Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments plummeted and landlords started demanding double-digit increases. The average apartment rent in Manhattan hit $4,440 in December, while the more widely
Real Estate
CoreLogic, a global property information provider, today released its monthly Loan Performance Insights report for October 2021. For October, 3.8% of all mortgages in the United States were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3 percentage point decrease compared to October 2020, when it was 6.1%. To
Ubiquitous Energy solar energy capturing windows installed at Michigan State University. Courtesy of Ubiquitous Energy A material science start-up, Ubiquitous Energy, is raising tens of millions of dollars to turn windows into surfaces that capture solar energy. The California start-up announced on Tuesday it closed a $30 million funding round, including an investment from consumer
What better residence for a world class windsurfer than one with trails descending right to the ocean? The Hawaii estate of the legendary Robby Naish, which includes a half-mile of rocky coastline, is for sale at US $15 million. On Maui’s North Shore, the 73-acre property encompasses Kealii Point is set between Uaoa and Pilale
Higher prices are already taking a toll. As consumers pay more for everything from groceries to gasoline, household income is failing to keep pace with a higher overall cost of living, according to recent reports. Over the past two years, median income fell 3% while the cost of living rose nearly 7%, due, in part,
Last year was one for the record books for the Manhattan real estate market, and the surge in deal volume during 2021 was primarily due to pent-up demand. The fear of missing out increased the number of expected buyers when the market reopened in the summer of 2020, and fears subsequently subsided. A deeper look
A pedestrian walks by a Wells Fargo home mortgage office in San Francisco. Justin Sullivan | Getty Images If you’re in the market for a home and haven’t locked in a mortgage rate yet, that home just got more expensive. The average rate on the popular 30-year mortgage hit 3.64% Monday morning, after rising sharply
A 105,000-square-foot megamansion, known as “The One,” in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America. The property, which has been a decade in the making, would be the most expensive home ever sold in the U.S. if it gets its asking price
Swiss design is finding a hand-in-glove fit on the snow-strewn slopes of Breckenridge, Colorado. Set on the last available site in a ski-in/ski-out luxury subdivision in the Peak 8 area, a precision-built home currently under construction provides a modern take on traditional alpine mayen, the chalet-style mountain cabins that date back almost 300 years. Plus,
If you have a question like this one, send it in. I’ll tackle case studies that have educational value. “I am anxious to pay off my mortgage since, with the current standard deduction, there is no advantage in claiming mortgage interest. “My wife and I are retired. I am 72, with a pension along with Social Security, and have $850,000
Fans for the Tennessee Titans and the Los Angeles Rams before an NFL football game at SoFi Stadium, Sunday, Nov. 7, 2021, in Inglewood, Calif. Marcio Jose Sanchez | AP The Buffalo Bills are seeking a new $1.3 billion National Football League stadium. The Chicago Bears are spending $197 million to acquire land that could
Jon Landau, the producer of Titanic and Avatar, has put his property in Islamorada, Florida on the market for $13.9 million. The waterfront property is currently the most expensive listing in the village of six islands just 90 minutes south of Miami. The stunning property encompasses almost four oceanfront acres. At the entrance, an exceptional
The Covid pandemic caused a surge in housing costs and a rise in unemployment, leaving nearly 600,000 Americans unhoused in 2020. “What people don’t typically realize when they walk past a person who’s homeless is that this person is costing taxpayers a lot of money,” said Sam Tsemberis, chief executive officer at Pathways Housing First
Celebrities, with their substantial paychecks and varying work schedules, are sometimes known to move from one lavish home to another in a short period of time. But for famed comedian David Spade, his recently listed Beverly Hills home where he lived for two decades was just too good to leave. “David really loves this house.
Home prices and rents are soaring, but home prices are rising faster. And that’s shrinking the affordability gap between owning a home and renting one. Median-priced, single-family homes are less affordable than they have been historically in just over three quarters of the nation. That’s up from 39% at the end of 2020, and it’s
We may think the California Ranch evolved organically, descended from Spanish Rancheros married to modernist design. While those are the California Ranch’s ancestors, a California native, Clifford May, invented the style. The San Diego-born May had very little training as an architect, and, after he created the pitched-roof, low-slung California Ranch house in 1932, never
FG Trade | E+ | Getty Images Even as the coronavirus continues to upend American life, most pandemic-era relief measures have dried up by now. The recent shelving of the Build Back Better Act, the massive spending bill with a number of provisions to lift up middle-class families, means the chances for new relief is
As 2022 begins, the real estate market is still going strong. Many of us have moved into a new home or are planning to sell our current one. So, there isn’t a better time than now to consider what features and renovations can maximize property value both in the long and short term. I spoke
A “Sold” sign is displayed outside a home under construction at a Lennar Corp. development in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images As the broader markets rallied to start the new year Monday, the homebuilding sector sold off. The iShares US Home Construction ETF lost 2.69% on Monday, its worst day since
The 2021 real estate market took New York by surprise. Once again, those pundits who predicted the demise of the city turned out to be wrong, as 2021 developed into one of the most robust sales and rental years within memory. Manhattan proved especially resilient in the luxury new development market, where sales topped all
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