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U.S. consumers have purchased homes at record levels as low mortgage rates encourage demand. U.S. home ownership rose to 67.9 percent in the second quarter, the highest level in more than 10 years, according to the Commerce Department. Eric Lipar, LGI Homes CEO and chairman, join “Closing Bell” to discuss. 05:06 10 minutes ago

A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Record low mortgage rates are clearly not as impressive as they used to be. Even with another new low set last week, mortgage application volume decreased 5.1% from

While we are still early in the pandemic-triggered recession, some investors are already seeing the distressed asset investment opportunities—and BH Properties is among them. The investor is expecting a wave of bankruptcies and defaults, and is launching a $200 million debtor-in-possession platform to act on those opportunities in the coming months. “We’ve already seen a

The first read on home prices in June is proving just how resilient the housing market has been in the face of an ongoing economic disaster. Strong demand for housing, much of it pushed by the coronavirus pandemic itself, is driving prices higher faster, but forecasters say that may not last. Nationally, home prices increased

Courtney Davis Source: Courtney Davis In a few weeks, Courtney Davis will give birth to her first child, a son, Bentli Jaymes. In the meantime, she’s afraid that she won’t have a home to bring him back to.  “My biggest concern is becoming homeless right now,” Davis, 23, said. Without an extension of a federal

The year 2020 will not be soon forgotten as the spread of COVID-19 and society’s reaction to the virus have combined to devastate the global economy. U.S. GDP in the second quarter declined by 32.9 percent on an annualized basis, the most significant quarterly decline observed since the 1940’s. While the stock market has rebounded

Vodafone’s heat-detection camera captures a person walking into an office building. Vodafone As employers around the world figure out how best to return workers to the office, tech companies are hoping that gadgets and software could help the process. The coronavirus pandemic and resulting lockdowns have left offices around the world empty. And while there’s

A record $300 billion in funds designated to buy distressed commercial real estate assets remains on the sidelines despite plunging commercial real estate values tied to the COVID-19 pandemic, according to New York-based Enertiv.  As commercial real estate sales and acquisitions of $2.5 million-plus properties have plummeted 79 % since February,  stashed billions in “dry