A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo
Real Estate
At times in its long history, the New Jersey waterfront setting of Port Imperial, across the Hudson River from Manhattan, has been highly sought for very different reasons. Early in the 20th Century, the port’s prime location along the river so near Midtown made it a prime place to establish humming manufacturing plants and busy
Serial entrepreneur Bill Smith launched Landing in 2019. The furnished apartment rental firm expects $200 million in revenue this year by catering to the work-from-anywhere generation. Bill Smith steers his black Tesla X through the streets of downtown Birmingham, Alabama, and pulls into a low-rise apartment complex. “This used to be a brothel 100 years
The idea of branded residential properties is not new—roughly a hundred years ago, the Sherry-Netherland became the first branded hotel development to feature fully-serviced apartments. While the idea may not be revolutionary, the branded residence sector is going through something of a revolution. In the last decade, residential properties attached to brands have expanded 230%,
Late last year, a flood of cash from tech enthusiasts and corporate marketers ignited real estate prices in the metaverse. Alt-coin owners and CryptoPunk NFT collectors with stars in their eyes and cash in their pockets looked to justify soaring prices by buying properties near those of celebrities, many of whom were using the metaverse
With a steady supply of multi-million dollar properties dotted across a varied topography, Los Angeles is home to some of the most affluent neighborhoods in the country, many of which have become household names. Nowhere are these neighborhoods more clustered than on the city’s Westside. Comprising more than 20 Los Angeles neighborhoods, the sprawling western
Mountain towns across the country have yet to settle from the avalanche of home buyers that has been sweeping through states such as Colorado, Montana and California for the past two years. Thanks to an increase in remote work and a growing appetite for lifestyle home purchases, mountain properties continue to be hot commodities—so much
Thinking about buying a home? Now could be a good time to do it. The current average 30-year fixed rate mortgage as of Aug. 11, 2022 was 5.46%, according to BankRate’s analysis. Although that rate is lower than July’s average rate of 5.73%, it remains much higher than Aug. 12, 2021’s average rate of 2.87%
Traditional design done well can give an estate instant gravitas. And that’s what this newly built home in Montecito has. The two-story has a timeless elegance that makes it looks as though it is truly rooted in the Southern California coastal enclave, which evolved over more than a century from a popular spot for wealthy
Like many famous residents living within its rolling landscape, the Hollywood Hills are much more than what is visible to the public eye. For starters, the central Los Angeles neighborhood is actually composed of 10 smaller neighborhoods, including notable enclaves such as Laurel Canyon, the Bird Streets and Sunset Plaza. Stretching across the Cahuenga Pass
More than 300 years of agricultural and architectural history are represented at a 135-acre property in Clarksville, Maryland. Known as Richland Farm, the spread about 25 miles outside of Baltimore has earned a spot in the National Register of Historic Places as a “farmstead which characterized rural Howard County from the late 18th century through
How I Met Your Mother star, Alyson Hannigan, and her husband, fellow actor Alexis Denisof of Angel fame, are selling an architectural masterpiece home known as the Sherman Residence. At $18 million, a sale near the listing price would be more than twice the $7.95 million the couple paid for the Encino compound back in
While home sellers might enjoy seeing potential buyers fight over their homes, the housing market is seeing a decline in bidding wars, leaving those buyers who are still waiting on the sidelines more options and negotiating power. Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July,
Topline Buying a home is the least affordable it’s been in over three decades, according to a metric released Friday, as home prices explode and Americans face record high prices elsewhere. Key Facts The National Association of Realtors’ housing affordability index, calculated using median single-family home prices, mortgage rates and median family incomes, hit 98.5
In this article CAPN-SG Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment. Its half-year financial results on Thursday revealed that CapitaLand Investment’s profit fell 38% to $433 million Singaporean dollars ($316 million) for
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist —
Marilyn Monroe lived in many homes during her glamorous career. For her, homeownership seemed to carry more weight than her three marriages during her short lifetime. Famous for playing “blonde bombshell” characters in comedies such as Some Like it Hot and Gentlemen Prefer Blondes, she became one of the most popular sex symbols of the
With the Atlantic coastline, a river and islands, Norwalk, Connecticut, has much to offer in terms of natural beauty. There are also Greek, Scottish and oyster festivals; lighthouses, museums and an aquarium. Its history runs deep. This renovated residence in the Shorehaven area of East Norwalk sits on more than an acre along a quiet
Most of us agree that home ownership is the best opportunity to build wealth for most Americans. But there are situations when renting makes more sense. “When you pay rent, you are paying someone else’s mortgage,” says Brian Rugg, Chief Credit Officer at loanDepot, the Lake Forest, California-based nonbank holding company which sells mortgage and
In this article F RKT A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. “It is absolutely magnificent what happened throughout those 15 years.” Between 2010 and 2019, just 708 new housing
An “Open House” sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022. Mark Felix | Bloomberg | Getty Images After dropping at the end of July, mortgage rates moved higher on average again last week, but the daily moves were volatile. Mortgage demand was split, with gains
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