For housing, the great snapback? As stock markets whipsaw (the Dow was off more 6 percent on Thursday), as the Federal Reserve sees mid-single-digit economic contractions and unemployment remains at double-digit percentages, the homebuying market has decided to shake it all off. Redfin reported last...
It’s the perfect time to lease a New York City apartment as vacancies rose, causing rental listings to jump, CNBC reported. New York City’s rental market continued to lose ground in May due to the pandemic as residents fled the Big Apple and the real...
The pandemic is spurring new opportunities for financial institutions (FIs) of all sizes to improve the range of services they deliver to end users amid the continuing shift to digital. To that end, in an interview with PYMNTS, Kevin Hughes, aggregation product manager at Fiserv,...
Rental company Zillow said on Thursday (June 4) that it was experiencing more requests for long-term rentals instead of the short-term ones it is usually known for, CNBC reported. The company said it had seen a significant upswing in requests for rentals for six months...
Condominium sales in Manhattan plummeted by 84 percent in May as the COVID-19 pandemic and protests following the death of George Floyd at the hands of the police have chilled the real estate market. CNBC, reporting on data from UrbanDigs, the New York-based analytics provider for...
The 2008 financial crisis fueled tenant screening to become a $1 billion industry, but some are asking at what cost. The New York Times reported while these companies produce inexpensive reports fast for as many as nine out of 10 landlords nationwide, they are sometimes...
There’s good news for the economy on the home-buying front. “Purchase applications increased 9 percent last week – the sixth consecutive weekly increase and a jump of 54 percent since early April,” said Joel Kan, an economist at the Mortgage Bankers Association (MBA). “Additionally, the...
Home sales fell to a 10-year low in April as buying and selling have been challenged by the COVID-19 pandemic, according to the National Association of Realtors (NAR). For the second consecutive month, each of the nation’s four regions saw sales dwindle in year-over-year sales,...
As the country starts lifting stay-at-home mandates and people head back to the office, Citigroup is considering a temporary relocation to the suburbs until it’s safe to return to Manhattan, according to a Bloomberg report on Wednesday (May 20) that cited sources familiar with the...
