Svetikd | E+ | Getty Images Have the money to buy a home? If you follow through, it may not be money well-spent. For generations, Americans have thought of homeownership as a hallmark of success. Even today, 74% of U.S. adults say owning a home is a cornerstone of the American dream — ranking higher
Real Estate
Not traditional yet far from modern, contemporary interior design can feel like the best of all words. Audrey Scheck of Audrey Scheck Design tells me, “While modern design refers to a specific time period, contemporary design is a more loose term designating both current and future design trends. Contemporary design evolves as interior design trends
In this article BURL BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Burlington and a Bed Bath and Beyond store Getty Images Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part
Pottery Barn Teen and Pottery Barn Kids recently launched a collaboration with Rifle Paper Co that’s just the right mix of cheerful and charming. It’s what every contemporary design lover has been waiting for. Allison Spampanato, Senior Vice President of Product Design And Development for Pottery Barn Kids tells me, “Working with the team at
A house for sale, in escrow, in Laguna Woods, California. Scott Mlyn | CNBC Anyone out shopping for a home on the resale market knows the pickings are slim. They’re about to get slimmer. The number of homes for sale this month was actually 7% higher than June of last year, according to Realtor.com. But,
It’s no secret that there’s a housing shortage in the U.S. and there’s plenty of blame to go around for its myriad causes. These range from the homebuilding industry citing laws and regulations like California’s Environmental Quality Act (popularly known as CEQA), to immigration advocates pointing out a shortage of foreign construction workers exacerbating an
There are new signs of a resilient housing market and a home renovation rebirth with potentially bullish implications for three of our Club names. Shares of Stanley Black & Decker (SWK) and Caterpillar (CAT), whose tools and machinery are used in homebuilding, have been on the upswing in recent weeks. Additionally, after a lull in
A recent analysis reveals that homeowners pay nearly $15,000 a year in hidden costs. We’ve already covered why monthly mortgage payments are higher than anticipated because of such factors as property taxes, insurance, and issues revealed during the underwriting process. However, a new study by Zillow and Thumbtack reveals that utility payments and essential home
A “Sold” sign outside a home in the Toll Brothers Regency Ranch at Folsom housing community in Folsom, California, US, on Tuesday, May 16, 2023. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on
In this article AAPL TSLA META NVDA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla Inc. store in Beijing, China, on Wednesday, May 31, 2023. Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to
Investors and owners of commercial real estate portfolios are seeking new ways to add value to their assets, particularly as economic uncertainty dominates global headlines and daily decision making. Vertical integrators—real estate operators that have historically kept all operations from property acquisition to daily management under one ownership umbrella—are now looking to outsource the property
When marketing premium homes, real estate videos are king. From Instagram’s 30-second vertical videos that showcase properties to $40,000 estate films with storylines––moving image has become a preferred tool to engage qualified buyers. While video production is now democratized––anyone can create a short film or even a documentary on a cell phone using apps––real estate
Billions of dollars in federal funding from the Biden administration’s Infrastructure Investment and Jobs Act could be wasted because state highway and bridge projects are using an outdated government precipitation model to determine future flood risk, according to a new report from First Street Foundation, a nonprofit climate risk research and technology firm. The government’s
If you know what type of asset class you want to invest in and have found an opportunity, you’ll want to put together a business plan. This can include where the property is located, how you plan to improve it, and details related to the project. Once you have formulated the business plan, you might
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Six years ago, Amazon kicked off a sweepstakes-style contest in search of where to build a second headquarters. The competition drew bids from 238 states, provinces and cities vying to be the next anchor for the nation’s dominant online retailer and second-largest private employer. This
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT A folk artist paints eyes of a dragon on a dragon boat to prepare for the Dragon Boat Festival on May 27, 2023 in Dongguan, Guangdong Province of China. Vcg | Visual China Group | Getty Images This report is from today’s CNBC Daily Open,
As home inventory continues to fall in major metropolitan cities across the United States, the need for fresh housing supply has pushed a wave of new development projects, many of which are hitting the market now. Check out luxury new construction homes in four distinct markets currently available for $1 million to $4 million. Slifer
A sign is posted in front of a home for sale on June 09, 2023 in San Francisco, California. Justin Sullivan | Getty Images Sales of previously owned homes were essentially flat in May compared with April, according to the National Association of Realtors. They rose 0.2% to a seasonally adjusted, annualized pace of 4.30
Summer has officially arrived. It’s time for beach days, pool afternoons, and lots of outdoor entertaining. Second to the food, the most important element of this is the tablescape. It adds to the dining experience and sets a mood. Fortunately, creating a beautiful, Pinterest-worthy tablescape isn’t as challenging as it looks. Here’s how to design
A real estate agent shows a prospective buyer a home as he shops for a house in Coral Gables, Florida. Joe Raedle | Getty Images The average rate on the most popular mortgage, the 30-year fixed, fell for the third straight week, but demand for mortgages didn’t move much. Total mortgage application volume increased 0.5%
Forbes Global Properties Woodstock Ranch in Santa Ynez, California, is a private equestrian community offering peaceful country living within some 2,400 acres. Old-growth oak trees dot hillsides green from the winter rains. Spring brings bright patches of wildflowers. Cattle meander lazily in the summer sun. For some homeowners, whose parcels range from about 20 to
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT When Amazon first announced plans for a second corporate headquarters in 2017, it set off an epic bidding war. Virginia beat 237 competitors to win the project, and when it finally opened last week in the Crystal City section of Arlington, Virginia Gov. Glenn Youngkin
Owning a second home or vacation property can sound enticing. But it can also be very expensive, both in terms of time and money. There are also hidden costs associated with owning a second home. For some individuals and families, buying a vacation home makes a lot of sense. It’s comfortably affordable and the home
Boxing rings. Maker spaces. Recording studios. Not long ago, new multifamily building residents were wooed by cutting-edge lifestyle features like these and others. But that was before a work-from-home revolution flipped the amenity quest on its head. Given the need to be as productive from home as they had been in the office, residents began
In this article 8001.T-JP 8058.T-JP 8002.T-JP 8031.T-JP 8053.T-JP BRK.A Follow your favorite stocksCREATE FREE ACCOUNT General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Hector Retamal | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open
Ethan Miller | Getty Images News | Getty Images Mortgage rates are likely to remain high despite the Federal Reserve’s pause on interest rate hikes. While that may be good sign for fixed-income funds in California, the pause is a blow to affordable housing in the state, said Fiona Ma, California state treasurer, during the
How a retired Pennsylvania couple changed the lives of hundreds of struggling residents of affluent Chester County by challenging inflated real estate tax assessments on their mobile homes. Chester County, Pennsylvania, with its rolling farmland and proximity to both Philadelphia and the corporate haven of Wilmington, has the highest median income (nearly $110,000) and percentage
There’s no doubt been a change in the way people work post-Covid, and many firms are embracing hybrid schedules. In certain sectors, this shift from remote to in-person has stirred demand for work areas. As WeWork’s Chief Revenue Officer Ben Samuels mentioned in a Yahoo!Finance interview, there’s been a real scramble for space in some
Westend61 | Getty As interest rates have climbed, homebuyers have been confronted with higher borrowing costs. That has led more home purchasers to opt for one strategy, purchasing mortgage points, as a way to defray higher monthly payments. Mortgage points let buyers pay an upfront fee to lower the interest rate on their loans. In
CNBC’s Jim Cramer on Friday said he feels the Federal Reserve needs to be transparent with its plans, especially in the wake of restaurant chain Cava‘s highly successful IPO, which he believes is a sign the market is heating up. Cramer thinks a prosperous IPO market could lead to an influx of money on Wall
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