Mortgage rates notched their biggest increase in almost a year this week. Will they keep rising? getty Mortgage rates made a notable jump this week, hitting their highest point since last July. According to the Mortgage Bankers Association, the average rate on 30-year mortgage loans is now 3.23% — up from 3.08% the week prior
Real Estate
The Midtown Manhattan skyline creates a backdrop for historic buildings along 59th Street. getty The number of new listings for residential properties in Manhattan saw its first year-over-year increase for 2021 in February, while the number of contracts signed fell slightly but remained well above the figures from the same period last year. From February
In recent years, we’ve witnessed a new generation taking over as property seekers and investors as older investors retire. For real estate professionals, adjusting to the generational changes and new demographics is an absolute necessity. In between each generation, how they consider the market and the metrics, and what they keep an eye on, may
An abstract painting depicting a scene from “Rocky” sits above the bar in the Beverly Hills-area … [+] home of actor Sylvester Stallone. Hilton & Hyland | Berlyn Photography 2021 Sylvester Stallone may be best known for playing fictional Philadelphian Rocky Balboa on the big screen, but when it comes to offscreen living, the box-office
This kitchen reflects three of the top seven tile trends — oversized, stone look and blue hues! Techlam, Levantina – Tile of Spain If you’re planning a kitchen or bath remodel, you probably have a budget for tile. If you’re planning an outdoor living space, you may have one too, as pavers are growing in
The blufftop compound on the Big Island of Hawai’i is called Water Falling Estate for the two … [+] cascading waterfalls that reside on the property. Hawai’i Life Prized properties generally command a premium, but not all luxury real estate is the same. In this week’s look at the global housing market, I took a
Robert Reffkin speaks at a conference in New York City in 2019. (Photo by Brad Barket/Getty Images for Fast Company) Getty Images for Fast Company Compass, the real estate brokerage with more than 19,000 agents on its platform, filed its IPO prospectus with the Securities & Exchange Commission on Monday. The filing showed significant growth
KB Home, the Well-Living Lab, and Delos feature a “MindBreak” microenvironment in a new concept home … [+] showcasing pioneering health technologies in Phoenix. Image provided by KB Home To no one’s dismay, safer, healthier living through science has taken a firmer hold on Americans’ still widely-burning dream of homeownership. One homebuilder’s marketing website features
CEO at Caspar.AI; MIT TR35; Co-founder Katapult; Sloan Fellow; Microsoft Fellow; Stanford CS PhD; SF Business Times 40 under 40. getty There’s currently an alarming intersection of two demographic trends that real estate investors and developers should take note of as they will directly impact senior housing developments: Trend No. 1: People are living longer in
Even with federal aid, eviction filings are expected to rise. getty Millions of Americans who lost their jobs during the pandemic have fallen thousands of dollars behind on rent and utility bills. In one of President Joe Biden’s first official acts after his inauguration, he extended the federal ban on evictions through March. While eviction
From an elegantly restored riad in Marrakesh to a treehouse in Tuscany, your next pet-friendly getaway has never looked better. Unique Architecture Cave House in Oia, Greece is one of Airbnb’s most wish-listed properties. Giorgos Sfakianakis ©2019/Airbnb We now find ourselves in the midst of a major pet-adoption boom here in the U.S, and as
Wall Street sign inscription as seen on various buildings, Wall St address, Downtown in lower … [+] Manhattan is a significant road and area district for the American, the global economy, banking system, markets etc with headquarters of companies and financial institutions located there like the New York Stock Exchange NYSE. New York City, USA
Decorating your first apartment? Here’s everything you need to know. Sidekix Media on Unsplash Buying furniture for a first apartment or home can feel stressful because it involves a great amount of decision-making. It’s also a challenge because there are so many major purchases to make, often with a budget in mind. And while it’s
Mortgage rates sign on the home and charts. getty Two negative impacts hit homebuyers last week: interest rates and winter weather. Mortgage interest rates have been on a slow but steady increase ever since the beginning of the year, but last week they jumped up to 2.97%, a full 15 basis points higher than the
A rooftop terrace at the Waterfront development in Daniel Island takes in a view of the nearby Wando … [+] River Bridge. East West Real Estate Although the first body of water that may come to mind when one thinks about Charleston, South Carolina, is the exalted Atlantic, the coastal city is equally defined by
An insurance policy might pay for fire damage, but it’s not so simple if the property is under … [+] contract. RANJAN SAMARAKONE Commercial real estate documents need to deal with all kinds of hypothetical eventualities, so that if some possible risk actually hits, the parties know what will happen. In a perfect commercial real
By Guelda Voien Alden Global Capital has deployed millions since the start of the pandemic, including an offer last week to buy newspaper publisher Tribune Publishing — but the hedge fund manager has also allegedly been stiffing the landlord at its Manhattan headquarters on rent payments since last April, according to a complaint filed yesterday. Looking up
Matt Avital is the Principal & Founder of Ascenda Capital, located in Los Angeles, CA. getty Build-to-rent (BTR) is a relatively new asset class that has been quietly gaining traction among both boutique and institutional investors. This exciting new asset class is exactly what it sounds like: a community of high-quality detached single-family rental properties rife
The view from the home sites at the new Havens development in Snowmass, Colorado. Slifer Smith & Frampton Real Estate With many COVID-19 forcing many to reevaluate their living arrangements, it’s safe to say that traditionally second-home markets are having a moment in the spotlight. That goes double for new construction in resort mountain areas,
Kitchen remodels are a popular and expensive home improvement project. getty Sooner or later you might join the millions of Americans who remodel or renovate their homes each year. Perhaps it’s at that moment when you realize your kitchen says 1975, but you would prefer to cook in the moment. Or you have decided you