A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even as home prices grew for the 133rd straight month in February, the 4.4% increase still was nothing to
Real Estate
Unexpectedly strong home sales at the start of this year just reversed a sharp, several-month decline in home prices. Mortgage rates are behind the swing. Home prices nationally rose 0.16% in February, when seasonally adjusted, according to Black Knight. That is the strongest one-month gain since May of last year. Home prices are now 2.6%
What’s trending in porcelain and ceramic tile? And why should builders, designers, architects, homeowners and even real estate professionals care? Tile is a versatile, multi-surface, time-tested material that can enhance the sustainability, wellness potential and resilience of the homes it clads. “All of the above are important considerations when selecting tile,” emailed Jennifer Richinelli, editorial
A real estate project under construction in Shanghai’s newer Pudong district on Feb. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China. The share of respondents planning to buy
Grand Cayman is a resort mecca with white sand beaches, scuba diving, snorkeling and deep-sea fishing. The largest of the Cayman Islands, it boasts fine dining, a stress-free environment and picture-perfect weather. A draw for real estate investors and expats: The entire British Overseas Territory is a tax haven with no property, income, capital gains
Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and they expect another strong showing in 2023. Experts believe much of this new stock is built with upper-tier customers in mind. “You often see new housing branded as
Low inventory and rising interest rates will likely be a factor in the spring real estate market in North Central New Jersey. The recently released February 2023 market report from Turpin Realtors, which covers Essex, Hunterdon, Morris, Somerset and Union counties, is a predictor of the upcoming prime season. “February typically is when we begin
Simpleimages | Moment | Getty Images It can be hard to separate financial fact from fiction. CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Here are 9 of the top fallacies the financial gurus debunked. Myth #1: Giving up a daily coffee
In recent years, nothing has had a greater impact on office design trends than the pandemic. From turning just about any room of the home into an office to the evolution of the hybrid work model—offices have truly evolved to reflect personal style and work habits as they never have before. This is especially true
Single men have long been more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a recent survey shows that it widened again last year, shining light on the home buying challenges single women face, including lower salaries and a more volatile workforce
It’s not just our population that’s aging. Our homes are too. According to Harvard’s Joint Center for Housing Studies’ Improving America’s Housing 2023 report, our houses are older today than at any time ever recorded. Despite a $567 billion remodeling boom last year, JCHS asserts that greater investment is still needed to improve energy efficiency,
Share to Facebook Share to Twitter Share to Linkedin In this week’s CxO newsletter, we look at the UN Water Conference, how beverage companies dealt with Monterrey’s historic drought and more. To get this to your inbox, sign up here. Several years ago, I stood near a trailer park in downtown Las Vegas, listening to
A home theater from a renowned designer, a wine cellar and tasting room that feel plucked from Tuscany and a solarium with a fireplace that sits in a lion’s mouth are just a few of the glamorous features of a palatial estate in Saddle River, New Jersey. The home on Fox Hedge Road is nearly
Every modern commercial real estate transaction, or other business transaction, takes place largely through email. If it’s a major or complicated transaction, it will involve dozens of email recipients and senders – business people, lawyers, brokers, title companies, other service providers, and so on. Each email will beget a stream of additional emails as each
Commercial leases often require tenants to deliver letters of credit instead of cash security deposits. This practice reflects the belief that an L/C gives the owner better security than a cash deposit if the tenant goes bankrupt. Until very recently, many of those L/Cs came from Signature Bank or—especially for start-up or high-tech companies—Silicon Valley
For multiple reasons, senior living has long been associated with leafy suburban settings. Locations close to seniors’ suburban homes, on land affordable enough for the development numbers to easily pencil out, just made sense. So did catering to folks who at younger ages had fled city life and never intended to look back. But as
With continual interest rate hikes made by the Federal Reserve beginning in 2022, housing markets across the United States have been experiencing significant disruptions in activity. And this disruption is particularly noticeable in the levels of available housing inventory. Over the course of one year, from 2022 to 2023, countless American housing markets have seen
Although the Federal Reserve voted to raise rates another .25% at its second meeting of the year, there was a silver lining in the announcement. In his opening statement, Fed Chair Jerome Powell indicated significant rate hikes may not be needed going forward, which will bring much needed relief and stability to the commercial real
When lawyers work on commercial real estate or other transactions, they typically charge for their time by the hour. If the transaction doesn’t close, the bill is the same as if it did close. Clients who face those bills don’t like them. These bills cause maximum pain if the transaction nearly closed and the lawyer
Dima_sidelnikov | Istock | Getty Images Recent headlines underscore the fragility of the stock market and, along with it, the ability for many investors to make reasonable decisions about their retirement readiness. Many who recall the violent reaction their portfolios had in the Dot Com Bubble and the Financial Crisis would prefer to avoid the
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