Prospective home buyers tour a model home at the PulteGroup Mirehaven housing development in Albuquerque, New Mexico. Sergio Flores | Bloomberg | Getty Images Consumers are feeling far more negative about the housing market this winter, as home prices continue to rise and now mortgage rates move higher as well. A monthly survey from Fannie
Real Estate
A no-reserve auction held late last month has resulted in the purchase of a mansion in the Doheny Estates neighborhood of Los Angeles for $6,526,000, or roughly 20% of the original listing. The sale comes on the heels of a record-breaking year for the Southern California housing market, where high demand and low supply fueled
In this article ABNB (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb Source: Airbnb In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. It’s hard to think of a more quintessential story in disruption than Airbnb — the company
Summerland is a classic California beach town with a village vibe and plenty of surf culture. This modern showplace, designed by Santa Barbara architect Richard E. Johnson and built in 1989, utilizes walls of glass, soaring ceilings and open-plan living space to take full advantage of the sloping hillside location. The curved corners of the
A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega. “I didn’t
The devastating line of tornadoes that tore across Kentucky and neighboring states last December, destroying lives and property, were not the last to strike the area out of season. Early January brought more twisters – along with additional structural damage, though far less than the pre-Christmas barrage and without loss of life. Are these unseasonal
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic. Timothy A. Clary | AFP | Getty Images The American Dream megamall in New Jersey, crippled by construction delays and stalled store openings, is running out
Stories of property values increasing by 5,000% over the last fifty years are not uncommon in states like California—in 1970, the statewide average home price was $24,300 and is as of early this year just under $800,000. Nevertheless, it is still shocking to hear of price increases like that of a recently listed home in
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are
The bathroom is a very intimate place. In the very contradictory world of sexy technology countering the fear of hyper surveillance, the bathroom seems like the last and final place for the internet of things to hang its towel. So, it’s rare for homeowners to chat about what happens between the four walls of the
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.
More than one-third (34.1%) of U.S. single-family homes for sale in December were new construction, up from 25.4% a year earlier and the highest share on record, according to real estate firm Redfin. Newly built homes have taken up an increasing portion of housing inventory over the last 10 years, with a major acceleration in
lvcandy | DigitalVision Vectors | Getty Images Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms. Real estate sales on the four major metaverse platforms reached $501 million in 2021, according to MetaMetric Solutions. Sales in January topped $85 million, the
The 2022 Kitchen & Bath Industry Show will return to Orlando on February 8, after going virtual last year. Given the links between home and health spotlighted by the pandemic – especially for these two crucial living spaces – wellness design will be a hot topic in its 450 exhibitor booths, educational programs and the
Next to Netflix, home renovation may have been the biggest stay-at-home play of the pandemic. From new home offices to expanded decks to basement gyms, homeowners have been upgrading and expanding their spaces at record rates for the past two years. That trend appears to be slowing down. After big projected jumps in the first
San Miguel de Allende’s vibrant culture and colonial architecture continue to attract retirees from the United States. Recently, however, more young families have chosen to call the charming city home in 2022. San Miguel de Allende is located about a three-hour drive from Mexico City at 6,135 feet above sea level in the state of Guanajuato.
If you’ve never equated Las Vegas with equestrian estates, well, then think again. This centrally located property sits at the base of Lone Mountain, about eight miles from Summerlin, Nevada. The more than 8,000-square-foot Hacienda-style luxury home occupies more than two acres along with pastures, a shock-absorbing riding ring secured with steel board fencing and
Anna Mascall pictured in front of the Easton, Pa., home she recently purchased. “To be able to say I own a home, I kind of did the American dream,” she said. Courtesy: Anna Lee Mascall After years of renting, Anna Mascall, 30, decided she wanted to buy her own home. Then the Covid-19 pandemic hit,
As home buyers continue to show an appetite for new construction in markets all across California, large plots of land capable of developing luxury estates in cities like Los Angeles, Santa Barbara and La Jolla have perhaps never been more valuable. Although rare, such sites occasionally hit the market, giving moguls and other deep-pocketed buyers
Citigroup is offering its vision for the future of flexible work with the release of new plans to transform its London headquarters. The Wall Street bank is to overhaul its iconic Canary Wharf Citi Tower — home to its U.K., Europe and Middle East operations — in a major bet on the continued relevance of
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