Real Estate

Wynn Resorts shares declined more than 12 percent during after-hours trading as the company missed estimates in its quarterly earnings. The hotel and casino company reported earnings of $1.68 a share, while analysts expected $1.69 a share. However, it did beat on revenue, coming in at $1.71 billion versus an estimate of $1.66 billion. The

In a surprise move, Amazon HQ2 may be split between two cities. One of those cities is the Long Island City neighborhood in Queens, according to The New York Times. (Amazon hasn’t confirmed the reports, but a formal announcement is expected soon.) I’ve been a New Yorker for over a decade, and lived in Long

Bob and Gilda Marx’s Beverly Hills manor is listed for $12.5 million.Bel Air Photography A Beverly Hills English-style manor comes to market with an extraordinary pedigree of success and positive energy, courtesy of Bob and Gilda Marx, the active homeowners who have radiated exceptional light and love on this dynamic estate for 36 years. The

Which city (or cities) will Jeff Bezos choose for Amazon’s HQ2?ASSOCIATED PRESS Amazon may be close to deciding on a location for its second headquarters complex – perhaps two locations, if the Wall Street Journal is correct. The Washington, D.C., suburb of Crystal City, Va., is in advanced discussions with Amazon, according to the Washington

Home improvement retailer Lowe’s announced Monday it is closing 20 stores in the U.S. and 31 stores in Canada. It said that the majority of store closures occur where there two Lowe’s within 10 miles of each other. Lowe’s CEO Marvin Ellison said the closures are a “necessary step in [the company”s] strategic reassessment as

Getty Free Images The tax benefits of owning real estate in an IRA plan certainly seem appealing at first glance. Under a self-directed IRA, you can control your investments, and the tax benefits of owning real estate in an IRA plan certainly seem appealing at first glance. In a Roth IRA, contributions are made with

T-Mobile CEO John Legere is selling his luxury New York City penthouse, located in the exclusive Central Park West neighborhood, for nearly $18 million. The penthouse, part of the 16-story 91 Central Park West building, was recently listed by Compass Real Estate Legere appears to have struggled to find a buyer for the palatial apartment,

The economy under President Donald Trump is “doing pretty well” and can stay on track even if the Democrats win the majority in the House in next week’s midterm elections, billionaire investor Sam Zell told CNBC on Wednesday. “I think there’s a lot more clarity in public policy. I think there’s a lot more clarity

Getty Royalty Free We are not in a housing bubble. The tool that helped me identify the last bubble—measuring new construction relative to population growth—helps me now say we are not overbuilding. I recently ran into someone who recalled a presentation that I made to his company’s management team in 2006. He not only recalled

Getty Free Images My August 28, 2018 post discussed how the new Section 199A 20% deduction rules apply for real estate investors and professionals, and referred to certain other rules to be covered in a future posting. You can review that post by clicking here. By way of brief review, the Section 199A deduction allows

Financial stress visits renters more than homeowners. That’s the main takeaway from a new report by the Urban Institute, a nonpartisan think tank in Washington. Rental costs are rising much faster than renters’ salaries. Between 1960 and 2016, the median income for a renter grew by just 5 percent. During the same period, the median

A rough combination of higher costs and lower demand is putting a chill on the once-red-hot house flipping market. Following the epic housing crash, flippers poured in, buying up distressed properties at bargain prices, fixing them up and flipping them either to residents or to other investors. That continued for years, but now the math

Vector of a businessman hand holding credit cards. For millions of Americans, it might soon be easier to get a mortgage loan — or any type of loan, for that matter — especially if they fall in the 500 to 600 FICO score range or have little to no credit history at all. The change

HOLLYWOOD, CA – FEBRUARY 29: Actor Johnny Depp (centre), mother Betty Sue Palmer (left) and girlfriend Vanessa Paradis attend the 76th Annual Academy Awards on February 29, 2004 at the Kodak Theater, in Hollywood, California. (Photo by Frazer Harrison/Getty Images) During a Breeders’ Cup week, it sometimes pays to take a glance at the local

Home sales in the San Francisco Bay area have been falling for months, but in September buyers pulled back in an even bigger way. Sales of both new and existing homes plunged nearly 19 percent compared with September 2017, according to CoreLogic. It marked the slowest September sales pace since 2007 and twice the annual

Higher mortgage rates and overheated home prices hit Southern California home sales hard in September. The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic. That was the slowest September pace since 2007, when the national housing and mortgage crisis was

Student loan debt can impact Millennial buyers Student loan debt is impacting some first-time Millennial homebuyers. MagnifyMoney, a LendingTree-affiliated online site that helps consumers compare financial products, recently looked at student loan debt and Millennial average net worth. There were some interesting findings. According to the MagnifyMoney team, “Millennials with student loan debt tend to have

A federal lawsuit filed Monday accused President Donald Trump, three of his children and their company of “deliberately” defrauding and conning “thousands” of working-class Americans by touting a marketing company as a great investment opportunity when in reality it was anything but that. The Trump Organization immediately claimed the new racketeering suit is politically motivated.

Once the Sears warehouse and distribution center for the northeast, the building has become a beloved Boston landmarkMike Diskins In Boston’s Fenway neighborhood stands a one million square foot yellow brick and limestone Art Deco building with a 200-foot tall central tower. It has a twin in Minneapolis, as well as siblings in Atlanta, Seattle,

A Proposal for Fannie and FreddieFannie Mae / Freddie Mac Fannie Mae and Freddie Mac have now been in Federal Governmental conservatorship for 10 years, with no end in sight and no plan for their future. While the prevailing political climate is hostile to the agencies continued existence, there is also a well-justified fear that

Homeownership in America is not as common as it once was — especially for today’s young people. That’s the main takeaway from a new investigation into generational housing trends by the Stanford Center on Longevity. Around 63 percent of Americans owned a house in 2016 — the lowest rate in half a century. Nearly 70

Getty Royalty Free This year’s National Property Preservation Conference is set for November 5-7 in Baltimore. Since 2004, conference attendees from across the mortgage industry and affiliated industries have gathered to dialogue how best to protect and preserve vacant and abandoned properties. The forum grows an informed network “for strengthening partnerships, cooperation, and support throughout

Home sales eked out a small gain in September, but the pace is still lower than last year, as affordability weighs on buyers. Signed contracts to buy existing homes rose 0.5 percent from August but were 1 percent lower than September 2017, according to the National Association of Realtors. This is the ninth straight month

Share to facebook Share to twitter Share to linkedin A woman pushes a cart as she walks along side of the facade of a former bank held up by steel beams during reconstruction in an opportunity zone in Newark, N.J. The Trump administration on Friday, Oct. 19, proposed rules for investors in a new program

The housing market may be slowing down, but Nobel Prize winner Robert Shiller told CNBC he isn’t fearful that a big downturn is ahead. During the financial crisis, the fluctuation of home prices was the sharpest anyone had ever seen — and the word “housing bubble” entered the vocabulary, the Yale economist said. Now, “you

The sharp decline in housing stocks has been driven by investor fear that higher interest rates would “put the kibosh” on the real estate market, top housing analyst from Evercore ISI Stephen Kim told CNBC on Thursday. The strong economy was “an enemy within” because although it benefited housing companies, it also drove rates up,

Indirect natural light (and lots of it) fills the studio bays of the new Sarah Campbell Blaffer Foundation Center for Conservation at Museum Fine Arts, Houston.Courtesy of Museum Fine Arts, Houston/Richard Barnes One of the largest contiguous spaces for a public museum’s conservation efforts now caps and cantilevers over an existing parking garage at Museum

Plastic might be a trendy component of your next home remodeling project. No, not as a design element — as a source of funding. Last year, 1 in 3 homeowners paid for at least part of a renovation project with a credit card, according to a new report from home remodeling and design platform Houzz

The future Mr. and Mrs. Arie Luyendyk.Nicole Hill Gerulat Algorithms change and home trends come and go, but there’s only one secret to designing a kitchen that shines on social media—making the space your own. While it’s hard to deny the wow factor of white countertops and shiplap dominating Instagram—kitchens that truly deserve the ubiquitous

See video below for how a landing pad will emerge from a rooftop pool on demand.Paramount Miami Worldcenter As cities become increasingly crowded, vertical living takes on a greater level of importance in people’s lives. Many of today’s buyers no longer see a condo as a temporary first step to the property ladder but are approaching multi-family