The great digital shift might upend the way we get mortgages, transforming a $2.1 trillion industry weighed down by time-consuming processes to one that is faster and more transparent. Anyone who has walked into a branch bank to buy property — or is sitting in...
As the U.K.’s banks reconfigure their branches to accommodate a COVID-19 world, some are converting portions of the underused real estate into office space. The Financial Times (FT) reported some banks will use the branches as an alternative to high-rise headquarters. So far, Virgin Money...
Housing market activity as measured by the signing of sales contracts rose for the third consecutive month, the National Association of Realtors (NAR) said on Thursday (Aug. 27). The Washington, D.C.-based trade group stated in a news release that all four of the group’s major...
Real estate mogul Sam Zell, who learned the hard way about investing in troubled industries after buying and temporarily owning the Chicago Tribune even as the internet devoured newspaper revenue, is sounding alarms about the plight of the commercial real estate market. “There is no...
The nation’s residential real estate sector took a giant step forward in July as year-over-year sales increased by nearly 9 percent, according to the National Association of Realtors (NAR). Existing home sales swelled to 5.86 million in July, up from 5.39 million in the same...
Amid the lingering economic aftershocks of the pandemic looms a housing crisis — if millions of people are unable to pay the rent. After trillions of dollars of stimulus payments, with perhaps more to come, it may seem like the wave of evictions many observers...
The U.S. real estate market has spent the summer booming despite an economy hit hard by the pandemic. HomeLight CEO Drew Uher told Karen Webster that home sales have been pushed into high gear by incredibly low mortgage rates and a radical re-centering of people’s...
Home construction surged in July as real estate emerges as a bright spot in a U.S. economy struggling to rebound in the wake of the coronavirus pandemic. New home, condo and apartment starts surged 23.4 percent in July to an annualized rate of 1.5 million...
When the U.S. economy crashed in 2008 and kicked off the Great Recession, the U.S. housing market more or less fell into a gutter, where it remained for years before showing any real signs of recovery. That the housing market was so hard hit wasn’t...
