The usual ways to assess real estate markets are out the window this year. The standard equation is that more jobs lead to more demand for housing, but with a massive loss of jobs in ALL markets this year, that analysis doesn’t work. So, how can we now decide which markets are the best bets
Real Estate
A Breather office space on Broadway in New York City, featuring furnishings positioned for social … [+] distancing. Breather The ways in which American employers think about work space are changing as the world slowly reopens. Companies are likely to re-evaluate both the type and amount of space they lease in the coming years. The
Photo: Getty Not long ago, we felt that the tremor of society’s heartbeat would remain forever slow. Yet businesses around the country have started to reopen, and humans have started their adaptation process into the new normal. Hope has begun to rise. In this new normal, our thought process when selecting a new home has
A Downtown Manhattan penthouse condo duplex with 5,646 sq.ft. including 3 bedrooms, 4.5 bathrooms … [+] plus a swimming pool. Asking Price: $30 Million. Sotheby’s International Realty Here’s a recent mini-trend in the Manhattan luxury real estate market that’s worth watching: Of the 16 contracts signed at $4 million and above in May, seven were
Front facade peter@engmalm.se | http://engmalm.se A 4-bedroom converted water tower in Sweden that creates its own income is on sale for $1,466,792. The 28-meter-high Växholm home comes with a telecommunication antennae lease that generates $31,000 a year for its owners, according to Christie’s International Real Estate’s affiliate Residence, the agent handling the sale. The top
A new survey shows a growing comfort with attending open houses again. Boston Globe via Getty Images The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%,
Part One of a two-part piece on rent-stabilized multifamily investment 814 Amsterdam Avenue, New York, NY Ariel Property Advisors When it comes to multifamily real estate investment, rent-stabilized housing can be an under-appreciated asset in the right circumstances. In cities like New York, where strict new rent regulations have dulled investor appetites for multifamily housing,
TOPLINE During the ongoing protests over the death of George Floyd and racial injustice, Confederate monuments are increasingly becoming targets, with aone statue in Arlington, Virginia, removed Tuesday by its owner, another likely to be removed by the mayor of Birmingham, Alabama, and others across the South targets of protest graffiti.. A statue of Confederate
Brokers in New York City are bracing for more realistic prices as supply outstrips demand. Getty As the New York City real estate market starts its march toward recovery, sellers are starting to peek out of quarantine and list their homes, but there’s no promise that buyers will be following. The third week of May
Photo: Getty VUCA, like all good acronyms, was coined by the U.S. military, and stands for volatility, uncertainty, complexity and ambiguity. Corporate real estate has largely been stuck in VUCA, forgoing forward-thinking trends in the age of accelerations for dated strategies that are largely linear, long-term and inflexible, making them particularly ill-prepared for the rapidly
The extra $600 in weekly unemployment benefits from the federal government expires in July. … [+] Apartment industry experts fear rent payments will plunge as a result. Getty As rent comes due in June, the third month since the onset of the pandemic, and as Congress mulls additional aid to inject into the coronavirus-battered U.S.
EverTalk’s West Hollywood Set EverTalk With everyone spending a lot more time at home these days, finding fresh, evergreen content can be a challenge. Digital platforms like YouTube, Facebook, and Quibi go through great lengths to set themselves apart. But one unique platform called EverTalk, which is available on AppleTV and Roku, accomplishes this in
Summer rentals are topping $200,000 Getty A hot rental market defines The Hamptons this summer. Traditionally Memorial Day weekend kicks-off of the oh so busy summer season. Typically, renters are settling in, making dinner reservations while filling their social calendars. Brokers are busy showing prospective buyers multi-million-dollar properties from Amagansett to Southampton. Like everywhere else life
Clear pool fences are just one of the biggest design trends of the season. Aquaview Pool fencing As we transition into summer amidst a pandemic, spending time outdoors becomes more important. Although stay at home orders have been lifted in many states, there are still restrictions in some locations. Plenty of people remain cautious and
Los Angeles posted 15 percent listing price gains Getty Here’s some positive housing market news from realtor.com’ s Weekly Housing Trends Report for the week ending May 23. The numbers show more new listings than in previous weeks. That’s a sign of a market kicking into more of a recovery mode. Here are some
Pandemice-era lockdowns have heightened homeowner interest in highly customized kitchens featuring … [+] Italian craftsmanship. ITALKRAFT With COVID-19 forcing folks to hunker down over the past two months, kitchens around the country have become more than ever the heart of the home. They’re the focal point not just for cooking meals but for school work,
A Mamaroneck, N.Y. house on Long Island South with 7 bedrooms, 8 baths, on 1.269 acres. The asking … [+] price is $4,995,000 and a contract was signed on 5/11/2020. The house was originally listed in 2018 for $7.495,000 Coldwell Banker Over three days in April, National Football League commissioner Roger Goodell hosted the draft
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary. Getty It was another record-breaking week for mortgage rates. According to the latest data from Freddie Mac, rates on 30-year loans bottomed out again, hitting a new all-time low of just 3.15%. That’s down from 3.25% last week and 3.99%
The housing market in Austin, Texas, is quickly rebounding from the effects of the coronavirus. Getty As mortgage applications, price appreciation and slowly growing new listings indicate that the national real estate industry is finally mending from the coronavirus, some housing markets are charting faster and stronger recoveries than others. The reasons why some cities
This design by Alchemy architects is their lighthouse 310SF – 14 X22 Sq Ft. Rendering courtesy of Alchemy Architects Alchemy Architects has teamed up with Plant Prefab to build a good variety of Accessory Dwelling Units (ADUs) called lighthouse LivingHomes in CA. With a large shortage of housing in this area, these units will provide