The pandemic so far has accelerated trends of people fleeing large, expensive U.S. cities. While shopping is up everywhere, Barton said the company is seeing a "deceleration of migration" to cities and expects it to continue.
Cushman & Wakefield CEO Brett White told CNBC he thinks about 10% of the workforce will remain remote after the pandemic, double the pre-coronavirus rate but less than many predict. "In the early days, we talked about the high productivity at home. That's
Manhattan's West Side is becoming a destination for Big Tech. Facebook recently inked a deal to lease 730,000 square feet of office space in the Farley Building in midtown Manhattan. Bill Rudin, CEO and co-chairman of Rudin Management Company and chairman
Despite CapitaLand's "challenging profit picture" so far in 2020, there have been "very encouraging signs" among our businesses in China, which went "first into the pandemic but also first out," says Andrew Lim, group chief financial officer.
Mortgage rates fell to yet another record low this week, the eighth 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.
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.
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.
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 a
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 Hom
Home prices in June saw their strongest monthly rise in seven years, spurred on by strong buyer demand and record low mortgage rates. Forecasters, however, say the gains will start to moderate soon, and prices could end up slightly lower by June 2021.