Recently, I had the pleasure of driving many one-way, gravel roads through the countryside to go to Keim Lumber in Charm, Ohio. Charm is very distinct, with more daily traffic from horses and bicycles than from automobiles. As I drove in, I was definitely charmed by the rolling green hills, the new sites, along with
Real Estate
Italy is divided into 20 administrative regions. The smallest is named Val d’Aosta. Have you ever heard a non-Italian yearn with desire to visit Val d’Aosta? Unlikely. They pine—instead—for strolling through Tuscan villages or hunting Piedmont truffles or cruising Campania coastlines on a Vespa or sipping Nero d’Avola wine in Sicily. Val d’Aosta? Few non-Italians
This summer, rising anxiety among homebuyers about apartment completion brought problems in China’s massive real estate sector — and worries about spillover to the rest of the economy — to the forefront again. Future Publishing | Future Publishing | Getty Images BEIJING — China’s struggling real estate sector could significantly drag down the economy and
Months before the pandemic struck, entrepreneur Joe Chura and his wife, Heather, closed on a snug mountain home north of Lake Tahoe. The Naperville, Illinois, couple fell in love with the area while vacationing. Their timing was impeccable. Designed by local architect Nicholas Sonder, the cedar-blad two-story was completed in 2019. Vance Fox As COVID
In this article ZG A for-sale sign in front of a home listed for more than $1 million on April 29, 2022 in San Francisco. Justin Sullivan | Getty Images Grocery shoppers aren’t the only ones who have to contend with the phenomenon known as “shrinkflation,” which is what happens when the price of something
Director Justin Lin sold his Downtown Los Angeles penthouse loft for $5.5 million on Aug. 19, making it the richest residential real estate condo deal closed in the L.A. Arts District and setting an area record of $1,279 per square foot. Compass Beverly Hills listing agent Justin Alexander said the sale is historic. “Built in
Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list price for the first time
Standing as homage to its history, a former water mill dating to the beginning of the 1600s is today an alluring estate equipped for modern living. Set in the Provence-Alpes-Côte d’Azur region in the sunny southeastern corner of France, its 3 hectares – about 7.5 acres – of landscaped parkland ensure privacy. A river runs
The Good Brigade | Digitalvision | Getty Images Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs. The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023, according to a recent housing
A collection of fine art photography by internationally acclaimed artist and musician Julian Lennon will be on display and for sale at the opening celebration of The Heritage – A Legacy Show Home, located in the gated Heritage Dunes community in scenic Seagrove Beach, Florida. The opening night soiree for Lennon’s photography will take place
A real estate consultant shows a condo to a prospective buyer in Miami, Florida. Joe Raedle | Getty Images After falling back earlier this month, mortgage rates began rising sharply again to the highest level since mid-July. That caused mortgage demand to pull back even further. Total mortgage application volume fell 3.7% last week compared
It’s rare these days that housing isn’t a headline in national and local news. There are affordability issues, caused by supply chain disruptions, lack of labor, regulation, and many other challenges, which means that creating solutions will take creative and focused collaboration. That focused collaboration happened on a project in the heart of the country
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices. That’s a weaker pace than in May of this year, which
More than 14 months after the shocking Champlain Towers South condominium tower collapse in Surfside, Fla., many condominium owners lack clarity about the role of condominium associations and owners in preventing future such tragedies. Efforts are underway in Florida to enhance the transparency and frequency of building inspections, particularly in older buildings near the coasts,
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022. “We shouldn’t be panicked about the level of household
Former “American Idol” producers Nigel Lythgoe and Ken Warwick listed their California winery for $22 million earlier this month. Warwick and Lythgoe bought the 160-acre Paso Robles property for $5.2 million in 2005. Originally, the investment property was supposed to include “American Idol” creator Simon Fuller, host Ryan Seacrest and judge Simon Cowell, Warwick said.
In this article TREE Mark Hunt | Disabilityimages | Getty Images Owning a home is one of the key ways to build wealth. But for aspiring Black homeowners, that can be a difficult milestone to reach, according to a new report from LendingTree. Research from the online loan market company finds the mortgage denial rate
Those who say it is more difficult to choose between two rights than two wrongs are correct—just look at the real estate market of Santa Barbara. The dramatic landscape of beaches, bluffs and hills stretches across the central coastal city, and impressive properties line many of its sought-after streets, making the decision of choosing one
Brian Snyder | Reuters The Federal Reserve chair Jerome Powell said on Friday there will be “pain” to come in the economy as a result of the central bank’s battle with inflation, and right now, small businesses are experiencing that pain on both sides of the fight. Inflation has been the No. 1 concern of
Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house. The simple arithmetic of home payments drives this decline. Imagine a family that owned a house an refinanced it in the summer of 2020, taking advantage of low mortgage
In this article VCSA Anyaberkut | Istock | Getty Images As Vacasa works to grow its share in the vacation rental market, the property management company is tapping longtime travel executive Rob Greyber to be its next CEO. Greyber, who led Expedia‘s Egencia division from 2009 to 2020, will succeed current Chief Executive Matt Roberts,
Pending home sales, a measure of signed contracts on existing homes, slipped 1% from June to July, according to the National Association of Realtors. Compared with a year ago, sales were down 19.9%. The figure, a future indicator of closed sales, has fallen for eight of the past nine months as rising mortgage rates made
As more and more branded residences launch across the globe, many of them tied to internationally-known hotel names, differentiating these offerings becomes ever more important – and difficult. One line of demarcation gaining traction centers on branded residences’ culinary offerings. There’s good reason for this fresh focus on gastronomy. A recent branded residences report from
An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in Miramar, Florida. According to two separate indices existing home prices rose to the highest level in 6 years. Joe Raedle | Getty Images Home prices declined 0.77% from June to July, the first monthly decline in nearly three years,
A spectacular three-level beach retreat on New Jersey’s Cape May offers stylish, laid-back living. Located on the beach block, the shingled five-bedroom home was built in 1920. While modernized over the years, many period details remain, including original millwork, built-in bookcases and double staircases. “This home is a contributing house to the historic preservation of
There has been significant coverage of the major health and climate-related components of the Inflation Reduction Act signed into law last Tuesday. One particular incentive offers both health and climate benefits – and is getting minimal attention. A program that can increase personal and planetary health at the same time deserves a closer look. Homeowner
The Good Brigade | Digitalvision | Getty Images Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June,
When you think of the Las Vegas Strip, images of an exclusive residential sanctuary may not be the first to come to mind, but that’s just what you will find at The Summit Club. The luxury golf community tucked in between the Las Vegas Strip and Red Rock Canyon National Conservation Area is where SkySummit,
Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors. The sales count declined to a seasonally adjusted annualized rate of 4.81 million units, the group added. It is the slowest sales pace since November 2015, with the exception of a
“We are a four-generation household,” said Jason Fitzgerald. Fitzgerald, 45, and his wife, Rachel Zack, 41, bought a house with Rachel’s parents Beverly and Arthur Zack, who are in their 70s, and Rachel’s 98-year-old grandmother Lillian, who goes by “Bubbie.” The home has six bedrooms, with five full and two half bathrooms. They all live
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