Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Earnings for apartment owners show the pain of urban flight
Decidedly weak quarterly earnings reports from major apartment REITs this week paint a bleak picture for some of the largest urban rental markets. Read Article
There was a surprise drop in September home sales as buyers were priced out
Potential homebuyers may be hitting the limit of what they can afford. Pending home sales fell 2.2% in September compared with August. Read Article
Real estate fintech CoreLogic receives multiple potential bids at more than $80 a share, sources say
Property data and analytics firm CoreLogic has received multiple takeover bids at north of $80 a share. Read Article
Homebuyer demand may have peaked as mortgage applications eke out a weekly gain
Homebuyer demand had mortgage lenders incredibly busy over the summer, but that may have now peaked. Mortgage applications to purchase a home were essentially flat last week, after falling for four straight weeks before. Read Article
Reddit won't lower employee pay if they move out of high-cost cities like San Francisco
The social media company will also allow employees to work remotely. Read Article
Home prices in August see biggest gains in more than two years, S&P Case Shiller says
Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically. Read Article
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
