Property News
American
Property News for 29 July 2020
'We're running out of homes for sale,' Lake Tahoe brokers say as tech workers flee Bay Area
CNBC - 29 Jul 2020 19:02
A new wave of urban flight is reshaping real estate markets from New York to Chicago and Los Angeles to San Francisco. As part of this shift, Lake Tahoe is seeing unprecedented bidding wars, buying activity and price inc...
Fed keeps rates near zero -- it's good to borrow at low interest rates, experts say. Here's what else it means for your wallet
CNBC - 29 Jul 2020 20:37
Historically low interest rates will benefit those with good credit, but riskier borrowers are increasingly shut out.
Trump tells suburban voters they will 'no longer be bothered' by low-income housing
CNBC - 29 Jul 2020 19:45
President Donald Trump overtly appealed to White, suburban voters, saying in a tweet that they will no longer be "bothered" by low income housing in their suburbs.
Pending home sales surge for the second consecutive month as the Realtors raise their forecast for 2020
CNBC - 29 Jul 2020 16:02
Pending home sales continued to climb in June, rising 16.6% monthly since May, and rising 6.3% since June 2019, according to the National Association of Realtors.
Lower weekly mortgage demand hints at a possible pullback by first-time homebuyers
CNBC - 29 Jul 2020 13:05
Mortgage applications to purchase a home were 2% lower last week than the previous week but a strong 21% higher annually.
Former Lt. Gov. Corinne Wood sells Lake Forest mansion for $2 million
Chicago Tribune - 29 Jul 2020 12:00
Wood, 66, the lieutenant governor from 1999 to 2003, working alongside then-Gov. George Ryan, initially sought $3.95 million for the Georgian mansion.
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