Property News
American
Property News for 13 August 2020
There are 13,000 empty apartments in NYC
CNBC - 13 Aug 2020 20:43
CNBC's Robert Frank reports NYC's renters are fleeing the city and that there are about 13,000 empty apartments there.
Frank Lloyd Wright-designed Millard House, saved from the brink of demolition, sells in Highland Park for $950,000
Chicago Tribune - 13 Aug 2020 20:38
The Prairie-style house faced extensive renovations and was then donated to the Jewish Federation. It went under contract in three days.
Empty apartments in Manhattan reach record high, topping 13,000
CNBC - 13 Aug 2020 18:04
Continued slow activity suggests that Manhattan's real estate and economic troubles could extend well into the fall or beyond.
Quirky, narrow 'pie house' in Deerfield, featuring 3-foot-wide wall on tiny suburban lot, sells for $260,000
Chicago Tribune - 13 Aug 2020 17:29
The Deerfield home, shaped like a narrow wedge of pie, was listed in January and sold eight months later for below what owners paid for it in 2007.
Mortgage refinancing will be more expensive as Fannie Mae and Freddie Mac raise fees
CNBC - 13 Aug 2020 15:50
Mortgage giants Fannie Mae and Freddie Mac just announced that they are raising fees for lenders on all mortgage refinances. That will result in higher costs for consumers. The change is designed to shield the two from t...
NYC apartment vacancies hit a new all-time high as renters leave the city amid the pandemic
CNBC - 13 Aug 2020 13:58
CNBC's Robert Frank reports on the apartment vacancy problem in New York City and how landlords are trying to deal with the issue.
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