Real Estate

A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren’t using their homes like an ATM. “That caused so many people to go upside

The Biden Administration just announced its Housing Supply Action Plan with 19 immediate steps. Their top priority is to reform local zoning. On the upside, the Plan focuses on new funding for new construction instead of new funding for buying existing houses which just increases house prices and makes housing less affordable. On the downside,

Albi, set on the Tarn River in the south of France, has many claims to fame. The Episcopal city boasts the Cathedral Basilica of Saint Cecilia with its fortress-like brick exterior and lavish interiors. The consistent French Gothic architecture earned the cathedral, built over 200 years from the 13th and 15th centuries, a UNESCO World

Laguna Niguel, California May 11, 2022- Firefighters battle a brush fire at Coronado Pointe in Laguna Niguel Wednesday.  Wally Skalij | Los Angeles Times | Getty Images Raging New Mexico and California wildfires may offer an ominous outlook for a growing swath of America, and not just in the West. Wildfire risk is increasing, likely

President Donald Trump looks on during a campaign rally in Battle Creek, Michigan. Leah Millis | Reuters A New York judge said Wednesday that he would lift a contempt of court finding against former President Donald Trump by next week if Trump’s legal team provides more information about a search for documents sought by the

Gone are the days of the humble log cabin, or so you’d think walking through this more than 11,000-square-foot getaway perched on the slopes of Arrowhead Mountain. Newly listed at $17.495 million, the seven-bedroom, eight-bathroom home features luxury amenities not often found in your average log cabin-style design, including a wine room, movie theater and

Marc & Tiffany Angeles An over-the-top modern mansion in Bel Air was listed for $87.8 million for an auction this week. But the highest bid came in just under $45.8 million, according to the home’s seller, dermatologist-turned-developer Alex Khadavi. “Horrible, Horrible, Horrible!” was how Khadavi characterized the auction results to CNBC. He filed for Chapter

So, you found the perfect home (nice!) and you put in an offer (very nice!) and your offer was accepted (SUPER nice!)… now it’s time to have your new purchase inspected. Buyers pay for inspections in order to do their due diligence and ensure that the home is in good shape before completing the purchase.

In this article CWK The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters Commercial real-estate services giant Cushman & Wakefield on Wednesday appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office

Atop a landmarked Beaux-Arts building dating to the turn of the 20th century in Manhattan’s Carnegie Hill, a pavilion rises above the roof, its clean lines and vast windows unabashedly announcing this as a brand new luxury penthouse. The Wales Hotel was built in 1899 and operated as a hotel until recently, when it was

Topline The Trump Organization finalized a $375 million deal Wednesday to sell its lease of the Trump International Hotel in Washington, D.C., according to multiple reports, after the building served as a destination for both Trump supporters and anti-Trump protesters—and netted the former president millions of dollars in revenue from visiting officials, Democrats claim. Key

Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy.

Brazey-en-Plaine is a village in eastern France’s Côte-d’Or department in the Bourgone-Franche-Comte region. Côte-d’Or takes its name from the escarpment that is the site of the famed Burgundy vineyards; hence, it is called as the “golden slope.” Besides a reputation as a wine-growing region, the area is known for its grains and potatoes, sheep and

Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London. Leon Neal | Getty Images Sadiq Khan, the mayor of London, traveled to California as part of a trade mission to try to convince Silicon Valley tech leaders to invest more money in the U.K. capital. On Tuesday, Khan

The luxury real estate market in Hong Kong is exhibiting signs of recovery following weeks of stagnation as a result of another wave of the COVID-19 pandemic. During the first quarter of 2022, Hong Kong was fighting its fifth wave of the pandemic. As restrictions ease, real estate agents are optimistic that the high-end market

The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Rancho Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hit the market on May 14, and in doing so become the most expensive home ever up for sale in the town of

George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its mortgage market is “heavily

Whether used as a private residence or a property with income-generating potential, this 15th century chateau in the department of Lot, in southwestern France, has much to offer. Set near the small village of Strenquels, the stone chateau is deep in the heart of a picturesque region with rocky cliffs, meandering rivers and green hillsides.

Adaptation from an evolutionary perspective is by nature a glacially unhurried process. It pans out even slower and more painfully when it comes to fundamental changes to the rules by which the real estate industry plays—many of which remain so outdated that they are analogously as irrelevant and inefficient as phones still attached to the

It is not exactly surprising, given the stunning jumps in both home prices and mortgage rates, but Americans have never been more bearish on buying a house. Just 30% of adults surveyed by Gallup said now is a good time to buy a home, down 23 percentage points from a year ago. That is the