Alexandra Lashner of Bensalem, Pennsylvania, became frustrated after attempting to buy a house this year and decided to postpone homeownership. Source: Alexandra Lashner Alexandra Lashner and her husband were excited to buy their first home earlier this year. They saved up enough for a 20% down payment and had no debt. Yet they still couldn’t
Real Estate
Dubai is a city known across the globe for its ambitious and epic structures—from Burj Khalifa, the tallest building in the world, to Palm Jumeirah, a manmade archipelago fitted with hotels, resorts and residences. Breaking records and achieving firsts has not stopped the city from expanding, as new developments continue to pop up every year.
Even in the current low interest rate environment, mortgage payments are becoming increasingly unaffordable for the median American family, according to a report from the Federal Reserve Bank of Atlanta. A median-income household would need to spend 32.6% of its yearly income on a median-priced home, the Atlanta Fed reported. And the median existing home
In recent years, social media has transformed into an incredibly powerful tool for every industry, including real estate. Social connections and channels have made the industry more accessible than ever before, creating a way for real estate professionals to reach wider audiences with ease. Every real estate professional should be utilizing social media in their
A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday. Ratings agencies have downgraded Chinese developers Fantasia
Bidding farewell to Los Angeles, Matt Damon listed his Zen-inspired Pacific Palisades mansion for sale in January for $21 million. With no takers, the actor recently cut the price to $17.9 million, and it sold in a couple of weeks. Situated on the same premier street that his friend, Ben Affleck, still calls home, Damon’s
In this article 3333-HK 6666-HK 754-HK A man drives a cart past apartment buildings at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images Indebted developer Evergrande is set to sell part of its stake in
When Dubai’s Palm Jumeirah was first announced, many were skeptical that a project of such size and scale could be completed—engineering a sprawling, artificial archipelago in the shape of a palm tree seemed impossible. Two decades later and this Dubai icon continues to be the gold standard for waterfront developments everywhere. “The sheer amount of
Living amongst natural beauty is no longer just for ascetics in cabins—luxury housing options are popping in nature-adjacent towns all over the country from Northern California to western Colorado to South Carolina. The increase comes as more Americans seek alternatives to the fast-paced lifestyles of big cities and long for the tranquility of smaller cities
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the previous week, according
With a white-hot real estate market and so many people moving, you’re bound to need a housewarming gift or two these days. But why go for generic flowers or yet another bottle of wine when you can choose something that’s truly meaningful? Whether you need to buy a luxury housewarming present, an eco-friendly gift, or
A for sale sign shows the home as being “under contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Signed contracts to buy existing homes increased 8.1% month to month in August, according to the National Association of Realtors, as buyers encountered higher inventory and slightly more favorable prices. Analysts
Grapes on the vine outside the back door. Fewer trips to the wine store. Your own private label. This contemporary hacienda is within La Melonera winery in the province of Malaga, Spain. Set in meadowland near Rondo, the 200-hectare (nearly 500-acre) Wine and Country Club development contains 30 estate homes. Each has their own vineyard
It’s the year of the penthouse in Manhattan, with the upper-crust shelling out record prices for the highest floors of the city’s luxury towers. More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007, according to the Corcoran Group. Penthouse 90 at 35 Hudson
A recent New York case underscored just how easily an exchange of email messages can create a binding contract. Though the dispute involved a litigation settlement evidenced in an exchange of emails, the same principles would apply in real estate contracts or any other area of commerce that involves written agreements. New York’s procedural rules
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb announced Thursday that it is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000. Last month, the charitable arm of the
Traditionally, Northern Manhattan and the Bronx have been led by the multifamily asset class. The market for development site sales also primarily focuses on this asset class, with affordable and rent-stabilized housing leading the market. While the Bronx has lately seen a huge resurgence of interest in industrial properties and Northern Manhattan has a growing
A home flipper surveys a property in Phoenix, Arizona. Joshua Lott | Bloomberg | Getty Images Home flipping has never been easy, no matter how much fun TV shows like “Flip or Flop” make it out to be. It’s been even harder lately, due to low supply, high prices and a run on housing triggered
Bungalow 5 is one of the top furniture brands that isn’t on the tip of everyone’s tongue. That’s because it is one of the few that has chosen not to sell directly to consumers. Still, Bungalow 5 has been incredibly successful, celebrating twenty years of business in 2021. While this is a different approach to
In this article JSWSTEEL-IN JINDALSTEL-IN SAIL-IN TATASTEEL-IN Indian metal companies are unlikely to be seriously affected by the crisis unfolding at Chinese property developer Evergrande, according to financial services firm Motilal Oswal. China plays an important role in determining global commodity prices, including that of metals. The country’s real estate sector is a major consumer
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