One could easily mistake this Mediterranean villa for a grand property set along the Italian Riviera: Sea air, towering cypress and a driveway lined with olive trees. Yet the location is not coastal Liguria but Montecito, an affluent community in Southern California known as the American Riviera. Enjoying panoramic vistas of the ocean and sheltering
Real Estate
Little St. James Island, one of the properties of financier Jeffrey Epstein, is seen in an aerial view near Charlotte Amalie, St. Thomas, U.S. Virgin Islands July 21, 2019. Marco Bello | Reuters An investment firm led by the billionaire Stephen Deckoff has bought two private islands in the U.S Virgin Islands previously owned by
The Federal Reserve Bank building Kevin Lamarque | Reuters The Federal Reserve raised the target federal funds rate by another 0.25 percentage points on Wednesday. This marks the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Even though the Fed’s rate-hiking
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Mortgage demand from homebuyers has been erratic to say the least during the usually busy spring housing market. That is likely because today’s buyers are hypersensitive to mortgage rates, which have been fluctuating widely week to week but
Although much of the news surrounding name, image and likeness focuses on one-off deals with national brands and lots of zeroes, the lasting impact of NIL will be how it changes a student athlete’s career beyond sport. After successfully running a program with BYU student athletes last year, Keller Williams is now expanding its unique
While builders struggle to bring new housing online, the rest of the country’s housing stock is aging. Of the approximately 124 million housing units, the ABC Collaborative counts more than 21 million single family homes that were built before 1980 that need a retrofit, spurring a huge new industry focused on energy improvements. Energy retrofits
A “For Sale” sign outside of a home in Atlanta, Georgia, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After cooling for the better part of last year, home prices are on the rise again. A sharp drop in new listings, adding to an already meager supply of homes for sale, is leading
In recent years, the Land Back movement has been gaining momentum in California and beyond, rooted in the longstanding struggle for Indigenous sovereignty, the return of ancestral lands, and the recognition of Indigenous peoples’ inherent right to self-determination. Prior to European contact, California was home to over 100 distinct Indigenous nations, each with their own
The observation that “Water is life,” attributed to UNICEF Goodwill Ambassador Audrey Hepburn, expresses its importance to human survival. We need clean water to drink and to wash our hands to deter germ spread. But water can also enhance our health as part of our home environments, and is an increasingly popular architectural feature for
Experts predict the Federal Reserve likely will approve a quarter-percentage-point interest rate increase this week. This 0.25 percentage point hike will mark the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Consumers are now paying more to borrow while still
Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times that U.S. banks are packed with “bad loans” that will be vulnerable as “bad times
After a midseason move last year to the New Orleans Pelicans, NBA player Larry Nance Jr. is looking to trade away his Lake Oswego home. The former Portland Trail Blazers power forward is asking for $2.1 million for the Oregon property, which sits some 20 minutes south of downtown Portland. Nance joined the Trail Blazers
It’s a dilemma many of us have had. We’re starting to experience back pain or we have an old mattress that needs to be replaced and begin the search for a new one. But buying a new mattress can feel like a challenging process, especially if going to a store and trying it personally isn’t
If you’re planning to remodel or expand your home next year, there will likely be an incredibly sleek new option available for operating your lighting and technology controls. Hypertouch has been showcased by its patent holder, surfacing manufacturer Iris Ceramica Group, at several design industry trade shows in the U.S. and Europe, and is currently
While a home with exceptional architecture showcases the great creative and innovative strides that humankind can achieve, a home with exceptional views showcases our limits—after all, there is perhaps no greater architect than mother nature. Of course, truly superlative homes are those that combine the best of human and natural designs or, as famed linguist,
The central Mexican hill town of San Miguel de Allende is known for its rich mix of historic architectural styles. The same could be said of a luxury complex in the inland town about 170 miles northwest of Mexico City. Casa Opera, as the home is called, is located in the Frailes neighborhood. It was
When cosmetics mogul Elizabeth Arden purchased hundreds of acres in rural Maine for her summer estate-turned-spa she probably didn’t think it would become a haven for veterans with missing limbs, but that’s exactly what retired Army Staff Sergeant Travis Mills thought when he purchased the property in 2015. Mills, who lost all four of his
Jenni Kayne sold her Santa Ynez Ranch this week for $6 million. The Los Angeles-based designer bought the 20-acre property in September 2020 and spent two years infusing the home with the signature style, neutral color palettes and natural materials that has made her skincare, clothing and home-offering lines famous. Kayne said the renovations were
This Mediterranean villa for sale in Bordighera, Italy, is in a location fit for a queen. The specific queen who made her official winter residence along the sea here was Queen Margherita of Savoy. Tall in stature, highly educated and with an ability to turn on the charm, the naturally inquisitive blonde served as the
Beverly Hills architect Arthur Froelich designed racetracks. Phoenix businessman Herbert Owens managed a few racetracks during his wide-ranging career. The two came together for a novel project in the late 1970s that had nothing to do with racetracks and everything to do with Owens’ quest for a standout hillside home. He wasn’t disappointed. The midcentury
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters The average price for a house in the Hamptons hit a record $3 million in the first quarter, highlighting a shortage of trophy beach homes for sale and the resilience of wealthy buyers. The average sales price in the New York
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