As if tensions weren’t running high enough in Washington, D.C., Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in
Real Estate
Home prices rose 4.7 percent in December, according to CoreLogic. That is the smallest annual gain since August 2012. Prices are still rising because of the shortage of homes for sale, especially on the lower end of the market. But rising mortgage rates took their toll on affordability last year, causing sales to slow. Prices
Share to facebook Share to twitter Share to linkedin Three Ways To Build A Super Bowl Winning Sales TeamAlex Abaunza On Sunday night I watched my favorite football team win their sixth Super Bowl game. It’s no secret that I am a huge Patriots fan. Watching a game with Emilia and our friends (and a big
Clelia Warburg Peters, president of Warburg Realty, brings significant experience in strategic business development, cutting-edge technology and financial investing to her role at the firm. With international business experience, Peters introduces a global perspective to a local community. Clelia Warburg Peters, President of Warburg RealtyWarburg Realty Warburg Realty is one of New York’s leading tech-savvy
Apparel retailer Charlotte Russe filed for Chapter 11 bankruptcy protection on Sunday, saying it plans to close nearly 100 stores. The company has more than 500 locations, including those under the Peek Kids brand, operating across the country today. Many are within shopping malls. Charlotte Russe said “in the near term” it will provide additional
Year of the Pig photo credit: GettyGetty At the end of last year, I published a 2019 forecasts piece in which five VCs hailing from the US, the UK, and Continental Europe shared their thoughts on PropTech in 2018 and their expectations for the year ahead. The article was a huge hit and generated a
After falling for two weeks, mortgage interest rates turned ever so slightly higher last week, and that apparently turned potential borrowers back on their heels. Mortgage application volume decreased 3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 16.5 percent lower than a year earlier.
Photo Taken In Seattle, United StatesGetty The wild West Coast home price appreciation party seems to be winding down. After the incredibly strong home price gains over the last six years in San Francisco, Seattle, Portland, Los Angeles and San Diego, home prices were up “only” 3% to 6% over the last 12 months. In a
The Star — originally the Texas Company (Texaco) regional headquarters and now a luxury residential tower — earned ULI-Houston’s Development of Distinction Award in the for-profit category (large scale, more than 100,000 square feet). Photo courtesy of Urban Land Institute-Houston and The Star Urban Land Institute-Houston announced its 2019 Development of Distinction award winners. And while
House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales index was also down a dramatic 9.8 percent compared with December 2017. This marks 12
Super-wealthy investors are making some changes to their portfolios for 2019. They are increasing their cash holdings and reducing their equity exposure. They are also cutting back on some of their real estate investments and finding a “short-term solution” in fixed income, according to Michael Sonnenfeldt, founder of investment club Tiger 21. “There’s a lot
Share to facebook Share to twitter Share to linkedin A pedestrian in the city center of Melbourne, Australia, walks past a colorful advertisement for the Game of Thrones series. The ad shows the characters played by the actors Kit Harington, Peter Dinklage, Emilia Clarke, Nikolaj Coster-Waldau, and Lena Headey. Photo Credit: GettyGetty Images It couldn’t
The rise in virtual doorman apps are making life a lot easier for those living in non-service buildings.Getty Missed package deliveries and broken entryway buzzers have been universal problems for New Yorkers who don’t have a doorman for ages. Thanks to some clever new tech ventures, however, relief is spreading throughout the Big Apple’s non-service buildings. The
The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007. From November to December, sales of new and existing houses and condominiums in Los Angeles,
A room design by Katrina Hernandez of Hernandez Greene. Nina Choi Whether it’s just one room or an entire house, renovations are a major undertaking. These projects require time, energy and cash. From investors planning to rent out or flip a property to the average person buying their first home, every renovation decision made now can
Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite annual increase also fell to 4.3 percent, down from 4.7 percent in the previous month. The 20-city Composite saw a 4.7 percent annual gain, down from 5.0
Investors can expect to see “decent” returns on home improvement stocks despite waning consumer sentiment in housing, analyst Alvaro Lacayo told CNBC on Thursday. “If you look at the average age of the U.S. housing stock you’re talking about 40 years plus,” the vice president of equity research at G.research said on “Power Lunch.” G.research
The estate glows thanks to disappearing glass, chandeliers, and fire and water elements.Brandon Arant Imagine winning your Golden Globe at The Beverly Hilton, hopping into your limo and that’s still not the highlight of your night. The topper could be the limo driving you up the canyon to this listed $38 million hillside Beverly Hills
Final preparations for Super Bowl LIII are wrapping up in and around Mercedes-Benz Stadium in Atlanta, home for the Atlanta Falcons.Gene Phillips As the New England Patriots and Los Angeles Rams prepare to face off Feb. 3 in Atlanta for Super Bowl LIII, short-term rental hosts in the metro area are gearing up for a
This earnings season is far enough along that investors can start making judgments about which stock market sectors are on the rise and which ones could see weakness in the better part of 2019, says CNBC’s Jim Cramer. “We need to be on the lookout for themes that are working in spite of the litany
Foodies are about to be obsessed with these LG appliances.LG January 26th is International Sous Vide Day. Invented in France over 40 years ago, this method of cooking has been popular with professional chefs for a while. But recently, it has started to trend with a more serious level of home chefs. A sous vide
Chinese authorities face an ever-growing list of challenges — be it an ongoing trade fight with the U.S. or headwinds in domestic demand — and it appears they don’t have many tools left to spur the economy amid a slowdown. The real estate market in China has traditionally played a major role in it’s economic
Photocredit: GettyGetty The decision to take out a jumbo loan is a big one. Higher loan amounts come with higher monthly payments to manage. In light of that, we decided to lay three questions aimed at helping you decide whether or not a getting a jumbo loan is right for you. Ask yourself these questions
Ever wish you could get away from it all? This four-story, 22-room, 8,000-square-foot castle for sale for $900,000 in the Nevada desert is one solution. “In a lot of ways, it’s a ‘doomsday prepper’ dream home…extremely self-sustaining, secure and — admittedly — quite odd,” Jake Rasmuson, who is marketing the property, tells CNBC Make It.
Jerome Powell, chairman of the U.S. Federal Reserve (Fed), speaking at a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on December 19, 2018. (Photocredit: Andrew Harrer/Bloomberg).© 2018 Bloomberg Finance LP The U.S. Federal Reserve (Fed) will maintain the target range for the federal funds rate at 2.25% to
Even if Sears‘ contested deal to save roughly 400 stores with ESL Investments secures approval from the bankruptcy judge, the owner of Kmart and Sears faces continued challenges that could reap benefits for Macy’s, J.C. Penney and Dillard’s, said credit ratings agency Moody’s Investors Service in a report published Thursday. The deal, announced earlier this
Share to facebook Share to twitter Share to linkedin At 952 feet, 220 Central Park South will be among the tallest residential buildings in New York. It is one of several super-tall structures scheduled for completion this year. Getty Images A Manhattan penthouse is now the most expensive home ever sold in the United States.
Hedge fund billionaire Ken Griffin closed a deal to buy the most expensive home ever sold in the U.S., paying around $238 million for a New York penthouse overlooking Central Park. The deal is the largest in Griffin’s recent $700 million, global real estate shopping spree, believed to be the largest ever for a U.S.
Share to facebook Share to twitter Share to linkedin View of The Beach public art installationSnarkitecture This winter, visitors to Chicago’s Navy Pier are invited to experience The Beach, a traveling interactive art installation created by New York-based design practice, Snarkitecture, in partnership with EXPO CHICAGO. Led by Snarkitecture partners Alex Mustonen, Daniel Arsham and
Investors should be selective in buying homebuilder stocks because the sector faces profitability risks even though the housing market is healthy, housing analyst Ivy Zelman told CNBC on Tuesday. The Zelman & Associates founder and CEO said she is bearish on the sector and put a hold on names such as PulteGroup Inc., Toll Brothers