With housing markets across the United States thrown into an odd limbo due to rising interest rates, dampening demand, but sticky unaffordability, it’s important to try and figure out what exactly is going on on-the-ground. While in past articles we focused on city housing markets, such as the Denver housing market in 2023, here we’re
Real Estate
Retirement planning is all about the numbers. Yet, there is one number most of us take for granted or don’t even consider. We are told that retirement is all about dollars and cents. How much money do we have to ensure our financial security? One financial services firm even had an advertising campaign where people
Six months ago I predicted that home prices would fall, the number of houses sold would decline, and new construction would drop. Since then, home prices have come down a little, on average, but not too badly. The number of home sales is definitely way down. And the latest data on housing construction show that
A luxury waterfront building in Washington, D.C., broke the record for the most expensive condo sale in the city’s history, selling for $12.762 million earlier this month. The split-level, four-bedroom Penthouse 1 has about 5,800 square feet of living space, five full bathrooms and two half baths. In addition, the condo offers three parking spaces.
Forbes Global Properties On any other part of the planet this midcentury modern house might seem out of place. But in Palmdale, California, a city north of Los Angeles known as the “Aerospace Capital of America,” it looks for all the world like a Hollywood filming location. Palmdale, surrounded by rugged desert terrain against a
Earth Day will be celebrated this year on Saturday, and it brings some good news for environmental advocates: Homeowners are starting to prioritize sustainability in their new construction and renovation projects, as observed in the latest American Society of Interior Designers report, published in February. For many years, this aspiration frequently gave way to budget
Ryan Saghian has become a true fixture on the design scene in Los Angeles. The 30-year-old Iranian-American designer has a career that’s currently on fire. In 2022, he released a gorgeous coffee table book called Unapologetically Chic. Then, in 2023, he received an inaugural Stars on the Rise Award at the annual Pacific Design Center’s
When companies like Related and Hines jump on a trend, you know it’s big. That’s what’s taking place from sea to shining sea as these major developers and others leap in to create luxury senior living properties in the heart of major U.S. cities. Simple demographics are the reason. Experts predict the global population of
Forbes Global Properties Not every home in Los Angeles’s storied Bird Streets neighborhood comes with panoramic views and guaranteed privacy. Those that do get it right, melding the beauty of the hills above Sunset Boulevard with the peacefulness of living in a gated retreat. Priced at $8.5 million, 9405 Sierra Mar Place in the Bird
Ever since the new Barbie movie starring Margot Robbie and Ryan Gosling was announced, Barbiecore has been everywhere. When the trailer was released in April 2023, the surge of interest in all things pink was only renewed in both the fashion and home categories. Fortunately, pink is one of the easiest colors to decorate with.
On this date in 1912, one of the richest men in the world dined sumptuously aboard the White Star line’s newest and proudest ocean-going vessel on its maiden voyage across the Atlantic. Later that evening, he would guide his young wife Madeline to lifeboat No. 4 and be told he could not join her until
Forbes Global Properties The one-time home of a prominent architect in a wealthy suburb of Melbourne, Australia, recently sold for AUD 29.5 million or almost US $20 million. The six-bedroom compound in the town of Toorak had been a retreat where architect and builder Gabor Hubay once lived. The tennis court compound in the town
Forbes Global Properties You may not even be aware that there’s a Northern California city known as the Endurance Capital of the World. Yes, Auburn, with its Gold Rush history and landmark status has been the site of decades of epic events, such as the Western States 100-Mile Endurance Run, the Tevis Cup 100-Mile Endurance
Forbes Global Properties There are many factors that separate real estate from other forms of investing but, perhaps the most important is that, unlike stocks or bonds, there is a direct emotional component. When a buyer purchases a property that they are going to live in or an owner sells, the sale is not just
People like to hunt for treasure along the Southern California coast. Amid the sunbathers, surfers and castle builders, it’s not uncommon to see beach hunters sweeping metal detectors over the sand. Homes on the beach in Del Mar are limited, making them highly sought after. Cameron Acker But not all the great finds are hidden
The decline in mortgage rates over the last month likely will boost U.S. home sales by more than 200,000 as cheaper financing results in more people qualifying for loans, according to Lawerence Yun, chief economist of the National Association of Realtors. “Each half a percentage point drop in mortgage rates results is an additional 200,000
What are Americans prioritizing when it comes to their well-being? According to John Burns Research & Consulting’s January 2023 Healthy Homes survey, the three most important non-financial health and wellness factors for households earning $50,000 or more are mental wellbeing (60%), healthy diet (48%) and physical fitness (47%). “Expect health to impact home selection more
Hockey Hall of Famer Chris Chelios has listed his Malibu beach home for $75 million. The Paradise Cove property is located among some of the most desirable homes in the California beach city. About 45 minutes from Los Angeles via the scenic Pacific Coast Highway is Malibu, playground of the rich and famous and their
During the onset of the pandemic, the flexibility to work remotely coupled with record-low interest rates had many home buyers toying with the idea of moving to vacation home markets as shifting priorities and preferences altered where and how people wanted to live. Vacation home sales skyrocketed during the second half of 2020 and through
Forbes Global Properties A Westport home located between the beach and downtown was reimagined by a design and build team. They transformed the turn-of-the-last-century Dutch Colonial into a modern farmhouse with luxurious updates while retaining the original charm. The team of designer Bob Costanza, architect Doug Cutler and builder Oscar Leal of Beachwalk Homes worked
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