Real Estate

The typical home buyer’s monthly mortgage payment rose 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin, a technology-powered real estate brokerage. Redfin’s data on home buyer mortgage payments is based on asking-price data going back to
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An interesting thing happened to homes with swimming pools over the initial year of the pandemic. Prior to Covid-19’s onset, houses featuring in-ground pools sold for an estimated $16,137 more than those lacking the coveted feature. A year later, following the move outdoors during the pandemic’s darkest months, houses with in-ground pools commanded $27,199 more
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Continuing a recent trend for high-end properties in Dubai, a luxury residence in Jumeirah Bay Island has closed for a record-breaking number, this time for highest recorded residential price per square foot. Located in the renowned Bulgari Resort and Residences development, the three-bedroom unit sold for AED 40 million (roughly US $10.9 million), according to
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The last five years have seen unprecedented growth within the life science sector. Tech advancements, new products and capital infusions from both public and private sectors have all helped fuel the record-breaking expansion. According to Cushman & Wakefield’s Q1 2022 Life Sciences Sector North America Update, sector growth has directly driven burgeoning demand for laboratory
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Topline The housing market has taken off this year as home prices continue to surge amid high inflation and ongoing supply chain issues, but some experts say prices could soon level out as mortgage rates rise and demand drops. Key Facts With the Federal Reserve gearing up to reduce its portfolio of roughly $5 trillion
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When Grammy Award-winning singer-songwriter Alicia Keys and her husband, record producer Kasseem Dean (a.k.a. Swizz Beatz), purchased their ultra-luxury home, The Razor House, designed by three-time Architectural Digest Top 100 designer and visionary architect Wallace Cunningham, they called it one of his best works. Today, another one of Cunningham’s exclusive signature properties is hitting the
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Billionaire filmmaker and art collector Katharina Otto-Bernstein has expanded her multimillion-dollar property portfolio, buying a Midcentury Modern-style trophy home in Beverly Hills. Katharina Otto-Bernstein, right, is the daughter of late Werner Otto, who turned a mail-order … [+] business in Hamburg into a global e-commerce empire Patrick McMullan via Getty Images A real estate entity
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Contrary to various public misconceptions, Mar-a-Lago—the exclusive Atlantic oceanfront resort that frequently served as former President Donald Trump’s “Winter White House”—didn’t make Palm Beach, Florida’s lavish real estate and lifestyle famous for the first time around. The Sunshine State’s “Playground For The Wealthy” long has been uber-posh, dating back to the late 1880s when oil
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Happy 52nd Earth Day! It’s not likely that you’re baking cookies, hanging decorations or sending out holiday cards to mark the modern environmental movement’s annual celebration, but if you are, these efforts would likely be influenced by sustainability-focused regulations, including Energy Star appliances and lighting. Gas Bans If you move to a newly-built or remodeled
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Christine Quinn might be best known as a cast member on Netflix’s hit show Selling Sunset, but the L.A.-based real estate maven’s latest role goes beyond traditional real estate. Quinn and her husband, Christian Dumontet, a software engineer, tech entrepreneur and investor, who sold his company Foodler to Grubhub in 2017 for $65 million (bootstrapped
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