Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Hong Kong's MTR to delay new mall opening amid new coronavirus wave, CEO says
Lohas Mall's phase one opening in Hong Kong will be postponed to a "better time" given current movement restrictions during the pandemic, says Mass Transit Railway Corporation CEO Jacob Kam. Read Article
China is still a 'bright spark' in CapitaLand's portfolio, says group CFO on virus impact
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. Read Article
Dan Gilbert says acquisitions may be ahead for Rocket Companies as it debuts on NYSE
"We want to use our stock as currency and potentially acquire more fintech organizations and put them in the mold," said Rocket Companies founder and chairman Dan Gilbert. Read Article
Mortgage rates hit another record low, but homes are still less affordable
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. 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