A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News
Real Estate
With America’s infrastructure challenges and acute housing shortage demanding solutions, is it possible standardization may provide a few of the answers? Some leading design industry observers believe so. They are convinced standardization and repeatability when combined with the ability to produce all kinds of buildings and taken to warp speed just might be game changers.
A sold sign sits outside a home. Adam Jeffery | CNBC Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is higher than the 20% gain in February. The index
E-commerce giant Amazon has launched a $2 billion Housing Equity Fund to preserve and develop more than 20,000 affordable housing units across three major hubs–Puget Sound, WA, Nashville, TN, and Arlington, VA. Amazon’s Housing Equity Fund illustrates how major corporations can collaborate with local governments and help solve the affordable housing crisis that many communities
William_potter | Istock | Getty Images With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume was up 26% in March, according to data
Lieutenant Commander Landon Jones was killed on September 22, 2013, when his helicopter crashed into the Red Sea. He was based out of Naval Air Station North Island in Coronado, California, where his widow Theresa and sons Anthony and Hunter still live. LCDR Jones, along with Chief Warrant Officer 3 Jonathan Gibson who died in
It’s hard to put a dollar value on privacy. But for those who crave it, priceless would be a good place to start. In fact, privacy is ranked as just as important in home buying as proximity to family and friends in a 2022 trend analysis by John Burns Real Estate Consulting. At the very
Supply constraints are driving up property prices and rents in Singapore, the chief executive officer of a real estate company said Friday. “You can see a massive gap opening up between demand and supply,” said Hari Krishnan of PropertyGuru. Singapore introduced measures to cool the property market in December 2021, but analysts told CNBC in
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Americans are dealing with a period of rapidly rising interest rates for the first time in years. The Federal Reserve on Wednesday released the minutes from its latest meeting, showing that the central bank plans to deliver more 50 basis
Lots of architectural efforts seek to generate the next big breakthrough or start the next cutting-edge trend. But in many, it’s also important the design of new projects respect the heritage and culture of the settings in which they will be located. Displaying a reverence for history and the authentic legacy of a region is
When it comes to supply chain issues, frustrations are at an all-time high for consumers. Model and influencer Allison Weiss Brady has been furnishing her entire home for several years but everything has been delayed. From a toilet that never arrived to a seven-month wait for a storage piece, she’s reached a breaking point. “I
Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images A judge on Friday dismissed a federal lawsuit by former President Donald Trump that
MoMo Productions | Taxi | Getty Images In the last decade, a surge in home prices has built considerable wealth for the middle class. Total housing wealth grew by $8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors. The coronavirus pandemic’s housing boom added even more value
A Rhode Island farmhouse that is notorious for inspiring director James Wan’s 2013 supernatural horror film The Conjuring has sold for $1.525 million. Though it wasn’t the house featured in the film, it was the actual home where the Perron family was plagued by nearly a decade of intense paranormal activity in the 1970s. The
In this article JPM WFC High home prices aren’t the only reason behind dwindling homeownership in the U.S. Banks and financial institutions aren’t issuing enough small-dollar mortgages that help families with modest incomes to purchase a property. “It is particularly hard for people who are buying smaller houses with smaller mortgages to find a lender
Brilliant aquamarine waters and bleached sand beaches ring the more than 40 tropical islands that make up Turks and Caicos, an archipelago southeast of the Bahamas. Providenciales, considered the gateway to the British Overseas Territory, boasts expansive beaches, luxury resorts, shopping and more than 60 restaurants and cafes. Scuba-diving, kayaking and paddle boarding are among
The housing market turned a corner in April as the inventory crunch showed signs of easing, according to a new report from Redfin, a technology-powered real estate brokerage. The 9% year-over-year decline in homes for sale was the smallest since March 2020 and the first single-digit drop since the start of the pandemic. While inventory
Ozgurcankaya | E+ | Getty Images Before you book a rental property for a summer getaway, you may want to double check that you’re not getting scammed. This week, New York State Attorney General Letitia James issued a warning for consumers seeking rental properties. “Summer plans can quickly melt if consumers aren’t careful when they
Share to Facebook Share to Twitter Share to Linkedin Some of Wall Street’s hard-charging Masters of the Universe can take solace from the plummeting stock market with a new perk: No limit to their vacation days. Earlier this week, headlines touted how an internal Goldman Sachs memo said partners and managing directors will now have
Real estate and related industries account for more than a quarter of China’s economy, according to Moody’s estimates. CFOTO | Future Publishing | Getty Images BEIJING — Chinese real estate defaults have increased so much that Goldman Sachs analysts have shifted to their worst-case scenario for the riskiest part of the market. Twenty-two China high-yield
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