Real Estate

The U.S. housing market has become so cloudy that Lennar says it can’t give investors guidance for 2019. The second biggest homebuilder in the country by market value, second only to D.R. Horton, reported strong fourth-quarter earnings on Wednesday, but the company could only scratch its head when it comes to the future. “Due to

GettyGetty Retention is key to property owners. It’s simple mathematics: It costs a property owner more money and resources to acquire a new resident or tenant than it does to keep one for an extended period. The occupant must be viewed as a customer, one whose needs should be examined and satisfied to the best

Michael Thallheimer was looking forward to hosting Christmas Day at his new three-bedroom house in Rio Dell, California. Then the government shutdown hit on Dec. 22, putting his USDA loan on hold. The government’s mortgage program for low- and middle-income Americans in rural areas is currently not issuing any new funds in the meantime. Thallheimer

Concessions, such as a free month’s rent or a waived broker fee, are typically more common in the colder months, but not this year, brokerage Citi Habitats found.Getty Those looking to move to, or within, Manhattan this season should expect high prices and a need to compromise on amenities like specific neighborhoods or a doorman, according

Hello, San Antonio! Seniors residing in this Texas city have the have the largest non-mortgage debt balances. Those were the findings from a study by LendingTree. The site, an online loan marketplace, analyzed the data of more than 75,000 of its users. Excluding mortgages, residents of San Antonio between 65 and 70 years of age

The concrete estate can withstand hurricane winds up to 180 mph.Douglas Elliman Real Estate Writing this was like pulling teeth. You’ll soon see why. If anyone could afford to bite off more than he can chew, it’s dental mogul David Willens (sorry, couldn’t resist). The founder and chairman of Sage Dental (a chain of affordable

After a tough fourth quarter, Lennar’s chairman Stuart Miller said December’s interest rate drop spurred a surge in customer traffic through their model homes. As one of the nation’s largest home builders, with a national footprint, what’s good for Lennar could bode well for the broader market for new homes in 2019. “The very quick

The Arthur B. Heurtley House in Oak Park. Illinois, is a stellar example of Frank Lloyd Wright’s Prairie style.Getty If Frank Lloyd Wright had not deserted his wife, six children and left for Europe with his next-door neighbor, Mamah Cheney, who deserted her husband and two children to be with Wright, Mason City, Iowa might

Chinese consumers may have soured on some American products, like iPhones, but they have only sweetened on U.S. residential real estate. They have been the top foreign buyers in both units and dollar volume of residential housing for six years straight, according to the National Association of Realtors, and now they expanding to new, lower

With mortgage rates poised to rise, it might be time to dust off a strategy that could help prospective homeowners afford their new abode. TransUnion, one of three major credit bureaus, predicted that the average interest rate on a 30-year mortgage would approach 5 percent by the end of 2019. This rate is a far

Rudin property management company’s executive vice president and COO, John Gilbert.Courtesy of Rudin It’s common to associate the term “big data” with targeted advertising and invasions of privacy, but for New York City-based commercial real estate management company Rudin, the massive sets of numbers can help save the world. In response to requests from utility

At the Bauhaus, the art and architecture school founded by Walter Gropius, the simplified, low-slung forms of modernism took root. In Dessau, Germany, the site will be 100 years old in 2019.Getty It depends on whom you ask. Millennials or Generation Z members emphatically state their preferences for Atomic Ranches, kidney-shaped swimming pools, interiors a

Asking prices for homes are finally coming down as sellers face the new reality: interest rates are higher than they were a year ago, and potential buyers are now worried about the economy. It’s beginning to look more like a buyer’s market, according to a new report. Home prices, while still higher than a year

Two people use the cash point outside a Santander bank in Cardiff. Santander U.K. plc, a British bank, is a wholly owned by the Spanish Santander Group. (Photo credit: Getty).Getty In the wake of Santander being fined £32.8 million (c.$41.35 million) this December by Britain’s Financial Conduct Authority (FCA), over mishandling thousands of dead customers’

The warehouse sector is booming as online shopping, particularly during the holiday season, boosts the amount of items returned to retailers every year. Warehouses have experienced surging demand since 2012 as e-commerce continues to grow. Construction in the sector is thriving. Now, “reverse logistics,” a fancy term for dealing with e-commerce returns, is the No.

On Christmas Eve, Cory Binsfield, a landlord in Duluth, Minnesota, received bad news from a couple of his tenants: their rent will be late. Normally, Binsfield dings tenants who are more than five days behind with an 8 percent late fee and if he doesn’t see their payment for two weeks, the lawyers get called.

Brooklyn price records before Matt Damon came to town include two townhouses that each sold for $15.5 million. (Photo by Evan Agostini/Invision/AP) photocredit: Evan Agostini/Invision/AP Eighteen months after going under contract for the penthouse in the Standish building, Matt Damon has closed the deal and become the newest title holder of most expensive sale in Brooklyn,

Home sales have stalled in Manhattan, with prices dipping to six figures. GETTY IMAGESGetty For the first time in three years, you technically don’t need a million bucks to afford an apartment in Manhattan. The Manhattan real estate market continued its decline at the end of 2018, with the median sale price falling below $1 million,

Mortgage interest rates fell to the lowest level in four months, but that did nothing to spark activity in the mortgage market. Total mortgage application volume dropped 9.8 percent at the end of last week from two weeks earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. The results included an adjustment for the

Share to facebook Share to twitter Share to linkedin The most expensive sale of 2018 for Greenwich, CT was this Georgian mansionSotheby’s International Realty A home that had originally come on the market for $35 million over two years ago sold at the tail end of 2018 for $17.5 million, making it the highest priced

Manhattan real-estate suffered its worst year since the housing crash of 2009, as tax changes, stock-market turmoil and jittery foreign buyers hurt sales in 2018. Home sales in Manhattan fell 14 percent last year, the industry’s steepest drop since 2009, according to a report from Manhattan real estate companies Douglas Elliman and Miller Samuel. In

The Compass smart sign in New York being utilized by brokers Mike & Marta.Compass Mike Davis and Marta Maletz make up the real estate team of Mike and Marta at Compass Real Estate in New York.  Davis says that when he started in real estate fifteen years ago, print was the holy grail for selling New

British music legend Jimmy Page, founder of the legendary rock band Led Zepplin.  (Photo by Jörg Carstensen/picture alliance via Getty Images)Getty There are rock stars, and there are pop stars.  Jimmy Page is a rock star.  Robbie Williams, formerly of the boy band Take That, is a rather glitzier, and much less meaningful, pop star.  

An oasis for the intellect and the spirit, Rothko Chapel in Houston will begin a restoration and renovation project in March 2019.Courtesy of Rothko Chapel, Photo by Runway Productions Rothko Chapel in Houston is open every day and open to all, but come March 2019, the contemplative center with a global reach and following will

There may be another bear market under way – in New York City real estate. For much of 2018, housing in the Big Apple has been entrenched in a buyer’s market, where prospective homeowners are able to extract lower prices from those looking to sell. A new report from Warburg Realty underscores just how deep

Share to facebook Share to twitter Share to linkedin The living room fireplace is surrounded by a slab of white marble.Andrew Bramasco Billionaire Mark Cuban bought a $19 million beach house on the Southern California coast a few days before Christmas. The home has six bedrooms, nine bathrooms, a media room, a library, a wine cellar, a

Sears is expected to close another round of stores early next year, as the bankrupt department store chain now tries to stay afloat via a $4.4 billion bid from its chairman, Eddie Lampert. Sears told its employees earlier this week that 80 Sears and Kmart locations across the U.S. will shut by March, with liquidation

Sea wreck on Long Island, Bahamas. (Photo by DeAgostini/Getty Images)Getty Star Resort Group Inc. announced plans to build Port St. George Resort, The Bahamas’ first ever eco-engineered luxury waterfront destination. The 882-acre mixed-used tourist development will span coast to coast on Long Island, often described as the most beautiful Bahamian island. Port St. George harbor

Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, Bespoke Investment Group co-founder Paul Hickey told CNBC. He still sees volatility in the weeks or months ahead and thinks the market has yet to hit bottom. However, conditions in the recent sell-offs seemed to yield

Share to facebook Share to twitter Share to linkedin The South Beach condo once owned by famed architect Zaha Hadid is available at $37,000 a month.Douglas Elliman Real Estate Zaha Hadid, once the most famous female architect in the world, redesigned her own condominium at W South Beach in Miami Beach, Florida, where she lived