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CENTURY 21 DAWN'S GOLD REALTY
Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Mortgage rates hit another record low, but homes are still less affordable
Mortgage rates fell to yet another record low this week, the eighth new record set this year, but home affordability is still weakening. The housing shortage, high demand from buyers and rising home prices are negating the benefits of lower rates. Read Article
Rocket Companies CEO on the mortgage market and refinancing boom
Quicken Loans parent Rocket Companies priced its IPO at $18 per share, and raised $1.8 billion. Rocket Companies CEO Jay Farner joins "Squawk Alley" to discuss the mortgage market and his company's IPO. Read Article
Manhattan apartment sales plunge due to Covid-19
CNBC's Robert Frank reports a sharp decline in Manhattan rentals as people move away from big cities to the suburbs due to Covid-19. Read Article
Pelosi: Trump could extend moratorium on evictions with an executive order
House Speaker Nancy Pelosi told CNBC's Jim Cramer President Trump can and should extend the moratorium on evictions. She added the moratorium would not be enough on its own and renters and landlords alike will eventually also need money in their pockets. Read Article
Rocket Companies founder Dan Gilbert and CEO Jay Farner on going public
The parent company of the largest mortgage lender in the United States is set to debut on the NYSE Wednesday. Rocket Companies, the parent company of Quicken Loans, is expected to price their IPO at $18, and sell 100 million shares. Dan Gilbert, founder and chairman of Rocket Companies, and Jay Farner, CEO of Rocket Companies, join "Squawk Box" to discuss. Read Article
Manhattan apartment deals plunge 57%, suburban real estate surges
Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer. Read Article
Manhattan experiencing surplus of unsold apartments as sales contracts plunge
The Manhattan real estate market was supposed to rebound in July, but instead there's a glut of unsold apartments. CNBC's Robert Frank reports. Read Article
Investor confidence in Dubai's real estate sector is still high: Nakheel
Dubai property developer Nakheel says the company has seen "impressive" levels of real estate activity in the last few months despite severe pressure brought on by the impact of the coronavirus. Read Article
U.S. home ownership rate hits highest level since 2008
U.S. consumers have purchased homes at record levels as low mortgage rates encourage demand. U.S. home ownership rose to 67.9 percent in the second quarter, the highest level in more than 10 years, according to the Commerce Department. Eric Lipar, LGI Homes CEO and chairman, join "Closing Bell" to discuss. Read Article
Suburban growth is now double that of cities—Here's what it could mean for the urban future
People have been fleeing crowded cities, but it's accelerated since the pandemic. CNBC's Robert Frank reports on what it could all mean for the future of cities. Read Article