If you’ve felt this housing market is the hottest you’ve ever seen— you may be spot on. In the 15 months between the quarter ending in June 2020 and the quarter ending in September 2021, the median U.S. home price rose 25.5%—the most over a similar time period in our nation’s history since these figures
Real Estate
Only 28% of Manhattan office workers are back at their desks and fewer than half will return by January, according to a new survey. Employers expect that 49% of office workers will return on an average weekday by January, according to a survey of 188 big employers in Manhattan by the Partnership for New York
Few American entertainment figures have the stature of Carol Burnett. She has been nominated for countless Emmys, Golden Globes, Tonys and Grammys, winning her share of all of them. She has received the country’s highest accolades, including a Kennedy Center Honor, the Presidential Medal of Freedom, the Mark Twain Prize for American Humor and, in 2019, she
Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters The debt problems facing China’s property sector are likely to cause a period of stagnation which affects both the domestic and global economy, according to George Magnus,
Apartments are where home sweet home is at for more and more Americans: in the last decade, the multifamily market has experienced hypergrowth. Even during COVID-19, 2020 saw a 50% increase in multifamily units, compared to that of 2019. And, rents in multifamily housing markets climbed 10% in 65 of the 150 largest metropolitan areas. The occupancy
Kaisa Group Holdings Ltd. logo displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images Hong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week. It comes as investors continue to
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. Each luxury real estate agent should have their own unique branding. Whether it is a result derived from affiliating with a luxury brokerage such as Sotheby’s International Realty or Compass or achieved otherwise, it is essential to have a specific and clear identity. Brand consistency and
nd3000 | iStock | Getty Images There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems. Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers,
Underscoring the truth to the adage “the rich get richer,” the Hawaii high-end real estate market grew at a record rate through the third quarter of 2021. Transactions in the $3 million to $10 million luxury category rose from 215 for the period last year to 634 so far this year, according to a report
Any C-suite executive looking to lure workers back into the office has likely spent more time thinking about indoor air quality and ventilation over the past year-and-a-half than at any other point in their pre-pandemic life. That’s because healthy buildings have become the latest enticement to bring employees back into the office. As people slowly
Wellness design was a growing trend before the pandemic sent millions of Americans home in early 2020, but the long months many families spent cooped up at home making their spaces as safe, healthy, functional and comfortable as possible despite tremendous challenges has accelerated it tremendously. Two major media events this week highlight its prime
A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Wealthy real-estate buyers from overseas are expected to descend on the nation’s luxury housing markets Monday, giving a second boost to demand for high-priced apartments and mansions. The U.S. will lift the travel ban on
For the past two years, housing supply has barely kept pace with the growth in housing demand. But there are signs that the market is turning a corner. A new report from Redfin, a technology-powered real estate brokerage, shows the supply of America’s most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance
People walk past colorful stores in a pedestrian area of downtown Ithaca, New York on a sunny day. benedek | iStock Unreleased | Getty Images Far from Glasgow and COP26, Ithaca, New York, just made an unprecedented move to tackle climate change and the city’s carbon footprint. In a unanimous vote on Wednesday night, Ithaca’s
Topline Shares of digital real estate marketplace Zillow tumbled nearly 20% on Wednesday morning, a day after the company announced in its earnings results that it would shutter its home-flipping business due to the “unpredictability” of the housing market. Key Facts Zillow’s stock fell nearly 20% to around $69 per share by midday on Wednesday,
In this article COLM CLBK Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, the days of low rates are clearly numbered. Reports of hotter-than-anticipated inflation have paved the way for the central bank to unwind last year’s bond buying. While the Fed said that interest rates will stay near zero for now,
The Berman Buckskin Ranch in low-key Placerville, Colorado, has had no shortage of high-stakes owners. The glass, wood and stone main house was originally designed for Academy Award-winning writer and director Oliver Stone and later re-envisioned by Lyle Berman. The professional poker player and business executive got his start working at his dad’s leather business, for whom
3715 S. Ocean Blvd in Highland Beach is a three level storm-proof fortress elevated on pilings and constructed of poured concrete and storm-proof glass. Daniel Petroni A waterfront megahome in Highland Beach has sold twice this year, and each time it has raised the bar for for this South Florida town, which has become one
Dave Marcinkowski is a Founder/Partner in Madera Residential and Quext, focused on creating smarter, healthier apartment communities. Companies often claim that employees are their most valuable asset, but if so, then data must certainly run a close second. Given all the talk about data being the new oil, it is surprising that data hasn’t found its
Investors could expect more Chinese property developers to default on bond payments, but troubles in the real estate sector have not spilled over to other industries, an analyst said Tuesday. Financial distress among Chinese real estate firms came to forefront in the last few months as Evergrande and other developers struggled to repay their debt.
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