A pending sale sign in front of a home in Miami. Getty Images Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors. Analysts were predicting a slight monthly gain. Sales were 8% lower compared
Real Estate
A grand estate can serve as homage to the architect, the interior decorator or even the landscape designer – long after they are gone. This Tuscan-style villa in the heart of L.A.’s lower Bel-Air neighborhood is in many ways a tribute to all three. Built in the late 1920s, the residence is credited to early
Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down. However, investors are starting to pay attention again, with lawmakers in Washington, D.C., mulling proposals
A mountain contemporary in Vail Valley has thrown down the gauntlet with what may end up being the most expensive sale in 2021 for the area. One of highest closing prices recorded so far this year in Colorado, the $30.5-million transaction was for an architectural showplace set on more than three-quarters of an acre along
Tim Allen | iStock | Getty Images To address the renters’ crisis triggered by the Covid-19 pandemic, Congress has allocated more than $45 billion in aid. More than six months after the money was authorized, most of it is still available. Just around a fifth of the funding, or $10 billion, had reached households by
The U.S. Department of Housing and Urban Development (HUD) announced today that it has reached a conciliation agreement/voluntary compliance agreement with MGM Investment Company, the owner of Roosevelt Plaza Apartments in Phoenix, as well as its property manager, resolving allegations that they violated the Fair Housing Act and Title VI of the Civil Rights Act
In 2015, Sahil Mehta helped sell his first property in the Berkeley, Calif., area at the age of 18, earning a commission of around $2,000. It solidified his interest in pursuing real estate sales and investments, which has only grown in the ensuing years. “It was such an incredible feeling, not because of the amount
Although major players in the coworking space game like WeWork closed locations and lowered membership fees in 2021, as we head into the final quarter of the year, this concept is taking a turn for the better as spaces from smaller companies such as The Muse Rooms are beginning to re-open. Originally founded in 2015, The Muse Rooms had three locations
China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — China Evergrande shares briefly dropped more than 10% in opening trade
Here’s a fast pass to joining the ranks of the landed gentry. An expansive hunting property has come on the market in the Loire area of central France for 1.85 million euros or about US $2.14 million. Encompassing 76 hectares, or 188 acres, more than half the property is meadowland that can be leased out
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. In moving in the opposite
Muirlands is among the oldest of the 16 areas making up the coastal San Diego neighborhood of La Jolla, California. The community of more than 1,000 homes is characterized by grand estates, ocean vistas and towering pine and eucalyptus trees. Although often mistakenly thought to be named after naturalist John Muir, City of San Diego
In this article BAC andresr/Getty Images Even as prices for homes soar, the American Dream of owning a home is still alive and well. Yet that can be a high hurdle for first-time home buyers to reach. New data from the National Association of Realtors shows sales of previously owned homes rose by 7% in
Founder and CEO of Rentec Direct, property management software for real estate professionals. No industry has escaped the global pandemic completely unscathed, but the real estate industry has been regularly making headlines for happenings like skyrocketing home prices and extended eviction moratoriums. It seems the entire country is eager to return to normal, but what does
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of previously owned homes increased 7% to a seasonally adjusted annualized rate of 6.29 million units in September, according to the National Association of Realtors. The organization’s chief economist, Lawrence Yun pointed to a brief
A good relationship with a tenant can mean the prevention of problems down the line. However, the opposite is also true. If you have a poor relationship with your tenant(s), you can face overwhelming trouble as they navigate their agreement with you. While you don’t want to be a pushover and hurt yourself financially, you
A sign is posted in front of a home for sale on September 28, 2021 in San Anselmo, California. Justin Sullivan | Getty Images Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell 6.3% last week compared with the previous week, according to the
Investment Specialist, Team Denver Homes - RE/MAX Professionals. If you’ve ever binged a real estate reality TV series, you know how satisfying a before-and-after home reveal can be. With big teams and big budgets, these shows renovate, reconstruct and redesign houses to boost their resale value. It’s entertaining TV, but if you’re an average homeowner, it’s probably
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof, especially for the highest-priced properties. As a result, investors are now flooding into the market again, after falling back a bit during
Aspen, Colorado, is a small Rocky Mountain town with a worldwide reputation. Long a playground for skiers, the mountain resort community was recently recognized in Condé Nast Traveler’s annual Readers’ Choice Awards as the No. 1 Small City in the U.S. A booming silver mining town in the late 1800s, its population dwindled when the
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