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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
China remains a 'bright spark,' says major real estate developer CapitaLand
There are "very encouraging signs" in CapitaLand's residential business and retail operations in China, said Andrew Lim, the company's group chief financial officer. Read Article
Second $1,200 stimulus checks could be coming. For many, that won't cover the rent
Washington lawmakers are deadlocked on what aid to include in the next coronavirus stimulus package. But $1,200 stimulus checks seem to be one feature they can agree on. The problem is that that money won't carry Americans very far, particularly when it comes to rent payments. Read Article
Zillow CEO: Real estate market is beginning 'great reshuffling' as people seek more space at home
The pandemic so far has accelerated trends of people fleeing large, expensive U.S. cities. While shopping is up everywhere, Barton said the company is seeing a "deceleration of migration" to cities and expects it to continue. Read Article
Pandemic remodeling boom—Here are the numbers
CNBC's Diana Olick breaks down the numbers that show many Americans are remodeling their homes during the pandemic. Read Article
Permanent remote workforce may be around 10% after pandemic, says Cushman & Wakefield CEO
Cushman & Wakefield CEO Brett White told CNBC he thinks about 10% of the workforce will remain remote after the pandemic, double the pre-coronavirus rate but less than many predict. "In the early days, we talked about the high productivity at home. That's changing." Read Article
Pandemic home remodeling is booming: Here's what your neighbors are doing
Sheltering in place has homeowners wanting to improve their places. Demand for home remodeling soared in June, with outdoor spaces the most popular projects. Read Article
Cushman & Wakefield CEO on the timeline to an office space demand recovery
Cushman & Wakefield CEO Brett White joins CNBC's "Squawk on the Street" team to break down its earnings and how he anticipates office space demand to recover eventually. Read Article
New York real estate expert Bill Rudin on the outlook for the sector
Manhattan's West Side is becoming a destination for Big Tech. Facebook recently inked a deal to lease 730,000 square feet of office space in the Farley Building in midtown Manhattan. Bill Rudin, CEO and co-chairman of Rudin Management Company and chairman of the Real Estate Board of New York, joins "Squawk Box" to discuss the commercial real estate market as well as how the pandemic is affecting the residential market. Read Article
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