Daniel Acker | Bloomberg | Getty Images Mortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but on Friday everything changed with the news of the Covid omicron variant. Last week the average rate on the 30-year mortgage with conforming loan balance ($548,250 or less) increased to
Real Estate
Did you find yourself waiting on long lines last week for Black Friday sales – or did you opt for Cyber Monday deals instead? Maybe you shopped both, hoping to find the best values for your gift lists. Or maybe you’re the kind of shopper who prefers a less harried environment and are content to
In this article AMZN CBRE PLD JLL FDX UPS XPO For every Cyber Monday purchase, there is a warehouse employee packing up those soon-to-be presents. The big online shopping holiday comes amid a warehouse shortage across the United States as distribution center vacancy rates are at all-time lows. Nearly 96% of existing industrial space is
A rich provenance, a sophisticated restoration, a landmark garden – all these attributes come together at a Traditional estate being offered at $45 million in Bel-Air. Built in 1938, the house was originally called the Shepherd Residence for its first owners, industrialist Willard E. Shepherd and is wife, Helen Lawson Shepherd. The elegant two-story was
Zephyr18 | iStock | Getty Images During the pandemic, rents across the country dropped – but they’re quickly bouncing back. That means many tenants, especially those who nabbed a place at a discounted rate in the last year or two, will be in store for an unpleasant surprise come lease renewal time. “Unfortunately, many renters
The holiday season is officially here. After what may likely be a long time away from friends and family, the stakes feel even higher for gift giving this year. Here are the best gifts for the home, $100 and under. While accessibly priced, these gifts are incredibly thoughtful, unique, and some even handmade. Most importantly,
Aerial view of 3030 Meadow Lane in Weston Florida at twilight. Daniel Petroni This 12,323-square-foot mansion recently hit the market with a $14 million price tag, making it the most expensive listing the city of Weston, Florida, has ever seen. The 27-square-mile city is about 31 miles northwest of Miami in the western-most part of
Javea, Spain, is a picturesque resort destination known for its wide sand beaches and rocky coves. The coastal town in the province of Alicante hugs the Mediterranean Sea. Buildings in its historic core blend locally sourced golden sandstone with whitewashed walls. Rising above the water are headlands and hillsides dotted with newer developments of ocean-view
Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the
Where buyers go shopping for a home shifted during the onset of the coronavirus pandemic given the rise of remote work as well as affordability concerns. For many Americans, the change could have lasting implications. As employers firm up future work plans to include flexibility and give many Americans confidence in buying a home farther from
Listings of apartments for sale displayed at a real estate office in Shanghai, China, on Monday, Aug. 30, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into
Home prices hit an all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin, a technology-powered real estate brokerage. This was up 14% year over year, the largest increase since early September. Prices have risen in the past month nearly four times faster than they did at the
Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed
Sydney’s most iconic landmarks are visible from this corner penthouse in wharf-side Bennelong Apartments, a multi-use residential high-rise complex. To the west, the 270-degree vistas take in the pedestrian friendly Circular Quay port area and sunsets over the arched Sydney Harbour Bridge. The Opera House and the Royal Botanic Garden can be viewed to the
A real estate sign advertising a home “Under Contract” is pictured in Vienna, Virginia, outside of Washington. Larry Downing | Reuters An unusual surge in home buying, just as the market enters the historically slow holiday season, is driving mortgage demand higher. Total mortgage application volume rose 1.8% last week compared with the previous week,
Wellness design and federal legislation rarely intersect, but the just-signed bipartisan infrastructure deal – officially named Infrastructure Investment and Jobs Act – has several components that will benefit Americans’ well-being where they live. While most of the funds will go toward public infrastructure, such as airports, bridges, roads, tunnels and ports, providing residential access to
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Sales of previously owned homes in October rose 0.8% to a seasonally adjusted annualized rate of 6.34 million units, according
An owner live-work space, a family compound, a mixed-use investment property … the options are abundant at this four-unit contemporary near San Diego’s Balboa Park. Called Modern on Fifth, the owner-build project was constructed in 2017 and designed by Safdie Rabines Architects, which specializes in socially responsible architecture and urban planning. The three-story building has
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank removed several phrases on policy restraint in a quarterly report, a move economists said may be a sign that stimulus is on its way. The
While many methodologies are used to close a sale, there is perhaps no more valuable tool than personal experience—-it’s much easier to speak to a product’s strengths if one has an intimate knowledge of it. That’s why car salespeople are encouraged to take what’s on the lot out for a test drive or why sommeliers
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