A home is offered for sale by owner on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely to continue surging. The average rate on the popular 30-year fixed mortgage had
Real Estate
The role of the built environment in addressing climate change is clear as buildings account for almost 40% of global carbon emissions according to the World Green Building Council. There has never been a greater commitment to reducing carbon emissions, with over 4,400 corporations and 220 investors signing up for the United Nation’s Race to
Global wealth boomed during the pandemic, as did the number of wealthy. A new study shows that the number of individuals worth over $30 million jumped by nearly 10% last year, driving one of the largest demands for prime real estate ever witnessed. Knight Frank’s Prime International Residential Index (PIRI), which tracks the value of
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equity people have in their abodes. For many Americans, that means they can borrow more against what is often their biggest asset. However,
Human beings are instinctively drawn to nature. They can be mesmerized watching the soft sway of tall grasses or a butterfly’s flight. There’s something about a linkage with nature that enlivens almost any circumstance involving people. That includes long-awaited returns to offices after pandemic-plagued years of remote work. So who could blame office building owners
Cannabis leaves sit on plants growing in a greenhouse in the GW Pharmaceuticals Plc facility in Sittingboune, U.K. on Monday, Oct. 29, 2018. Jason Alden | Bloomberg | Getty Images A vast marijuana farm could soon be built on a small island between the U.K. and Ireland. Peel Group, a real estate firm led by
Sometimes, finding the perfect listing is just the start of the process; It can take an entire team of experts to turn a house into a home. The vast majority of homeowners need some type of repairs, renovations, furnishing, or design help. If you’re a real estate agent, there’s a good chance your clients are
monkeybusinessimages | iStock | Getty Images Looking for a new home may seem like a daunting task these days. Prices are up, inventory is low and mortgage rates are rising. That’s why, in this environment, it pays to do your homework before you enter the market. Once you start looking, you’ll have to move at
Iryna Imago | Istock | Getty Images Ah, the joys of homeownership … until something breaks and there’s no landlord to call. If you just moved into your new home or are in the market for a house, be aware that 77% of homeowners have dealt with an unexpected issue that required shelling out money
With a landscape of sun-soaked coastal dunes, saltwater marshes and mesic forests—as well as a warm, wet climate—the eastern Florida seaside town of Merritt Island can often resemble a tropical island. “The first time I drove down the South Tropical Trail I could have sworn I had been transported to the Caribbean,” says Grace Vista,
A “for sale” sign in front of a home that Zillow shows has a pending sale of 750,000 dollars on February 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. Total mortgage applications decreased 13.1% last week to the lowest level since December
Wallpaper has made a major comeback in recent years. It’s easy to understand why. Wallpaper is a touch that can truly transform a room. One of the most interesting brands to make a debut in this space is Housewife Essentials. Founded by serial entrepreneur and author, Molly Borman, the brand recently launched a line of super
Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgraded Chinese property developer Shimao Group Holdings on Wednesday based on expectations that the company will find it harder to repay investors on time. The move
After almost two years of increasing demand, housing starts are poised to decline in coming months. This is among factoids divulged in newly released housing industry data, including LegalShield Economic Stress Index and Magnetic Collective/Century 21 findings regarding the pandemic’s effects on the real estate market. The dichotomy of elevated demand and moribund sales is
Rendering of Panther National Clubhouse Courtesy: Panther National A golf legend and a one of the PGA’s hottest young stars are teaming up to create a luxury golf community in Palm Beach County, Florida. Hall of fame golfer Jack Nicklaus, 82, and 28-year old PGA Tour star Justin Thomas broke ground Tuesday at Panther National
Entrepreneurs and creators inspire us in so many ways. While their homes are often a byproduct of their success, how they choose to decorate and design these spaces is often a reflection of who they really are. Here are the unique ways that fourteen different creators and entrepreneurs in a variety of fields from fashion
For the ultimate in privacy, security and seclusion paired with luxury and great design, there are few better examples for sale than the estate on the bluffs of the world-renowned Paradise Cove Beach in Malibu, California. Encompassing just over six and one-half acres, the property includes 339′ of beach frontage. To access the beach from
Getty Images If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago, according to ATTOM, a nationwide property database. While many
The nation’s museums are facing increased flooding and more frequent wildfires, and all that history inside is at risk. The value at stake is incalculable. Now the rush is on to make the structures more resilient, but funding that will be a feat. The problem is particularly acute at the nation’s Smithsonian museums. At the
You won’t need your car keys here. This private island sanctuary in the Bahamas is only accessible by boat, seaplane or helicopter. Montage Cay, a resort community on Abaco Island, will offer 50 suite accommodations, seven white sand beaches, a full-service spa and swimming pools when it opens next year. The deep-water marina has 46