The horrific images emerging from Afghanistan today depict a nation in turmoil and its related human tragedy. Just as with most news events of this type, it does not convey the lives and homes that many of those fleeing leave behind. That is both understandable and unfortunate. Americans may be surprised to learn that quite
Real Estate
When Hamilton House was built in southern Maine around 1785, the invention of air conditioning was still over two centuries away. But this Georgian manor house stays remarkably cool on hot summer days, a function of its traditional design. “It’s a matter of good air flow,” says Ben Haavik, Team Leader for Property Care at
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of existing homes in July rose 2% from June to a seasonally adjusted, annualized rate of 5.99 million units, according to the National Association of Realtors. These sales figures are based on closings, so they
A Malibu spec home aiming for a Zero Carbon Certification (ZCC) hits the market for $32 million. Located in Ventura, Calif., developer Crown Pointe Estate’s “Zero 1” residence is seeking an elusive green certification and a serious eco-warrior buyer. The six-bedroom, nine-bathroom home sits in 14,429 square feet. It is the first of the MariSol
In the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how two top real estate agents recently set a record in one of Los Angeles’ hottest markets. The Sherman Oaks residence received multiple offers thanks in part to the savvy marketing techniques … [+] leverages by
Lots of people have had to cancel trips in recent weeks as a midsummer resurgence of the pandemic pushed Covid-19 infections and hospitalizations to record highs in many states. Now, the nation’s central bankers are in the same boat, and it might be a signal that mortgage rates could be staying near historic lows in
The real estate market is booming and many buyers are looking for a new home. One key reason the housing market is prospering is low mortgage rates. But there are other factors would-be homeowners need to consider when deciding whether now is a good time to buy. To help, members of Forbes Real Estate Council
Ready to leave the hubbub behind? This idyllic 13-acre retreat is set above the Lake of the Woods in Bigfork, Montana. If you’ve never heard of the lake, that’s not by accident. In fact, it’s a big part of the appeal. The quiet lake encompasses 61 acres and sits at an elevation of about 3,000
San Diego’s demographics continue to skew younger, as more and more life sciences, technology and telecommunication companies are choosing to locate in San Diego and expand operations. Qualcomm, the multinational telecom and semiconductor manufacturer headquartered in San Diego, employs a force of young well-paid engineers and computer science grads with advanced degrees. The University of
Miracle Messages founder and CEO Kevin F. Adler, right, with community ambassadors Beverly Stevenson and Brian Whitten in San Francisco. San Francisco Chronicle/Hearst Newspapers via Getty Images | Hearst Newspapers | Getty Images More than six years ago, Kevin F. Adler walked the streets of his San Francisco neighborhood with an unusual purpose: He wanted
Actor Neil Patrick Harris and husband, David Burtka, have officially listed their beautiful Harlem brownstone for $7.3 million. Located on 2036 Fifth Avenue between 125th and 126th streets, the Italianate-style home was heavily renovated by the couple in 2016 by Los Angeles-based interior designer Trace Lehnhoff and New York award-winning architect Jeffrey Povero. The couple
Beverly House, the onetime home of newspaper magnate William Randolph Hearst in Beverly Hills, is arguably the most storied of Los Angeles’s legendary estates. Now, after years in bankruptcy proceedings, the property located at 1011 North Beverly Drive set to go to auction. Court documents show there’s an accepted offer in hand for $47 million.
In this article 3333-HK A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images BEIJING — Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a
The life sciences side of commercial real estate has been a flourishing asset class for a number of years. The pandemic has only served to solidify its stronghold within the commercial real estate sector. According to Newmark’s “2021 Mid-Year Life Science Overview & Market Clusters” report, venture capital firms accelerated their investments in life science
Investments in farmland are growing across the country as people, including the ultra-wealthy like Bill Gates, look for new ways to grow their money. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. He had accumulated more than 269,000 acres of farmland across 18 states in less than a
This classic ski villa in Vail, Colorado, was built in 1962 – the year Vail Ski Resort opened. It was a time when the sport of skiing was taking off. Initial investors could buy a condo for $10,000 and receive a lifetime lift pass. Listed for $7.95 million, the three-bedroom villa could be used or rented out
This Walnut Creek, Calif. home was damaged in a fire but that didn’t stop it from being a hot listing. Melinda Byrne A fire-damaged home in Walnut Creek, California, sold for precisely $1 million on Thursday. The accepted offer came significantly over listing price. The two-story, four-bedroom initially listed for $850,000 and immediately incurred a
The rental market, which slumped during the pandemic, has snapped back quicker than many economists predicted. A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, according to Zillow’s latest market report. Although home appreciation again broke records in July, there are signs of
In this article UWMC Tony Andrews | Twenty20 Starting later this year, U.S. homebuyers will have the option to pay for their mortgage in bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, announced plans this week to accept cryptocurrency for home loans, in what is
Investment Specialist, Team Denver Homes - RE/MAX Professionals. Your first step as a real estate investor is usually the most difficult. I often talk to new investors who feel overwhelmed by everything they don’t know about real estate: the terminology, the market, the capital, the risks and rewards. If this sounds familiar, let me reassure you: real
12 of Beloved Community Village residents, formerly homeless people, are now live in the tiny-house community in Denver, Colorado. Hyoung Chang | MediaNews Group | The Denver Post via Getty Images Demand for tiny homes, either stand-alone or backyard dwellings, rose significantly during the coronavirus pandemic, as some homeowners looked for additional space and others
As Mohamed Hadid eyes a record price in Beverly Hills, another of the luxury real estate developer’s properties is headed towards a different fate. Hadid’s unfinished mega-mansion at 901 Strada Vecchia Road in Bel-Air is scheduled to hit the auction block next month, according to sources familiar with the property. The high-end development, now listed
This is an excerpt from CNBC Make It’s weekly newsletter. Subscribe here. Sorry to be the bearer of bad news. But if you’re currently renting your place, you might see the price tick up when it’s time to renew your lease. In fact, rent is forecast to be even higher this year than it would have
During the week ending August 16th, Manhattan saw 282 listings added to its real estate roster, while 302 contracts were signed, almost 100 more than the historical average (see chart courtesy of UrbanDigs below). This suggests the residential real estate version of an inverted yield curve, and it has been happening week after week for
With the second season of The Hills: New Beginnings recently coming to a close, it’s been a very busy time for Jason and Ashley Wahler, especially with the arrival of their baby boy, Wyatt Ragel, who was born on June 16th, 2021. Although he was busy making his television debut on the last episode, he’s
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less)
An upcoming virtual auction for 34 acres of some of Hawaii’s most desirable land has been announced for this coming September. Situated on Kauai’s North Shore, this lush expanse is a rare development opportunity in a state known for highly-coveted land, elements reflected in the property’s $50-million asking price. The sale will come at an
Flood waters stream down the road in Muhlenberg Township, Pennsylvania, after a major storm last August. Ben Hasty | MediaNews Group | Getty Images Climate change and its devastating impact are accelerating faster than ever, according to a new report from the United Nations’ Intergovernmental Panel on Climate Change. Hurricanes are becoming stronger, rainfall heavier
The largest home ever permitted in Los Angeles County—a massive Beverly Hills compound spearheaded by real estate developer Mohamed Hadid—hit the market Tuesday with an asking price of $250 million. If it sells for that price, Hadid’s compound would be the most expensive residential property ever sold in California, property records show. Hilton & Hyland
In this article XHB Homebuilder stocks tumbled on Tuesday after a key sentiment gauge fell to its lowest level in the year. That decline was tied to higher material and labor costs that have impacted housing prices and dampened demand. Home Depot also weighed on the group after it fell short on quarterly comps. Lowe’s
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