This month, Village Properties marks its 25th Anniversary as Santa Barbara’s leading locally-owned independent brokerage. It’s been an upward trajectory for the company since it was founded in 1996. As of August 2021, Village properties has sold $1.8 billion worth of real estate across 12,000 transactions. Last year, the brokerage held a 16% market share. That’s quite
Real Estate
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Christopher Pike | Bloomberg | Getty Images Abu Dhabi’s property market is showing signs of steady growth, as the oil rich capital of the United Arab Emirates recovers from the deep blows of the coronavirus pandemic.
Kellie Rastegar is Co-Founder and Creative Director at Rastegar Property Company. Without question, affordable housing has caused contention across all classes. According to “The State of the Nation’s Housing 2021” report (subscription required), homebuyers and homeowners are currently divided into different categories. One category is rushing to purchase a home from savings acquired during the pandemic,
Christy Gentry and her husband have been dealing with California’s wildfires for the past four years. In 2017, the couple evacuated their Santa Rosa home for three weeks. In 2019, they were forced to cut a trip to Hawaii short and get their animals and stuff out of their house as a fire approached. “It
Having left their hearts in San Francisco during the depths of Covid, people are returning to the City by the Bay. Lots of them have been drawn by the rebounding sense of normalcy afforded by the city’s comparatively high rates of inoculation. Many have also been lured by a renewed focus on what might be
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the
As part of a broadly diversified investment portfolio, passive real estate makes sense for many near retirees. Some are folks who own income-generating rental properties, for instance. They enjoy the cash flow, but are past the life stage where they’re okay with phone calls at 3 a.m. from tenants with HVAC issues. Others don’t own
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Anyone searching for a home today knows full well the pickings are slim. The supply of U.S. homes for sale is near a record low, and the gap
CEO and Founder of L.A. Property Management Group and Crown Commercial Property Management. Researching the credit of rental applicants is essential to choosing the most qualified tenant for a unit, now more than ever. Credit can’t tell you everything you need to know about an applicant, but historically, it has provided important information in the selection process.
People queue to undergo nucleic acid testing for the Covid-19 coronavirus in the city of Ruili which borders Myanmar, in China’s southwestern Yunnan province on July 5, 2021. STR | AFP | Getty Images China’s zero-Covid approach could worsen the debt situation of the country’s companies, some of which are already in financial distress, says
The real estate market was thrown into a tumultuous state when the Covid-19 pandemic struck. Between people losing work and being afraid or unable to move, the year in lockdown made a significant impact on the market. Even as life regains a sense of normalcy, there are several factors that will continue to impact housing
Everything’s coming up roses for the Shubert Organization. As the Broadway landlord begins to reopen its 17 Broadway theaters for the first time in 18 months during the COVID-19 pandemic, it will also receive more than $82.3 million from a blockbuster real estate deal. Shubert recently agreed to sell two vacant lots on Eighth Avenue
GeorgePeters | Getty Images The number of borrowers in both government and private sector Covid mortgage bailout programs is falling fast, but for those still in trouble, the future is not as bleak as originally thought. Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a
courtneyk | E+ | Getty Images The end of eviction protections combined with the snail-paced distribution of federal rental assistance means that the struggles for renters aren’t going away anytime soon. More than 6 million households remain behind on rent payments, a figure that has only worsened of late, despite an unprecedented allocation of funding
For golfers, there’s nothing more ideal than hitting the links bright and early. That’s easy to do on these 18 hole-adjacent properties from Bigfork, Montana, to Benahavis in Spain. Modern golf villa in Spain Location: Malaga, Benahavis, Spain Price: $11.28 million (EUR 9.5 million) The clean-lined design conceals a central courtyard with a reflecting pool and sunken
Although the bubbling thermal spas have long been an attraction, it is was the frequent visits of French Emperor Napoleon III that put Vichy, France, on the map in the second half of the 19th century. It was during this time – characterized by industrial expansion and the rise of Impressionism – that a Neo-Louis
In this article URW-NL People walk near the sight of Ground Zero and the Freedom Tower on the day that the United States officially ended its participation in the war in Afghanistan on August 30, 2021 in New York City. Spencer Platt | Getty Images Jay Neveloff recalls sitting in his office on 55th Street
Aerial views of the $500 Million dollar mansion dubbed “The One” in Bel Air, California. Google Earth A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known
Josephine Gotianun-Yap is plowing ahead with growing her family’s diversified company despite a drag from the pandemic. In August, Filinvest Development president and CEO Josephine Gotianun-Yap made the gutsy call to go ahead with its listing of a REIT, into which it was injecting 17 office towers from its subsidiary Filinvest Land. At $236 million, Filinvest
Here’s a tip of the 10-gallon hat to the American past. This retreat in Bigfork, Montana, draws on the heritage of the Old West with its rugged chinked-log construction. But beyond the exposed beams and reclaimed wood, the log cabin home is all new West – and a modernized model for western living today. The
Daniel Acker | Bloomberg | Getty Images Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. It was at the lowest level
Dave Panozzo is the co-founding owner of The Panozzo Team-HomeSmart, a real estate team in Phoenix, Arizona. Can you imagine how frustrating it is to be a buyer in this sellers’ market, continuously having your offers on multiple listings beat out? This may have happened to you recently, especially if you happen to be a first-time
Westend61 Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey. That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25 to 40 years old). To that point, 55% of Gen X renters and 52%
Best-selling mystery novelists Jonathan and Faye Kellerman are preparing to write a new chapter in Santa Fe, New Mexico, where for their custom home is on the market. The contemporary Pueblo-style dwelling is listed for $2.595 million. Perched on a ridge, the earth-tone stucco house sits on a nearly three-acre lot with views of the
The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record pace. The median price for an existing home reached over $363,000 in June 2021, a 23.4% year-over-year increase. “You can see in just basically the last 15 months or so, we’ve seen
A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020. Erik McGregor | LightRocket | Getty Images New York State lawmakers have voted to extend an eviction
Like nearly every industry, the Covid-19 pandemic has rattled the commercial real estate (CRE) sector. As businesses reopen, owners are being forced to make tough decisions, such as whether or not they should continue to rent office space. Consequently, landlords and other CRE investors may see a continued impact on their revenue stream. As experts
When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how a top-producing mother and her real estate agent daughter recently collaborated on a record-setting transaction on Gem Island in Indian River Shores, Florida. A sculptural staircase runs through the heart of the
The CEO of real estate brokerage Redfin told CNBC on Friday he believes there has yet to be a serious reckoning among U.S. homebuyers about the dangers climate change presents. “The buyers just keep marching into the jaws of destruction,” Redfin’s Glenn Kelman said in an interview on “Closing Bell.” Wildfire season in the American West is
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. In early July 2021, Fannie Mae confirmed something that most real estate professionals already knew: Buyers and sellers are currently on a very different page. Over half of buyers (64%) think it is now a bad time to buy.
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