Housing is doing something it hasn’t done since the bubble. According to economic forecaster Lakshman Achuthan, home prices across the country are rising at the fastest pace since 2004. Plus, he finds price growth is at a record high. “This economy that has been really driven by stuff at home,” the co-founder of the Economic
Real Estate
A row of luxury homes on a Malibu beach. getty Malibu’s housing market has thrived during the coronavirus pandemic, as dwindling inventory in the beach city’s most desirable pockets has pushed home prices well above the normal rates. With COVID cases continuing to rise across the country, hopefuls waiting out the summer for a bargain
Courtney Keating | E+ | Getty Images Talk to anyone who’s gone through divorce and they’d likely say the experience was no walk in the park. Yet the notion may be weighing on more spouses during the pandemic, some research shows. For instance, based on Loanry.com’s internal data, there’s been a 62% increase in loan
A buyer still has to look HARD to find the name and contact information of the exclusive listing … [+] agent on properties in New York City. getty Technology governs the process of shopping for residential real estate like never before. During the 9 months (and counting) of the pandemic, owners and seekers of homes
American homeowners are $1 trillion richer as the pandemic-driven housing boom pads their pockets. As prices rise, home equity multiplies. In the past year, homeowners with mortgages, representing about 63% of all properties, have seen their equity increase by 10.8%, according to CoreLogic. That equates to a collective $1 trillion in gained equity, or an
NYC’s real estate market is providing clarity again. Ariel Property Advisors Many seem keen to ring a death knell for New York City’s commercial real estate sector, but recent transactions are providing clarity and short-term positivity. There are, of course, a few headwinds delaying a return to normalcy right now. The city’s COVID-19 positivity rate
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Renters started returning to Manhattan in November, lured by a record drop in rental prices, according to a new report. The number of new leases in November
Billionaires Elon Musk, Jeff Bezos and Bill Gates all live in states that don’t collect income tax. Credit: Saul Martinez/Getty Images, Michael Prince for Forbes, Chesnot/Getty Images Tesl TSLA a CEO Elon Musk has moved his primary residence from California to Texas, according to reports on Tuesday, which means the three richest people in American—Musk,
Scott Heins | Getty Images News | Getty Images The next stimulus package may include relief for renters struggling in the pandemic. In a summary of the bipartisan legislation circulated on Wednesday, lawmakers included a national eviction moratorium until February, 2021, and $25 billion in rental assistance for tenants who’ve fallen behind. Those funds would
A report by the Proceedings of the National Academy of Sciences has explored the geography of insecure water access across the United States, remarking that safe, reliable, and equitable water access is a fundamental human right that proves critical to both health and livelihoods. Interestingly, the U.S. still has major problems when it comes to
Mortgage rates fell again, falling to a record low for the 14th time this year, defying their usual correlation to Treasury yields, which have recently been moving higher. And that is sending ever more borrowers to their lenders looking to refinance their home loans. Mortgage applications to refinance rose 2% last week from the previous
Most houses with “celebrity pedigrees” earned the distinction because a larger-than-life figure lived there. But in other cases, the notable figure also built the house themselves. Welcome to 15261 Antelo Place in the Los Angeles community of Bel-Air. The angled mass of concrete, steel and stone, surrounded by water elements, is listed at $14.9 million.
When it comes to these homes, it’s all about location, location, location. From a modern tour de force in Los Angeles to a sprawling villa in southeastern France, there’s no shortage of scenery with these world-class properties. Here’s a closer look at what about $15 million buys in the Bel-Air, Mougins and Vail Valley housing
Getty Images We’ve officially reached the last month of 2020. For many investors, that may prompt a sigh of relief. But financial advisors say this is a great time to step back and assess which year-end financial moves you need to make now and revisit your money strategy to set yourself up for a prosperous
This holiday season is likely going to feel different than in years gone by, but the gifts can still … [+] be great. getty When the season to be jolly collides with a global pandemic, gifts that support health and well-being may be the most welcome of all. Here are eight wellness design gift ideas
Marc Anthony is seeking a buyer for his impressive Italian-style estate in Coral Gables, Florida, … [+] near Miami. Nexxos Realty Marc Anthony, the top-selling tropical salsa artist of all time, has put his sprawling waterfront mansion in Coral Gables, Florida, on the market for $27 million, two years after buying it from Bacardi heiress
The hot housing market during the coronavirus pandemic could heat up further if more homes are put up for sale, the CEO of real estate brokerage Redfin told CNBC on Monday. “If we see people get more comfortable letting others into their home, we’re going to see more inventory on the market, and that’s what will
The real estate business is getting more competitive with each passing day. iBuying has taken over the industry with house flippers and real estate companies doing their buying and selling without even visiting the property. Zillow is now making it even easier for home buyers and sellers as it moves into new cities. This rollout
One57 building in the skyline of New York City as seen from the Rockefeller Center Observation Deck. Roberto Machado Noa | LightRocket | Getty Images The seller of a luxury condo apartment on Manhattan’s Billionaires’ Row took a loss of at least $12 million to offload the property, according to public filings. The 4,500-square-foot condo
Founder and Managing Partner of Club Estate a leading real estate investment boutique for family offices and institutional clients. Getty The real estate industry is transforming at an unprecedented speed, with the Covid-19 crisis acting as an additional catalyst for change. Technological developments in proptech, the impact of ESG criteria and the changes in the way people
Vice President of Acquisitions at Fisher Brothers. getty With the continued focus on green development, there is potential for a new trend in New York City: the ushering in of a new phase for development by incentivizing the private market to build more green properties. Supporting this predictive shift is the technological enhancements making the industry
After more than five years of living in the Santa Monica Mountains, English singer-songwriter Liam Payne is ready to pull up stakes. Payne, who gained fame as a member of the superstar boy band One Direction, is selling his sprawling estate in the hills above Malibu for $10.75 million. Jonah Wilson of Beverly Hills-based brokerage
It’s the end of an era in Beverly Hills, where Priscilla Presley has sold her home for $13 million. Sale of the actress and former wife of Rock ‘n’ Roll legend Elvis Presley’s estate had been in the cards since this summer when the property hit the market for $16 million. Jonah Wilson of Beverly
After setting a California price record in February with the $165-million sale of his Beverly Hills … [+] estate, media mogul David Geffen has sold another prized property in the 90210 for $33.75 million. Patrick McMullan via Getty Images The hits keep on coming for David Geffen. The media magnate this week unloaded another prized
The Los Feliz mansion of pop conductor Michael Feinstein was once listed for as much as $26 million. Hilton & Hyland The Cold War is finally over for music revivalist Michael Feinstein. The Grammy-nominated singer and pop conductor this week sold his longtime home in the Los Feliz neighborhood of Los Angeles for a little
For close to a decade, the Honeycutts lived in the brick house with white shudders on Patterson Street in China Grove, North Carolina. Vicki Honeycutt and her husband, James, a disabled Gulf War veteran, loved to sit out on the front porch, drinking Pepsis or sweet tea. Vicki’s favorite space in the three-bedroom house was
Luxury abounds at this exquisite waterfront property in the Bahamas. Christie’s International Real Estate The pandemic has triggered a sharp increase in interest from urban dwellers seeking a quieter, slower lifestyle in other communities, states and even out of the country. But escaping to the suburbs or countryside is not enough for some people. A
Christelle Rohaut, cofounder and CEO of Codi. Codi It is, at first blush, a tough pitch: amid a global pandemic, a startup wants you to turn your home into a coworking space for strangers. But that’s what Codi aims to do. “Data has shown that 80% of people don’t want to go back to an
Tenants in the Harlem neighborhood of New York City hold a demonstration to call attention to their rent strike during the Covid-19 pandemic Andrew Lichtenstein | Corbis News | Getty Images Come January, life will get a bit tougher for those already struggling amid the coronavirus pandemic. Unless more aid comes from the government, several
Large homes on the shore of South Lake Tahoe. getty If a vacation home in Lake Tahoe is on your holiday shopping list this year, be prepared to pay a premium for what little inventory remains. In November, the Tahoe-Truckee market showed little deviation from the record-setting pace that began during the summer months. The
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