Real Estate

For many young Americans, the dream of owning a home feels less like a middle-class milestone and more like a prize available only to those with family money or extraordinary incomes. The monthly mortgage payment on a median-priced home has increased 15% in the last year, while incomes have only increased by 4%. And even

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Undefined | Mint Images Rf | Getty Images OK, not all financial advisors wear capes. But many are superheroes to their clients. Advisors, however, do wear many hats because they play a key role in the lives of their clients as they help align their

The residential real estate market rarely rocks headlines—despite economically accounting for the largest single share of U.S. gross domestic product (+/- 17%). The Great Recession pushed real estate front and center in the media for a while as the banks collapsed back in 2008. Covid subsequently upended where and how people wanted to live and

China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People’s Bank of China. “The property market right now in China is actually two-fold. It’s actually going into two directions,” Li Daokui, now a professor

In the massive and eclectic mosaic that is America, each county tells its own unique story, interwoven with threads of hope, ambition, dreams, and sometimes, stark contrasts. But in every state, there exists a county where these contrasts are most palpable — where the divide between the opulent and the struggling is not just a

In this article AVD Follow your favorite stocksCREATE FREE ACCOUNT Bluecinema Picture this: You come home after a long day. As you approach your front door, you reach for your keys — but don’t feel them in your pocket. You quickly realize you’re locked out of your home. Luckily, on-call locksmiths are available to help.

Whether you’re selling your home or commercial property, the broker you work with during the process can make a significant difference. This is especially true in today’s market, which faces several factors including a shortage of homes and rising interest rates. It may be necessary to find the right buyer for your place, and that

In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Jasondoiy | Istock | Getty Images Coming up with a large chunk of cash for a down payment is likely the first thing that comes to mind when people think of buying a house one day. But you probably don’t need as much money as

On the surface, the news from the New York City office sector may look grim: vacancy rates nearing 20%, occupancy rates stubbornly stuck at around 50%, interest rates rising, values dropping, anemic investment sales activity and owners giving keys back to lenders. Fortunately, that isn’t the full story. As I discussed in my previous Forbes

Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were posting 11% annual growth. With

The news is full of stories regarding yesterday’s call by WeWork to its landlords serving notice that they were seeking to renegotiate nearly all their leases. This was accompanied by a letter from WeWork CEO David Tolley who stated inter alia that “[a]s part of these negotiations, we expect to exit unfit and underperforming locations”

Many Americans are house-rich, at least on paper. Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30 trillion in home equity, according to the St. Louis Federal Reserve — just shy of the 2022 peak. That’s roughly $200,000 cash per homeowner in equity that can be tapped, which is the amount most lenders

Housing markets across the United States have witnessed a general tightening in inventory as well as high prices, though down a bit from their peaks in 2021 and 2022 before the regiment of rate hikes instituted by the Federal Reserve commenced. While prices may be down from their recent highs, affordability still remains a major

A “For Sale” sign is displayed in front of a home on August 30, 2023 in Los Angeles, California. Mario Tama | Getty Images After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with

In recent studies, we’ve analyzed and examined the richest cities in other Deep South states, like Mississippi and Georgia. Here, we’re going to take a look at the richest cities in their mutual neighbor, Alabama. Although the median household income in Alabama — $54,943 — is close to $14,000 less than the median household income

After bottoming out below 3% in January 2021, the average rate for a 30-year, fixed-rate mortgage now sits above 7% — which is just too high for many homeowners to consider selling. At today’s rates, most homeowners would need to finance a new home at a higher rate than the rate they currently hold, adding

When privacy is a priority, there are certain enclaves where high-net-worth individuals congregate. In Ontario’s greater Toronto area, a stretch of Forest Ridge in Richmond Hill fills the bill. The large estate homes there, sheltered by 200-year-old trees, attract the likes of corporate CEOs and NHL hockey players. “It is in a well-established sanctuary of

In this article 960-HK 2007-HK 3380-HK 3333-HK Follow your favorite stocksCREATE FREE ACCOUNT Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018. Anthony Kwan | Bloomberg | Getty Images Hong Kong-listed

Paradise Island has earned its name. Clear turquoise waters, white-sand beaches and a resort vibe define the island in the Bahamas connected to the capital city of Nassau by two bridges. Paradise Island in the Bahamas boasts clear turquoise waters and white-sand beaches. MAISON Bahamas An elite gated community on the island’s easternmost tip adds

Gary Burchell | Getty Images More couples are becoming homeowners before tying the knot. Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of Realtors. The organization mailed out a survey in July 2022 and received a total of 4,854