Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a 5 bedroom home in Arlington, VA a little over a year ago. But they decided to move in together, along with three other complete strangers. All of them had answered ads to rent one room in the home and share
Real Estate
Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images WeWork has sold its business management software company Teem and its minority stake in co-working start-up The Wing, the company announced Wednesday. Artie Minson, co-CEO of WeWork, said in a press
It’s good time to be a homebuilder. The iShares U.S. Home Construction ETF (ITB), which tracks the homebuilding stocks, surged Friday to highs not seen since 2006 following blockbuster data for U.S. housing starts, which jumped 16.9% to 13-year highs in December. The ETF touched a high of $47.55 in the day’s trading session before
Buildings and skyscrapers in Jing’an district on October 18, 2018 in Shanghai, China. VCG | Visual China Group | Getty Images Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property
Keep you neighborhood in mind when choosing exterior paint colors for your house. (Photo by: … [+] Avalon/Universal Images Group via Getty Images) Universal Images Group via Getty Images After surveying 43 home design experts, Fixr has published the results of its annual color study. The results confirm what many interior designers have been predicting
A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California, Oct. 25, 2018. David Paul Morris | Bloomberg | Getty Images The nation’s single-family homebuilders are feeling very confident about their business in the new year, as high demand and low supply make for a
Mortgage rates dropped and could go even lower thanks to global uncertainty. Getty The mortgage market had a good week. On the backs of yet another rate drop, refinancing activity surged once again. And purchase loans? They hit their highest point in more than a decade. According to the latest data from the Mortgage Bankers
A couple sits with a mortgage consultant in Miami. Getty Images It was a seriously strong start to 2020 in the mortgage business for new home loans and refinances. Total mortgage application volume surged 30.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinancing led the surge, thanks
Share to facebook Share to twitter Share to linkedin Guests can stay in the Be More Active suite at 25 Broad St. for $20.20 a night through a promotion … [+] by travel site Booking.com Booking.com In a quirky promotion to ring in 2020, hotel reservation site Booking.com has transformed 20 units at 25 Broad
a happy young married couple moves to new apartment Getty If you’re thinking of buying a property in the next few years, but aren’t quite ready to make a move, you may want consider looking into a rent-to-own property. Below is an explanation of what rent-to-own homes are, how the process works, and tips to
The sprawling home is reminiscent of the traditional plantation style of Old World Hawaii. Marcus Bloss Photography/Oceanfront Sotheby’s International Realty CrossFit co-founder and CEO Greg Glassman is looking to sell his plantation-style home and an adjacent lot on the island of Kauai, Hawaii, as a package deal for $9 million. The 11-acre estate is tucked
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, at 3.69%, according to Mortgage News Daily. That has an already competitive housing market heating even more. Open
The facade of 2-8a Rutland Gate, which is set to sell for a record £200 million, making it the most … [+] expensive home ever sold in the U.K. (AFP PHOTO/Leon Neal via Getty Images) AFP via Getty Images A Chinese property tycoon is set to buy a 45-room mansion in London for a record
9 Hours Ago Andy and Nicole Hill bought their dream home just outside of Detroit at the end of 2013. Their initial goal was to pay off their mortgage in five years, but they ended up paying it off over a year faster than they planned. The couple chose mortgage terms that would let more
Photo: Getty When we’re our own boss, it’s easy for us to create habits that aren’t beneficial to our business or personal lives. Without someone to tell us what we’re doing wrong, we have to self-reflect and make conscious decisions to break any bad habits so we can be the best versions of ourselves. I
Andy and Nicole Hill bought their dream home just outside of Detroit at the end of 2013. But they felt that being locked into a mortgage for the next 15 to 30 years would limit some of their life goals, so they came to an agreement: They would pay the house off in under five
While I can see a correction in stock prices occurring during 2020, our real estate price correction … [+] has already lasted for years. Getty During the 40 years I have been in business, investment bankers and financial analysts have never once failed to assert that a Mayday event was right around the corner for
Prospective buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. Daniel Acker | Bloomberg | Getty Images December is not the most popular time to list a home for sale historically, but this past December it was particularly unpopular. The supply of homes for sale was 12% lower compared
The coworking and flexible space phenomenon is exploding, and will likely be impacted by several … [+] important trends in the months ahead. Andia/Universal Images Group via Getty Images The coworking and flexible work space trend, essentially a post-Great Recession phenomenon, continues to bloom and grow. According to Colliers International, coworking is one of the
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images The last two weeks of the year are always the slowest in the mortgage business, and while refinance volume took a vacation, homebuyers were apparently busy. Total mortgage application volume fell 1.5% for the last two weeks of the
Photo: Getty A few years ago, it would have been difficult to imagine a real estate developer raising millions of dollars from unknown investors in minutes — site unseen, no questions asked. Now, it happens every day through numerous online real estate crowdfunding investment platforms. To give you a sense of the power of these
Peter Weinberg, CEO of WeWork advisor Perella Weinberg, told CNBC on Monday that the office-sharing company’s tumultuous 2019 does not discount the fact that the fundamental business is strong. “Having gotten so involved in this, [I think] the core of the business is a really, really good business,” Weinberg said in a “Squawk Box” interview.
Bright office colors, as showcased in this Framery Petrol Blue sound-proof pod designed for open … [+] office settings, have been shown to boost productivity. Framery Have you ever worked in an office that just didn’t seem to feel right? Ever had the sense your office clashed with your personality? Ever felt unproductive in any of
Humble, affordable homes will be at a premium as first-time homebuyers compete with downsizing baby … [+] boomers. Universal Images Group via Getty Images We have become disenchanted with “do-it-yourself” and discount brokerages, we don’t want fixer-uppers and we really don’t want very large houses that are in less than ultra prime condition. These are
The view north to Central Park Tower and 111 West 57th Street on Billionaires Row from the 86th-floor observation deck at the Empire State Building on July 28, 2019, in New York City. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Getty Images Real estate sales in Manhattan have fallen eight out of the past
Does the typical appraisal protect you from overpaying for a house? If it doesn’t, what would that mean for house prices in general? A study looked at a particular set of 8,533 houses that Fannie Mae foreclosed on from 2012 to 2015 and where two appraisals were done on each house. The first appraisals were
Bloomberg | Getty Images The average rate on the U.S. 30-year fixed mortgage is now at the lowest level in a month, thanks to a run on the bond market overnight. Investors fled to the relative safety of bonds, after the U.S. confirmed an airstrike on Iran’s highest military commander. While mortgage rates are determined
photo: Getty If you’re like me, you’re contemplating the best ways to invest your money in 2020. After all, the stock market might not be the best option, after a 10-year bull run and global trade tensions. But, from my vantage point as a real estate startup founder, there are real estate trends that are
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The numbers are telling. From 2015 through 2018, the peak month for
photo: Getty The prospect of a contentious presidential race looms as the calendar flips to 2020. What’s more, the uncertainty of an election year often leads to a dip in the economy. Although most people I’ve spoken with feel good about the current dynamics of the financial system, there are already concerns about what lies