Real Estate

Even with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market. Mortgage application volume fell 5.8 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 17 percent lower than a year ago. Purchase volume drove the decline, falling

GettyGetty Loneliness is something most people need to cope with at some point, but it can hit harder when you see it affecting someone you love. When my mother moved to a Manhattan apartment, she was achieving a lifelong dream to live in the heart of a vibrant city. But what I saw was someone

Photocredit: GettyGetty Most buyers, especially first-timers, may not realize that the negotiations don’t stop once an offer has been signed. You still have to get through post-inspection negotiations, too. Just like any other part of the deal, these discussions need to be handled with care in order for the transaction to continue moving forward. With

How you manage debt could have a big impact in how your retirement dreams play out. Four in 10 retirees cite “paying off debt” as a current financial priority — putting it on equal footing with “just getting by to cover basic living expenses” as a top concern, according to a new report from the

Fast charging will help electric cars such as the Mercedes-Benz EQ Silver Arrow electric concept vehicle. Photographer: David Paul Morris/Bloomberg© 2018 Bloomberg Finance LP We are living in an age of massive technological change, but sometimes it is all so complicated it can be hard to work out what’s really going to change the world

Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month. According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined four points in December to 56. That

We all know those people who frequently lament their decision to invest in real estate. Constantly blaming the market, or real estate as an industry, they believe the entire process is predicated on luck and timing, an exercise in chance. For people who have lost money investing, it’s easy to sympathize with them-but are their

As the competition heated up in the short-term and corporate rental business, Patrick Flynn knew he needed an edge. His Northeast Suites business, based in Boston, MA, was growing, but so was AirBnB, HomeAway and other national players. So Flynn launched a new brand over the summer – GoLocal Suites. Fully furnished rental suites where

Detail of banknotes from the Bank of Scotland, which in 2016 began issuing new banknotes on polymer starting with the £5 note. (Photocredit: Getty).Getty How many exchanges does the world need? Now with plans being unveiled to launch a Scottish stock exchange, Bourse Scot, next year in an initiative dubbed “Project Heather”, it is a question I

Major corporations such as Apple, which just announced a $1 billion investment into a new Austin campus, are buying into Texas, Gov. Greg Abbott told CNBC Friday. The iPhone maker promises to develop a 133-acre complex to hold 5,000 employees, with room for an additional 10,000 more. It will be situated within a mile of

GettyGetty Having a strategy for managing your real estate investments when housing markets shift is smart, whether you own property in a metro area that’s starting to cool off or one that’s still rising. Real estate flippers who buy, renovate and resell properties, as well as real estate investors who buy rental properties, can be

Mortgage applications to purchase a newly built home dropped 11 percent in November, compared to a year ago, according to the Mortgage Bankers Association. Given the drop, MBA economists predict that sales of newly built homes in November fell 5 percent annually. Those numbers will be reported at the end of December by the U.S.

GettyGetty There’s no real estate market like New York. I don’t say that to be romantic or sentimental: The buying and selling of property in this city is much more complex and expensive than in other metro areas. The major steps being taken to ease the pressure on property owners in the city, however, deserve

New York struck a “bad deal” with Amazon to bring one of the tech giant’s East Coast headquarters to Queens, New York state Sen. Michael Gianaris told CNBC on Wednesday. Gianaris, a Democrat whose district includes Long Island City, where the Amazon facility would be located, called Jeff Bezos‘ HQ2 search process “one of the

Thoughtful Blond Young Woman with Pouting Lips Holding Red Gift Box Against White Background.Getty In my monthly newsletter, the Forbes Real Estate Investor, I cover over 150 Real Estate Investment Trusts (or REITs) – with useful data, including recommendations that range from Strong Buy to Strong Sell. A few of my picks are referred to

People of color struggle more than their white neighbors to repay their car loans. In St. Joseph, Indiana, for example, 27 percent of people in predominantly nonwhite ZIP codes are delinquent on their auto debt, compared with just 3 percent in predominantly white ZIP codes. A new map by the Urban Institute traces auto delinquency

Homeowners in most places are still seeing their nest eggs get a little bigger, but the gains are shrinking quickly. The average homeowner with a mortgage saw a gain of $12,400 in home equity between the third quarter of last year and this year, according to CoreLogic. That includes price appreciation and paying down the

Firefighters prepare to enter the Broadhurst Theatre on December 10, 2018.Personal Collection Despite slowing sales of Anastasia at the box office, the Broadhurst Theatre remains a hot venue. Several hours ago, a small fire broke out in the lower lounge of the Broadway theater. Deputy chief Joseph Ferrante and his team of firefighters from the New York

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt. According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their

Anyone who hopes to succeed in the real estate industry needs to stay up to date on the latest market trends. Whether you’re an investor or a broker, you’ll have to keep an eye on which areas have properties with high growth potential and which ones are stagnant or declining. If you’re looking for a promising real estate market to invest