Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Mortgage refinance demand plunges 13% as interest rates climb toward two-year high
As mortgage rates continue to rise, demand for refinances is plunging and homebuyers are struggling. Read Article
Real estate billionaire Sam Zell says office space will recover 'much faster' than retail
Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, Sam Zell told CNBC on Tuesday. Read Article
Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says
Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Read Article
Here's why it's so hard to buy a home right now
The past year may have been a wild ride for homebuyers, but reports indicate that the housing market in 2022 could be even more competitive than in 2021. Read Article
Airbnb CEO says a future of flexible work and travel will give company a boost
"If I can do my job from a house in Atlanta, that means a lot of people could travel all over the world and live, not just travel," Airbnb's CEO said Friday. Read Article
More than 5 million borrowers just missed their chance to save on a mortgage refinance
Higher interest rates knocked out millions of borrowers from potential savings on a mortgage refinance. Read Article
December home sales drop 4.6%, as supply hits record low
Home sales were weaker than expected in December as mortgage rates rise. Read Article
Jobless claims jump to 286,000, the highest level since October
Initial filings totaled 286,000, well above the estimate of 225,000 and a substantial gain from the previous week's 231,000. Read Article
Real estate is the most 'zombified' sector and rate hikes will be a big risk, says consultancy
There's a "big risk" of real estate companies filing for insolvency when interest rates rise, said Nils Kuhlwein of consulting firm Kearney. Read Article
Homebuyers are rushing to get mortgages before higher rates price them out
Fast-rising mortgage rates are causing homebuyers to rush into the housing market before they get priced out. Read Article