Every hipster knows that Brooklyn is what Manhattan used to be: the desired destination of young creative people. Now, one of the last major parcels along the East River that speaks of the area’s history is the site of a brilliant new building that evoke Greenpoint’s former life as a boat-building mecca. “This project is
Real Estate
Topline Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally starting to slow down on its aggressive interest rate hikes, economists think the end of the collapse could be
The housing market is sending clearer signals that historically low mortgage rates and the home-buying frenzy have come to an end. As we near the end of 2022, here’s a look at the expectations of real estate experts for 2023. Danielle Hale, Realtor.com chief economist: After several years of an unambiguous sellers’ market, the 2023
Inflation optimists are betting that lower housing costs will bring down inflation. They seem to have some arithmetic on their side, but their theory of why inflation rises or falls is fallacious. Declining home prices and rents will not dent our inflation problem. One explanation of the housing-inflation connection is described by the excellent economist
Redfin’s Homebuyer Demand Index—a measure of home-tour requests and other services from Redfin agents—is up 10% and mortgage-purchase applications are up 14% from the end of October, when both hit their 2022 troughs, according to a new report from Redfin, a technology-powered real estate brokerage. That’s largely because mortgage rates continue to steadily decline. According
From grand millennial to coastal grandma, there’s no denying the increased popularity of traditional styles in recent years. Furthermore, the supply chain and shipping nightmares of the pandemic have influenced consumers to re-think where their furniture is coming from and who makes it. These two factors, along with beautiful design can be attributed to the
A Malibu, California property that was once home to the late musician Tom Petty is on the market for $9.85 million, according to listing agent Chris Cortazzo of Compass. Located on Escondido Beach, the property comprises a cabin-style main house as well as a separate guesthouse that Petty used as a music studio. Loaded with
When Christmas is over, dragging the Christmas tree out to the curb is anti-climactic and, let’s face it, depressing. Following its glorious reign inside the house, fragrant, decorated with lights and ornaments, the centerpiece of festivities and the locus for gifts, putting it out for the trash is an ignominious end. Here is a community
One of the last three homes designed by America’s most famous architect, Frank Lloyd Wright, is on the market. The stately home known as The Fawcett Farm is on a 96-acre ranch in Los Banos, California. Considered a Usonian home, a word coined by the architect to describe the New World character of America’s architectural
Now that the cold weather is officially upon us, it’s time to think about finding a home to keep you warm and cozy inside while taking in the scenes of the winter wonderland outside. Whether you are looking to be smack dab in the middle of ski country or prefer to be within driving range
Over the last 50 years, income inequality in America has grown substantially. According to the Economic Policy Institute (EPI), the growth in income from 1945 to 1973 was widely shared among the various income classes in the country. However, beginning in 1973 — notably, the year the United States fell into a 16-month recession, the
If you’re spending at least eight hours a day in a room, it should be a sanctuary. Still, when it comes to good design and trends, many people often ignore the bedroom. It could be because this room isn’t exactly a space for entertaining guests and it’s often closed off from the rest of the
Considering an idyllic spot on the water in the Turks and Caicos Islands? Kira Isle, Leeward, on Providenciales may just be the ticket. The family-oriented community boasts a marina, restaurants, water sports companies and an international school, among other services, according to Gordon Williams of Grace Bay Realty. The blue-hued property known as Villa Bella
The long-awaited interiors of the triplex penthouse atop Miami’s Aston Martin Residences have been revealed through the release of several renderings showcasing the expansive interiors, as well as a few hints at the 7,300 square feet of private outdoor space. Above is a partial view of the full-length living room which highlights the curved nature
China real estate billionaire Zhang Li faces extradition to the U.S. from London for allegedly paying bribes in connection with a construction project in San Francisco, Reuters reported. Zhang, 69, co-chairs developer Guangzhou R&F Properties, one of China’s largest real estate developers. Hong Kong-listed Guangzhou R&F stated today it has “no interest” in the Zhang-linked
New York City owners of rent-stabilized apartment buildings are facing a perfect storm as a tidal wave of mortgage maturities and resets is fast approaching for properties purchased before the passage of the Housing Stability and Tenant Protection Act (HSTPA) of 2019. The Most Vulnerable Properties Sharply higher interest rates combined with the impact of
Call it NOLA, the Crescent City or the Big Easy, there’s no way New Orleans could fail to be called one of the most distinctive cities on the North American continent. A huge part of its romantic charm is its legacy as a city on the “mighty Mississipp.” As the artery that drew commerce to
For most of the 20th Century, the mention of Florida municipalities Lakeland and Winter Haven got folks thinking springtime and the crack of a bat on a baseball. Generations of Northerners journeyed south each March to catch the Detroit Tigers in their spring training home of Lakeland, and the Boston Red Sox (and later Cleveland
Rent Café has released its 2022 year-end report, which looks at the most competitive rental markets this year. Although apartment construction is at a historic high, finding a rental in 2022 has been challenging. Nationally, the average renter had to compete with 14 other apartment seekers to secure a rental, which didn’t stay listed longer
Do you own 25% or more of a limited liability company, partnership, or other small entity that owns real estate or runs a small business (any of these, a “company”)? Are you the president, CEO, general counsel, or COO of a company? Even if you don’t have that title, do you perform a similar role?
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