U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin.United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia now tells CNBC that after testing it out, the company… More
Introduction Even though some real estate experts advise that it is better to rent than buy nowadays, owning a home is something almost everyone wants to experience in their lifetime. However, what most people have a dilemma about is whether to buy a new construction or existing home in Idaho. As both solutions have their […] More
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.Getty ImagesHigher interest rates took some recent wind out of the sails in the mortgage market.After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according to the Mortgage Bankers Association’s seasonally… More
A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020.Erik McGregor | LightRocket | Getty ImagesNew York state lawmakers have voted to extend an eviction protection for… More
Starting later this year, U.S. homebuyers will have the option to pay for their mortgage in bitcoin.United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, announced plans this week to accept cryptocurrency for home loans, in what is being billed as a first for the national mortgage… More
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 field,” Lim, CapitaLand’s group chief… More
Major credit ratings agencies this week downgraded China’s most indebted property developer Evergrande, as concerns over Asia’s junk bond sector rise. Fitch Ratings on Wednesday downgraded China Evergrande one notch from B to CCC, saying that the negative developments surrounding Evergrande may weaken investor confidence, further pressuring its liquidity. A rating of CCC means there’s a “real… More
The race to reduce carbon emissions is heating up, much like the planet itself is. But reducing emissions alone will not be enough to stop what’s happening.It is not even enough to reach the goal of the Paris climate agreement, which is to limit global in this century to 1.5 degrees Celsius above preindustrial levels.There… More
A worker waits to load his truck with debris from the rubble of the Champlain Towers South building, as removal and recovery work continues at the site of the partially collapsed condo building, Wednesday, July 14, 2021, in Surfside, Fla.Lynne Sladky | APThe number of confirmed deaths in the collapse of a condominium building in… More
A member of Miami-Dade Fire Rescue hugs a victim’s relative at the “Surfside Wall of Hope & Memorial” near the site where a building collapsed in Surfside, Florida, north of Miami Beach on July 7, 2021.Chandan Khanna | AFP | Getty ImagesThe number of confirmed deaths in the collapsed condominium building in Surfside, Florida, has… More
Introduction Real estate prices in South Florida are on their way back to pre-crisis levels. Will the market stay strong, or will the bubble burst again is the recurring question? The market hit rock bottom in 2011, and since then, the prices have been on a steady rise. We’ve all heard stories of deteriorating buildings, […] More
A for sale sign is seen near a house for sale in South Pasadena, California.Frederic J. Brown | AFP | Getty ImagesThe epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up.More supply is suddenly coming on the market, which will certainly help frustrated… More
Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from 2020-2040, serving… More
Taking 30 years to pay back a loan can feel like a lifetime.Andy and Nicole Hill were worried that being tied to a mortgage payment would stop them from taking career risks, so the couple came to an agreement: They would pay the house off in under five years.The Hills made their first payment on… More
Ronel Remy, an organizer with City Life/Vida Urbana, speaks during a “Rally to Stop Evictions and Foreclosures” at the Boston Common Fountain in Boston on Oct. 11, 2020.Matthew J. Lee | Boston Globe | Getty ImagesAnother way tenants may find themselves shielded from eviction is if they’ve applied for or received rental assistance from the… More