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  • second-largest-us.-mortgage-lender-ditches-its-plan-to-accept-payments-in-bitcoin
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    Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

    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

  • mortgage-demand-falls-as-rates-rise-to-highest-level-since-july
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    Mortgage demand falls as rates rise to highest level since July

    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

  • new-york-extends-eviction-protection-for-renters-until-jan.-15
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    New York extends eviction protection for renters until Jan. 15

    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

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    Second-largest U.S. mortgage lender will accept payment in bitcoin

    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

  • china’s-crackdown-on-housing-speculation-levels-the-playing-field,-major-asian-real-estate-group-says
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    China’s crackdown on housing speculation levels the playing field, major Asian real estate group says

    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

  • ratings-agencies-downgrade-china-evergrande-as-concerns-over-junk-bonds-rise
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    Ratings agencies downgrade China Evergrande as concerns over junk bonds rise

    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

  • confirmed-deaths-in-collapsed-florida-condo-building-climb-to-86
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    Confirmed deaths in collapsed Florida condo building climb to 86

    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

  • the-future-of-home-ownership-is-latino
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    The future of home ownership is Latino

    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

  • eviction-protections-for-renters-will-extend-beyond-june-in-these-locations
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    Eviction protections for renters will extend beyond June in these locations

    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

  • how-to-avoid-overspending-in-this-hot-housing-market
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    How to avoid overspending in this hot housing market

    monkeybusinessimages | iStock | Getty ImagesIn this hot housing market, it can be easy to blow your budget.That’s why you have to have a clear plan in place before you start looking for your next home, experts say.”If you don’t go in with a clear budget in terms of what it is you can comfortably… More

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