Real Estate News
Real Estate
There are 13,000 empty apartments in NYC
CNBC's Robert Frank reports NYC's renters are fleeing the city and that there are about 13,000 empty apartments there. Read Article
Bankrupted Stein Mart is closing all of its stores. Here's a map of where they are
Stein Mart has filed for bankruptcy and now the retailer is kicking off going-out-of-business sales at all of its stores. Deals are for up to 30% off merchandise. Read Article
Mortgage refinancing will be more expensive as Fannie Mae and Freddie Mac raise fees
Mortgage giants Fannie Mae and Freddie Mac just announced that they are raising fees for lenders on all mortgage refinances. That will result in higher costs for consumers. The change is designed to shield the two from the additional risk brought on by the coronavirus pandemic. Read Article
Empty apartments in Manhattan reach record high, topping 13,000
Continued slow activity suggests that Manhattan's real estate and economic troubles could extend well into the fall or beyond. Read Article
NYC apartment vacancies hit a new all-time high as renters leave the city amid the pandemic
CNBC's Robert Frank reports on the apartment vacancy problem in New York City and how landlords are trying to deal with the issue. Read Article
Coronavirus sparks huge demand for clean home technology innovations
The coronavirus pandemic has heightened concerns about air quality and safety of indoor spaces, including the homes we live in. New cleaning technology is being rapidly added to houses across the country. Read Article
Digital loan start-up Blend jumps to $1.7 billion valuation as mortgage demand surges
As it has with digital adoption trends across banking and e-commerce, the pandemic has led to a surge in demand for Blend's loan application software. Read Article
Mortgage applications jump as rates drop again
CNBC's Diana Olick reports the latest mortgage application data. Read Article
Another record low mortgage rate juiced weekly demand, but rates are suddenly rising now
Two straight weeks of record low mortgage rates drove consumers to their lenders, but rates may now be reversing course. Read Article
Adobe CEO says offices provide some boost to productivity that remote work lacks
"When you're trying to create a new project, you want people around that water cooler. You want that sense of urgency," Adobe CEO Shantanu Narayen told CNBC. Read Article
