Real Estate

Of the properties listed last spring that have been sold, 70% closed below their asking price, according to a new report from the listings site StreetEasy.Getty Home sellers in New York City are in for a challenge this spring. Those who plan to list their properties for the first time in the next few months

With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a market already experiencing a critical shortage, according to Freddie Mac. To put it in perspective, that is about the same number of new single-family and multifamily housing units

Markets always bounce back, but sometimes the climb back to the heights is slower than the drop from them. The U.S. real estate market, like the rest of the economy, took years to recover from the shock of the 2008 financial crisis. Though observers were pleased with the market in 2017 for the first time

Amazon has shown that it is “antithetical” to New York values, and the company should not be allowed to build its second headquarters in Queens until it changes its ways, City Councilman Jimmy Van Bramer told CNBC on Monday. Bramer, deputy leader of the 51-member council, said one reason he is against the HQ2 deal

A new study by realtor.com finds that the vast majority of Generation Z values homeownership and sees it as a life goal. VHT Studios/Baird & Warner A large number of the Generation Z population might live with their parents now, but that doesn’t mean they don’t want to eventually own a home. Nearly 80% of the

An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed, but had sold in 2012 for $47 million. At the time, that marked

Share to facebook Share to twitter Share to linkedin Selling homeGetty I wrote  last month that the market for potential reverse mortgage borrowers is limited to high-end income, highly educated people in stable neighborhoods with appreciating homes. RMs may make sense for some, but decidely not all. I aim to extend my analysis of the

When 55places.com, an online resource for active adult communities in the U.S., identified the most affordable places to retire in 2019, one sun-drenched state — Florida — stood out by landing four of the top five spots, if not the No. 1 perch itself, which goes to the most populous city in a much chillier

The 11,700 sq. ft house is asking $24.5M.Kris Tamburello There’s a new home overlooking Biscayne Bay that could become the highest priced single-family home in Bal Harbour if it sells for its $24.5 million asking price. Designed by team Choeff Levy Fischman—the same architects behind the ’floating’ home of a certain famous rapper—this 8-bedroom, 9-bath house makes use of a similar architectural approach

Sears was granted a new lifeline on Thursday as its sale to Chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by Judge Robert Drain. The approval guarantees that Sears will live on at least until Friday, when Lampert’s $5.2 billion deal to buy the company is expected to close.

A customer uses an automatic teller machine (ATM) at a SunTrust. Photographer: Eve Edelheit/Bloomberg© 2019 Bloomberg Finance LP A decade ago, the suburbs of Atlanta and real estate developments from North Carolina all the way down to Florida were considered by many to be the epicenter of the housing and commercial building bust. Ten years

More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey. The share of Americans who say it is a good time to buy a home increased four percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share

Every home that agents sell has good and bad points in some balance. Clearly, it’s easier to sell the ones in which the good overwhelms the bad.© Christian Hillebrand – stock.adobe.com Beauty may be in the eye of the beholder, but not when it comes to real estate. Viewing a number of high-end properties in

As if tensions weren’t running high enough in Washington, D.C., Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in

Gifts for your sweetheart.byrobynblair Valentine’s Day is all about expressing love. But giving a standard gift like candy or roses shows little thought. So, this year, say it with decor. A beautiful item for the home will be appreciated for years to come. From decorative objects to art, well-designed small appliances, luxurious bedding, and more, here are

Home prices rose 4.7 percent in December, according to CoreLogic. That is the smallest annual gain since August 2012. Prices are still rising because of the shortage of homes for sale, especially on the lower end of the market. But rising mortgage rates took their toll on affordability last year, causing sales to slow. Prices

Share to facebook Share to twitter Share to linkedin The Malibu beach house belonging to Brady Bunch co-star, Barry Williams, has hit the market for $6.375 million.Courtesy of The Agency The Malibu beach house belonging to Brady Bunch co-star, Barry Williams, has hit the market for $6.375 million. Located on the beach in private, guard-gated

Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. Enter EasyKnock, a barely 2-year-old company that will give you cash

Natural light can boost a buyer’s mood when walking through your home.Armstrong Flooring Selling your home in the spring doesn’t mean you have to actually wait until spring to prepare your home for a sale. After the holiday whirlwind of festivities and guests, it’s time to get your house in order this winter for a

Portrait of a family of four standing in front of their new home photo credit: GettyGetty There’s a lot for homebuyers to be optimistic about as we head into February. Mortgage rates hit their lowest monthly average in nearly a year last month, and 15% of listings saw a price cut in the same period.

After falling for two weeks, mortgage interest rates turned ever so slightly higher last week, and that apparently turned potential borrowers back on their heels. Mortgage application volume decreased 3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 16.5 percent lower than a year earlier.

The Star — originally the Texas Company (Texaco) regional headquarters and now a luxury residential tower — earned ULI-Houston’s Development of Distinction Award in the for-profit category (large scale, more than 100,000 square feet). Photo courtesy of Urban Land Institute-Houston and The Star Urban Land Institute-Houston announced its 2019 Development of Distinction award winners.  And while

Super-wealthy investors are making some changes to their portfolios for 2019. They are increasing their cash holdings and reducing their equity exposure. They are also cutting back on some of their real estate investments and finding a “short-term solution” in fixed income, according to Michael Sonnenfeldt, founder of investment club Tiger 21. “There’s a lot

The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007. From November to December, sales of new and existing houses and condominiums in Los Angeles,

Okan Tower is among several new downtown Miami developments soaring skyward within a one-mile radius of the Virgin Trains USA high-speed train line terminusBehar Font & Partners With commuter and interurban train lines sprouting in large metros nationwide, observers are closely studying the lines’ impact on residential property development near stations. Of particular interest is

Share to facebook Share to twitter Share to linkedin The private rooftop deck is 1,580 square feet.Related California A full floor penthouse overlooking the Bay has come to market in The Avery building and if it were to sell for the ask of $41 million it would be the priciest condo on record for the

House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales index was also down a dramatic 9.8 percent compared with December 2017. This marks 12

Though heirs coming out of the woodwork to lay claim to the family home might seem like something out of a novel, it does happen. When something like this occurs, the homeowner needs to be prepared to defend his or her claim on the home. That’s where title insurance comes into play. Below is an explanation of what

Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite annual increase also fell to 4.3 percent, down from 4.7 percent in the previous month. The 20-city Composite saw a 4.7 percent annual gain, down from 5.0

Summer shoppingGetty The next big global generational shift welcomes digital natives into the marketplace. Demographers predict that sometime in 2019, members of Generation Z will outnumber Millennials. We’ve been discussing the impact of Millennials on retail for some time. But as the trailing generation of Gen Z consumers begins to turn 21, retailers are quickly