Real Estate

A potential home buyer reviews paperwork during an open house in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images November is not historically a strong season for homebuying, but this one, like the rest of 2020, isn’t following any rules. Homebuyer demand is surging again, after taking a slight break around the election. Mortgage

Zell in 2019. Getty Images Sam Zell is one of the legendary investors of his generation, known for his love of dealmaking, gold chains, and telling it like it is. The title of his 2017 autobiography borrows his favorite phrase: “Am I Being Too Subtle?” Real estate has long been Zell’s dominion, and he scored

A contractor carries wood studs while building a home in Park City, Utah, U.S., on Friday, Aug. 14, 2020. George Frey | Bloomberg | Getty Images The nation’s homebuilders have never been this happy. In November, builder confidence in the construction market for single-family homes soared to its third record high in as many months.

Kent Clothier, a national leader in the real estate investing industry, is the Founder and CEO of Real Estate Worldwide (REWW). getty You’ve heard that buying a rental property can be a fantastic way to produce passive income, and you’re ready to invest. But there’s a problem: all the best markets are outside your local area. Can

Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze, will be sold to the highest bidder, with no reserve, by Concierge Auction next month.

Chief Executive at EastBanc, a multinational real estate development company headquartered in Washington, D.C. getty Holiday shopping has started early this year, as government subsidies and deep discounts continue to encourage healthy spending patterns among consumers. However, consumers are still looking for ways to embrace the traditional holiday experience. Main Street shopping districts have the power

The penthouse occupies the 37th through 39th floors of the 1930s Hampshire House on Central Park … [+] South. Nest Seekers International A Manhattan penthouse overlooking Central Park, on the so-called Billionaire’s Row, with an award-winning redesign teed up, is being auctioned off next month with no reserve.  The apartment is currently on the market

Investment Specialist, Team Denver Homes - RE/MAX Professionals. getty Wherever you are on your real estate investment journey — whether you’re a first-time homebuyer or a seasoned investor — you need to be thoughtful and strategic about how you spend your hard-earned money.  You have many different investment routes to choose from, which can sometimes be overwhelming

Corey Burr is Senior VP of TTR Sotheby’s International Realty. getty A rapidly growing number of millennials are jumping into the real estate market. Prior to Covid-19, Realtor.com predicted that millennial mortgage purchases would make up more than 50% of all new home loans this year. Even with the effects of the pandemic, millennials still managed

Mychal Phillips and Mario Schollmeyer recently bought an apartment in Park Slope, Brooklyn. Mychal Phillips Despite the dire reports about the New York City real estate market, transactions are taking place and, in some cases, there are bidding wars — and not just in the suburbs. Here’s a look at two sets of buyers and what they

Managing Principal and Co-Founder of Calvera Partners, a multifamily investment company catering to high-net-worth individuals and families. getty Across the country, people have found a way, sometimes with the help of federal stimulus, savings or installment plans, to make their rent payment. In instances where the rent burden is too great, people have moved back in

The building was built a by a coal oil salesman about 100 years ago. Prior to its renovation, this … [+] building served a variety of industrial purposes over its 100-year history Photo courtesy of Bennett Frank McCarthy for Downsize: Living Large In a Small House It is said that Elenor Roosevelt once dubbed Blagden

The Meritage Homes Corporation Home construction company logo seen displayed on a smartphone. (Photo … [+] Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) LightRocket via Getty Images I had the opportunity to chat at length with Steve Hilton, the outgoing CEO of Meritage Homes MTH. Instead of looking back on his stellar 35-year career,

Founder and CEO of Rentec Direct, property management software for real estate professionals. getty This year has presented a myriad of changes that none of us could have predicted, but patterns are beginning to emerge as we get closer and closer to the end of 2020. Within the real estate industry, different markets are experiencing different

Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. getty In the world of multifamily financing, a non-recourse loan is considered to be the gold standard for acquisition financing because they are considered to be less risky for the borrower. Typically, these facilities are offered by specialty lenders and government-sponsored

Nearly three quarters of the homes that sold in New York City between March and October went for … [+] less than the seller’s original asking price. getty The COVID-19 pandemic, combined with already-cooling sales, led to the ultimate buyer’s market in New York City this year. A new report by StreetEasy found that nearly

This full outdoor suite includes dry storage drawers, a built-in grill with access doors, built-in … [+] refrigerator drawers, a beer dispenser as well as a beverage chiller and preparation compartment. Photo courtesy of DCS by Fisher & Paykel With so many people quarantining at home, outdoor space has become increasingly important – not only

One of the National Association of Realtors “30 Under 30” real estate agents, serving the Del Mar and San Diego luxury residential market. getty Low inventory and record low interest rates signal a hot seller’s market. However, uncertainty about how the ongoing pandemic and future tax legislation might impact the economy has created a lot

Housing stocks are standing on shaky ground. That’s according to Matt Maley, equity strategist at Miller Tabak, who says that while the group looks great fundamentally, some weaknesses are beginning to form. “I’ve been bullish on this group for two years now,” Maley told CNBC’s “Trading Nation” on Wednesday. “But sometimes the stocks do a

A new normal, perhaps involving masks in certain situations and care about what and whom we touch … [+] and what we sterilize, will gradually descend on us. getty The coronavirus remains contained in most of our city. New Yorkers must commit to keeping it that way. This week, New York State ranked 49th out of

Another record low interest rate on the 30-year fixed mortgage last week did not help drag homebuyers out of their recent slump. Declining demand from buyers caused mortgage application volume to fall 0.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.   Mortgage applications to purchase a

Sign advertising apartments for rent in the Upper East Side in New York City. Adam Jeffery | CNBC Manhattan real estate may be turning the corner, as new rentals increased for the first time in over a year and sales activity started to creep higher after the Covid collapse. A big drop in rental prices

The lobby at Les Cactus Hotel. Zach Sorensen Les Cactus, a hotel that opened just prior to the pandemic is raising the bar for design in the chic-as-it-is hot city of Palm Springs California. Located in the Warm Sands neighborhood, just minutes from famed Palm Canyon Drive— it is unofficially the most Instagramable hotel in

Camp Reboot in Palemo, Maine is 1,100 feet and designed by GO Logic. Copyright 2017 Josh Gerritsen Media I have been in awe of the houses designed by GO Logic for several years and have included their homes in several of my books. They have been innovators in designing and building prefabricated houses as well

Rocket Companies CEO Jay Farner in an appearance on CNBC on Wednesday credited the mortgage lender’s investments in technology for its record quarter it reported the day prior. The Detroit-based company, which began trading on the public market in August, posted triple-digit loan volume in the third quarter amid a low interest rate environment spurred

An artist’s rendition of Lilium’s planned vertiport in Orlando’s Lake Nona, which it envisions as a … [+] hub for a statewide air taxi network. Courtesy of Lilium The German electric aircraft developer Lilium is partnering with the real estate developer Tavistock to build a hub in Orlando for an inter-city transportation network in the

Buying a home is the biggest purchase many people will make in their lifetime. But you shouldn’t value your house like a traditional investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” “It’s really a form of consumption. You own the home as opposed to paying rent for

Buying a home is one of the most expensive things the average person will do in their lifetime. A mortgage is viewed as the default way to finance this purchase, but getting one isn’t always easy, especially for a first-time homebuyer. There are a ton of factors and steps involved in the process, and someone

Apartments in places like Siesta Key, Florida, have seen double the average rent per night for … [+] October, compared to 2019. getty After seeing unprecedented demand over the summer, property owners in Florida are anticipating a busy winter rental season and predict that rents could nearly double, even with COVID-19 cases starting to trend

Rajeev Misra, CEO of the SoftBank Investment Advisers. SoftBank LONDON — SoftBank is considering moving its colossal Vision Fund from London to Abu Dhabi, according to a report from The Financial Times Tuesday, citing anonymous sources familiar with the matter. The Japanese tech giant is said to have been “holding internal discussions” on the matter