including a calculator, recent average mortgage rates and key terms homebuyers may need to know during the mortgage shopping process. Google teamed up with the Consumer Financial Protection Bureau to launch the new tools because it found that