A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Rafael, California. Justin Sullivan | Getty Images Mortgage rates moved even higher last week, crashing refinance demand and prompting potential homebuyers to apply for riskier loan products which offer lower rates. Total mortgage application volume fell
Real Estate
This oceanfront mansion in Highland Beach, FL sold for $40 million breaking a local record for the town. Robert Stevens The supply of luxury homes and condos in South Florida isn’t merely tight. It’s worse than that. “This isn’t just a decline in inventory,” said Jonathan Miller, CEO of Miller Samuel, an appraisal and consulting
Stifled by strict Covid restrictions in Hong Kong, residents from the financial hub are continuing to move to its rival, Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE — After eight years in Hong Kong, Jonathan Benarr is giving up that city for a new set of attractions — in Singapore. “Hong Kong was
Kali9 | E+ | Getty Images The loss of a spouse is up there with the most challenging experiences you might face in this lifetime. With the understandable barrage of emotions you might face, it is probably hard to imagine taking concrete steps to secure your financial future. But this is exactly the time to
manusapon kasosod | Moment | Getty Images As part of President Biden’s 2023 budget, the administration proposed severe limitations to so-called 1031 exchanges. A 1031 exchange is part of the IRS tax code, allowing real estate investors to defer taxes by exchanging “like-kind” properties. The term “like-kind” refers to the nature or character of the
Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, left, awards a $100,000 check to a veterans charity during a campaign event at the Orpheum Theater in Sioux City, Iowa, U.S., on Sunday, Jan. 31, 2016. Luke Sharrett | Bloomberg | Getty Images The check is due now, Mr.
A “For Sale” sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Home prices increased 19.8% in February year over year, according to the S&P CoreLogic Case-Shiller national home price index. That is up from the 19.1% annual increase in January and is the third-highest reading in the
Artist rendering courtesy Oceanix, BIG-Bjarke Ingels Group. The United Nations, a floating city architecture firm called Oceanix, and the South Korean city of Busan on Tuesday unveiled the prototype for a floating, sustainable version of the key shipping hub. Floating cities could be a way to mitigate the effects of sea level rise caused by
Anti-Trump demonstrators gather outside of the New York County Supreme Court in New York City, U.S., April 25, 2022. David Dee Delgado | Reuters A New York judge Monday ordered commercial real-estate services giant Cushman & Wakefield to comply with subpoenas about its appraisals of several Trump Organization properties that are being eyed in a
In this article GOOGL Google officially opened its new mixed-use campus on New York’s Hudson River that includes a two-acre rooftop and public gathering spaces. Photo courtesy of Google As Google employees return to campus life following over two years of remote work, the company has a splashy new office for workers in New York.
Millions of Americans are living in communities with precarious climate conditions, in houses that feel overpriced. There is a solution for many of these people, though: Move to one of the so-called climate havens. Climate havens or climate destinations are situated in places that avoid the worst effects of natural disasters and have the infrastructure
A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Mortgage demand continued to crumble last week, as mortgage rates climbed to their highest level since 2010. Total application volume fell 5% last week compared with the previous
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