News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Mortgage market is unprepared for climate risk, says industry report
The mortgage market is unprepared for the multifold physical and financial risks related to climate change, according to the Mortgage Bankers Association. Read Article
Airbnb says it has doubled the number of Afghan refugees it plans to temporarily house
Airbnb announced Thursday that it is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000. Read Article
Shares of Chinese Estates pop as much as 15% after firm signals it could dump entire Evergrande stake
Investment holding firm Chinese Estates announced in an exchange filing Thursday plans to potentially dispose of its entire stake in developer China Evergrande. Read Article
The Fed is holding its rates near zero for now. Here's what it means for you
The Fed is sticking with its near zero rate policy for now, yet borrowing costs may start to edge higher anyway. Read Article
Google's $2.1 billion office building deal is latest sign of Big Tech's muscle in Manhattan market
Google's deal to buy a Manhattan building adds to the rapid growth of Silicon Alley, despite a rise in remote work and a decline in the New York office market. Read Article
Why renters are struggling so much now
The present troubles for renters are explained in large part by inequities that predate the Covid pandemic. Read Article
Existing home sales fall 2% as first-time buyers are priced out
The share of first-time buyers fell to just 29% of all sales, the lowest since January 2019. Read Article
Stronger mortgage demand points to September surge in home sales
Mortgage demand rose last week as more buyers came into the housing market. Read Article
Evergrande crisis will hurt China's economic growth, says former central bank advisor
A default by Evergrande will have minimal effect on the Chinese financial system, said Li Daokui, a former advisor at the People's Bank of China. Read Article
Rep. Bush, Sen. Warren introduce bill to reinstate federal eviction moratorium
The legislation from Cori Bush and Elizabeth Warren comes after the Supreme Court shot down a Biden administration eviction moratorium. Read Article