U.S. housing starts were expected to total 1.478 million in August, down slightly from the 1.496 million reported for the previous month. CNBC’s Diana Olick breaks down the data.
Commercial real estate stocks are bouncing back this week after taking a big hit. Shares of SL Green, Manhattan’s biggest office landlord, are up 14 percent. On Monday, SL Green unveiled a $3 billion, 77-story new office tower in midtown, showing the company is betting on a future that includes workers going back into the office. Andrew Mathias, president of SL Green, joins “Squawk Box” to discuss.
CNBC’s Kelly Evans breaks down how the housing sector is faring with CNBC’s Diana Olick and Daryl Fairweather of Redfin.
“We won’t allow any entity or individual to dictate how our investigation will proceed or allow anyone to evade a lawful subpoena,” Attorney General Letitia James said.
Hmlet Listed is a new product that aims to help more real estate partners scale up their rental listings, and its launch came during a “fantastic time” during the coronavirus pandemic, says Yoan Kamalski, cofounder and CEO of the Singapore-based co-living startup, Hmlet.
The number of borrowers in government covid-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising.
Homeowners who refinance their mortgage may end up paying a higher interest rate. This is due to lenders passing on at least some of an “adverse market” fee that they will soon have to start paying.
CNBC’s Diana Olick reports the latest numbers out of the coronavirus mortgage bailout program.
Mortgage rates just set another new low, according to Freddie Mac, and that means the number of borrowers who could benefit from a refinance hit a new all-time high.
Renowned fashion designer and multinational corporation founder Tommy Hilfiger has put his historic house in Greenwich, Connecticut on the market for $47.5 million.