A classic gambrel-roofed summer home, Wildmoor has a storied history Rise Media for Sotheby’s International Realty “Wildmoor,” the original Bouvier family summer home in East Hampton, New York, has gone on the market for $7,500,000 million. One of the two fireplaces at Wildmoor Rise Media for Sotheby’s International Realty The Bouviers owned the house for
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Vincent Lo, chairman of Shui On Land, is adding to his real estate projects in Shanghai.… [+] Photographer: Kevin Lee/Bloomberg BLOOMBERG NEWS Shui On Land, the developer of Shanghai’s swank Xintiandi area, is increasing its investments in the city as the impact of the Covid-19 pandemic winds down — at least for now, and hope
Tenants can’t pay their rent because of the pandemic. They ask for abatements, deferrals or other accommodations. Property owners sometimes go along, signing formal abatement or deferral agreements with tenants. Owners may feel they have no choice. They look ahead into a dark future and would rather have tenants in occupancy than vacant space. Or
A new home development in California. Photographer: Jonathan Alcorn/Bloomberg Bloomberg Home builders are feeling much happier just in the last couple of weeks. Following a decline in sales of 50% to 60% (80% in some cases), many homebuilders are seeing a significant pickup in sales paces. Our research at RCLCO shows that between the first
Watch rent collections for May in the NYC multifamily market. Ariel Property Advisors As multifamily investors look for data and insights on the industry in the midst of uncertainty, 2020 Q1 data and the effects of the early stages of the pandemic are shedding some light on what to expect. There will be greater clarity
ASSOCIATED PRESS Homebuilders’ rather bleak sentiment about the state of their industry last month seems to be now slowly reverting as states lift stay-at-home orders and home shoppers return to the market. According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, released on Monday, builders’ sentiment gained seven points in May,
Doctor in protection clothes holds toy house, asking to stay at home Getty There has been a surge of renter households in the US. As a result, the economic shock waves set off by the coronavirus pandemic will reverberate not only for tenants but the owners of those properties as well. Whether you are an
SpaceX founder Elon Musk addresses the media (Photo by Philip Pacheco / AFP) (Photo by PHILIP … [+] PACHECO/AFP via Getty Images) AFP via Getty Images It started two weeks ago with a simple tweet from billionaire Elon Musk saying that he intended to ‘own no homes’ as part of his life overhaul in which
Many businesses are likely now considering whether some of their operations need to return to the … [+] workspace at all. Getty How might buyer and seller priorities change post-COVID? It’s an interesting question with potentially widespread implications for the housing market as many homeowners and prospective buyers start to revaluate both what they want,
Daun St. Armand forecasts a change in the luxury market in the wake of the COVID-19 pandemic. CallisonRTKL We’re not the only ones eyeing our homes’ designs while sheltering in place. Also closely examining residential America are architects and designers. Many believe the pandemic’s effects will alter the look and function of tomorrow’s single- and
A pop of color with SMEG appliances. Photo courtesy of Getty Images According to retail intelligence company Stackline, refrigerator sales in the United States are one of the top 50 growing categories during the coronavirus, up +160%. Sales at SMEG, an international kitchen appliance company known for the iconic design of their retro FAB refrigerator collection, are
Indianapolis, Indiana, is a desirable secondary market Getty Here’s the updated 2020 Housing forecast from realtor.com. In mid-December realtor.com released the annual 2020 housing forecast. Fast forward five months and it’s no surprise the numbers have changed. “We got derailed on the forecast as we expected,” realtor.com Senior Economist George Raitu explains. The updated data
This Colorado ranch has served as a family retreat for the family of golf legend Greg Norman for … [+] more than two decades. Located in Meeker, Colorado ranch in the White River Valley, it is listed for $40 million. Shawn O’Connor Photography Golf legend Greg Norman has listed his Meeker, Colorado ranch in the
Pedestrians are reflected in the glass doors of a Saks Fifth Avenue store in Cincinnati, Ohio, U.S., … [+] © 2014 Bloomberg Finance LP For years rumors have abounded that various forces were trying to lead North America’s two leading luxury department stores to the alter. And I can neither confirm nor deny that I
Total count of COVID-19 cases based on the patient address by zip code NYC.gov One of the pieces of conventional wisdom we have picked up during the COVID-19 crisis is that high-density residential living will be less favored. The city to suburban migration pattern is already beginning in New York City and could last several
The Koto Piha is a 4 bedroom/3 bath home, 1950 square feet. It has two courtyards that connects the … [+] residents with the outdoors. Rendering courtesy of Plant Prefab Plant Prefab, a very energy efficient prefab builder in CA has teamed up with Koto from the United Kingdom to design and build modular homes
An avant-garde artist and a Modern architect are behind the creation of this renovated 1920s Parisian apartment, on sale for $2.8 million. This glamorous home was designed by Adolf Loos for Dadaist co-founder Tristan Tzara (c)Lucile Pillet The building the home is located in was designed in 1926 by Austrian architect Adolf Loos for Dadaist co-founder
Joe Biden Talks About the Coronavirus in Washington, US Barcroft Media via Getty Images A Federal Rent and Mortgage Bailout: Joe Biden, the presumptive Democratic presidential nominee, called for sweeping housing relief and a federal rent bailout. Appearing on Good Luck America, Snapchat’s daily political show, Biden was asked if the federal government should be
Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to … [+] the COVID-19 pandemic. SOPA Images/LightRocket via Getty Images Fannie Mae and Freddie Mac have announced additional relief options for homeowners struggling due to the COVID-19 pandemic. According to announcements from the two companies this afternoon, homeowners in forbearance
Photo: Getty There has been much conversation on how COVID-19 will affect our country’s residential real estate market. As real estate investors, we want to have current information with accurate updates so that we can make informed decisions. Let’s take a quick look backward before we look ahead. Never in my lifetime have I seen