A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Home prices in May rose for the fifth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during the month.
Real Estate
The Sunshine State is an incredibly diverse state in multiple senses of the word, one of them being the diversity of wealth depending on which city you’re located in Florida. Income inequality in Florida is higher than the national average, with incomes varying widely from locality to locality. In recent studies, we analyzed and identified
“Nearly half of U.S. tap water has PFAs: Here’s Why ‘Forever Chemicals’ Are Dangerous,” read the July 6, 2023 Forbes.com headline from breaking news staff writer Molly Bohannon’s article. If headlines could shout, this one would surely assault eardrums around the country. Bohannon covers the many known serious health risks in her article and the
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
Tourists at the Bund on July 11, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Chinese stocks soared Tuesday as Beijing pledged to ramp up measures to bolster China’s sputtering economy. Hong Kong’s Hang Seng Index surged more than 3%, China’s tech-heavy ChiNext rose 1.8% and the Shanghai Composite Index increased
When a building owner and a tenant sign a lease, the second to last step usually consists of the tenant’s signing the lease and returning it to the owner. Then the owner countersigns and returns the countersigned lease to the tenant. Each party puts the fully signed lease in their file and the parties go
Climate change is not a distant threat, but a present danger that is already wreaking havoc on our lives and homes. From devastating floods to scorching heat waves to raging wildfires, homeowners need to prepare for the consequences of our warming planet. Preparing for these challenges requires investments at both the household and government levels.The
“The fear of interest rate increases has influenced people’s thinking — it’s not just the homeowners, it’s new buyers who wanted to get in before the interest rates went up even more,” says Robert Shiller, professor of economics at Yale University. Bloomberg | Bloomberg | Getty Images A decade-long rally in U.S. home prices could
China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy. Str | Afp | Getty Images China is ramping up measures aimed at boosting its economy ahead of
The highly-anticipated Barbie movie is finally out and it’s fair to say it’s one of the most influential films of the year. So it’s not a surprise that Barbiecore is one of the most talked about aesthetics in the home space right now. Pink is back in a major way and people love this bright,
Taking out a loan for a real estate investment may seem tougher than ever—especially for those new to the game. In the wake of three bank failures, rising interest rates, and a contraction of credit among lenders, clearly there are additional challenges in today’s market. In early 2023, Silicon Valley Bank collapsed, followed closely by
Roll the opening credits of the 1969 John Wayne classic True Grit and you’ll see a scene largely unchanged today. It’s the rugged barn and old school at a ranch for sale in Placerville, Colorado. The San Juan Mountains stretch along the distant horizon. Called True Grit West, the scenic property encompasses 336 acres on
The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images After a pause last month, experts predict the Federal Reserve likely will raise rates by a quarter of a point at the conclusion of its meeting next week. Fed officials have pledged not to be complacent about the rising cost of
When property owners want to build anything, they need to get a building permit. For many projects, they often also need to get a potentially wide range of discretionary approvals from municipal authorities. Those permits and approvals often require a developer to deliver a range of “community benefits” in exchange, which can entail a protracted
Lucy Lambriex | DigitalVision | Getty Images Despite a sizeable elderly and disabled population in the U.S., there is not enough affordable housing to accommodate those individuals. “For millions of Americans, adequate housing is more of an aspiration than a reality,” said Sen. Bob Casey, D-Pa., who serves as chairman of the Senate Special Committee
At this point, the U.S. housing crisis is well documented. The nation is short some 6.5 million homes, and developers can’t seem to build fast enough to meet the demand. Experts expected rising interest rates to exacerbate the housing shortage by stalling development activity and further throwing off the housing supply-demand pendulum—but in May, there
Country artist Trisha Yearwood is saying goodbye to her Southern manor home in Nashville. Listed for $4.5 million, the home is located in Nashville’s upscale Brentwood neighborhood—just 10 minutes from the city’s iconic Music Row. Yearwood fans might recognize parts of the home, namely the kitchen, from her Food Network cooking show, “Trisha’s Southern Kitchen.”
Major property owners have been walking away from prominent office buildings from coast to coast. Those owners have seen their revenue drop because of tenant departures and decisions not to renew leases. The income from the building can’t cover debt service. The owners could choose to write checks from other sources to keep their loans
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors. Compared with June of last year, sales were
Many first-time visitors to the West London district of Notting Hill arrive with a handful of preconceptions grown from a passing familiarity with the Portobello Road Market, the annual Notting Hill Carnival or the 1990s romantic comedy that bears its name. Not all presumptions are inaccurate, however, and in the case of Notting Hill, these
What began in Miami three years ago as a pandemic-era effort to indulge in as much outdoor recreation as possible soon gave way to an enormous upsurge in the number of well-heeled Miamians owning boats. But as big-ticket expenditures tend to do, that luxurious indulgence soon generated the need for yet another creature comfort. After
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