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An apartments for rent sign is displayed outside a residential building in Hells Kitchen as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 18, 2020 in New York City. Alexi Rosenfeld | Getty Images The number of apartments for rent in Manhattan tripled in September,

People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus pandemic, and

Service Properties Trust announced that it has terminated the management agreements for 122 hotels with Marriott International after the hotel giant fell behind on payments.  Terminating the agreement appears to be an opportunistic move by Service Properties. It gives the company the flexibility to consider other options with the Marriott-branded hotels, including dispositions or converting

JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is making a $30 billion commitment it says will help address U.S. wealth inequality, especially in traditionally underserved Black and Latino communities. The bank’s pledge is a

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance, but homebuyers

Homeowners have struggled to make mortgage payments during the pandemic. Since March, 24% of homeowners have missed or deferred a mortgage payment, according to a survey from Clever Real Estate. Renters have also been significantly impacted, with one in three renters missing rent payments during the pandemic. Combined, these two groups paint a startling image

A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images SINGAPORE — Rising debt of Chinese property developers are in the spotlight again, as liquidity issues at top developer China Evergrande trigger investor concerns. China’s property prices rebounded quickly as the economy reopened after the

View of Ha’penny bridge on bright sunny day in Dublin, Ireland. Stricter enforcement on Airbnb and short-term lettings in the Republic of Ireland are needed to protect the housing and rental market.  That’s according to housing activists and opposition politicians that believe regulations introduced last year need to be bolstered ahead of the difficult months