A view of the City of London on a clear day. Vuk Valcic | SOPA Images | LightRocket via Getty Images LONDON — About 10% of London offices could soon become unusable when new rules on energy efficiency are implemented, according to analysis from a leading real estate company. Under the new standards, set to
Real Estate
Residential buildings in the East Village neighborhood of Manhattan in New York City. James Andrews | iStock | Getty Images The U.S. Supreme Court has struck down at least part of New York’s eviction moratorium, potentially leaving thousands of renters in the state at risk of being forced out of their homes. The court’s order
New York City housing advocates and tenants march to demand Gov. Andrew Cuomo cancel rent amid the pandemic on Oct. 10, 2020. Andrew Lichtenstein | Corbis News | Getty Images A U.S. judge rejected on Friday a request by landlord groups to block the Centers for Disease Control and Prevention’s new eviction moratorium. The decision
Kyle Little, chief operating officer at New York-based wholesale distributor Sherwood Lumber, told CNBC on Thursday that the recent slide in lumber prices has rekindled demand after a massive runup earlier this year challenged the affordability of building projects. “Over the last three weeks we’ve seen renewed interest,” the industry veteran and former lumber trader
In this article TREE darekm101 | Getty Image Big-city dwellers may dream of slashing expenses by moving to the country. But owning a home in a small town can be just as costly as a major metropolis — and in some cases, properties may be pricier. That’s according to a study from LendingTree, which analyzed
They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging and outpacing supply. As the economy improves, workers are moving out of shared living situations and looking for their own homes. In addition, the housing market is so expensive
The economy is improving from the worst of the pandemic, but the situation for struggling renters isn’t. For the last six months or so, more than 11 million renters have reported being behind. That lack of progress is largely due to how slow states have been to get federal rental assistance out to people in
In this article CWK The CEO of commercial real estate brokerage firm Cushman & Wakefield told CNBC on Wednesday he’s seeing encouraging signs in the office market as it overcomes significant coronavirus-related disruption. “We lost about 2.9 million office jobs in April, May of last year. We’ve recovered 2.2 million of those jobs and we
Homes in the North Park neighborhood of San Diego, California. Bing Guan | Bloomberg | Getty Images After falling steadily for a month, demand for mortgages to purchase a home rose slightly last week. Coupled with a continued increase in refinancing, total mortgage application volume rose 2.8% for the week, according to the Mortgage Bankers
Kseniya Ragozina | Getty Images Small investors who might not have the funds – or the stomach to be landlords – have a new option to get in on the lucrative single-family rental market. Fundrise, which started in 2012 as a crowdfunding platform for commercial real estate, is broadening its scope to single-family rental homes.
More than 11 million Americans continue to report being behind on their rent. How much renters owe varies greatly from one state and county to the next, according to data provided to CNBC by Surgo Ventures, a nonprofit organization focusing on health and data. Across the country, the average renter in arrears owes $3,700. The
In this article GOOGL Google is asking the city for feedback on its early plans to transform a Silicon Valley office site with “sustainability” features. City of San Jose filings Google is planning yet another Silicon Valley campus, which will sit adjacent to a new center partly devoted to hardware, according to preliminary plans obtained
Lucy Nicholson | Reuters The Centers for Disease Control and Prevention on Tuesday released a new federal eviction moratorium, just days after the previous ban expired on July 31. The new rules bought more time for some, but not all, of the millions of renters facing eviction. It’s also increased confusion for many in danger
In this article MGP VICI MGM Resorts International President and CEO Bill Hornbuckle is interviewed during the launch of the 100-megawatt MGM Resorts Mega Solar Array, the hospitality industry’s largest directly sourced renewable electricity project in the world on June 28, 2021 in Dry Lake Valley, Nevada. Gabe Ginsberg | Getty Images Real estate investment
Richard Stephen | iStock | Getty Images Leopold broke down his bed and his children’s bunk beds and packed up his belongings, preparing for himself, his wife and their six children to become homeless. “I was trembling,” said Leopold, who asked to use his first name only because of the stigma attached to eviction. “But
In this article CATL-SG Easy credit is becoming less available in China’s real estate market, but CapitaLand Group’s Andrew Lim says fiscally prudent firms could stand to benefit. “In the current climate where other companies may be more fiscally challenged without access to credit, we’re now in the position to sort of level the playing
No-Mad | iStock | Getty Images The Biden administration is expected to announce a new federal eviction moratorium on Tuesday, according to a source familiar with the matter. The eviction ban will be targeted at areas of the country experiencing high levels of coronavirus infections. The protection will last for 60 days until Oct. 3,
Bill Oxford | iStock | Getty Images Although the national ban on evictions is now over, a number of states have issued their own protections for renters that will last for months more. These local policies can buy tenants time to get approved for federal rental assistance and help them to stay in their homes.
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June, which are measured by signed contracts, fell 1.9% month-to-month, according to the National Association of Realtors. Sales were also down 1.9% compared
In this article Rauf Karimov | iStock | Getty Images With the national eviction ban expiring today, Leopold expects he and his wife, Vivia, and their six young children, will be forced out of their home in Deerfield Beach, Florida, where they’ve lived for the past three years. They’re one of millions of families in
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