Real Estate

The season of spending is officially upon us. According to a report from Mastercard SpedingPulse, retail sales are predicted to hit their highest rate and that E-commerce sales will be up 104%, compared to five years ago. Part of the reason for this increase is that it’s one of the best times of the year to

With no major move in interest rates and continued weakness in home affordability, there was not a lot of incentive for homebuyers to make a move last week, and there was even less for homeowners looking to save money on their mortgages. Total mortgage application volume moved 0.1 percent lower last week from the previous

If you were hoarding receipts in a shoebox with the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act placed steep limits on itemized deductions, including lesser-known breaks for the fees you pay your tax preparer and unreimbursed employee business expenses. The

2 Hours Ago To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. How much house can you afford based on your salary? Real estate expert and Shark Tank host, Barbara Corcoran, has a

U.S. homebuilding rose in October amid a rebound in multifamily housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher. Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined last

House real estate graph price investment mortgageGetty Royalty Free Mortgage loan limits can affect home prices. They’re an important, but often forgotten, part of the story behind The Great Real Estate Bubble and current high home prices. During the real estate bubble of the 2000s, Fannie Mae and Freddie Mac were involved, one way or

Photocredit: GettyGetty It’s one of the oldest tricks in the real estate book. If you’re trying to get the most out of the eventual sale of your property, you should try to buy in an up-and-coming area. Ideally, one that people will be going crazy over in a few years.  However, then the question becomes how

Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest reading since August 2016, but anything above 50 is

Share to facebook Share to twitter Share to linkedin Great RoomLeroy Street Studios The unusual use of setbacks in this penthouse might not be its most defining feature. If it were to sell for its asking price of $37.5 million it will be the most expensive sale south of 14th Street in Manhattan, not to mention of the most

Employees used to be very proud of the GroupJ&P Corporate Brochure Over the last couple of months, stories of mismanagement and bad family business succession planning have been swirling around one of the most prominent groups in Cyprus. The Joannou & Paraskevaides Group (J&P) — one of the most well-known construction groups in Cyprus, Greece

There’s an oversupply of luxury condominiums in most major cities across the country and rising interest rates are making it harder for buyers to make deals, billionaire real estate developer Stephen Ross told CNBC on Thursday. “Today the condo markets … are overbuilt in most areas of the country,” Ross said. That includes the New

“A wood structure will combust almost immediately. And studies show that once a wood structure has 4 or 5 percent of the building on fire, it becomes a total loss because there’s no stopping the fire,” said Ken Calligar, CEO of RSG 3-D, the company that’s bringing the panel to the U.S. for mass production.

Homebuilder stocks are getting hammered. The group fell Friday for the sixth time in seven sessions, bringing the total year-to-date losses for the XHB, a popular homebuilder-tracking ETF, to 23 percent. While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others

The U.S. housing sector is falling apart, and the Federal Reserve is all but ignoring the damage as it prepares for what many expect to be three rate hikes in 2019, CNBC’s Jim Cramer warned Friday. “The housing sector’s a disaster,” Cramer said on “Closing Bell.” “We’re building about half the houses we did when

Amazon CEO And Blue Origin Founder Jeff Bezos Speaks At the Air Force Association Air, Space And Cyber Conference.Getty Images Amazon has come in for a roasting over clauses in its agreements with New York and Virginia authorities promising the e-commerce giant private helipads at the two huge office complexes it’s planning to build. The

Long Island City in Queens, N.Y., may seem ideal for Amazon. Directly across the East River from Manhattan, it offers stunning views, easy access to transportation, and shiny new residential towers already rising by the water. But there is a growing risk to it: The proposed 4 million to 8 million square-foot complex would be

Share to facebook Share to twitter Share to linkedin Backyard PoolConcierge Auctions Peter Lynch has reviewed his portfolio and decided to take about 14,000 square feet off his list of assets. Former manager of Fidelity Magellan fund and interviewed last year as part of Forbes’ 100 greatest living business minds, Lynch has decided to put his southwest home

KB Home shares fell 18 percent on Thursday, headed for its worst day of trading since August 1992. The Los Angeles-based homebuilding company provided lower than expected guidance for its fourth quarter results. Credit Suisse, Wells Fargo, Barclays and Wedbush all slashed their price targets on KB Home stock. Bank of America Merrill Lynch both

Playa Grande Golf and Ocean Club, a private residential resort community being developed on the northeast coast of the Dominican Republic, is destined to become the most exclusive, private members-only property on the Caribbean island.Courtesy of Discovery Land Company Playa Grande Golf and Ocean Club, a private residential resort community being developed on the northeast

Buying a home is generally a person’s single largest investment, and it is therefore an incredibly emotional decision. That may be part of why potential buyers pulled back last week, worried about rising interest rates and about what was behind big daily drops in the U.S. stock market. Mortgage application volume fell 3.2 percent last

This second article on affordable housing looks at how prefabricated housing has evolved, once again appealing to many tastes and economic levels. Last time, we talked about some of the macroeconomic issues contributing to the historically severe housing crisis we are experiencing worldwide. We touched briefly on the origins of factory-built housing, from the early,

The glut of hyperpriced mansions and luxury properties sitting on the market across the country has led sellers to turn to an unlikely solution: auctions. Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according

Aerial View of the islandCoco Prive Yes, James Bond would be right at home here, stretched out on this uber-luxe private island  in the Maldives’ North Malé Atoll. The $45,000 per night Coco Privé resort offers local and international cuisine prepared by your own private chef;  outdoor movies on a theatre-sized screen against a starry

GettyGetty Selling a home is an emotional process, one that can make sellers susceptible to all sorts of pitfalls along the way. In an effort to help make the transition easier, we asked top real estate agents to point out the biggest mistakes that sellers make. Read them over so you don’t fall into the

Sears Holdings is planning to shut 40 more stores early next year. The new closures are in addition to the 142 unprofitable stores the department store chain is already expected to close toward the end of 2018. When it filed for bankruptcy in early October, the company had roughly 700 Sears and Kmart stores still

Crystal City, Virginia looks like a strong contender. photo credit:Getty According to recent news reports, Amazon is reportedly now considering splitting its much anticipated HQ2 headquarters between two cities. Those in the news cycle include Crystal City, in Northern Virginia (about 3 miles south of downtown DC), New York City (Long Island City in Queens)

Sheikh Hamad bin Khalifa al-Thani, of the Qatari ruling family, has just splashed out on a $270-million stand-alone mansion, at 10 Harkin Street in the heart of London’s Belgravia, a stone’s throw from Buckingham Palace. The Sheikh’s new 20-plus-bedroom pied-a-terre is one of those rarest-of-the-rare listed houses in London, set back from the road on

Ex-Trump campaign chief Paul Manafort was in default on a multimillion-dollar mortgage for his Trump Tower condo at the time he forfeited that property to the U.S. government as part of his guilty plea, lawyers for Manafort’s lender said in court papers. And now the lender, UBS Bank, is asking a federal judge for a

The homebuilders are getting crushed this year. The XHB homebuilders ETF and ITB home construction ETF are both tracking for their worst years since 2008, the middle of a housing crisis that demolished the group. They now face a make-or-break level, said Todd Gordon, founder of TradingAnalysis.com. “We are deeply into oversold support here. We

Disgraced hedge fund investor Edward S. Lampert was once lauded by the press as a financial genius. Then he embarked on a crusade to revive Sears. (AP Photo/Gregory Bull, File) As a long-term bear on Sears, I was not surprised to see the iconic retailer file for bankruptcy. I first recommended shorting the stock years