CNBC

A real estate investor who made a fortune shorting subprime mortgages more than a decade ago told CNBC on Friday he believes the current housing market is in a bubble.”Absolutely. I think we’re in an omni-bubble. How long does it last? It depends. How long do you keep the faucet open and this money running?”… More

After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif.Source: Taryn OrellanaWhen pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move.In October, the couple decided to buy… More

People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.”And the equity in your home can be misleading.”It’s really a form of consumption. You… More

Oxford Street empty of shoppers as the national coronavirus lockdown three continues.Mike Kemp | In Pictures | Getty ImagesLONDON — The International Monetary Fund has raised concerns over commercial property and the risk it could pose to financial stability, as the sector faces a series of challenges on the back of the coronavirus crisis.These include… More

A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS.  “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking their… More

The internet service company known as Angie’s List has rebranded, revamped its website and launched a new app as it looks to further penetrate the home services industry.Under its new name, Angi wants to smooth out the home renovation process by offering consumers a single platform to connect with contractors, book and make payments. The… More

tupungato | iStock | Getty ImagesAm I eligible?To qualify, at least one member in your household has to be eligible for unemployment benefits or attest in writing that they’ve lost income or incurred significant expenses due to the pandemic.You will also need to demonstrate a risk of homelessness, which may include a past due rent… More

LGI Homes Chairman and CEO Eric Lipar told CNBC on Friday he believes housing demand will remain robust even in the face of rising mortgage rates.A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index showed… More

Dan Gilbert, chairman, Quicken LoansAnjali Sundaram | CNBCTuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper.Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per share. According to InsiderScore.com and securities filings, Gilbert… More

CALVERTON, N.Y. – The homebuilding industry is on the edge of a revolution.At least that’s the way Kirk Andersen sees it. He just used 3D-printing technology to build a 900-square-foot model home on Long Island. He is about to build another one, too – the first 3D-printed home in the United States to be marketed… More

Nantucket, Massachusetts, a historic summer vacation destination, became a year-round refuge last year, thanks to the coronavirus pandemic. The run on real estate on the tiny, tony island is now causing a shortage of both homes for sale and rentals, and prices for both are going through the roof.The dollar volume of sales on the… More

Paying for a roof over your head is usually the top-line item of any budget.Rob and Reshawn Lee viewed their mortgage payment as one of the biggest barriers keeping them from quitting their jobs and becoming entrepreneurs.Rob had a successful career in IT, and Reshawn worked in sales. Together, they would take home more than… More

Google has submitted its preliminary proposal for its North Bayshore campus in Mountain View.Source: SITELAB urban studioGoogle released preliminary plans late last week for its future campus in northern Mountain View, CA, which emphasizes several thousand new homes and space for local shops amid pandemic recovery.For the project, Google and development partner Lendlease propose adding… More

A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020.Saul Loeb | AFP | Getty ImagesSharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week. Total mortgage application volume fell 4.1% from the previous week, according… More