Real Estate

Homebuyers are less likely to get into bidding wars now that the housing market has cooled off a bit. During the first three weeks of March, a mere 16 percent of buyer offers written by real estate brokerage Redfin faced a bidding war. That is a sharp drop from the 61 percent a year earlier.

Quay Tower, a luxury development in Brooklyn Heights, near the Brooklyn Bridge Park Pier 6 ferry stop. Douglas Elliman New Yorkers are being ferried around the city’s waterways more than ever, and luxury new developments are capitalizing on the trend. Once mostly associated with commuters who braved the cold winds of winter to travel back

Skiers in the western U.S. are enjoying one of the best seasons in years. But experts warn that years like this are quickly becoming the exception, not the rule. Snow sport seasons are getting shorter, due to warmer temperatures. That is already having a distinguishable financial impact on residential and resort properties that profit from

Chriselle Lim at home. Karla Ticas Chriselle Lim, who is the Korean-American founder of The Chriselle Factor is more than just a social media star or YouTuber. And perhaps the term “influencer” doesn’t cut it either. While she has over a million followers on Instagram (1.1 million to be exact), she has also excelled as

Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data. Realtors pointed squarely to dropping mortgage rates and home prices for

Share to facebook Share to twitter Share to linkedin Despite divisive contemporary politics, American interest in and appreciation of Mexican culture is reaching new heights. Just last month Brooklyn Museum opened Frida Kahlo: Appearances Can Be Deceiving, the largest retrospective of the iconic artist in the United States, and director Alfonso Cuaron made cinema history

For years, China has toyed with the idea of a property tax, but at least one developer doesn’t think now’s the right time. Zhang Xin, chief executive of real estate developer Soho China, said on Saturday that the country’s economy is too “soft” for such a tax. “In today’s market, when the economy is so

The Kin technology will first roll out in the Jackson Park rental complex in Long Island City. Jackson Park Relief could be on the way for urban families struggling with the high cost of childcare. Kin, a residential brand formed through a new partnership between real estate developer Tishman Speyer and the co-living company Common,

The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. The average lender is offering a rate between 4.125 and 4.25 percent, with more aggressive lenders going to 3.875 percent for borrowers with pristine applications, according

Filipinos are beginning to see the ugly side of the Chinese investments: a large influx of Chinese workers, rising property values, and fears that Philippines could turn into another Sri Lanka. That’s according to several stories that circulated the Asian media since President Duterte opened up the Philippines economy to China. These stories come at

Mortgage rates fell quickly after the Fed’s announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily.

Deposit Photos Introduction The machine workforce is on the rise. While technological innovation has always happened, existing and emerging technology is not only changing the pace of technological innovation exponentially, it is giving rise to an entirely new competitive workforce that is intelligent. As a result, it is not only the current models of business,

Hong Kong will spend around $80 billion to build one of the world’s biggest artificial islands. Secretary for Development Michael Wong said in a speech Tuesday that around 1,000 hectares of land would be constructed to deal with Hong Kong’s “serious shortage of land supply.” The project’s total cost will be around 624 billion Hong

This prime 18-acre land parcel hits the market for $30 million.Jun Tang In the shadow of the iconic Hollywood sign, a new 18.2-acre parcel of undeveloped land hits the market for $30 million. Or in Hollywood movie lingo—it costs as much as Iron Man Robert Downey Jr.’s salary (points aside) for the upcoming film, Avengers:

The nation’s homebuilders are feeling positive about their business, but not as much as they did a year ago. A monthly sentiment measure held steady at 62 from February to March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 70 in March 2018. Anything above 50 is

Marina Bay and Financial district in Singapore. If your city is a tech hub, a finance hub, or known for being an epicenter of high culture, media and entertainment, then real estate prices are likely to be prohibitive for the vast majority of the city’s employees. (Getty Images)Getty Face it, if your city is home to

If you’re a first-time home buyer and looking at cities in California, you may want to rethink your plans. Some under-the-radar metro areas in other areas of the country may provide more value. That’s according to a new study from personal finance website Bankrate, which ranked the 50 largest metro areas in the U.S. for

Share to facebook Share to twitter Share to linkedin Actors Matthew McConaughey, left, and Anne Hathaway attend a special screening of “Serenity” at the Museum of Modern Art on Wednesday, Jan. 23, 2019, in New York. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Invision/AP Overlooking Central Park from high above 5th Avenue is this 7,750 square-foot apartment spread over

8 Hours Ago The Hudson Yards mall will appeal to low and high end consumers and aims to go beyond the traditional mall experience. Related Companies Founder and Chairman Stephen Ross, the man behind the mall, sits down with CNBC’s Andrew Ross Sorkin to discuss the ten-year journey. They also touch on the U.S. economy,

Chicago buyers start looking in April or MayGetty Here’s the best time to list your home, according to recent research from realtor.com in the 50 largest Metros around the country. Look to the first week of April in many areas this year as the right time to list your home and take advantage of a robust

The SU+RE House was designed and built by the students from Stevens Institute of Technology for the 2015 Solar Decathlon event and built modular. The large overhangs include “storm shutters” that shade the house in the open position and can be lowered to protect it from water, debris, and vandalism during a devastating storm.Photo courtesy

Home prices may be cooling off right now, but rents are heating up yet again. After taking a breather in 2018, due to new supply on the market, rents for both single-family homes and multifamily apartments are now rising at the fastest pace in nearly a year, according to Zillow. The median monthly rent in

When he’s not managing scandals at his alma mater, Rick Caruso manages his portfolio of Southern California real estate, which includes LA’s popular Grove shopping center. © 2018 Ethan Pines Billionaire real estate developer Rick Caruso finds himself in an uncomfortable position this week. The University of Southern California, where Caruso is chair of the

Builders claim they’re feeling better about their business, but the sales numbers are still not reflecting that. So all eyes are on the spring market, which could determine the fate of both the stocks and the earnings of the biggest builders. Sales of newly built homes fell sharply in January, down nearly 7 percent month

Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes. Total mortgage application volume rose 2.3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was essentially flat compared with the

A modern mansion is proposed for this land formerly owned by drug kingpin Pablo Escobar.Courtesy of ONE Sotheby’s International Realty The killer views at this sprawling Miami Beach property are infinite—only obscured by a scandalous past. Parked along 150 feet of waterfront with sunset and downtown views, it was once the home of notorious Colombian

Share to facebook Share to twitter Share to linkedin There’s nothing worse than investing your time and energy into a deal only to watch it all go up in flames. It’s especially frustrating when you know you could have gotten the deal closed if only someone would have been flexible, even a tiny bit. Instead

21 Mins Ago A plan to tax the rich on multi-million dollar second homes is gaining traction in New York City in order to raise funds for the MTA transit system. State Senator Brad Hoylman (D), who introduced the bill, joins “Squawk Box” to discuss the legislature’s interest in the law.

For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The

This 550 SF house in Sagle Idaho feels larger than its’ petite footprint due to the large outdoor space, high ceilings and massive windows. The house was designed by FabCab Architects and built by Selle Valley Construction using timber frame and SIPs.Photo courtesy of FabCab Architects for Prefabulous Small Houses, published by Taunton Press People often build