Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Banks may have to brace for heavy losses as commercial property prices plunge
Commercial real estate prices have plunged this year as people stopped going into offices, and retail businesses were disrupted. That could lead to a significant losses for banks, according to a recent report. Read Article
A British university is testing new low-carbon tech that could cut heating costs
Homes old and new are being fitted with kit designed to make them more efficient. Read Article
Redfin CEO expects 'absolutely insane' demand in housing market to last into 2021
"There's no way it can last forever. This level of demand is absolutely insane," Redfin CEO Glenn Kelman told CNBC. Read Article
Hamptons real estate prices break records as New York City wealthy flee to the beach
The average sales price in the Hamptons soared 46% in the quarter to just over $2 million, according to a report from Douglas Elliman and Miller Samuel. Read Article
September existing home sales jump 9.4%, but 'prices are rising too fast' as supply remains tight
The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September. Read Article
Retrofitting homes could be vital if governments want to hit aggressive emissions targets
As concerns about the environment and sustainability mount, many properties will need to be modified. Read Article
Mortgage demand from homebuyers falls for the fourth straight week
Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. Read Article
Prominent New York hotel developer Chang's businesses received millions in PPP loans
Companies controlled by one of New York's most prominent hotel developers received millions of dollars in loans from a government program intended to support small businesses as the coronavirus hammered the economy. Read Article
This chef got Covid, got laid off and then became a homebuilder
As housing demand soars, the acute labor shortage in the home construction business is providing new opportunities to unemployed workers in other fields. Read Article
Make these money moves during the coronavirus pandemic, says NFL linebacker Brandon Copeland
New England Patriots player Brandon Copeland has teamed up with the Consumer Financial Protection Bureau to shed light on resources available to Americans during the Covid-19 crisis. Read Article