Home buying and selling went virtual during the pandemic. Can it stay that way?
Zoom video calls and virtual walkthroughs became real estate mainstays during coronavirus, but the need for physical home tours is not likely to go away.
Real Estate
Looming evictions may soon make 28 million homeless in U.S., expert says
“We have never seen this extent of eviction in such a truncated amount of time in our history,” housing expert Emily Benfer said.
Covid-19 mortgage bailouts drop by 435,000 but extensions increase
The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire. CNBC’s Diana Olick reports.
Coronavirus mortgage bailout sees biggest one-week decline, but more borrowers are extending terms
The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire.
Two stocks could be the best play to ride housing boom, says Oppenheimer’s Ari Wald
Ari Wald, Oppenheimer head of technical analysis, discusses how to trade the housing sector and several of its ETFs, with CNBC’s “Fast Money” traders.
‘Shark Tank’ investor Herjavec: We’re about to see biggest exodus from cities in 50 years
“I recently moved out of Los Angeles into a suburban area, and I can tell you on a very personal level, my area is on fire,” “Shark Tank” investor Robert Herjavec told CNBC.
CEO of Century 21 parent says suburban home search is up across the country, following New York’s lead
“In every urban geography, the web traffic … has changed, versus 6 to 12 months ago, to be much more suburban,” Realogy CEO Ryan Schneider said.
Evictions could hit crisis level—Here’s how it’s impacting real estate trends
CNBC’s Kelly Evans breaks down the threat of evictions amid coronavirus and trends in the housing sector with CNBC’s Diana Olick and Ryan Schneider, CEO of Realogy.
New York City rentals experience worst June in more than a decade amid Covid-19 crisis
Data on rentals out of New York City signal a crisis with city residents emptying out fast. CNBC’s Robert Frank reports.
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings
The move shows how Wells Fargo, the largest U.S. mortgage lender and biggest player in jumbo mortgages, is operating under the dual pressures of the coronavirus pandemic and a Federal Reserve cap on its balance sheet.