Owning and maintaining beachfront property has always come with a different set of considerations than inland homes. For starters, beachfront properties require mandatory flood insurance and often have higher property taxes and management costs. These additional expenses are well worth it for many homebuyers. The positive effects of coastal living are backed by science .
Real Estate
Ed Walter of Urban Land Institute says the real estate sector is realizing there are economic benefits to pursuing the Paris climate agreement’s goals because reducing energy usage saves cost. He also says Hong Kong REIT prices aren’t likely to recover until there’s a sense that normalcy will return to the city and weighs in
Private first-floor garage. StreetEasy via Nest Seekers Attention Little Monsters: A massive downtown Manhattan townhouse once rented by Lady Gaga is on the market for $17.99 million. The 11,000-square-foot, five-bedroom, 12-bath mansion at 347 W. 17th St. in Chelsea was built in 1920 but was recently gut-renovated, and Mother Monster is reportedly the only person
Airbnb is pushing out several new safety features in the wake of a tragic incident at one of its bookings, CEO Brian Chesky announced Wednesday. The new changes involve four key features: Airbnb will verify 100% of listings. It will establish a “guest guarantee” in case guests arrive at a listing that does not match
Steve and Leann Ford Reid Rolls Leanne Ford’s book (co-written with her brother Steve Ford) might be called Work In Progress, but the interior designer and HGTV star is anything but. While the book documents their charming tales of growing up together in Pittsburgh, Pennsylvania, this memoir doesn’t shy away from revealing the missteps on the
Seb Oliver | Image Source | Getty Images If you’re thinking of buying a home in Las Vegas — congratulations! You just might make a bundle when the time comes to sell it. That’s because the average annual internal rate of return for a homeowner in Sin City is 13.29%, according to a recent analysis
Residences on Yerba Buena Island. Hayes Davison After two decades of planning, the first renderings of the condo complex coming to San Francisco’s Yerba Buena Island have finally been released to the public. The community being constructed on the naturally-formed landmass will feature 266 condos, including apartments, single-family houses and townhouses, surrounded by 72 acres
VA loans are on the rise with Millennials and younger buyers. Getty When it comes to mortgages, VA loans are about the best you can get. With no down payment, no mortgage insurance, and super-low interest rates, they save homebuyers significantly—both up-front and over the long haul. And while VA loans have historically been underutilized,
CNBC’s Jim Cramer on Friday highlighted one segment in the retail industry he believes will work well in a portfolio whether the economy is slowing or thriving. The off-price retailers of TJX Companies, Ross Stores and Burlington Stores satisfy both consumers looking for bargain deals and real estate investment trusts, or REITs, looking to lease
The Kellum-Noble House, a 1847 Houston property still sitting on its original site in what is now a … [+] city park, has seen its share of history. After a restoration project that started in 2014, it’s reopening. CALpix On the edge of downtown Houston’s modern business district, the city’s oldest building is reopening following
A Redfin Corp. ‘For Sale’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images After a strong summer in the housing market, something is turning potential buyers on their heels. Just 21% of Americans say now is a good time to buy a home, a drop from 28%
Share to facebook Share to twitter Share to linkedin Happy couple is taking keys from their new house from broker and smiling. Getty There’s no getting around the fact that buying a home is a huge investment. Between the down payment and closing costs, today’s buyers need to show up to settlement prepared to pay
Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank CEO Masayoshi Son won’t call WeWork a rescue, claiming instead that the latest financing allowed his company to dramatically reduce the average share price it paid for the
Every week, we wrote ads. Depending on how well you were doing as an agent, you got either one, two, … [+] or three ads. Getty When did “advertising” morph into “marketing?” And precisely how well is either working for real estate in 2019? When I entered the residential brokerage business in the fall of
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images HomeLight launched in 2012 as a real estate matchmaker, using proprietary algorithms to connect buyers and sellers with the best possible agents to meet their needs. Now it is
The newly restored gardens at the Hampton-Preston Mansion are a delight for strollers. Courtesy Historic Columbia Robert Mills is best known for his design of the Washington Monument on the Mall of the National Capital. The 555-foot obelisk was, for a time, the tallest building in the United States and, since its September re-opening, is
Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. Mason Trinca | Reuters Apple said Monday it will contribute $2.5 billion to try and alleviate California’s housing crisis, raising the bar for tech companies to commit to the communities in which they reside. “Before the world
The 75-foot indoor lap pool will open to an outdoor terrace complete with lounge, dining and … [+] sun-bathing areas, all with the backdrop of the Chicago Tribune sign. Tribune Tower Residences rendering Tribune Tower, a historic Chicago structure with global significance, is undergoing a major renovation that will transform it into luxury condominiums. The
Dubai’s skyline Andrew Madali | 500px Prime | Getty Images ABU DHABI – A recent move by the United Arab Emirates (UAE) to cut interest rates will protect the currency and support the economy amid rising external risks, the country’s top central banker told CNBC on Sunday. “When we have a turning cycle, lower rates
BRAZIL – 2019/05/24: In this photo illustration the Wayfair logo is seen displayed on a smartphone. … [+] (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) LightRocket via Getty Images As much as “retail apocalypse” continues to show up in the headlines, by now most people that take the time to look at the
As wildfires rage through western California, a new way to help prevent them is now being tested in nearby Tahoe National Forest. It is a first-of-its-kind financial tool, designed to help investors fund forest restoration in overgrown, highly combustible areas, which are becoming ever more dangerous due to climate change. The Forest Resilience Bond was
Maintenance activity. Getty A lot is going on in ConTech, and it’s all happening fast. When I first wrote about this PropTech subsector, nearly a year ago, Trimble had recently acquired Viewpoint for $1.2 billion and Autodesk had just bought PlanGrid for $875 million, but besides these and a few other landmark moments, the area was still
CNBC’s Jim Cramer on Friday recommended investors treat any near-term pullback in the homebuilding stocks as a buying opportunity. Citing a recent research note from Zelman & Associates, the “Mad Money” host believes there is more upside in the sector, pointing to the stocks of D.R. Horton, Lennar, Toll Brothers and Taylor Morrison. “Ivy Zelman
This is the second installment in an exploratory and investigative series called “How To Do Opportunity Zones Right.” This series will highlight Opportunity Zone projects, investments, collaborations, ideas and important happenings across the country that seek to meet the original intent of the Opportunity Zone legislation. The purpose of the Opportunity Zone legislation is to
The reporter’s kitchen in November 2017, shortly after she and her husband closed on their first home. Darla Mercado If you think bringing your garish 1960s-era kitchen up to date is just a matter of new paint and appliances, think again. Home renovations modernize your dwelling, potentially make it more energy-efficient and may enhance its
Rendering of Hope on Alvarado, a new modular housing concept created by HBG Construction Corp, KTGY … [+] Architecture + Planning, and Aedis Real Estate Group. KTGY Architecture + Planning Los Angeles, Calif. — Slated to open in early 2020, Hope on Alvarado is a pioneering concept in affordable housing created by HBG Steel, KTGY Architecture +
It might be time to go “bottom fishing” for Hong Kong stocks, according to Barclays’ head of markets for Asia Pacific, as the unrest in the embattled city drags on, which has hit businesses badly. Barclays’ Matt Pecot told CNBC at the Barclays Asia Forum on Thursday: “I think a lot of investors have chosen
Housing in China. Getty In 2005, when I first began living in China, rent was incredibly low—as in, $100 per month for a two bedroom apartment near Zhejiang University in Hangzhou. This wasn’t just due to the fact that everything was cheaper back then or a lack of adjusting for inflation, but relative to the
A realtor holds an open house in Somerville, MA. Pat Greenhouse | The Boston Globe | Getty Images Pending home sales, which are measured by signed contracts to buy existing homes, rose 1.5% in September compared with August, according to the National Association of Realtors. That was the second straight month of gains. Sales were
Oct. 20 Tornado destruction Andy Luten We lived through what we now know is the most costly tornado in Texas history: more than two billion in damages, according to the Insurance Council of Texas. More than 30,000 auto and residential claims have been filed to date, and ICT tells me claim costs could be higher