The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown. Andrew Caballero-reynolds | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter…
Construction workers pouring wet concrete on a road. Jung Getty A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to…
As the U.S. begins its first federal government shutdown since 2018, with uncertain repercussions for the economy, the ghost of Elon Musk continues to rattle real estate markets across the U.S. Even though Musk left the government months ago, his legacy remains with DOGE. One of the ways in which DOGE has sought to cut…
The stock market graphic of Zillow Group is displayed on a smartphone with the logo of Zillow in the background on Feb. 21, 2021. Sopa Images | Lightrocket | Getty Images The Federal Trade Commission is suing real estate giants Zillow and Redfin, alleging the two illegally conspired to reduce competition in the online multifamily…
Smith Collection/gado | Archive Photos | Getty Images Kimberly Blair, a San Diego-based wellness practitioner who specializes in grief counseling, noticed an uptick in “screen fatigue” among her clients, whom she had been counseling largely virtually. So, she decided to open a storefront location and offer more in-person sessions. When she began casting about for locations,…
Fading West modular housing development built after the Hawaii wildfires. Fading West Owning a home is one of the pillars of the American Dream. But with a nationwide housing affordability crisis headlined by a lofty median price of a single-family home at more than $422,000, the 30-year fixed mortgage rate coming down but still relatively…
After a massive 58% weekly surge in refinance demand the week before, mortgage demand stalled again last week, even though interest rates fell further. Total application volume rose 0.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming…
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates last week dropped to the lowest level since October of last year. That caused a massive run on refinances, as consumers seek more savings in an uncertain economy. Applications…
Miniseries | E+ | Getty Images Who benefits the most from rent reporting services Rent reporting services track a user’s rent payment history and report them to one or more of the three credit bureaus: Experian, Equifax and TransUnion. Sharing rent payment activity has shown to be beneficial for participants, especially those who are “credit…
Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount. “There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk…
