Real estate assets that should not have had such a significant drop in value have suddenly come to the market during the pandemic, says Thomas Balashev, founder of Montague Real Estate.
Willy Walker, Walker & Dunlop chairman and CEO, says many renters have moved out of New York City, but office buildings have held up well so far. About 20 percent of offices in New York City are vacant and there has been a 15-20 percent pull back in rent. He joins ‘Closing Bell’ to discuss his outlook on commercial real estate.
Opportunity abounds for investors looking to seize on distressed real estate assets in the wake of the coronavirus pandemic, according to Montague Real Estate.
Mortgage demand was flat last week, despite record low rates, but demand is substantially higher than it was last year.
Homebuilder confidence in the single-family housing market pulled back in December. Builders say they are concerned that buyers are feeling shock.
CNBC’s Rick Santelli and Diana Olick report on the latest round of economic data.
CNBC’s “Halftime Report” team breaks down market action and the year-end rally as the Fed meets, vaccines are distributed and Congress nears a stimulus deal.
Upstart co-founder and CEO David Girouard joins “Squawk Alley” ahead of the company’s IPO to discuss its business model. We are an AI lending platform, which means we apply AI to the problems of consumer lending. That means originating better loans because we can more accurately predict who’s more likely to default, says Girouard. That involves using all sorts of data so we can make a more informed decision, and one that can result in banks approving two to three times as many borrowers, he adds.
The Federal Reserve remains committed to providing financial help for those who are struggling amid the coronavirus crisis.
Vlad Doronin, Oko Group CEO, discusses Florida’s emigration surge and the resultant real estate boom with CNBC’s Morgan Brennan.