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Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Mortgage rates spike on shocking jobs report
CNBC's Diana Olick breaks down the spike in mortgage rates. Read Article
The IRS is giving you more time to invest in this new tax-advantaged strategy
Qualified opportunity funds give investors a tax-advantaged way to pour money into economically distressed areas. The IRS is giving these taxpayers until the end of the year to select the projects they will back. Read Article
The recovery from the coronavirus sure looks V-shaped, going by these charts
A better-than-expected jobs report is the latest data point that shows a possible quick recovery for the U.S. economy. Read Article
'It's going to be ugly,' analyst says as mortgage rates suddenly spike on shocking jobs report
What's good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates loosely follow the yield on the 10-year Treasury. Read Article
Coronavirus-fueled wave of foreclosures is unlikely, says Mortgage Bankers Association CEO
Bob Broeksmit, CEO of the Mortgage Bankers Association, joins "Squawk Box" to discuss the state of the housing market amid the coronavirus pandemic. Read Article
Mortgage bailout total shrinks for first time since start of pandemic
The number of borrowers in both government and private-label mortgage forbearance programs dropped by 34,000 last week, according to new numbers from Black Knight, a mortgage technology and data provider. CNBC's Diana Olick reports. Read Article
Government's mortgage bailout tally shrinks for the first time since the coronavirus hit
Fewer borrowers are now in mortgage relief programs that allow them to delay their monthly payments due to the coronavirus crisis. The mortgage market, however, is not out of the woods yet. Far from it. Read Article
Zillow data shows owners of vacation rentals are now looking for longer-term renters
Zillow has seen significant increases in listing for furnished rentals and rentals of six-months or less, a sign that Airbnb hosts have pivoted to the long-term rental market as a result of the coronavirus's impact on the tourism industry. Read Article
Here's what may be next for businesses skipping rent payments
Commercial rent may be in trouble as businesses struggle to make payments. Heather Long of The Washington Post joins CNBC's Kelly Evans to break down commercial retail rents. Read Article
Chairman of McKinsey Global Institute on racial wealth gap
James Manyika, chairman of the McKinsey Global Institute, joins "Closing Bell" to discuss what companies can do to address the racial wealth gap. Read Article
