The TransAmercia building at the end of an empty Columbus Street in San Francisco, California, U.S., on Monday, Dec. 7, 2020. David Paul Morris | Bloomberg | Getty Images If you believe what you read, San Francisco is dying. Over the last few months, there has been a steady stream of investors, executives and companies
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Handmade signs litter the ground after an anti-eviction protest outside a Mount Rainier, Maryland, apartment complex on Aug. 10, 2020. Leah Millis | Reuters Second stimulus checks are in the works for millions of Americans. Now, Congress and President Donald Trump must agree: Should those payments be $600 or $2,000 per person? The latest coronavirus
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images What was expected to be a mundane year in the mortgage market was anything but: A sharp downturn in demand for housing at the start of the pandemic took a hairpin turn and just
Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well. Shares of the biggest names, such as Lennar, Pulte, DR Horton and Toll Brothers, dropped more than 2% on the news. New home sales fell a steeper-than-expected 11% in November from October, according to
MIAMI — Move over, Texas. The Lone Star state has grabbed headlines as tech companies like Oracle, Hewlett-Packard Enterprise and billionaire Elon Musk are planning to move major operations from California for its greener pastures and — lower taxes. But now, Miami is becoming a magnet for companies trying to escape from high taxes and
A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images After five consecutive months of gains, closed sales of existing homes turned lower in November. They fell 2.5% on a month-to-month basis to a seasonally adjusted annualized rate of 6.69 million units, according to the National
No-Mad | iStock | Getty Images A bipartisan coronavirus aid deal that lawmakers struck on Sunday will extend the national eviction moratorium through January and establish a rental assistance fund of $25 billion. The relief comes as the Centers for Disease Control and Prevention’s eviction moratorium was set to expire at the end of the
The $900 billion economic relief plan in Congress carves out a slice for renters and landlords, but some economists and industry experts claim it is not even close to enough. The eviction crisis still looms large, as renters owe billions in back rent, and landlords are struggling to make their own payments on the homes
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