Real Estate

Patrick T. Fallon | Bloomberg | Getty Images Mortgage interest rates have been falling since May, especially sharply this month, so borrowers, especially millennials, are rushing to refinance. Applications to refinance were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has lenders scrambling to keep

Homeowners rushed to take advantage of a sizable drop in mortgage interest rates last week, but potential buyers were unimpressed. Total mortgage application volume rose 5.3% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 46.5% higher than a year ago, when rates were significantly higher. Refinances drove the

Sandrine Deveaux, managing director of Farfetch’s Store of the Future, a concept the company has been testing in London. Luke MacGregor/Bloomberg Farfetch, with a $5.4 billion market cap, is the largest player in the rapidly growing space of online luxury marketplaces. But its stock has tumbled this year, from a high of $29.69 in March

Investing in real estate property comes with its own set of risks and considerations. For instance, properties may have more repair needs than are immediately obvious, or there may be questions about the strength of the local job market or whether the season will impact the area’s draw. One of an investor’s primary concerns is figuring

People look at a home for sale during an open house on April 16, 2019 in San Francisco, California. Justin Sullivan | Getty Images Falling mortgage rates and strong employment drove consumer confidence in housing to a record high in July, according to a monthly index from Fannie Mae. At the same time, bidding wars

This second generation night table has a cooler drawer, wireless charging, Bluetooth speakers, motion sensor lighting, cable management, accent lighting, and charging/power ports. Photo courtesy of Sobro. As houses and apartments get smaller, convenience and multifunctional furniture (and rooms for that matter) become more and more essential. Night tables in particular get so cluttered with

A residential community in Omaha, Nebraska. Nati Harnik | AP Affordability is driving more homebuyers away from big cities and toward smaller, unexpected markets. The suburbs of San Francisco and New York City used to be the most attractive, but now names like Omaha, NE and Rochester, NY are replacing them. This year’s hottest zip

Penthouse Dining Room List Sotheby’s International Realty, Singapore A rare blue diamond valued at $3 million can yours if hurry up and buy this 11,000 square foot penthouse before the end of August. The ‘diamond package’ also comes with forty hours of aircraft charter in a Global 6000, courtesy of Singapore Air Charter (valued at

A real estate agent, left, with prospective buyers in Doral, Florida. Getty Images Escalating tensions over a trade war with China sent investors rushing to the relative safety of the bond market late last week. That pushed the yield on the 10-year Treasury, which mortgage rates loosely follow, down sharply. The average rate on the

Home prices continue to gain, and while the gains were still shrinking in May on a national level, some markets are seeing stronger price appreciation yet again. Nationally, home prices rose 3.4% annually in May, down from the 3.5% annual gain in April, according to the S&P CoreLogic Case-Shiller home price indices. The 10-city price

The great room is lined with floor-to-ceiling windows, and a sofa is built into the steps. Heritage Auctions A live auction will be held August 12 for the Sondern-Adler house, a Kansas City, Missouri home that inspired famed architect Frank Lloyd Wright to call it “a little gem.” Heritage Auctions is preparing to hold the

Storage unit renter carrying a box of belongs Credit: Shutterstock Moving is stressful enough without having to deal with the loss of irreplaceable family treasures. But that’s what happened to Sid Barrett and his family when they moved from Atlanta to Taos, New Mexico last year. Barrett said that after charging him “a fortune” to

Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage demand dropped to its lowest level since March, even though interest rates were much higher back then. Overall volume for mortgage applications fell 1.4% last

Water Views Bespoke Marketing “I gave up 60 percent of my development rights,” said Jay Bialsky, principal behind a forthcoming development on the waterfront in downtown Sag Harbor. The entire 1.94 acre site has sat for the past 13 years without any developer being able to get past the Architectural Review Board, but the now-approved

The future for Hong Kong’s property market is bleak, according to a commercial real estate services researcher. That “dim outlook” on the city’s property comes amid a possible U.S. recession and China-U.S. trade tensions, Denis Ma, head of research at Jones Lang LaSalle, said Tuesday. “If you look at Hong Kong’s property market, historically, basically

Back view of happy family is standing near their modern house and hugging Getty There’s no denying that building a custom home is a huge investment of time and money. You’re going to want to go into the building process feeling as informed as possible on what you can do to ensure you end up

Sheryl Palmer, CEO, Taylor Morrison Home Corp. Scott Mlyn | CNBC It didn’t take long, but the build-for-rent space is starting to get a little crowded. Scottsdale, Arizona-based Taylor Morrison just announced a partnership with Christopher Todd Communities, also based in the state, to build single-family, rent-only communities. It’s part of a trend of builders

Logan’s Crossing in Chicago’s Logan Square is among a new breed of multifamily buildings with groceries in or near the buildings. Fifield Cos. These days, multifamily developers vie avidly on amenities designed to lure renters and buyers. Smart home features, golf simulators, bike kitchens and refrigerated package lockers are just a few line items on

Downtown Scottsdale and suburbs of Phoenix, Arizona, with the White Tank Mountain Range in the background. JacobH | Getty Images Your next rental destination just might be in the Sun Belt. Scottsdale, Arizona, is the best place for renters, according to an analysis by WalletHub. The personal finance website studied 182 U.S. cities, and evaluated

Weather prediction is getting much better. Now, innovative companies are spinning that increased capability into lucrative new business models. ClimaCell, featured in a July 24 Forbes story, combines data analytics, traditional inputs and the analysis of signals beamed between cellular towers to predict local weather six hours in advance. The dark clouds. The sky in black. Pattern

A realtor, right, walks with potential home buyers as they tour the property of a home for sale in Sparland, Illinois. Daniel Acker | Bloomberg | Getty Images The recent weakness in the housing market could be turning around, thanks to a steep drop in mortgage interest rates. Consumers signed more contracts to buy existing

The Castle, asking $75 million Unvarnished “I’m not a big fan of walking through the front door and giving up the water right away,” says designer Scott Gillen. He’s referring to the design intent behind his latest project, The Malibu Series—a collection of 12 homes throughout Malibu which total over $500 million in combined asking

The Zipper Building, a former zipper factory in Long Island City, retains original features like exposed brick. Modern Spaces Everywhere you turn in New York City, it seems there’s a new glass tower springing from the ground. But some developers have decided instead to repurpose vacant, historic properties, and getting creative by retaining their original

Casino slot machine, jackpot, wealth, luck and success concept Getty If you’re surprised to see such a title – “7 REITs Yielding 7% – or More!” – from Mr. Conservative Investor Brad Thomas, I don’t blame you one bit. I know I’m the one who normally cautions against dividend yields that are too high or

A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images High prices are hitting the Southern California housing market hard, reversing the sales gains over the past few months. Sales fell 6.9% in June compared with May and were down 8% annually,

New England’s high end homeowners want beauty in their homes, but they want energy conservation, too. Regina Cole An informal poll of some of New England’s housing industry professionals tells us that sensitivity to the environment is growing. “Our clients are well schooled in matters of energy conservation; they come to us with a high

Demand for single-family rental homes is surging, and homebuilders are now stepping in, redesigning and reimagining the sector — and becoming landlords themselves. While builders have always sold some of their new homes to investors as rentals, the strong demand has some moving into the space exclusively. AHV Communities, partnering with Bristol Group, is putting

Customers shop at a Home Depot store in Chicago, Illinois. A shortage of single-family homes for sale in the U.S. is driving up home prices and causing many home owners to renovate rather than move, which is driving up earnings and stock prices for Getty Images Amid the shuttering of many brick-and-mortar stores and slow

Dick Cavett’s estate in Montauk is listed at $33.95 million, down from $62 million in 2017. Source: Corcoran It’s been a cruel summer for Hamptons real estate Real estate sales and prices in the Hamptons continued to fall in the second quarter, marking a year and a half of declines, according to a report from

ISOLA DEI PESCATORI, ITALY – JUNE 2, 2018: Isola dei Pescatori, also known as Isola Superiore, one of the three principal Borromean Islands on Lake Maggiore Getty The largest population of cash buyers at the moment is retirees and with all that money to burn a few niche areas around the world are coming up with