Daniel Acker | Bloomberg | Getty Images The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications
Real Estate
Chinese real estate developers, including highly indebted Evergrande, have operated a business that relied on selling apartments before they were completed. Pictured here is an Evergrande development in Beijing on Jan. 6, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate market desperately needs a boost in confidence, analysts said, after reports
For all those who’ve been frustrated by the continuing need to rent because of the lack of affordable housing, the near-term future is looking overall at least as bad as the immediate past. There’s a three-part problem: a vicious demand circle, the economics of building, and investors. Vicious demand circle No one need tell you
The Eastern end of Long Island, better known as The Hamptons is a coveted enclave with coastal and country homes, mansions, and estates. It’s a great place to live, vacation, and most importantly, shop. Fortunately, there’s no shortage of great places to furnish and decorate these incredible dwellings. Here are some of the best places
Four U.S. metros experienced double-digit inflation in the second quarter–Phoenix, Atlanta, Tampa and Miami–and all four were among the most popular migration destinations for Redfin.com users, according to a new report from Redfin, a technology-powered real estate brokerage. These destinations have the highest inflation rates partly because they’re attracting so many new residents and experiencing
Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market. Key Facts The number of housing starts, or new houses
It may have once felt natural to assume net-zero residences and luxury living could never take up housekeeping together. Not any longer. Net zero apartments that offer sumptuous creature comforts have not only made the scene, but are seemingly being snapped up by luxe-minded, eco-conscious residents as fast as they go on the market. To
“Shady Pines, Ma!” If that quip sounds familiar, it’s probably because you spent some happy half hours laughing at the hit Golden Girls sitcom in the 1980s or ‘90s. And you probably just read those words in your head in Dorothy’s gravelly voice. The character played by Bea Arthur was related to one other roommate
Anyone who bought a home – or tried to – over the past couple of years knows that it was rip-roaringly competitive, with bidding wars and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during the pandemic: foreign buyers with mega millions. But now foreign real
Renting an apartment for the first time is an exciting step into adulthood but it’s a big commitment financially so you want to make sure you do your homework and make a choice that’s right for you — and your budget. First, you have to time it right when you’re looking at apartments — you
Topline Home-builder confidence plunged to a two-year low in July as high inflation and supply chain constraints prompted many builders to halt construction on homes, the National Association of Home Builders reported Monday, marking the latest sign the housing market is due for a steep turnaround after the pandemic-era home-buying frenzy. Key Facts Builder confidence
A contractor works on a new home under construction in Tucson, Arizona, U.S., on Tuesday, Feb. 22, 2022. Sales of new U.S. homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand. Rebecca Noble | Bloomberg | Getty Images
Boating enthusiasts looking for a snug harbor between Baltimore and Annapolis, Maryland, need look no farther than Little Round Bay, a deep-water cove on the Severn River. This custom coastal retreat, designed by local architect Cathy Purple Cherry, encompasses 2.72 acres in Crownsville’s Herald Harbor area. A long wooden walkway leads through the treed grounds
The three most important things in real estate: location, location, location. And the U.S. real estate market is in a weird place right now. Mortgage rates are nearly double what they were a year ago, reflecting the Federal Reserve’s campaign to rein in inflation. But they have also been volatile, including some sharp declines from
Some 80 years ago, a group of concerned citizens banded together to form a coalition whose sole purpose was to protect their little town of Cherry Hills Village from encroaching commercialization. The area’s pastoral beauty with wide-open fields sprinkled with patches of cottonwoods and placid bodies of water had attracted the attention of Denver residents
Villa Doma puts its own spin on living large in the Turks & Caicos Islands. The 11,000-square-foot modern mansion is set on 120 feet of beach in the Blue Mountain area on the central north coast of sand-ringed Providenciales. Designed for hosting family, friends or a corporate retreat, the secluded Caribbean escape consists of a
Blue Heron’s cliffside spec house spans three levels in San Diego’s La Jolla neighborhood. Blue Heron This newly built cliff-side mansion overlooking the Pacific Ocean in Southern California comes with an ambitious $32.5 million asking price. It’s one of the most expensive homes for sale in San Diego County, and that price tag puts it
First constructed more than 200 years ago, Franc Vila’s manor house in Pego, Spain, is an irreplaceable find. Graced with palms, terraces and two medieval towers, the six-bedroom, six-bathroom, four-story home is a timeless sanctuary just 5 kilometers from the Mediterranean Sea. Fully modernized, the light-infused interiors are at once stately and comfortable. The home
In this article RDFN Stockton, California DenisTangneyJr | iStock | Getty Images After the frenzy of bidding wars, the U.S. housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk, real estate broker at
Having been approved by the International Code Council within the 2021 International Building Code (IBC), mass timber construction stands ready to change a lot of thinking about how New York City buildings can be constructed from here forward. The newly-constructed Timber House project in Park Slope, Brooklyn, provides the latest evidence of mass timber’s potential.