Whether you’re selling your home or commercial property, the broker you work with during the process can make a significant difference. This is especially true in today’s market, which faces several factors including a shortage of homes and rising interest rates. It may be necessary to find the right buyer for your place, and that
Real Estate
Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were posting 11% annual growth. With
China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People’s Bank of China. “The property market right now in China is actually two-fold. It’s actually going into two directions,” Li Daokui, now a professor
The news is full of stories regarding yesterday’s call by WeWork to its landlords serving notice that they were seeking to renegotiate nearly all their leases. This was accompanied by a letter from WeWork CEO David Tolley who stated inter alia that “[a]s part of these negotiations, we expect to exit unfit and underperforming locations”
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Chinese property developer Evergrande jumped over 70% on Wednesday, leading gains on the Hang Seng Index. The real estate sector was
Housing markets across the United States have witnessed a general tightening in inventory as well as high prices, though down a bit from their peaks in 2021 and 2022 before the regiment of rate hikes instituted by the Federal Reserve commenced. While prices may be down from their recent highs, affordability still remains a major
In recent studies, we’ve analyzed and examined the richest cities in other Deep South states, like Mississippi and Georgia. Here, we’re going to take a look at the richest cities in their mutual neighbor, Alabama. Although the median household income in Alabama — $54,943 — is close to $14,000 less than the median household income
A “For Sale” sign is displayed in front of a home on August 30, 2023 in Los Angeles, California. Mario Tama | Getty Images After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with
I’ve had clients snap photos of resort features on their phones to share in project planning meetings when they experience a new amenity that feels both amazing and achievable. Saunas and steam showers fit that description, and are among the amenities sought by an increasing number of wellness-focused homeowners. I reached out to three professionals
Gary Burchell | Getty Images More couples are becoming homeowners before tying the knot. Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of Realtors. The organization mailed out a survey in July 2022 and received a total of 4,854
Paradise Island has earned its name. Clear turquoise waters, white-sand beaches and a resort vibe define the island in the Bahamas connected to the capital city of Nassau by two bridges. Paradise Island in the Bahamas boasts clear turquoise waters and white-sand beaches. MAISON Bahamas An elite gated community on the island’s easternmost tip adds
In this article 960-HK 2007-HK 3380-HK 3333-HK Follow your favorite stocksCREATE FREE ACCOUNT Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018. Anthony Kwan | Bloomberg | Getty Images Hong Kong-listed
The Sport of Kings has forever been a study in contrasts. The spirited game features champion horses, their thundering hoofs vibrating flutes of Veuve Clicquot enjoyed by spectators in the field-side cabanas. Some trendsetters forget to lower their Bulgari shades to notice the match―unless, of course, the players include Ignacio “Nacho” Figueras, Argentina’s star competitor
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters With record-high home prices and soaring mortgage interest rates, homeownership has become increasingly unaffordable — and hidden costs can surprise first-time buyers, experts say. Indeed, everyday home expenses, including utility bills, property taxes, insurance and home maintenance, cost the average
After rising steadily since January, home prices may now be turning lower again. The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. That’s a bigger annual gain than the roughly 1% recorded in June, and August’s annual comparison
When it comes to real estate investing, taking a long-term approach has key benefits. The most successful investors I’ve dealt with in my career have built their portfolios over time. While there could be challenges to acquiring and refinancing assets in today’s market, there are still opportunities to be had. If you’re an investor who
Amidst recent news coverage and the European Parliament plenary session titled ‘The Water Crisis in Europe’, it has become evident that the region is confronting a pressing and urgent water problem. Last year’s record-breaking heatwave, which marked Europe’s hottest summer on record and its second warmest year ever, serves as a stark reminder of the
An aerial picture taken on October 1, 2022 shows a broken section of the Pine Island Road and destroyed houses in the aftermath of Hurricane Ian in Matlacha, Florida. Ricardo Arduengo | AFP | Getty Images Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Some home
When it comes to housewarming gifts, most people think of kitchen gifts and bathroom gifts. However, experts recommend sleeping 8 hours a day – which is one-third of each 24-hour period. And even people who don’t reach the 8-hour threshold spend well over 6 hours a day in the bedroom, either sleeping or lounging in
State Attorney General Letitia James seen during public safety announcement to prevent gun violence at City Hall, July 31, 2023. Lev Radin | Pacific Press | Lightrocket | Getty Images New York’s attorney general asked a judge Wednesday for a partial summary judgment against Donald Trump in her $250 million lawsuit accusing the former president
Houses in England. Christopher Furlong | Getty Images News | Getty Images LONDON — The number of houses sold in the U.K. this year is set to reach the lowest annual figure since 2012, real estate company Zoopla found in its latest house price index released on Wednesday. The report shows an estimated 21% decline
When you’re in one of the various phases of the homebuying process, your actions in other areas could determine if you’re successful or not. For example, other types of purchases may appear to be unrelated, but they could negatively affect your mortgage application. “Lenders will review several factors when evaluating a mortgage application, including your
There are many ways to track home design trends. One of the best is considering what retailers are seeing specifiers and homeowners purchasing – especially retailers that cater to both professional and consumer clientele across the country, like the Ferguson Bath, Kitchen & Lighting Gallery chain and its Build with Ferguson website. Here are five
While going off to college can be an exciting experience, student will no doubt miss the creature comforts of home. And whether they’re living in a dorm room or in off-campus housing, college student will also appreciate tools to help make life more convenient or fun. These are the best gifts for college students. Keep
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of the world’s most indebted property developer China Evergrande Group plunged as much as 87% on its open on Monday, trading for
According to a story posted in the Wall Street Journal on August 24, several owners of WeWork’s secured debt totaling $1.2 billion are holding what were called “preliminary talks about the company’s restructuring options and indicated that they would support a plan for WeWork to file for chapter 11 bankruptcy.” However, the creditors who include
With so many fluctuations in today’s market, securing the right tenant has become crucial—they will be a source of cash flow for your investment and losing one could lead to short-term or long-term losses. This means you’ll want to carry out solid research before presenting any leases. You’ll also want to make sure the terms
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of previously owned homes dropped 2.2% in July from June to a seasonally-adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year.
High-rise tower buildings along the central Sheikh Zayed Road in Dubai on July 3, 2023. Karim Sahib | Afp | Getty Images Dubai’s luxury home prices surged by nearly 50% in the year up until June, maintaining its top ranking for the eighth consecutive quarter, according to a new report by Knight Frank. According to data
As the frequency and severity of extreme weather events, such as hurricanes, floods and wildfires continue to rise, it’s more critical than ever that commercial real estate (CRE) owners and operators prepare by developing proactive, resilient climate-related emergency strategies. While addressing climate change requires partnerships and coordinated action, front-end planning for severe weather and other
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