Home shoppers signed 1.5% fewer contracts to buy existing homes in April compared with March, according to the National Association of Realtors’ Pending Home Sales Index. Sales were 2% lower compared with April 2018, the 16th straight month of annual declines. Pending sales are an indicator of future closings and are therefore the most timely
Real Estate
This New England Farmhouse, in Concord, MA, has the beautiful traditional lines of a farmhouse but all the modern technology and materials available today. The standing seam roof adds a striking look to this stately house. Photo courtesy of Eric Roth for Prefabulous + Almost Off the Grid, published by Abrams Years ago standing seam
Kena Betancur | Getty Images New Jersey, it seems, is the last place where people want to spend their golden years. Almost 67% of all New Jersey moves were outbound last year, according to a survey from United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30,
The Surf Club is a 1929-built landmark in Surfside. Courtesy of Kobi Karp Architect Kobi Karp doesn’t merely build structures—he builds bridges. Not water-traversing spans but metaphorical bridges that link people, cultures, neighborhoods and communities. And from where he stands, the views are spectacular. Miami architect Kobi Karp Courtesy of Kobi Karp Karp’s method: he
A woman walks next to a “For Rent” sign at an apartment complex in Palo Alto, California. Paul Sakuma | AP Say goodbye to the gift cards, discounts and free amenities from landlords. With rental demand heating up as home buying cools, rent prices are rising and freebies are vanishing. Listings on Zillow’s rental website
Cromwell Place, London’s new arts hub to open in spring 2020 Cromwell Place A brand new kind of arts organisation will open in the heart of London’s museums district next spring. Applying the popular flexible workspace concept of co-working organisations like wework to the art market for the very first time, Cromwell Place is open to UK
The euro area is at risk of a new real estate bubble as a result of expansionary monetary policy from the European Central Bank (ECB), Commerzbank analysts have warned. The ECB council meets on Thursday June 6, and is likely to decide on the details of the third edition of its targeted longer-term refinancing operations
It may not feel like it, but China and the U.S. are in the midst of a cold war. According to a CNBC report, the global technology sector is completely dependent on 17 rare metals that are mostly mined in China. Now the Chinese are hedging about supply. It’s what countries do when they are at war.
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California. Getty Images National home prices rose 3.7% annually in March, down from 3.9% in February, according to the S&P CoreLogic Case-Shiller home price index. Prices had been seeing double-digit annual gains, but they are gone. The largest annual
Mike Sales, Nuveen RE CEO Nuveen RE In this second episode of the #CEOTalks series, having sat down with JLL’s Guy Grainger last time, I spoke about PropTech with Mike Sales, CEO of Nuveen Real Estate. Nuveen RE was born out of the 2019 rebrand of TH Real Estate and, as Nuveen’s real estate specialist,
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close. Total mortgage application volume fell 3.3% last week compared with the previous week, according to the
New York City, USA – April 7, 2018: Street intersection view of urban NYC Herald Square Midtown with red Macy’s store, sunglass hut on avenue Getty Macy’s Inc. (M) might not be a mall, but the retailer seems to be thinking like one nonetheless. As the e-commerce world keeps changing, malls and the real estate
courtneyk | E+ | Getty Images Your home may be many things. A place to raise your family. An opportunity to put down roots. But one thing it is not is a great investment, according to Jonathan Clements, editor of HumbleDollar.com and author of “How to Think About Money.” That’s because the price appreciation of
Portrait of her she nice-looking attractive lovely cheerful glad straight-haired lady holding in hands bags with new look clothing 100 atm income interest wind blowing isolated over beige background. Getty It’s Memorial Day, and while many people will use this time to head to the beach and soak up the first bit of summer-esque sun,
When celebrity plastic surgeon Raj Kanodia started building his 34,000-square-foot mansion to flip for a profit, his real estate friends gave him a warning. “They said, ‘You’re way out of your league,'” Kanodia recalled. “They told me, ‘You’ll run out of money and you’ll be forced to sell it to service your debts.'” Four years
Among the trends are rattan light fixtures and furniture. Courtesy of Out East via Saunders The season of Hamptons getaways officially arrives this weekend, and homeowners are embracing new trends to keep their properties in style. The glitzy, celebrity-studded south fork on the eastern end of Long Island takes pride in being fashion-forward, in everything
A real estate agent, left, talks to potential homebuyers during an open house in the 16th Street Heights neighborhood of Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Mortgage rates declined sharply this week following news of sluggish economic data, showing that trade tensions with China may actually be a boon to the U.S.
A beautiful beach house in Miami. Kobi Karp Architecture and Interior Design The start of summer means the beginning of outdoor living. But, that doesn’t mean you can’t live the outdoor life all year round. According to award-winning architect, Kobi Karp, founder and principal of Kobi Karp Architecture and Interior Design, one of the biggest trends in
Estate agents’ signs stand in front of residential properties in London, U.K. Simon Dawson | Bloomberg | Getty Images Young people in the U.K. are four times more likely to downsize their homes this year than those aged over 55, a new study found. The research, published Saturday by investment manager Hargreaves Lansdown, also showed
Installation View: Artistic License: Six Takes on the Guggenheim Collection, Solomon R. Guggenheim Museum, New York, May 24, 2019– January 12, 2020. Photo: David Heald. © Solomon R. Guggenheim Foundation Solomon R. Guggenheim Foundation Slowly approaching ramp six on the rotunda of the Solomon R. Guggenheim Museum’s Frank Lloyd Wright Building, Lee Bontecou’s Untitled (1966)
Real estate markets in Asia-Pacific grew at a record-breaking pace in the first quarter of this year — thanks in part to China and despite a global decline, according to real estate consultancy JLL. The region recorded a new first-quarter high of $45 billion in real estate transaction volumes, according the company’s Global Capital Flows
Share to facebook Share to twitter Share to linkedin A small modernist masterpiece, the Gropius House stands in a grassy location in Lincoln, Massachusetts, outside Boston. Courtesy of Historic New England, photo by Eric Roth Walter Gropius founded the Bauhaus in Weimar, Germany in 1919 as a school that blurred the lines between fine and
Thomas Dunworth / EyeEm | Getty Images Bay Area tech workers plan to flee San Francisco for the more affordable locale of … New York City. That’s what Wealthfront, an investment management firm that provides robo-advisor services, found when it surveyed nearly 2,700 of its clients who work in the Bay Area at tech companies.
Share to facebook Share to twitter Share to linkedin Fundamental principles of good architecture always outlast fads. AdobeStock_85853500 Does every home need a great room? Do buyers need, or even want, a dining room? How important is the kitchen, especially in a market like New York? Does it matter whether the ceiling is 9’ high,
A sizable drop in mortgage interest rates didn’t do much to help home sales in April, as high prices and tight supply at the low end of the market continued to sideline buyers. Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units,
An upscale, outdoor shopping and restaurant complex recently opened in the Bressi Ranch area of Carlsbad, Calif. — a northern suburb of San Diego that’s also the hub of the golf industry. It has the typical pricey breakfast spot, coffee bar, juice place, BevMo and organic grocery store that are commensurate with this kind of
Billionaire technology investor and philanthropist Robert F. Smith announces he will provide grants to wipe out the student debt of the entire 2019 graduating class at Morehouse College in Atlanta, Sunday, May 19, 2019. Steve Schaefer | Atlanta Journal-Constitution via AP Nearly 400 young men at Morehouse College learned on Sunday that their commencement speaker
Retail giant Walmart is coming back big time lately, as evidenced by a string of quarterly reports — including one this week — which confirm a rise in both store and Internet sales. Walmart reported a 3.4% jump in U.S. Q1 comp sales, and a 37% jump in eCommerce sales. There was a time Walmart
5:00 PM ET Thu, 16 May 2019 Taylor Morrison CEO Sheryl Palmer joins incoming Freddie Mac CEO David Brickman, alongside CNBC’s Diana Olick at the Capital Exchange, exploring the new realities of real estate. She is “bullish” because of demographics. “Now we have to learn how to build on it, and build on it at
When calling a successful portfolio owner for a listing, every commercial real estate broker can tell you the most common phrase they hear: “I would sell if I had a place to put the money.” Typically these owners do not sell property but continue to purchase buildings to add to their portfolio — and the
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