The U.S. Department of Housing and Urban Development (HUD) today announced $5.6 billion in funding will go to 1,200 communities through more than 2,400 grants to states, urban counties, insular areas, Washington, DC; Puerto Rico and local organizations across the country. These annual formula grants provide critical funding for a wide range of activities including
Real Estate
It is becoming increasingly popular to have a freestanding bathtub and shower in a glass enclosed area or in just an open space. These can be apart from the sink and toilet in the bathroom in a separate enclosure or they can be freestanding with no enclosure. Bath/shower combinations have been very popular in Japan
A huge part of New York City’s appeal is and always has been its attractiveness to newcomers from foreign lands. Were this melting pot a dish rather than a city, its sheer number of spicy ingredients would handcuff even the most agile of chefs. Some studies undertaken within the last several years have indicated more
Pending home sales rose 0.5% from a month earlier in January on a seasonally-adjusted basis, according to a new report from Redfin, a technology-powered real estate brokerage. That compares with December’s revised month-over-month increase of 1.4%, which was the first gain in 14 months. Pending sales fell from a year earlier, but the decline eased
Five years after being listed for sale the 100-square mile estate belonging to the late T. Boone Pickens has sold for about $60 million less than its original asking price of $250 million. Pickens, whose estate Forbes’ estimates to be valued at $1.3 billion, died in 2019 at the age of 91. His property was
A home along a canal comes with certain advantages, particularly when that waterfront is in an upscale community such as Vero Beach, Florida. From a privacy standpoint there are no neighbors sharing a backyard border. Instead, a tranquil waterway acts as a natural buffer. Living spaces open to a swimming pool and the canal front,
Bel Air was built to be exclusive. The gated Los Angeles neighborhood known for its large lot sizes and plush landscaped yards in the foothills of the Santa Monica Mountains remained true to the vision of developer Alphonzo Bell. As the community flourished and expanded, the 1920s tracts became known as “Old” Bel Air; lower
There’s a lot that’s big about the northwestern Montana town of Bigfork, starting with its wild waterways. The 95-mile Swan River churns through the town and empties into Flathead Lake, one of the largest freshwater lakes in the West. It’s an outdoor lover’s paradise, without being too remote. The same is true of the 3,040-square-foot
Autonomous cars are no longer a sign of the future. In the Saudi Arabian capital of Riyadh plans are underway to build a massive city-within-a-city, complete with racetracks for flying cars and immersive experiences that mimic visits to other planets or worlds where people tower over regular-sized buildings. Called The Mukaab (derived from the Arabic
While politicians and pundits around the world commemorate the one year anniversary of Russia’s latest, most brutal invasion of Ukraine today, no one expected the country to still be standing even a month later when tanks and planes advanced on Kyiv in the early hours of February 24, 2022. We’ve watched the war from afar
There is no interior or furniture designer quite like Caitlin Wilson. Known for her use of color, she has put her own bold spin on traditional design like no one else has. In addition to designing homes, she also operates an online store as well as a brick-and-mortar boutique in Dallas, Texas. From sofas to
Forbes Global Properties Portland’s Pearl District has much to offer. Set in the heart of Oregon’s largest city, its warehouses and rail yards have given way over the years to restaurants, breweries and boutiques. The lively urban neighborhood is home to several art galleries and a theater. Housing is made up of a mix of
Billionaire Russell Weiner, the creator of Rockstar Energy Drink, has listed his Park City, Utah home, Monitor’s Rest, with Engel & Völkers Park City for $50 million. Situated on 5 acres, the property is the most expensive home in Utah. From a Darwin Home Wellness Intelligence Network that regulates circadian rhythm lighting, monitors and calibrates
For the past two decades Brooklyn has developed and emerged as a super borough; an alternative for institutional capital in New York City, and in some metrics, topping the undefeated borough of Manhattan. The following major factors have contributed to this trend: No longer second class. Brooklyn has become the first choice for residents, businesses
CoreLogic, a global property data and analytics-driven solutions provider, today released its monthly Loan Performance Insights Report for December 2022. For the month of December, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared
Expecting parents have often looked to celebrity nurseries for inspiration and one thing that many have in common are chairs from Oilo Studio. From recliners to classic gliders and ottomans, Oilo Studio has become a must-have brand for celebrities and ordinary parents alike. While many nursery recliners and gliders look like a slightly more modern
Topline The Biden Administration on Wednesday unveiled a plan to help low-income and first-time homebuyers save an average of $800 per year on mortgage insurance costs starting next month—an attempt to help ease affordability concerns in the housing market as higher mortgage rates and elevated prices sideline many potential homebuyers. Key Facts Under the plan
Rental platform REZI will announce later today their $100 million deal with SR Alternative Credit, a private credit affiliate of Spouting Rock Asset Management, for a new investment model the company is launching. REZI, an alum of startup accelerator Y Combinator, aims to streamline the rental process through its all-digital platform by lowering costs and
As state governments across the country debate whether structural racism exists, whether it should be compensated for with reparations, or discussed in classrooms, a group of minority real estate professionals is about to hold its next conference addressing related homeownership and career issues in the last week of Black History Month. SHIBA Explained The National
Amid a housing market plagued by high mortgage rates and low inventory, home sales are ticking up and price declines are leveling off as buyers prepare for the spring sales season. But sellers have yet to join the fray — the number of homes for sale is the second-lowest on record — meaning stiff competition
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