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Real Estate
Company needs to cut 85% of its workforce
Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a "bloated" workforce have been a drag on the company's culture, as he vowed to slash headcount."There's 1,400 employees at Opendoor. I don't know what…
Opendoor stock soars 65% after company names new CEO
OpenDoor is disrupting the real estate market with its new model. It buys homes and sells them on its platform.OpendoorOpendoor stock rocketed 65% higher on Thursday after the retail favorite named Shopify executive Kaz Nejatian as CEO…
Mortgage demand jumps to the highest level in three years
An aerial view of homes in a neighborhood on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty ImagesA sharp drop in mortgage interest rates finally got some homebuyers off the fence. It also helped more current…
AI tech talent is juicing these real estate markets
Pete Lomchid | Moment | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to…
Norway sovereign wealth fund invests $543 million in Manhattan offices
The building located at 1177 Avenue of America is seen in New York.Adam Rountree | Bloomberg | Getty ImagesNorway's $2 trillion sovereign wealth fund intends to invest more than half a billion dollars in a New York City office building,…
How Italy’s flat tax regime has sparked a super rich boom in Milan
Italy — a perennial favorite of the rich and famous — is attracting a new wave of ultra-wealthy arrivals looking to take advantage of its investor friendly environment, thriving real estate market and low tax regime.As many other…
Former Fed Gov. Kugler’s property records deepen mystery of her
Former Federal Reserve Governor Adriana Kugler's abrupt resignation from the board on Aug. 1 – and her unexplained absence at a key meeting two days earlier – left the financial community shocked and confused.Nominated by Democratic…
Quarterly demand for industrial space falls for the first time in 15 years
Owngarden | Moment | Getty ImagesFive years ago, when the pandemic pushed e-commerce to new highs, the industrial warehouse space became the biggest commercial real estate play around. It began to slow in 2022, but now economic…
Pulte refuses to say where he got Lisa Cook mortgage fraud ‘tip’
Bill Pulte, President Donald Trump's housing finance chief, on Thursday repeatedly declined to offer any details about where he got the "tip" that led him to accuse Federal Reserve Governor Lisa Cook of mortgage fraud."I'm not going to…
CRE giant BGO uses AI to find undervalued assets in unlikely areas
Investors own more than 131,000 homes in the Las Vegas Valley now.Las Vegas Review-journal | Tribune News Service | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play…