Real Estate

Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now they’re less than a third, according to the National Association of Realtors. The majority are millennials ages 25-34. There is still hope for homeownership, however. While

For the past few decades, the sledgehammer has begun most remodeling projects. Countless design shows depict, early in the program, gleeful homeowners and builders knocking down walls as they transform yet another traditional home design into the open concept floor plan we are all said to favor.  An open concept layout combines living, family and

Shoppers walk through a nearly empty Palisades Center Mall retail center in West Nyack, New York, February 3, 2021. Mike Segar | Reuters If you noticed more darkened windows and empty stores at the mall recently, you’re not alone. The vacancy rate for regional malls in the United States hit a record 11.4% in the

Paul McClean of McClean Design has designed some of Southern California’s most spectacular ultramodern mansions, but a new concept for a sprawling oceanfront compound on Hawaii’s Big Island may be the architect’s most ambitious project yet. The sprawling nine-bedroom mansion concept, for which architectural plans have been approved, is part of the latest estate offerings

Billionaire Rick Caruso’s eponymous real estate company is jumping into the world of cryptocurrency, announcing Wednesday it will begin accepting bitcoin as rent payment at its residential and retail properties. The privately held firm said it also has invested a portion of its corporate treasury in bitcoin and entered into a partnership with Gemini, the

AVP Leasing, Simone Development Companies. Commercial landlords typically quote their property rental rates in either triple net (NNN) or gross rental rates (GROSS) on a per square foot (PSF) basis. What are the differences and how can you easily evaluate between both options? If you are reading this you are probably renting or looking to rent

Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.36%

The Biden administration unveiled a $2 trillion infrastructure plan last week, and it contains some much-needed wellness design enhancements for American homes. Even its goals of increasing affordable housing stock and improving public housing advances the ideal of everyone having a safe, healthy place to live.  The pandemic pointed out the importance of this ideal,

Australia’s housing sector has proven to be exceptionally resilient during the coronavirus pandemic, with each of the country’s capital cities seeing an annual rise in property prices. Last month, the Australian Bureau of Statistics reported a 3% increase in residential property prices in the December quarter 2020, led by Sydney (at 3%) and Melbourne (3.4%).

Andrew Harrer | Bloomberg | Getty Images The Consumer Financial Protection Bureau is warning mortgage servicers that they’re expected to help the surge of struggling homeowners in the pandemic and explore options other than foreclosure. “Responsible servicers should be preparing now,” CFPB Acting Director Dave Uejio said in a statement. “There is no time to

Ali Jamal is the Owner and CEO of Stablegold Hospitality, a real estate investment company. If you’re not currently a homeowner or haven’t purchased your first multi-residential property, you may still have hopes of building a multi-million or billion-dollar real estate portfolio. Yet that goal appears to be far-fetched amid a global pandemic, while scores of

Millions of Americans took advantage of the payment suspension and mortgage forbearance programs both lenders and the federal government rolled out due to the Covid-19 pandemic last year. But as these emergency programs start to wind down this year, the Consumer Financial Protection Bureau wants to put safeguards in place to ensure millions of families

In this article RDFN Competition in this spring’s housing market is hotter than ever, thanks to high demand and record low supply. Selling a home has likely never been easier, and while that may sound like great news for real estate agents, there is a problem: They are desperate to find listings. “Frankly, this is

Every technology has multiple phases of innovation. 3D printing technology has been evolving at a very quick pace – champions have been using it recently to print everything from airplane engines to custom shoes. Now, Mighty Buildings is using 3D printing to build an entire community of homes in Palm Springs, CA. The community will

The Beverly House, a grand Beverly Hills mansion once owned by newspaper tycoon William Randolph Hearst and actress Marion Davies, is back on the market for about $90 million. A titan of industry. A Hollywood starlet. A scandalous affair. An iconic movie. Many Los Angeles homes come with colorful backstories, but few tell a tale

fstop123 | Getty Images The Consumer Financial Protection Bureau proposed a rule Monday to prevent a wave of foreclosures this fall, when certain Covid-era protections for homeowners are set to expire. The proposal, which would need final approval, generally prohibits mortgage servicers from initiating foreclosure proceedings against delinquent borrowers until after Dec. 31, 2021. The

If you’re looking to rent a home or apartment during this time in your life, you’re not alone. Many people opt to rent rather than buy. However, it’s important you know exactly what you’re signing up for when reviewing your new lease. Members of Forbes Real Estate Council share warning signs that renters tend to

A rocky bump rising in the bay between San Francisco and Oakland, Yerba Buena Island is a dramatic and historic part of the City by the Bay. In 1868, an army camp was established here which, in 1875, led to the construction of an octagonal lighthouse that still stands. Over the years, it has been

It’s alive! That’s what we learned about the New York City real estate market during the first quarter of 2021. Somehow the new year awoke in New Yorkers a realization of their commitment to life in the city. Low prices, at levels not seen since 2011, combined with record low interest rates and the prospect

You know the drill. Disruption engenders change and, as a result of the current and ongoing market shock driven by the COVID-19 pandemic, change that was already underway has accelerated. Real estate companies have been embracing proptech like never before. However, this change has by no means been uniform across the board. I had a

Eric is a Real Estate investor, founder of MartelTurnkey, and author of Stop Trading Your Time for Money. Even if achieving financial independence is your No. 1 goal, how to make that a reality is far from obvious. A critical first step is to understand your expenses. Make sure your revenue is greater than your spending. This

Oli Farago, Co-Founder and CEO of Coyote Software. The talent war brewing in the commercial real estate industry remains competitive, with employers parsing through a limited pool of top professionals who possess highly sought-after skills and experiences. Surprisingly, the pandemic has not eased this tug-of-war. In fact, remote working mandates have hastened the hunt for dynamic

Elik Jaeger President & CEO at SuiteSpot Technology, frictionless facilities management PropTech for multifamily operators.  Many multifamily operators are still making important decisions about property operations, maintenance, budgeting and more with little to no real-time data because they simply don’t have it available. Instead, they try to make sense of an unorganized “data dump” for decision-making

For seven straight weeks interest rates have seen increases, with this week being no exception. They landed at 3.18%, per the Freddie Mac weekly report—only a slight rise from last week’s 3.17%. Just two months ago they were under 3%, after a string of decreases leading to the records continually being broken for the lowest

People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” And the equity in your home can be misleading. “It’s really a form of

Chris Sands, Founder and CEO, Sands Investment Group (SIG). In commercial real estate sales, a common philosophy is the “win-win or no deal” approach. This suggests that both parties in a transaction should aim for a mutually beneficial outcome or walk away from the deal altogether. This brings both parties’ needs into consideration while anticipating an

The 3 acre Northern California estate where “White Christmas” crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Exterior of 101 Robin Road, Hillsborough, CA Dennis Mayer | OMARSHALL Real Estate Built in 1930, the English Tudor-style residence is just under 10,000 square feet with 10 bedrooms and

Nine years after its founding, real estate brokerage Compass went public on Thursday, minting a huge windfall for the company’s investors and employees. As of early afternoon Eastern Time, cofounder and CEO Robert Reffkin was worth more than $500 million, Forbes estimates. Reffkin, 41, owns 2.3% of Compass’ normal Class A stock and 100% of

Pope Francis is using his pulpit to call attention to climate migration. “When we look, what do we see? Many are being devoured in conditions that make it impossible to survive. Forced to abandon fields and shorelines, homes and villages, people flee in haste carrying just a few souvenirs and treasures, scraps of their culture

What does one do with the summer residence of Portuguese nobility? The privately-owned Brejoeira Palace, just south of Monção, Portugal, offers many possibilities. Lacking a crown and subjects, one could be a land baron. The 74-acre rural estate includes 44 acres of vineyards, 20 acres of woods and 7.5 acres of gardens. There’s even a