Photo: Getty Regardless of what you are reading to understand the disparities of all the generations, one thing is for sure: Millennials are the largest and most educated living adult generation in the country. According to the National Association of Realtors, in 2019, millennials represented the largest cohort of homebuyers at 37%, making them the
Real Estate
The usual ways to assess real estate markets are out the window this year. The standard equation is that more jobs lead to more demand for housing, but with a massive loss of jobs in ALL markets this year, that analysis doesn’t work. So, how can we now decide which markets are the best bets
A house for rent in California. Getty Images Zillow has seen significant increases in listings for furnished rentals and rentals of six-months or less, a sign that hosts of Airbnb and other vacation properties have pivoted to the residential rental market as the coronavirus pandemic has dramatically curtailed travel. Zillow’s listing for furnished rentals increased
Kings College, Cambridge is pictured deserted due to the coronavirus outbreak. SOPA Images Student accommodation has been a “bullet-proof” investment, but experts predict it’s now on track for a year of disruption due to the coronavirus crisis and its impact on the property market. U.K. universities had to move their teaching online as the British
A Breather office space on Broadway in New York City, featuring furnishings positioned for social … [+] distancing. Breather The ways in which American employers think about work space are changing as the world slowly reopens. Companies are likely to re-evaluate both the type and amount of space they lease in the coming years. The
A Downtown Manhattan penthouse condo duplex with 5,646 sq.ft. including 3 bedrooms, 4.5 bathrooms … [+] plus a swimming pool. Asking Price: $30 Million. Sotheby’s International Realty Here’s a recent mini-trend in the Manhattan luxury real estate market that’s worth watching: Of the 16 contracts signed at $4 million and above in May, seven were
As states reopen across the nation, the Defense Department will immediately begin to lift “stop-movement” orders at some military bases in the U.S. and abroad. Service members will now be allowed to follow orders to move to a new location — a permanent change of station — in stages, depending on local conditions, according to
Front facade peter@engmalm.se | http://engmalm.se A 4-bedroom converted water tower in Sweden that creates its own income is on sale for $1,466,792. The 28-meter-high Växholm home comes with a telecommunication antennae lease that generates $31,000 a year for its owners, according to Christie’s International Real Estate’s affiliate Residence, the agent handling the sale. The top
A view of 432 Park Avenue October 15, 2104 the day after it earned the distinction of being the country’s tallest residential skyscraper. Timothy A. Clary | AFP | Getty Images The number of real estate contracts signed for Manhattan apartments plunged 84% in May compared with last year, as shutdowns to prevent the spread
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage applications numbers get stronger each week as homebuyers rush back into the market, hoping to get their hands on what few homes there are for sale. Another record-low mortgage rate didn’t hurt. Mortgage applications
Photo: Getty Not long ago, we felt that the tremor of society’s heartbeat would remain forever slow. Yet businesses around the country have started to reopen, and humans have started their adaptation process into the new normal. Hope has begun to rise. In this new normal, our thought process when selecting a new home has
Part One of a two-part piece on rent-stabilized multifamily investment 814 Amsterdam Avenue, New York, NY Ariel Property Advisors When it comes to multifamily real estate investment, rent-stabilized housing can be an under-appreciated asset in the right circumstances. In cities like New York, where strict new rent regulations have dulled investor appetites for multifamily housing,
TOPLINE During the ongoing protests over the death of George Floyd and racial injustice, Confederate monuments are increasingly becoming targets, with aone statue in Arlington, Virginia, removed Tuesday by its owner, another likely to be removed by the mayor of Birmingham, Alabama, and others across the South targets of protest graffiti.. A statue of Confederate
A new survey shows a growing comfort with attending open houses again. Boston Globe via Getty Images The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%,
A for sale sign is seen next to a house in Arlington, Virginia on May 6, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Home sales may have slowed to a trickle, as much of the national economy shut down in the face of the coronavirus pandemic, but home prices did just the opposite. Nationally,
Clear pool fences are just one of the biggest design trends of the season. Aquaview Pool fencing As we transition into summer amidst a pandemic, spending time outdoors becomes more important. Although stay at home orders have been lifted in many states, there are still restrictions in some locations. Plenty of people remain cautious and
The extra $600 in weekly unemployment benefits from the federal government expires in July. … [+] Apartment industry experts fear rent payments will plunge as a result. Getty As rent comes due in June, the third month since the onset of the pandemic, and as Congress mulls additional aid to inject into the coronavirus-battered U.S.
Photo: Getty VUCA, like all good acronyms, was coined by the U.S. military, and stands for volatility, uncertainty, complexity and ambiguity. Corporate real estate has largely been stuck in VUCA, forgoing forward-thinking trends in the age of accelerations for dated strategies that are largely linear, long-term and inflexible, making them particularly ill-prepared for the rapidly
EverTalk’s West Hollywood Set EverTalk With everyone spending a lot more time at home these days, finding fresh, evergreen content can be a challenge. Digital platforms like YouTube, Facebook, and Quibi go through great lengths to set themselves apart. But one unique platform called EverTalk, which is available on AppleTV and Roku, accomplishes this in
Summer rentals are topping $200,000 Getty A hot rental market defines The Hamptons this summer. Traditionally Memorial Day weekend kicks-off of the oh so busy summer season. Typically, renters are settling in, making dinner reservations while filling their social calendars. Brokers are busy showing prospective buyers multi-million-dollar properties from Amagansett to Southampton. Like everywhere else life
People congregate outside a restaurant in the upper east side during the coronavirus pandemic on May 2, 2020 in New York City. Noam Galai | Getty Images As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history. Though many restrictions remain in place across
A Mamaroneck, N.Y. house on Long Island South with 7 bedrooms, 8 baths, on 1.269 acres. The asking … [+] price is $4,995,000 and a contract was signed on 5/11/2020. The house was originally listed in 2018 for $7.495,000 Coldwell Banker Over three days in April, National Football League commissioner Roger Goodell hosted the draft
Gary John Norman | Getty Images At the private retirement community where 90-year-old Lee lives in Charlottesville, Virginia, the last scheduled social event was a Valentine’s Day dance in February. A few weeks later, as the coronavirus pandemic took hold in the U.S., the Centers for Disease Control and Prevention advised anyone 60 or older
Los Angeles posted 15 percent listing price gains Getty Here’s some positive housing market news from realtor.com’ s Weekly Housing Trends Report for the week ending May 23. The numbers show more new listings than in previous weeks. That’s a sign of a market kicking into more of a recovery mode. Here are some
Pandemice-era lockdowns have heightened homeowner interest in highly customized kitchens featuring … [+] Italian craftsmanship. ITALKRAFT With COVID-19 forcing folks to hunker down over the past two months, kitchens around the country have become more than ever the heart of the home. They’re the focal point not just for cooking meals but for school work,
Sonya Carp and her husband own two short-term rental properties in Florida, and they have decided to list one for sale as a result of the coronavirus pandemic. Courtesy of Sonya Carp Consolidation is hitting the market for short-term home rentals as the coronavirus pandemic has curtailed travel dramatically this year. Small landlords and venture-backed
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary. Getty It was another record-breaking week for mortgage rates. According to the latest data from Freddie Mac, rates on 30-year loans bottomed out again, hitting a new all-time low of just 3.15%. That’s down from 3.25% last week and 3.99%
Kevin O’Leary told CNBC on Friday the coronavirus crisis has shown that remote working is good for employees and a business’s bottom line. “Productivity is significantly higher when you give people what they want,” the “Shark Tank” investor said on “Squawk Box.” ”Maybe they’re taking care of an aged parent, maybe they’re raising kids, maybe they don’t want to
The housing market in Austin, Texas, is quickly rebounding from the effects of the coronavirus. Getty As mortgage applications, price appreciation and slowly growing new listings indicate that the national real estate industry is finally mending from the coronavirus, some housing markets are charting faster and stronger recoveries than others. The reasons why some cities
A customer exits a Wells Fargo & Co. bank branch in Hermosa Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Despite record-high unemployment and massive economic fallout from the coronavirus pandemic, fewer homeowners appear to be struggling to make their monthly mortgage payments now than at the start of the crisis. The number