Real Estate

The Lighthouse New life for a Connecticut mansion: a recovery center for Wall Street executives. In the woods of New Canaan, Connecticut, a one-hour drive from the skyscraper canyons of Manhattan, an elegant mansion has found new life as a “halfway house” for Wall Street executives recovering from alcoholism and drug addiction. Although, when it’s

U.S. homebuilding surged to near an 11-year high in May amid an acceleration in both single-family and multi-family home construction, but a second straight monthly drop in permits suggested housing market activity will remain moderate. Housing starts jumped 5.0 percent to a seasonally adjusted annual rate of 1.350 million units last month, the Commerce Department

Much has been made about how autonomous vehicles will impact parking. To allow for alternative uses once autonomous vehicles become more pervasive, new commercial parking facilities are now frequently being designed and constructed with flexibility in mind. Developers are even going so far as to explore ways to repurpose existing parking garages. Far less has

Consumers can use credit cards to pay for nearly everything, everywhere these days. But just because you can doesn’t mean you necessarily should, says credit reporting agency Experian. Outstanding credit card debt recently hit its highest point ever, surpassing $1 trillion in 2017, according to the Federal Reserve. And 86 percent of Americans who have

Ford Motor plans to release details of its planned conversion of the long-vacant Michigan Central train station just west of downtown Detroit. The Dearborn-based automaker recently bought the 105-year-old building and is expected to redevelop the 500,000-square-foot (46,000-square-meter) structure as part of its plans for a campus focusing on autonomous vehicles. The station, which looms

Credit: Roofstock. Single-family rental homes have long been preferred by mom-and-pop investors looking to diversify into income-producing assets that don’t move in tandem with the stock market. Over the last decade, institutional funds have also plowed capital into single-family rentals (SFRs). Now even renters are frequent buyers of the properties, according to Rich Ford, chief

Photo by Chris McGrath/Getty Images Singapore pulled off a brilliant Trump-Kim summit in all respects, including the bottom line. Indeed, the government of Singapore spent $15 (USD) million, and according to estimates by Meltwater, that expenditure generated $568 (USD) million for the city-state. Not a bad return for a few days’ work. But, it’s not

A recent survey showed that 64% of U.S. adults indicated that they believe home prices will continue to raise over the next year. This marks the highest percentage since before the market crash over 10 years ago. If you are in the market for a house, know what responsibilities come with a property owner. Do

ALEXANDRIA, Va. — Karleen Smith used to work at the Macy’s in Landmark Mall, putting price tags on summer dresses, housewares and the latest styles of shoes. On Saturday, Ms. Smith, 57, returned to her former store, not as an employer or a customer, but as a resident. The former Macy’s in this vacant shopping

Photo by Waring Abbott/Getty Images Interest rates and their influence on the economy is the chief concern for the real estate industry in 2018 and 2019, according to the Counselors of Real Estate, which released its annual Top Ten Issues Affecting Real Estate to kick off the National Association of Real Estate Editors conference (#NAREE18) Wednesday in

The liquidation of Toys R Us is proving to be a long and complex process. The toy retailer, having filed for bankruptcy protection late last year and kicking off liquidation sales around this March, is slowly selling its real estate — what amounted to more than 800 stores across the U.S. According to court documents

If a “for sale” sign goes up in your neighborhood, don’t blink, you might miss it. The average home sold in May went under contract in just 34 days, according to real estate brokerage Redfin. May’s number broke the previous month’s record of 36 days. Redfin began tracking this metric in 2010. Homes are selling

Homebuilders stocks are falling after a report from a housing market research firm. Zelman & Associates sent a note to its clients before the market open Wednesday, saying housing orders were seasonally weaker than normal, a person familiar with the report said. Shares of KB Home, D.R. Horton, Tolls Brothers and Lennar all fell by

Homes in vacation markets saw an exaggerated boom and bust over the past decade and have been slower to recover than homes in other markets. As the appeal of vacation homes has steadily eroded over the past decade, markets with the highest densities of vacation homes have underperformed the market in all but one year

Douglas Elliman Real Estate Playboy Thomas Kramer’s former estate on Star Island. Lennar Corp. Executive Chairman Stuart Miller paid $33 million this week for the property once owned by German playboy Thomas Kramer on Star Island, the Miami Beach enclave featured as a backdrop to “Miami Vice” in the 1980s. It’s the highest price paid

Opendoor, a start-up that buys and sells homes online, has just pulled in $325 million to expand its team, add more cities and move deeper into residential real estate. The new funding pushed the San Francisco-based company’s valuation past $2 billion and includes capital from homebuilder Lennar, whose COO, Jon Jaffe, will be joining the

Want to better understand what may happen in the United States economy as President Trump pursues his combative trade policies? Look no further than the lumber that goes into many houses in the United States. Long before the sharp clash with Canada at the Group of 7 meeting this weekend, the Trump administration imposed tariffs

Interest rates are going up. The Federal Reserve hiked rates once already this year in March. And at its meeting this Tuesday and Wednesday, the Fed is likely to raise the federal funds rate again. Many experts predict there will be a third rate hike before the end of the year. Sure, the increases mean

These are the three ways you can make money owning Rental Real Estate, and exactly how to calculate your cashflow and profit – enjoy! Add me on Instagram / Snapchat: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ The Real Estate Agent Academy: Learn how to start and grow your career as a Real

VALLEJO, Calif. — California is in the middle of an affordable-housing crisis that cities across the state are struggling to solve. Rick Holliday, a longtime Bay Area real estate developer, thinks one answer lies in an old shipyard in Vallejo, about 40 minutes northeast of San Francisco. Here, in a football-field-sized warehouse where workers used

The purchase of three properties by President Trump‘s son-in-law on the banks of a toxic Brooklyn canal triggered a series of unusual real estate deals and a windfall profit from transactions financed by a bank tied to the Trump family. The property transactions totaling more than $150 million began in late 2014 and early 2015

Buying a home has turned into a game of Jeopardy!: If you don’t act with lightning speed, you lose. U.S. homes that sold in April – meaning final contracts were signed – were listed an average of just 64 days earlier, the fastest turnaround since the housing crash and recession from 2007 to 2009, according

Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage. Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic.

One prominent real estate investor shocked some audience members at a conference on Wednesday when he used vulgar language to describe how he works with and promotes women within the industry. “I never promoted a woman because she was a woman,” Sam Zell, chairman of Equity Group Investments, said at the REITweek investor conference hosted

John Fotiadis, an architect who worked on several projects for Donald Trump, was involved with other prominent business figures in Eastern Europe. Notably, he worked with Ukraine’s richest man, as well as working for a developer in the republic of Georgia. He also moved in some of the same circles in Kiev, Ukraine as Paul

As Robert Mueller looks ever more closely at President Donald Trump‘s foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump’s quest for real estate deals in former Soviet lands. Architect John Fotiadis designed some of Trump’s most ambitious luxury developments there. A master of glass-encased towers

Shares of some insurance companies dipped briefly Wednesday, after a report said Amazon might consider offering home insurance. The Information reported Wednesday that, based on one anonymous source, Amazon had discussions about offering insurance in conjunction with its connected home devices. But, the report said, “There’s nothing that suggests Amazon has any concrete plans for

9:37 AM ET Wed, 6 June 2018 An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters.The shortage is driving prices up faster than inflation and wage growth. Annual average earnings growth has remained below 3 percent even as

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