Real Estate

Homebuyers signed 1 percent fewer contracts to buy existing homes in February compared with January, according to the National Association of Realtors’ pending home sales index. These contracts are a harbinger of closed sales one to two months later. Pending contracts were 4.9 percent lower tha a year earlier. “In January, pending contracts were up

Listed for $5.2 million, Nantucket Lightship was converted into a luxury yacht residence with a bright red hull and custom wood interiors. Courtesy of William and Kristen Golden Who wouldn’t want to live on Nantucket? It’s uniquely blessed with galvanizing ocean waves, phenomenal whale watching and mesmerizing sunsets. Nantucket Lightship has served the USA well

House prices in London are falling at the fastest rate in a decade. According to the Nationwide House Price index, prices over the first three months of 2019 in London dropped 3.8 percent in value, compared to the same period in 2018. The biggest drop since 2009. The average house price in London during the

Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to lift the struggling housing market. The Commerce Department said on Friday new home sales rose 4.9 percent to a seasonally adjusted annual rate of 667,000 units last

For aging parents who had a measure of financial success, real estate investments are not unusual. Their portfolios can include single family rental homes, apartment buildings or commercial entities. When they were younger, many of these seniors took pride in managing these investments themselves. But time can take its toll. We are seeing age-related problems

The striking stacked design is by Rafael Viñoly Architects. Steelblue LLC NEMA Chicago and NEMA Boston, two newly-built sleek panoramic towers, are slated to open in 2019 with prominent architectural pedigrees and premium amenities rarely associated with rental properties. At 76 stories, NEMA Chicago is promoted as the tallest residential rental tower in the city.

Homebuyers got a big boost to their purchasing power this week thanks to falling mortgage rates. The average rate on the 30-year fixed-rate mortgage fell to 4.06 percent with an average 0.5 point for the week ending Thursday, down from last week when it averaged 4.28 percent, according to Freddie Mac. A year ago at

Since the dawn of the Internet, entrepreneurs have been encouraged to Think Big, Start Small and Scale Fast. This mantra − particularly the last part − has been enabled by VCs awash in capital, cheered on by the business press, and further validated by Wall Street bankers increasingly inclined to underwrite IPOs with rapid growth in

Homebuyers are less likely to get into bidding wars now that the housing market has cooled off a bit. During the first three weeks of March, a mere 16 percent of buyer offers written by real estate brokerage Redfin faced a bidding war. That is a sharp drop from the 61 percent a year earlier.

Located across from the iconic Hotel Bel Air, the estate is among the most valuable real estate in the USA. The Park Bel Air The Park Bel Air is rarified air. Listed at $150 million, it better be. Perched high upon 10.6 contiguous acres, the cliffside property offers exceptional city, canyon and ocean vistas as

The United Nations’ housing advisor has accused one of the world’s largest corporate residential landlords, Blackstone Group, along with other private equity firms, of “wreaking havoc” in their tenants’ communities and “helping to fuel a global housing crisis,” according to The Guardian. Advisor Leilani Farha and co-author Surya Deva, chairperson of the U.N. Working Group

Skiers in the western U.S. are enjoying one of the best seasons in years. But experts warn that years like this are quickly becoming the exception, not the rule. Snow sport seasons are getting shorter, due to warmer temperatures. That is already having a distinguishable financial impact on residential and resort properties that profit from

Quay Tower, a luxury development in Brooklyn Heights, near the Brooklyn Bridge Park Pier 6 ferry stop. Douglas Elliman New Yorkers are being ferried around the city’s waterways more than ever, and luxury new developments are capitalizing on the trend. Once mostly associated with commuters who braved the cold winds of winter to travel back

Chriselle Lim at home. Karla Ticas Chriselle Lim, who is the Korean-American founder of The Chriselle Factor is more than just a social media star or YouTuber. And perhaps the term “influencer” doesn’t cut it either. While she has over a million followers on Instagram (1.1 million to be exact), she has also excelled as

Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data. Realtors pointed squarely to dropping mortgage rates and home prices for

Share to facebook Share to twitter Share to linkedin Despite divisive contemporary politics, American interest in and appreciation of Mexican culture is reaching new heights. Just last month Brooklyn Museum opened Frida Kahlo: Appearances Can Be Deceiving, the largest retrospective of the iconic artist in the United States, and director Alfonso Cuaron made cinema history

For years, China has toyed with the idea of a property tax, but at least one developer doesn’t think now’s the right time. Zhang Xin, chief executive of real estate developer Soho China, said on Saturday that the country’s economy is too “soft” for such a tax. “In today’s market, when the economy is so

The Kin technology will first roll out in the Jackson Park rental complex in Long Island City. Jackson Park Relief could be on the way for urban families struggling with the high cost of childcare. Kin, a residential brand formed through a new partnership between real estate developer Tishman Speyer and the co-living company Common,

The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. The average lender is offering a rate between 4.125 and 4.25 percent, with more aggressive lenders going to 3.875 percent for borrowers with pristine applications, according

Filipinos are beginning to see the ugly side of the Chinese investments: a large influx of Chinese workers, rising property values, and fears that Philippines could turn into another Sri Lanka. That’s according to several stories that circulated the Asian media since President Duterte opened up the Philippines economy to China. These stories come at

Mortgage rates fell quickly after the Fed’s announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily.

Hong Kong will spend around $80 billion to build one of the world’s biggest artificial islands. Secretary for Development Michael Wong said in a speech Tuesday that around 1,000 hectares of land would be constructed to deal with Hong Kong’s “serious shortage of land supply.” The project’s total cost will be around 624 billion Hong

Does this suit have merit? Is the consumer actully injured by this practice?Sebastian Pichler for Unsplash Last week, a lawsuit was filed by nationally-known class action attorneys Hagens Berman (representing plaintiff Christopher Moehrl of Minnesota) against the National Association of Realtors and the Big Four of the American real estate brokerage scene: Realogy, Home Services

This prime 18-acre land parcel hits the market for $30 million.Jun Tang In the shadow of the iconic Hollywood sign, a new 18.2-acre parcel of undeveloped land hits the market for $30 million. Or in Hollywood movie lingo—it costs as much as Iron Man Robert Downey Jr.’s salary (points aside) for the upcoming film, Avengers:

The nation’s homebuilders are feeling positive about their business, but not as much as they did a year ago. A monthly sentiment measure held steady at 62 from February to March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 70 in March 2018. Anything above 50 is

Marina Bay and Financial district in Singapore. If your city is a tech hub, a finance hub, or known for being an epicenter of high culture, media and entertainment, then real estate prices are likely to be prohibitive for the vast majority of the city’s employees. (Getty Images)Getty Face it, if your city is home to

If you’re a first-time home buyer and looking at cities in California, you may want to rethink your plans. Some under-the-radar metro areas in other areas of the country may provide more value. That’s according to a new study from personal finance website Bankrate, which ranked the 50 largest metro areas in the U.S. for

Share to facebook Share to twitter Share to linkedin Actors Matthew McConaughey, left, and Anne Hathaway attend a special screening of “Serenity” at the Museum of Modern Art on Wednesday, Jan. 23, 2019, in New York. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Invision/AP Overlooking Central Park from high above 5th Avenue is this 7,750 square-foot apartment spread over

The SU+RE House was designed and built by the students from Stevens Institute of Technology for the 2015 Solar Decathlon event and built modular. The large overhangs include “storm shutters” that shade the house in the open position and can be lowered to protect it from water, debris, and vandalism during a devastating storm.Photo courtesy

8 Hours Ago The Hudson Yards mall will appeal to low and high end consumers and aims to go beyond the traditional mall experience. Related Companies Founder and Chairman Stephen Ross, the man behind the mall, sits down with CNBC’s Andrew Ross Sorkin to discuss the ten-year journey. They also touch on the U.S. economy,