Award-winning architect Lauren Rottet in the Presidential Suite of the Surrey Hotel in New York. EDOUARD ZAK PHOTOGRAPHY One of the most-celebrated architects in the world, Lauren Rottet is the genius behind the design of many exceptional hotels around the world, from the Hotel Alessandra in Houston, Texas, the Surrey Hotel in New York City,
Real Estate
The Bank of China in Central, Hong Kong. Getty The mass protests against the government in Hong Kong stopped with the eruption of COVID-19. It was only a pause as all the underlying conditions that fueled the protests are still there. As the COVID-19 pandemic is slowly coming under control, attention is also returning to
Experts predict an interest in larger spaces, but a rise in construction costs. Getty It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to
Getty Since the CARES Act instituted mortgage forbearance for borrowers of government-secured home loans, misinformation and malpractices have abounded. To correct some of that, today the Federal Housing Finance Agency, which oversees mortgage buyers Freddie Mac and Fannie Mae, released a statement reiterating that borrowers in forbearance are not obliged to repay the missed monthly
The Scottsdale, Arizona, area boasts more than 200 golf courses. Getty Two of the largest resorts in the Scottsdale, AZ, area have changed hands. Real estate investment firm Southwest Value Partners purchased the two Hilton properties for a combined $162 million, Commercial Property Executive reports. Robert Sarver, majority owner of the Phoenix Suns, co-founded Southwest Value
Spend your stimulus check where you’ll be spending a lot more time. Loren Barham/Society Social In mid-March, congress passed the CARES Act, which set aside funds to give approximately 140 million Americans up to $1200 per adult in a household plus an additional $500 per child under seventeen years old, to help stimulate the economy
Photo: Getty Recently, I was on a call with a group of property managers and DIY landlords in connection with the National Landlord Association, and to my surprise, many asked about raising their rent prices in the coming months. Over the last few years, states have been more concerned with rising rent prices and passed
TOPLINE Despite the coronavirus pandemic causing unprecedented financial disruptions and a major shift in the lives of American consumers, a slowdown in new cases has made Wall Street more optimistic about eventually reopening the economy— and here are 19 stocks poised to thrive in the post-coronavirus world once widespread quarantine orders are lifted, according to
The magnificent Art Deco lobby of 100 Barclay is protected by New York’s Landmarks Commission. Eric Laignel A New York-based real estate developer is responding to an unsettled time with an option rarely found in Manhattan’s luxury housing: would-be condominium buyers can try out their new home by renting it before committing to a purchase.
The exterior of buildings at the millionaires enclave on Fisher Island. (Photo by: Jeffrey … [+] Greenberg/Universal Images Group via Getty Images) Universal Images Group via Getty Images Fisher Island Community Association, the homeowners’ group in the exclusive island near Miami, has received approval for a $2 million loan through the federal Paycheck Protection Program
HECMs plus Annuities have synergistic benefits for retirees © Can Stock Photo / gpointstudio HUD created this ingenious and multi-faceted reverse mortgage program, but its well-intentioned effort to protect it against misuse has been a disaster. The disaster has stemmed from HUD’s requirement that the HECM be a stand-alone product, as opposed to being part
Millions of homeowners are now in forbearance, essentially pausing their monthly mortgage payments … [+] due to COVID-19. Getty More than 3.4 million American mortgage borrowers are now in forbearance—essentially hitting the pause button on their monthly payments for the foreseeable future. According to the latest data from financial data firm Black Knight, that’s up
Mortgage rates are near all-time lows, but don’t expect to qualify for them without near-perfect … [+] credit. Getty Mortgage rates are still hovering near record lows. According to Freddie Mac, the average rate on a 30-year, fixed-rate mortgage was a mere 3.33% last week—just barely above the record-setting 3.29% seen in early March. What’s
Housing experts say a national rent relief effort is required to help deal with the aftershocks of … [+] the COVID-19 crisis. Getty As the economic consequences of the coronavirus pandemic extend into the future, Americans and policymakers are trying to figure out what type of assistance is needed for both homeowners and renters. Since
TORONTO, ONTARIO, CANADA – 2019/08/12: Close up of a cooked pepperoni pizza. The Italian cuisine … [+] item has other ingredients such as mushrooms, bacon, and mozzarella cheese. The product is commercialized as a ‘Canadian Pizza’. (Photo by Roberto Machado Noa/LightRocket via Getty Images) LightRocket via Getty Images New Rochelle, just north of New York
Give mom so much more than flowers this year Leonardo Wong on Unsplash Many of us won’t be with our mothers this Mother’s Day due to the coronavirus pandemic. But that doesn’t mean we can’t show her how much we care. It feels as if there is even more pressure this year to give mom
Compass California President, Mark McLaughlin Moanalani Jeffrey Industry experts discuss today’s California real estate market. Compass California President Mark McLaughlin and CoreLogic’s Deputy Chief Economist Selma Hepp answer key questions on the market. In 2018, McLaughlin led the merger of San-Francisco-based Pacific Union International with Compass establishing Compass California, a leader in market share
Happy young woman in Bluetooth headphones sit on couch study on laptop listening to music, smiling … [+] positive girl on sofa wear wireless earphones have skype or web conversation on computer Getty Coronavirus has made this an uncertain time for many industries and real estate is no exception. In light of that I reached
The Wee Barn in Corning, NY is 1436 square feet and includes many green features and aging in place … [+] features. Photo courtesy of Geoffrey C Warner for Downsize: Living Large In a Small House When the dust finally settles on this horrible pandemic, I predict people will be looking for a much different
How carefully and strategically the real estate industry can ramp up will make all the difference … [+] for agents, buyers, and sellers in both transacting business and staying safe on the streets of our cities and towns. Getty A month after our shelter in place took hold here in New York, with another month