News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Manhattan apartment rentals nearly doubled in December
"It's a baby step in the right direction," said Jonathan Miller, CEO of appraisal and research firm Miller Samuel. "The metrics are still very weak." Read Article
New York City may turn vacant retail space into Covid testing sites, says real estate mogul
Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said. Read Article
Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers hoping to refinance. Read Article
How this couple paid off their $195,000 mortgage in under 4 years
Andy and Nicole Hill bought a 2,600-square-foot home just outside of Detroit at the end of 2013. They paid it off in November 2017. Read Article
Climate change has cost the U.S. billions of dollars in flood damage, study finds
Extreme rainfall fueled by climate change has caused nearly $75 billion in flood damage in the U.S. in the past three decades, a new study shows. Read Article
Op-ed: Reform our bankruptcy laws before a tsunami of Covid debt comes due
When collection moratoria end, there will be a tsunami of foreclosures, evictions, and collection actions, writes Georgetown University Law Professor Adam J. Levitin. Read Article
Improvement in Covid-related mortgage bailouts drops dramatically along with job losses
More borrowers are getting current on their mortgages again, after falling behind on payments due to the coronavirus pandemic. But the improvement is slowing. Read Article
Buyers and sellers are substantially more pessimistic about the housing market, as Covid cases surge again
After a strong surge in home sales over the past six months, suddenly consumers are concerned about the overall health of the housing market. Read Article
Congress approves $25 billion in rental assistance. Here's how to apply
Congress has established a $25 billion fund to help people who've fallen behind on their rent in the pandemic. Wondering if you qualify, and how to apply? Read Article
Op-ed: Harnessing market forces for good can ease America's growing housing crisis
At a time when staying home has been so essential to protecting our health and communities, an alarming number of families are in danger of eviction, write Bobby Turner and Chris Paul. Read Article