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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Chairman of McKinsey Global Institute on racial wealth gap
James Manyika, chairman of the McKinsey Global Institute, joins "Closing Bell" to discuss what companies can do to address the racial wealth gap. Read Article
New York City's signed real estate contracts decrease by 87 percent in May 2020
CNBC's Robert Frank reports on how the New York City real estate market is getting hit by the coronavirus pandemic and what the forecast looks like. Read Article
Manhattan real estate deals plunge 84% in May amid coronavirus, protests
Real estate contracts for Manhattan apartments dropped by 84% in May and early data shows a flight to the suburbs. Read Article
Military families face housing limbo during Covid-19 crisis
Coronavirus lockdowns across the nation and overseas have put many U.S. military families in a tough spot when it comes to housing, with "stop-movement" orders leaving service members scheduled to transfer between bases stuck in limbo with two mortgages or leases to pay. But there is help available from the Defense Department, service relief organizations and non-profit groups. Read Article
Home purchase applications spike as mortgage rates fall
CNBC's Diana Olick reports the latest mortgage application data. Read Article
Student housing in the UK is no longer a 'bullet-proof' investment after the coronavirus crisis
Student accommodation has been a "bullet-proof" investment, but experts predict it's now on track for a year of disruption due to the coronavirus crisis and its impact on the property market. Read Article
Mortgage demand from homebuyers jumps 18%, as interest rates set another record low
The numbers get stronger each week as homebuyers rush back into the market, hoping to get their hands on what few homes there are for sale. Another record-low mortgage rate didn't hurt. Read Article
Redfin CEO: People are refiguring where they want to live
Redfin CEO Glenn Kelman joins CNBC's Kelly Evans to discuss how real estate is being impacted by the pandemic and protests. Read Article
First annual home value drop in nine years predicted
CNBC's Diana Olick discusses the future of home prices. Read Article
Home prices in April saw biggest gain in 2 years, but they're expected to drop by next year
Home sales may have slowed to a trickle, as much of the national economy shut down in the face of the coronavirus pandemic, but home prices did just the opposite. Read Article