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People and students from Worker’s Circle of Boston and members of City Life Vida Urbana protest to rally support behind house bill HD3030, which seeks to stop evictions during the ongoing coronavirus pandemic, at the Massachusetts State House in Boston on March 14, 2021. Jim Davis | Boston Globe | Getty Images Sabrina Floyd doesn’t

Charlie Eaton Courtesy: Charlie Eaton The odds of student loan forgiveness happening have never been greater, experts say. Yet a number of large obstacles stand in the way, some practical and others ideological. Does the president have the authority to cancel the debt? Officials at the U.S. Department of Education and the U.S. Department of

kate_sept2004 | E+ | Getty Images Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you. It’s not as uncommon as you may think. More than one-third, or 34%, of Americans found at least one error on their credit report, according to a

In this article RDFN The CEO of real estate brokerage Redfin told CNBC on Friday there’s been a much-needed cooling in the booming housing market recently. “For the past couple of weeks, housing has been hot instead of blazing hot, and it’s actually probably good for the market. We’ve been running too hot for too

A view of the driveway leading to the residence at 777 Sarbonne Road in Bel-Air, California. Joe Bryant / Aaron Kirman Group Seven is a magical number for one of Bel-Air’s priciest spec homes. The glass and marble palace located at 777 Sarbonne Road in Los Angeles hit the market last month with an asking

Getty Images When it comes to whether retirees should pay off their mortgage in retirement, there typically is no clear-cut answer. That’s because like most things about planning for (and in) your post-working years, the decision depends on your specific situation. Obviously, a couple of benefits come with paying off a mortgage: Your monthly obligations

Helen H. Richardson | Denver Post | Getty Images Homeowners are getting richer and richer as prices keep soaring – and the numbers are staggering. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. This represents a

A new housing model is rising from the dirt in Valencia, California, and potentially raising the bar for real estate developers hoping to reduce their carbon footprints. More than 21,000 homes are going up in a brand-new community that, its developer says, will be the largest net-zero community in the nation, and potentially the world.

A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for

Lumber industry veteran Kyle Little told CNBC on Tuesday that it’s a sensible decision to hold off on beginning discretionary building projects due to high wood costs. “The jobs that you have coming up, don’t expect us to go back to what we saw the previous 10 years. That being said, if you can wait,

In this article CRM Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce CEO Marc Benioff said on Monday that he expects half or more of his company’s employees

In this article REIT-AE A major Dubai property investment fund is in the spotlight after its lenders blocked a debt restructuring plan and raised “serious concerns” about its transparency and governance.  Dubai-based Emirates REIT was forced to withdraw a restructuring proposal for its $400 million dollar Islamic bond after a rare campaign of investor activism

Geber86 | E+ | Getty Images After Janell Ivy lost her job at a daycare center because of the pandemic, she fell behind on her $890 rent. The single mother feared that she and her four children, all under the age of 7, would be evicted from their apartment in Houston. She packed up her

Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest amount ever recorded, according to Black Knight, a mortgage technology and

In this article CLGX monkeybusinessimages | iStock | Getty Images In this hot housing market, it can be easy to blow your budget. That’s why you have to have a clear plan in place before you start looking for your next home, experts say. “If you don’t go in with a clear budget in terms

Newark, New Jersey. Sean Pavone | iStock | Getty Images Since September, most renters across the country have been protected from eviction, thanks to an unprecedented moratorium on the proceedings ordered by the Centers for Disease Control and Prevention. Now that ban will expire in less than a month, and millions of Americans could find

Siraj Ahmad | iStock | Getty Images More than 10 million Americans, or 14% of U.S. renters, say they aren’t caught up with their housing payments, meaning many could be at risk when the national moratorium on evictions expires in under a month. That finding comes from data collected by the Census Bureau between May

Maskot | Maskot | Getty Images President Joe Biden laid out a plan this week to narrow the racial wealth gap in the U.S. Many were disappointed not to see any mention of student loan forgiveness in that agenda. The president’s initiatives, announced 100 years after the Tulsa Race Massacre, will include tackling racial discrimination

A real estate agent with an ‘Open House’ sign in the front yard of a home for sale. Ty Wright | Bloomberg | Getty Images High prices and low supply are finally taking some of the heat out of the housing market. Even with interest rates falling slightly, mortgage application volume fell 4% last week

No-Mad | iStock | Getty Images More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. The Centers for Disease Control and Prevention’s eviction moratorium, which has been in effect since September, will lift on June 30. Although the

If you are suffering from post-pandemic sticker shock, you are not alone. From gas and groceries to computers and clothing, everyday items are suddenly more expensive.   As the country recovers in the wake of the coronavirus outbreak and Americans put their stimulus checks and stashed cash to work, some of these higher costs are simply the price consumers

Courtney Keating | Getty Images Lower-income homeowners could potentially save hundreds of dollars a month on their mortgage under a government refinancing initiative that starts next week. Fannie Mae, one of two government-sponsored and publicly traded enterprises that buys and sells mortgages, will open its “RefiNow” program on June 5 with the intention of helping

Eddie Valdivia and his wife Vanessa pose in front of their first house, which they purchased in October 2020 with the help of a VA loan. Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom,

It’s been over a year since lenders and the federal government stepped in to help Americans stay in their homes amid the global health and economic crisis caused by the Covid-19 pandemic. And many Americans still need that support.  About 2.1 million homeowners are still in forbearance plans that suspend their mortgage payments, according to

In this article BBY Ruben Fragoso checks out appliances for sale at the Best Buy store in April 2010 in Miami, Florida. Joe Raedle, Getty Images As Americans move into new houses, remodel homes and watch real estate values rise, Best Buy CEO Corie Barry said they are buying appliances and big-screen TVs and hiring

Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks and asset managers, technology companies and law firms are ramping up back-to-work plans as more

People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number determines whether you can get

Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at least $120 billion in bonds each month, a total that includes $40 billion in mortgage-backed

President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images The wealthy may have a whole other reason to dread President Joe Biden’s proposal to overhaul taxes on inheritances: They may have to dig through decades’ worth of documents

A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application volume fell 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased