Supply constraints are driving up property prices and rents in Singapore, the chief executive officer of a real estate company said Friday. “You can see a massive gap opening up between demand and supply,” said Hari Krishnan of PropertyGuru. Singapore introduced measures to cool the property market in December 2021, but analysts told CNBC in
Real Estate
The most populated and third largest island in the tourist-friendly Turks and Caicos chain is Providenciales, a 38-square-mile isle known for its turquoise waters, powdery sand beaches and superb scuba diving. On its south coast is the peaceful and quiet Turtle Tail neighborhood, which occupies a narrow peninsula and takes in some of the best
valentinrussanov | E+ | Getty Images The housing market is hot right now — if you’re a seller. Buyers, on the flip side, are having a harder time finding homes. Americans are aware of the struggles they face in buying a home. More than 70% of U.S. adults believe the housing market is currently in
In 2018, the United Nations officially designated June 3 as World Bicycle Day, a 24-hour period earmarked for celebrating the beloved two-wheeled conveyance all over the planet. It’s on this day that earth’s inhabitants are encouraged to applaud the bicycle’s uniqueness and versatility, as well as its sustainability as a means of transportation. In New
The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts. Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller
The real estate refresh continues as new data suggests the housing market hit a turning point in its supply struggle in May. The inventory of active listings has returned, recording the first year-over-year increase since June 2019, according to the Realtor.com monthly housing trends report released today. At the same time, the median national home
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News
With America’s infrastructure challenges and acute housing shortage demanding solutions, is it possible standardization may provide a few of the answers? Some leading design industry observers believe so. They are convinced standardization and repeatability when combined with the ability to produce all kinds of buildings and taken to warp speed just might be game changers.
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. Applications for a mortgage to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s
Lots of architectural efforts seek to generate the next big breakthrough or start the next cutting-edge trend. But in many, it’s also important the design of new projects respect the heritage and culture of the settings in which they will be located. Displaying a reverence for history and the authentic legacy of a region is
A sold sign sits outside a home. Adam Jeffery | CNBC Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is higher than the 20% gain in February. The index
Lieutenant Commander Landon Jones was killed on September 22, 2013, when his helicopter crashed into the Red Sea. He was based out of Naval Air Station North Island in Coronado, California, where his widow Theresa and sons Anthony and Hunter still live. LCDR Jones, along with Chief Warrant Officer 3 Jonathan Gibson who died in
William_potter | Istock | Getty Images With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume was up 26% in March, according to data
It’s hard to put a dollar value on privacy. But for those who crave it, priceless would be a good place to start. In fact, privacy is ranked as just as important in home buying as proximity to family and friends in a 2022 trend analysis by John Burns Real Estate Consulting. At the very
The $28.5 million mansion that recently hit the market in Boca Raton, FL located at 2633 Spanish River Rd. Danny Petroni Ultra-high-end real estate in Boca Raton, Florida, is on a stratospheric rise, breaking record sale prices every year for five consecutive years. And the price per square foot of the town’s top-end homes is now
Several American cities are experiencing a renaissance because they are redefining themselves with new attractions. As it turns out, attractions that draw people include music, theater, museums, galleries and gardens: in other words, the arts. Until very recently, Fayetteville, North Carolina, was best known as the home of Fort Liberty, previously called Fort Bragg. One
Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images A judge on Friday dismissed a federal lawsuit by former President Donald Trump that
The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin, a technology-powered real estate brokerage. Price drops are becoming increasingly common, particularly in hot migration destinations. In Boise, Idaho, where home prices are up 62% in the past two years, 41%
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Americans are dealing with a period of rapidly rising interest rates for the first time in years. The Federal Reserve on Wednesday released the minutes from its latest meeting, showing that the central bank plans to deliver more 50 basis
Pending home sales slipped in April as contract activity decreased for the sixth consecutive month, the National Association of Realtors reported. Only the Midwest saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity. The Pending Home Sales Index (PHSI), a
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