One of the commercial real estate maxims of the last year holds smart employers are now or soon will be trading in more office space for less but higher-quality office space. With some hybrid work likely to hang around permanently, employers will need less square footage than they did pre-pandemic. What will they do with
Real Estate
Poverty rates rose for older Americans in 2021 and it was the only demographic group to experience rising poverty, according to the U.S. Census. Eroding pensions, increases in Social Security’s normal retirement age, and big gaps in access to retirement savings plans at work are causing elderly income security in the United States to fall.
The mass exodus from cities inspired by the pandemic may be over, but suburban markets are still hot. With many people working remotely, the suburbs continue to be a more comfortable and affordable option without sacrificing access to the city, albeit with a bit of a longer drive or train ride. Check out these suburban
Home fragrances might be invisible but in terms of setting the ambiance for a space, there’s nothing that can make a bigger impact. After all, there is something very luxurious about walking into a home filled with curated scents. But knowing the right fragrances to choose and how to combine them takes knowledge and a
Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force
Home prices and rents will decline in the next year, on average, though different parts of the country will experience somewhat differing paths. In the aggregate, housing prices will decline for both homeowners and tenants. Before getting too glum, though, homeowners should acknowledge the 45% appreciation they have had, on average, over the last three
Amid mounting evidence that the rapid rise in home prices is over, investors in rental property will have more options over the next few years as sellers outnumber buyers and prices deflate – slowly in most markets but very rapidly in others. As has ALWAYS happened in the past, home prices and rents will eventually
Whether it’s celebratory champagne, a swag-filled gift box or nothing at all, the art of giving a closing gift for a real estate client is one that requires more finesse than you might think. A closing gift must be personal but not too personal, thoughtful yet not too thoughtful and, foremost of all, it must
Ben Affleck’s Pacific Palisades home recently sold for $28.5 million. Affleck, the Academy Award winner known for movies like “Gone Girl,” “Argo” and “Good Will Hunting,” bought the home for $19 million in 2018, according to public records. He married Jennifer Lopez in Las Vegas in July and had a second wedding ceremony with the
Actress Sandra Bullock has channeled much of her A-list wealth into real estate ventures, having bought and sold homes in Austin, Texas, Los Angeles, New York, a Georgia Tybee Island home and more across the country. Now a producer, she has just listed her stunning 91-acre compound in San Diego for $6 million. The property,
Mid-century Modernism is the historic style favored by today’s young people. While Victorian, Arts and Crafts, Colonial and other formerly beloved historic house styles have faded in popularity, the functional, rational and technologically driven designs of the 20th century are the hot historic styles of our time. Examples of these styles include Art Deco, Art
The mid-century modern home in California where Elvis and Priscilla Presley spent their honeymoon in 1967 has hit the market for $5.6 million. The Palm Springs home was featured by Look magazine in 1962 as the “House of Tomorrow.” Unlike the boxy-shaped homes of the era, its curvilinear floor plan and futuristic features such as
Frank Lloyd Wright houses are not common in the East. In New York, the only house on the west bank of the Hudson designed by this country’s most famous architect is now for sale. Built circa 1960, this Usonian-style house is known as the Socrates Zaferiou House, named for its first owner. Set on two
Even as Hurricane Ian’s 155-mile-per-hour winds were leveling southwestern Florida, real estate agent Rick Pitts was selling the dream of waterfront living. As Ian made landfall, Pitts, the owner of Sellstate Excelsior Realty in Cape Coral, told his Twitter followers to check out a $60,000 canal lot on the north side of town. The tweet,
Nearly two-thirds (62%) of U.S. residents who plan to buy or sell a home in the next year are hesitant to move to an area at risk of natural disasters, extreme temperatures and/or rising sea levels, according to a survey in August commissioned by technology-powered real estate brokerage Redfin of roughly 1,000 respondents who said
The quality of life factors are off the charts for this 1904 classic home in Boulder, Colorado. Set in the family-oriented Mapleton Hill neighborhood, it is a short walk to vibrant Pearl Street with its shops and eateries, close to scenic Boulder Creek and near the Mount Sanitas and Sanitas Valley hiking trails. Colonial Revival,
Renowned futurist Thomas Frey is quoted as saying, “If you change your vision of the future, you will also change the way you make decisions today.” Frey, whose insights into the field of futurology have caught the attention of global companies like Google, IBM and AT&T, shared a similar sentiment last week at this year’s
Not every housing market is the same. For those wondering how far your money can go in another state or country, I took a look at properties for sale on Forbes Global Properties. Whether you are looking for a newly built luxury home in a family-friendly neighborhood near Washington, D.C., or prefer the maintenance-free lifestyle
Frances Anderton has covered Los Angeles design and architecture in print, podcasts, exhibitions, and at public events. For many years Anderton is well known in LA as the host of DnA: Design and Architecture, broadcast on KCRW, a public radio station. Anderton has spent her career educating the public about architecture and urbanism, for which
It’s about time Warren Buffett caught a break. The Oracle of Omaha finds his Farnam Street abode located in the heart of one of the hottest real estate markets in the country, according to new data compiled by VeroForecast. The residential real estate forecaster predicts that home prices in the Big O will jump by
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