A freestanding fireplace in a New York City apartment. Photo courtesy of HearthCabinet Fireplace, Designer: Marie Aiello Design Studio, LLC Architect: TODO Design & Architecture How to have a beautiful warm fire place in your home with no flue and no vent? Still a relatively new concept, ethanol and isopropyl alcohol gel ventless fireplaces have grown
Real Estate
New Yorkers need to earn $85,027 per year to spend less than 30% of their income on rent for a median-priced one-bedroom, Apartment List found. Getty If you’ve aged out of your 20s but are still living with roommates in New York (or one of the country’s other most expensive cities), it’s OK to cut yourself some
The estimated cost to end homelessness in the San Francisco Bay Area is $12.7 billion and additional billions annually to fund ongoing services to the needy, according to a report released Wednesday. “By virtually every measure, the Bay Area’s homeless crisis ranks among the worst in the United States,” said a report released by the
Photocredit: Getty Getty There’s a lot of info out there for first-time buyers, but what about sellers? Selling your home for the first time can be an emotional and often overwhelming process. In light of that, I’ve decided to lay out four things that first-time sellers should know before putting their home on the market.
If you’re looking for a new home in an urban area, you might be attracted to some more up-and-coming areas. But buyer beware: Some of those areas come with big risks. That is according to a new study from GOBankingRates, which evaluated cities based on multiple criteria: percentage of homes with mortgages in negative equity,
Before I take the wheel of the all-electric Jaguar I-Pace (MSRP $85,900), I slide into the back seat to get a feel for the legroom. From the outside, the I-Pace is a futuristic, compact SUV that sits lower than some competitors at 5 feet 2 inches—the Tesla Model X is 5 feet 6 inches high
For any investor, measuring opportunity against risk is critical. And for real estate investors in particular, risk is rising exponentially in the age of climate change. To that end, big real estate firms are pouring significant resources into calculating climate risk and its likely effect on property portfolios—everything from increasingly extreme weather to sea-level rise.
Real estate website Zillow on Tuesday announced a new “Home Loans” division that will allow users shopping for mortgages to receive financing directly from the company. It’s Zillow’s latest push toward having customers directly buy and sell homes. The company said in February it was doubling down on its homebuying and selling business, projecting annual
The Meydan One in Dubai Crystal Lagoons Fernando Fischmann is creating some of the most amazing water resorts around the world through his Chilean based company Crystal Lagoons. A biochemist-turned-real estate developer Fischmann was inspired by the clear blue waters he saw in natural lagoons while visiting Mexico and the Caribbean many years ago. I had a
Young woman practicing basketball near the Venice beach in Los Angeles, California. She is having a great time, slamming the ball in the sunset hours. Getty He drives… He shoots… He scores! Here’s a question for you if you watch basketball on even a semi-consistent basis. How many times have you heard those three lines
35 Mins Ago America’s teachers are under financial pressure with student loan debt and low salaries, but one start-up is attempting to help our educators generate wealth through homeownership. Alex Lofton, co-founder and head of growth at Landed, a company offering down payment support and financial coaching to educators in the market for a home,
This panelized house is located n Westport, Connecticut. The house was designed by Sellers Lathrop Architects LLC. The panels were manufactured by Bensonwood and the house was built by The Pratley Construction, LLC. Photo courtesy of Stacy Bass Photography for Prefabulous Small House published by Taunton Press Panelized construction is on the increase in this
There is a new way to take cash out of your home with no monthly payments and no interest. It’s not a loan. It’s not a mortgage. It is a contract with an investor who wants to purchase some of your home equity in cash—but it can be costly in the end. California-based Point is
Share to facebook Share to twitter Share to linkedin The new floors of the 212 5th Ave penthouse. VisualHouse Pre-war buildings bring glamour, authenticity and a lot of headaches. To make this 1912 former manufacturing warehouse into a 48-unit luxury condo building the developers had to wrestle with a steel structure that didn’t rise in straight lines and
If you’re shopping for a cheap home this spring, good luck. The median value of homes listed for sale in March hit $300,000, a new record, according to realtor.com. Home values overheated from 2016 to mid-2018, as demand outstripped supply, especially at the lower end of the market. Those gains began to shrink last summer,
The Pharm Courtesy: Sunday Goods/The Pharm There is a deeply mystical air about Randy Smith. He could be meditating on his next amazing thing that he’s postulating on creating from thin air it seems. Is it real estate? Ultra-high end Cannabis? Or is it being a part of something larger, and therefore truly amazing in
The biggest one-week rate drop in a decade unleashed a run on refinances last week, although it did not especially spur spring buyers. Mortgage application volume surged 18.6 percent from the previous week and 28 percent from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications jumped 39 percent for
The new tax won’t negatively impact New York’s luxury marketplace all that much over the long term. Like all changes, this will take a little time to get assimilated. The New York market bounces back quickly. Getty What constitutes a mansion in New York City? For the past several decades, buyers of residential property in New
Home price gains are about to take off again, according to Corelogic. The real estate data and analytics company predicts that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates. Last spring, home values were seeing an annual gain nationally of around 7 percent. But rising
A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages. With the average rate on the 30-year fixed now close to 4 percent, 4.9 million borrowers could likely qualify for a refinance that could reduce their interest rates by at least three-quarters of a percentage point, according
If you’re going through a divorce, deciding how to divide the home you share with your spouse can be one of the more complicated conversations you’ll have. Unlike other assets that must be divided, your home often has many emotions and memories tied to it. For example, if you’ve raised children in it, you may
Denver, Colorado topped the list for high-earning renters. Getty The high-earning renter segment is growing rapidly according to a recent report from Apartmentlist.com. The higher-earning renter household ($100,000 annual earnings) is the “fastest growing segment of the U.S. housing market,” according to the report. Between 2008-2017, there were close to 2 million high-earning households to
Homebuyers signed 1 percent fewer contracts to buy existing homes in February compared with January, according to the National Association of Realtors’ pending home sales index. These contracts are a harbinger of closed sales one to two months later. Pending contracts were 4.9 percent lower tha a year earlier. “In January, pending contracts were up
Listed for $5.2 million, Nantucket Lightship was converted into a luxury yacht residence with a bright red hull and custom wood interiors. Courtesy of William and Kristen Golden Who wouldn’t want to live on Nantucket? It’s uniquely blessed with galvanizing ocean waves, phenomenal whale watching and mesmerizing sunsets. Nantucket Lightship has served the USA well
House prices in London are falling at the fastest rate in a decade. According to the Nationwide House Price index, prices over the first three months of 2019 in London dropped 3.8 percent in value, compared to the same period in 2018. The biggest drop since 2009. The average house price in London during the
Innovation in Houston will have a centerpiece in The Ion, part of the emerging innovation corridor being cultivated by a public-private initiative to grow the city’s entrepreneurial ecosystem. Courtesy of Rice University A building, a concept and a mindset, “The Ion” in Houston will be the centerpiece of an innovation district within an innovation corridor
Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to lift the struggling housing market. The Commerce Department said on Friday new home sales rose 4.9 percent to a seasonally adjusted annual rate of 667,000 units last
Homebuyers got a big boost to their purchasing power this week thanks to falling mortgage rates. The average rate on the 30-year fixed-rate mortgage fell to 4.06 percent with an average 0.5 point for the week ending Thursday, down from last week when it averaged 4.28 percent, according to Freddie Mac. A year ago at
The second round of Opportunity Zone regulations is currently under review by the federal government’s Office of Management and Budget (OMB). Final rules should be released in the next week or two, and there are wide expectations that the 50 percent test for business investments in Opportunity Zones as well as many of the real
The median sales price is $637,250 in New York City, according to StreetEasy. That’s nearly three times the national median of $230,100. Getty Saving for a down payment on a home in New York City can take nearly two decades, according to a new report. The current median sales price is $637,250 in New York