The home that Johnny Cash built in rural Casitas Springs, California in 1961 as his quiet, easy-going place to escape from a busy recording and touring lifestyle went on the market in June for $1.795 million and has recently sold to a local buyer for $1.85 million—$55,000 over the asking price. The former owners had
Real Estate
The Federal Reserve raised the target federal funds rate by 0.75 percentage points for the third time in a row, in an effort to cool down unrelenting inflation. Fed officials have raised the benchmark short-term borrowing rate a total of five times this year, including 75 basis point increases in June and July, marking an unprecedented pace.
Kim Kardashian has lived in a variety of homes, but she still has stayed close to Los Angeles with homes in Beverly Hills, Beverly Grove, Bel Air and Hidden Hills. Now she is moving about an hour away to Malibu where she bought an oceanside estate that once belonged to supermodel Cindy Crawford. At $70.4
An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A bombshell lawsuit against former President Donald Trump filed Wednesday contains a head-spinning amount of detail about real estate, loans and other financial arrangements
Real estate sales records are meant to be broken. And once again, Driven Properties has not disappointed with the closing of a property in the Villa Amalfi development on master-planned Jumeirah Bay Island in Dubai. The five-bedroom, 4,558-square-foot townhouse set a new high bar of AED 35.5 million (about US $9.67 million) making it the
A ‘For Rent’ sign is posted near a home on February 07, 2022 in Houston, Texas. Brandon Bell | Getty Images Rents for single-family homes were 12.6% higher in July compared with the year-earlier month, but the gains continue to shrink from the record high seen in April, according to a new report from CoreLogic.
Office demand is in a state of flux. The widespread adoption of hybrid work and intensifying economic headwinds have left companies unsure of their real estate needs. While both office owners and occupiers share an optimistic outlook about the future of office usage, property managers are pioneering new ways to generate revenue in the place
In today’s “personalization first” era, when a company wishes to establish its market leadership, it starts by defining its customer base and catering to its needs, even if its operations are based on a B2B model. Effective personalization tools are an obvious requirement for high-demand, high-risk clients like those of the real estate market. It
The housing market is becoming more balanced, but at a great cost to buyers, who are footing the bill of high monthly mortgage payments, and sellers, whose stronghold on the market has slipped away as mortgage rates doubled this year. This is according to a new report from Redfin RDFN , a technology-powered real estate
Many grand estates boast a parklike setting, but this Genoese villa is literally in one. Dating to 1813, the renovated Neoclassical Italian residence is within the Portofino Regional Natural Park, a protected coastal area in northern Italy along an arm of the Mediterranean called the Ligurian Sea. Set on the hill that divides the villages
For generations, upper-class retail establishments have held out their superior service as a reason for customers to patronize them rather than lower-priced stores. The same emphasis on service is at play in some of the nation’s highest-end residential buildings. Sure, tennis courts and exclusive dining rooms and other physical amenities carry cache. But what good
Sentosa Island–Singapore’s waterfront playground where homeowners park yachts outside front doors–turns 50 years old this year. Formerly known as Pulau Belakang Mati, the nearly two-square-mile isle sits at the southern end of mainland Singapore–minutes away via cable car, auto, public transport, bicycle, moving walkway, or a garden-themed boardwalk. Singapore’s government has infused Sentosa (“peace and
A modern penthouse found high up in the W Residences Austin in Downtown Austin, Texas, has changed hands after roughly two weeks on the market, according to the listing brokerage. The asking price, which included the furnishings, artwork and other household accoutrements, was $5.95 million. That the turnkey unit was so quick to attract a
As if the nearly 6 acres of hilltop offering 360-degree views of Camelback Mountain, the Praying Monk rock formation, the Phoenix Mountain Preserve and South Mountain weren’t enough to make this Arizona estate a standout, there’s much more. For starters, there’s the history. The McCune Mansion in Paradise Valley takes its name from Pennzoil heir
The housing market landscape is vastly different than it was several months ago as potential home buyers and sellers continue to hesitate amid affordability challenges and mortgage rate swings exacerbating the housing cost roller coaster for buyers. Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow’s
It’s easy to leave your heart in San Francisco: the city has beautiful architecture, historic charm, memorable eateries, culture galore, magnificent views and enough atmosphere to convince even the most cold-hearted among us that this place is truly special. The city is also famous for its high-end real estate, which seems to rise further into
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: Oscillator says market still oversold Our trades on DVN and CRM Quick mentions: HON and LLY Watching these bullpen stocks 1. Oscillator says market still oversold Stocks were in the
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now
The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes
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