Category: Real Estate

bank tells new clients they need $1 million to qualify for jumbo refi

Wells Fargo is raising the bar for new customers to get a popular mortgage product, CNBC has learned exclusively. The bank is now requiring new clients to bring at least...

Should you consider a condo for your college kid amid Covid-19?

When Diane Pearson’s sons both attended Robert Morris University, buying a condo for them in the suburb of Pittsburgh made financial sense. Pearson, who is a...

Home prices heated up in April, S&P Case-Shiller says

A for sale sign is seen in front of a home as the National Association of Realtors released a report showing that home sales dropped in December of 2017 on January 24,...

How the pandemic has affected the commercial real estate business

Ivan Kaufman, Arbor Trust Realty CEO, joins “Squawk on the Street” to discuss how the coronavirus pandemic has changed the real estate business. Source link

Major real estate firms step up to save Black, Hispanic internships

For the past few weeks, Cedric Bobo, a former investment executive at the Carlyle Group, has spent the better part of his days on video calls, welcoming mostly Black and...

Five charts that track economic recovery in the U.S.

Passengers wait to disembark the plane on their arrival at Hartsfield-Jackson Atlanta International Airport in Atlanta, on April 23, 2020. Chandan Khanna | AFP | Getty...

Here’s what negative interest rates from Fed would mean for you

The economic shock from Covid-19 may call for drastic measures, but negative interest rates are not one of them — at least not yet. The Federal Reserve has never...

‘It’s going to be ugly,’ analyst says as mortgage rates suddenly spike

What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in...

Five charts that track the U.S. economy as states reopen

People congregate outside a restaurant in the upper east side during the coronavirus pandemic on May 2, 2020 in New York City. Noam Galai | Getty Images As states...

Home prices gained in March, S&P Case-Shiller says

A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Home prices were still gaining...