Real Estate

Poorer neighborhoods are hotter than wealthier ones. That’s the overriding finding from the New York City component of a national project to map urban heat islands. Scientists have long known that urban areas generate heat, but until now they’ve not been able to map them street by street. On a searing summer day in New

This Gordon Kaufmann-designed home on L.A.’s Westside has deep roots in local history. One of the first properties ever built in Bel-Air, the trophy estate dates to the 1920s when contracting and engineering company owner Arthur S. Bent and his wife Eliza commissioned the architect to design their new home. At the time, the London-born

David Paul Morris/Bloomberg via Getty Images Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods and services. It jumped 6.8% in the year through November 2021, the largest annual spike

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report for the third quarter of 2021. The report shows homeowners with mortgages—which account for roughly 63% of all properties—have seen their equity increase by 31.1% year over year, representing a collective equity gain of over $3.2 trillion, and an average

In this article 3333-HK An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent. Late Thursday, Fitch Ratings said Evergrande had not confirmed payment of its

While border closures resulting from COVID have slowed Australian property sales to international buyers, experts predict that the luxury market may perk up in 2022 as travel restrictions relax and ex-pats return to the country.  “Travelers from New Zealand and Singapore who are inoculated against Covid-19 will be able to enter New South Wales and

A real estate agent shows a home to a prospective buyer in Miami. Getty Images A brief drop in mortgage rates, due to the first news of the omicron variant, caused mortgage refinance demand to rise dramatically last week. But it will likely be short-lived. The rate drop wasn’t all that dramatic when looking at

Though a white Christmas might be on some folks’ wish lists this year, it’s certainly not on everyone’s. While some may be willing to pay a premium to live in an area sure to get plenty of snow each year, others might be willing to pay a similar premium for none. To determine how expensive

Kaisa Group Holdings City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021 Qilai Shen | Bloomberg | Getty Images Trading in shares of Chinese real estate developer Kaisa was halted Wednesday for the second time in two months, as troubles in China’s property sector resurfaced this week. The developer had been

Ultimate synergy is on display in the Arizona desert as Dale Chihuly marries his glass sculptures to nature and architecture at Phoenix’s Desert Botanical Garden and in Scottsdale at Frank Lloyd Wright’s Taliesin West. Open to the public now through June 19, 2022, Chihuly in The Desert showcases a remarkable confluence of American art and architecture set

In this article 3333-HK A housing complex by Chinese property developer Evergrande in Beijing. Noel Celis | AFP | Getty Images Evergrande is set to forge ahead into a restructuring that would include all of its offshore public bonds and private debt, according to analysts. The troubled real estate developer, swamped by $300 billion of

The striking blue waters edging Camp de Mar, on the Spanish island of Mallorca, have a mesmerizing quality. The quiet resort village is known for its sun, sand, beaches and sheltered coves. It’s also a celebrity and glitterati hotspot. This modern two-house compound is set on the water with direct access to the Balearic Sea.

Daniel Acker | Bloomberg | Getty Images Home prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally starting to ease up. Home prices rose 19.5% in September year over year, down from a 19.8% annual gain in August, according

It’s no secret that Charleston, South Carolina, is fast-becoming one of the world’s most popular cities. The Holy City continues to top lists across the globe as one of the best places to live, and recent forecasts project the housing market in Charleston to be among the top ten in the U.S. for the next

Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when the pandemic hit early last year, shutting down vast swaths of the economy. The bailouts allowed millions of homeowners to miss payments, some for up

Do you want more out of your career and life in 2022? Here’s a huge secret any successful salesperson will tell you: Nobody at the top is winging it. Nobody making huge sales is waking up each day without a plan. The clients and money and opportunities you want are not coming to you—EVER. It’s

If you want to buy a house in the next year, be prepared to save up and act fast. The housing market has been red hot for the past 18 months, with buyers sometimes opting to skip many of the traditional strappings of the process, such as appraisals, inspections or even seeing the house in-person

The much-anticipated Aston Martin Residences in Miami achieved another milestone this week with the topping out of the 391-unit building, bringing it one step closer to expected completion in 2022. Located in downtown Miami, it is the first residential project for Aston Martin, who was tapped by developer G&G Business Developments to create the design

courtneyk | E+ | Getty Images With soaring home values, many sellers expect a sizable profit when listing their property. However, capital gains taxes may put a damper on their windfall.  Home sales profits are considered capital gains, taxed at federal rates of 0%, 15% or 20% in 2021, depending on income. The IRS offers

Shopping for a new home in late November most likely gave frustrated buyers little to be thankful for as demand for homes continued to outpace supply. The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin, a technology-powered real estate brokerage. During that period,