Real Estate

Luxury Portfolio International (LPI) takes a deep dive into the state of luxury real estate. New research from LPI shows that the ratio of affluent consumers looking to buy residential real estate over $1 million versus sellers is estimated to be 3:2, thus setting the stage for an inventory crunch within the high-end property segment.

The 2021 Outdoor Living Report issued by Brown Jordan Outdoor Kitchens makes it official: 82% of American homeowners recently surveyed reported that they are more interested in updating their outdoor living spaces than they were prior to the pandemic.  With data gathered from over 2,000 adults by The Harris Poll, the survey shows that, since

A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose 3% last week from the previous week, according to the Mortgage

For several years there has been some resistance to wall-to-wall carpeting in the home because it gets dirty and is often difficult to clean. Spot remover doesn’t always do the trick. Carpeting can also be limited in design and expensive to install. But an excellent alternative to wall-to-wall carpet are carpet tiles. These are sisal

The CEO of United Wholesale Mortgage on Wednesday defended a recent controversial move in a crosstown battle with rival Quicken Loans. UWM earlier this month said it would no longer work with any mortgage brokers who also conducted business with Quicken and another competitor, Fairway Independent Mortgage in Wisconsin. “I know how different people want

A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS.   “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking

Pacaso, a marketplace for second homes, has raised $75 million in Series B financing that gives the five-month-old business a valuation north of $1 billion, the company announced on Wednesday.  Pacaso, which was founded by CEO Austin Allison and Zillow cofounder Spencer Rascoff, has raised over $90 million to date. The company specializes in subdividing

These days there are real estate investors doing great work in developing communities. Real estate investors Cory Nemoto and Audrey Kikos are demonstrating the benefits real estate investors can bring to communities and individuals.  Cory Nemoto, co-owner and founder of KÉCŌ Capital, a private real estate lending company based in Honolulu, Hawaii, that flips houses in

Protesters gather at a rally in support of bills and legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images The country’s attempts to get the coronavirus pandemic under control could be undermined by the upcoming expiration of the national ban on evictions, experts warn. The

The COVID-19 pandemic and subsequent lockdowns have meant that many of us now have to spend significantly more time at home. This trend is likely to continue with increasing numbers of employers allowing employees to work from home more often. As the boundaries blur between home life and work life, now more than ever we

. Catherine Falls Commercial | Moment | Getty Images The Centers for Disease Control and Prevention may be moving to extend the national eviction moratorium that has been in effect since September and is now scheduled to expire at the end of March. The CDC has sent a proposal to the Office of Management and

Older adults, especially those living in nursing homes and assisted living facilities, have been among the groups hardest hit by COVID-19. This has compelled a reexamination by many – often in concert with their adult children – about how and where they want to live the rest of their lives. Real estate professionals, industry analysts

A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sales of newly built homes fell more than expected in February, as builders faced higher costs and persistent delays, and, consequently, raised

Is there a Manhattan enclave more synonymous with timeless style and grace than the Upper East Side? Long a bastion of class, distinction and old money, the enclave sets its own tone, forgoing passing fads. Now, the neighborhood is returning to its roots by investing a select few all-new buildings with the time-honored architecture, bespoke

Knotel, the flexible office startup that filed for bankruptcy protection earlier this year, has found a new leader: Michael Gross, the former vice chairman of another SoftBank-backed firm, WeWork. He replaces Amol Sarva, Knotel’s cofounder, who served as CEO since 2015 and has been an outspoken WeWork critic. Gross’ brother, Eric, will also become Knotel’s

For the past few months, writing on Miami’s overheated real estate markets has felt a little bit like the rat hitting the Crockett & Tubbs cocaine bar. Sales price records continue to be set everywhere. The national press is swooning. And A-list buyers and businesses under pseudonyms and LLCs that we’d all figure out eventually

Cofounder of InstaLend, a non-bank real estate lender providing loans on single-family and multi-family properties for acquisition and rehab. Despite the Covid-19 pandemic, the United States has seen surges in demand for housing. According to January 2021 data from the Mortgage Bankers Association, mortgage applications for new home purchases increased by 18.9% compared to a year

Single-family homes are seen in this aerial photograph taken over a Lennar Corp. development in San Diego, California. Bing Guan | Bloomberg | Getty Images Closed sales of existing homes in February dropped a larger-than-expected 6.6% compared with January, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate

Broker/Owner of Commercial Professionals in Las Vegas for over 25 years focusing on off market investments. Prof Speaker and Success Expert. The pandemic has negatively affected all classes of commercial real estate (CRE), however, it has also generated innovative possibilities for the CRE market this year including affordable rental prices, efficient online communication and sending in forms

If the pandemic has taught us anything, it’s how important our homes are. After more than a year, many of us are tired of looking at the same walls, perhaps are ready to upgrade our appliances to match our newly found love for cooking, or just want to surround ourselves with brighter, mood-boosting colors. This

Rodolfo Delgado is the Co-Founder & CEO of Replay Listings, the first platform to find apartments for rent in NYC focused on unedited videos. Have you ever been haunted by ads for something you searched online? For me, that invasion of privacy I accidentally consented to with a click of a button recently took the shape

Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property.  With interest rates at record lows, this spring could bring one of the hottest markets for investment property in decades. If you’re considering buying your first investment property, or adding to your real estate portfolio

Even the virtual world requires a physical footprint. On Thursday, Sundar Pichai, CEO of Google and its parent company, Alphabet, published a blog post announcing plans to invest $7 billion in offices and data centers this year across 19 states. The plans include over $1 billion earmarked for California and the expansion of offices in

Victor Washington fell behind on his rent during the pandemic. He and his landlord, Andrea Sorum, joined forces to keep him in his home. Source: Andrea Sorum At one point in the pandemic, Victor Washington was nearly four months behind on his rent. The problems began soon after he moved into the one-bedroom condo in

Every neighborhood in Manhattan has its own unique character, but Sutton Place, a cozy neighborhood nestled along the East River between 53rd and 59th Street, offers something completely one-of-a-kind in a city as vibrant as New York—tranquility. Composed of roughly a dozen blocks, Sutton Place is known as a cul-de-sac community—a reference to the many

Things are heating up on the Kona Coast, particularly for those in the market for high-end real estate. Hokuli’a, a private residential club community on the Big Island of Hawai’i, this week rolled out its latest offering of luxury homes: 20 premier oceanside lots, each offering sweeping views and direct access to roughly three miles

Many Upper East Side apartments boast timeless prewar details and elegant rooms. This newly-listed residence at 1000 Park Avenue comes with another layer of character: interiors by noted French designer Jacques Grange. Among the most revered interior designers globally, Grange is known for tying together traditional and contemporary elements. In addition to New York hotel

A contractor works on a house under construction at the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 8, 2021. Luke Sharrett | Bloomberg | Getty Images A monthly index measuring homebuilder confidence in the single-family housing market fell, as builders face rising interest rates and rising costs for materials, especially lumber. The

Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat!  Since the build-to-rent model quietly crept into the real estate sector in the early 2000s, it has steadily gained steam, chugging to prominence in the last few years. But the success of build-to-rent is relatively new, and some investors still misunderstand

Federal Reserve Chairman Jerome Powell speaks at a virtual news conference in Tiskilwa, Illinois, on Dec. 16, 2020. Daniel Acker | Bloomberg | Getty Images The Federal Reserve on Wednesday kept its benchmark interest rate at zero to continue to support the economic recovery from the coronavirus pandemic. The decision comes just days after the