Real Estate

More and more, home sellers are giving in to the mounting pressure on affordability posed by June’s rapid mortgage rate hike, according to a new report from Redfin, a technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it reached in the spring, and

A sprawling waterfront property in Naples, Florida has sold for $62 million, putting it in the record books as the most expensive home in the history of the city’s real estate transactions. Situated on 1.5 acres, the beachfront estate offers front-row seats to the Gulf of Mexico. Paul Arpin, of Premier Sotheby’s International Realty’s Broad

When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how one of Melbourne’s top producing teams sold a storied mansion in one of the area’s most sought-after suburbs. The 3,370-square-meter mansion was listed in late April by Michael Kantor, nephew to media

Thanks in part largely to the increase in mortgage rates due to the rate hikes announced by the Federal Reserve, the once very hot housing market in the United States has been experiencing a serious cooling off in recent months. There are many different signs of this cooling, but one of the more interesting factors

Descending from the triple-height ceiling of the lobby of the new Garza Blanca Resort and Spa in Cancun, Mexico, are 1600 light fixtures. Against the distant gold ceiling, they appear to be floating, an ethereal element in a vast, dramatic space. “The wow factor is a very important part of our design,” says Carlos Alberto

Facing record-high year-over-year rates of inflation, the Fed has been trying to combat it with a series of rate hikes that many Americans haven’t seen in decades. Rising mortgage rates have certainly had an impact on housing markets in the United States, with the number of home sales nationally declining by 7.4%, from 636,507 home

As of July 1, 2022, residential tenant safety in Florida will be bolstered by a new law requiring background checks for prospective employees. Senate Bill 898, cited as “Miya’s Law,” was signed into law by Gov. Ron DeSantis in response to the death of Miya Marcano, a student killed in her Orlando apartment by a

With the Fed aggressively trying to manage record-high year-on-year inflation rates with a series of interest rate hikes, rising mortgage rates are impacting home affordability for many American homebuyers. Housing market activity arguably got way overheated amid the pandemic, especially in 2021, and should experience a natural slowdown. Many housing markets are showing signs of

Whether you watched Shay Holland show off her design chops on HGTV’s Unfinished Business or you haven’t heard of her yet— she is a force to be reckoned with. While she might be petite in stature, the interior designer has a big personality and lots of talent. Smart and scrappy, unlike some HGTV stars, she

Manhattan’s real estate market typically slows to a crawl during the summer months. The number of participants usually shrinks dramatically as many buyers and sellers celebrate Summer Fridays by trading floor plans for flip-flops and square-footage discussions for sandy toes. Then came 2021. A surge in deal activity, which began in late 2020, continued through

Rising mortgage rates due to the rate hikes implemented by the Federal Reserve have put the squeeze on home affordability for many American homebuyers, not to mention raising fears of an impending recession. The housing market in the United States really took off in the pandemic’s second year (2021), with high demand and homes flying

The U.S. is in the midst of a housing supply crisis, with rents skyrocketing and the number of first-time homebuyers who can qualify for a mortgage on even a starter home shrinking. Who is to blame for this mess? The Democrats who run the US House Financial Services Committee have identified a convenient villain: corporate

A mid-century modern home designed by famed architect Richard Neutra is on the market for $2.05 million. Originally designed as one of 17 platform homes in the early 1960s, the residence in Sherman Oaks, California was completed by mid-century architect William S. Beckett in 1965. Of all the iconic homes, 3707 Oakfield Drive marks the

Whether manifesting as floods, droughts, wildfires, tornadoes, hurricanes, derechos or temperature extremes, effects of climate change are likely to exert steadily greater impact on American cities in the years ahead. The certain negative consequences to the built environment have spurred proactive real estate developers to embrace climate-resistant design principles. Aim: To future-proof their properties against

A waterfront penthouse with a resort-like amenity has landed on the market for $16.35 million, making it the highest-priced condo listing in Sarasota, Florida, according to listing agent Moriah Taliaferro of Premier Sotheby’s International Realty’s downtown Sarasota office. A large outdoor area with a putting green is among the unique features and contemporary finishes that

The sad thing about vacations is that no matter how much fun you’re having, they have to end. Just consider that demand for vacation homes has fallen below the pre-pandemic baseline for the first time in two years. High home prices and mortgage rates, along with economic uncertainty and an increase in second-home loan fees,

A sprawling mansion in Orlando, Florida with Disney-themed amenities and decor has come on the market for just under $15 million. The property is in the guard-gated Carolwood neighborhood of Golden Oak at Walt Disney World Resort, a few minutes away from the front gate of the Magic Kingdom. The Mediterranean-style estate at 10151 Enchanted

The Santa Ynez Valley is the heart of Santa Barbara County wine country on California’s Central Coast. Popular with tourists as well as vintners, the valley has more than 150 wineries, 250 boutiques and more than 60 restaurants, according to the Solvang Conference and Visitors Bureau. About a two-hour drive from Los Angeles and four

While he was President, Gerald Ford was often mocked for alleged physical ineptitude. He acquired a reputation as a clumsy, likable and simple-minded everyman; an incident in 1975, when he tripped while exiting Air Force One in Austria, was famously and repeatedly parodied by Chevy Chase on Saturday Night Live, cementing Ford’s image as a

Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate