A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage
Real Estate
The sharp increase in mortgage rates to their highest level in 15 years is not only cutting into home buyer budgets across the country, but also trimming at least 100 square feet out of the homes in would-be buyers’ price range in 29 of the 50 metros analyzed by Redfin. The technology-powered real estate brokerage
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall too steeply. The sharp rise in mortgage rates over the past several months has made housing more expensive for anyone needing
There is nothing quite like reminiscing about that favorite luxury resort to transport you to another world full of fond memories and over-the-top experiences. What if you could have those same amenities all from the comfort of your own home? These five properties, while singular, all share one common attribute: each evokes the feel of
Hurricane Ian is shaping up to be the costliest Florida hurricane since Andrew in 1992. Wind and storm surge damage in the state are estimated between $28 billion and $47 billion dollars, according to a Sept. 29 estimate from CoreLogic. With that level of destruction, property owners are advised to make any claims to insurance
In certain movies, the background becomes a character. More than a backdrop, the environment in which the central characters live, work or interact with each other makes the place where the story happens as important a part of the story as the plot. An example is the 1998 film The Truman Show, in which Jim
Beneath all the clamor over Russia’s invasion of Ukraine and the efforts to tamp down inflation, investors are largely passing over a huge story in China, famed short-seller Jim Chanos said Wednesday. Troubles in the Chinese real estate market are a distant third to the war and rate hikes targeted at containing inflation. But Chanos,
Spring boarding off the success of the first Mr.C-branded residences built next to the family’s flagship hotel in Beverly Hills, California, moguls Ignazio and Maggio Cipriani have expanded their sights (and their sites) to include such locales as Manhattan, Punta del Este, Uruguay and Miami. Up next: Dubai in the United Arab Emirates. The 27
Newly built houses in the Denham Court suburb of Sydney, Australia. Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia. Bloomberg | Bloomberg | Getty Images SYDNEY — In a country where real estate ownership dominates barbecue conversations and dinner parties, Australian Lili Zhang is like
Creating timeless decor is an art and there’s no doubt that Pepper has mastered it. Launched in 2018, the brand has become a go-to for traditional and contemporary design enthusiasts. Best known for its cheerfully bold yet tasteful prints, Pepper offers a curated and customizable selection of home accessories including pillows, curtains, throws, table linens,
Street in Chelsea district, London Alexander Spatari | Moment | Getty Images American homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts. The fall in the British currency over the past year, down 17.5% against the U.S. dollar so far in 2022, has made U.K. real estate
Return to office is still a work in progress—complicated by the threat of an economic slowdown and the resulting shift in the employer/employee power balance—yet only 16% of employees today are working exclusively from home, according to recent JLL research. The fastest-growing workplace isn’t home or the office, but some third place—a coffee shop, hotel
A man walks through the debris on a street in the aftermath of Hurricane Ian in Punta Gorda, Florida. Ricardo Arduengo | Afp | Getty Images If you’re far from the destruction caused by Hurricane Ian in Florida, you may be thanking your lucky stars that your house wasn’t in the storm’s path. Nevertheless, you
A decade ago, purists winced when the first references to “NoMad” — denoting the area north and west of Madison Square Park — were first widely circulated. Just what we need, some moaned, a cutesy shorthand buzzword for a made-up Manhattan enclave that had never really been considered a neighborhood before. But in the ensuing
According to Homebuyer.com, Iowa is the cheapest state to buy a house in right now. The Good Brigade | Digitalvision | Getty Images With mortgage rates rising, more people may be asking themselves the age old question: rent or buy? These decisions are particularly pertinent amid bubble-like housing prices, making monthly mortgage payments more difficult
Topline New home sales unexpectedly surged much more than economists projected in August even though same-day data showed prices collapsing due to a dearth in demand—fueling volatility that some experts argue could signal the housing market slowdown could hike up the odds of a recession. Key Facts About 685,000 new single-family houses were sold last
A ‘for sale’ sign is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a report released Tuesday. Home prices in July were still
The pandemic ignited a home-buying frenzy as many people pursued buying a home in less expensive areas. But a quickly rebalancing housing market – brought about by sharp increases in mortgage rates that have pushed monthly payments beyond what many can afford – has caused home buyers and sellers to reset their expectations and shift
Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the
Steeply graded home lots seem to suit architect Robert Harvey Oshatz. To build on such parcels, homes are designed to cantilever over slopes, offering exceptional views. The residences seem to soar and can appear untethered, existing in the air. It’s an Oshatz signature refined during 50-plus years of work: architecture that looks to have been
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