Just in time for Palm Springs’ signature event―Modernism Week―a 1956 post-and-beam desert home has come to market for $2.2 million. Located in the city’s Deepwell neighborhood, the glass-rich 3,734-square-foot residence represents precisely what the famed Palm Springs week celebrates: classic midcentury architecture and design. In the four-bedroom home, which starts with walls of glass overlooking
Real Estate
New homes at the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Chicago realtor Jeremy Fisher headed to Florida after Christmas counting on five mostly-relaxed weeks, after a slow second half of 2022 left him with a
SDI Productions Despite the cooling market, many homeowners made money selling their property in 2022 — and part of that windfall may be taxable. Home sellers made a $112,000 profit on the typical sale in 2022, a 21% increase from 2021, and a 78% jump from two years ago, according to ATTOM, a nationwide property
Preserving the historical charm of a period property is a skill which is often overlooked and one which brings depth and soul to a residential space. In the case of property investment and development company Obbard, and design expert Kate Watson-Smyth, this was a critical factor in the recent redesign of No.1 St James, a
Meganne Wecker is truly one of a kind. In the grand scheme of the furniture industry, there are very few brands that manufacture in the United States, particularly outside of North Carolina. There are even fewer that are run by female executives. But that’s what makes Meganne Wecker a true unicorn. She is the president
There’s a lot to be said for living on a peninsula. The quiet residential streets of the Palos Verdes Peninsula, south of Los Angeles, take in views up and down the Southern California coastline as well as that of Santa Catalina Island. Among the four hillside cities on the landmass that juts out into the
“I literally know when I walk in the front door,” says Adrienne Arsht, discussing how she knows when she wants to buy a property and the multiple high-profile transactions she has been involved in over several decades. Arsht spoke from her home in Chevy Chase, Maryland which she purchased for $10 million in 2020, down
London’s Hyde Park Square is a restful sea of green surrounded by residential buildings. Reserved for the exclusive use of residents, the gated plot of mature trees, lawn, benches and pathways offers a welcome respite for those seeking a private open-air spot to take in a pleasant day. Set within the Hyde Park Estate, a
If some early businessmen had their way, Newport Beach would have become a commercial port. Thankfully, it didn’t. Better plans emerged for the Southern California community known for scenic beaches and epic waves. Developers quickly realized that building homes within steps of the beach would be far more valuable. The tony neighborhoods that sprang up
Topline Prospective home buyers are once again starting to shy away from buying a house as stubbornly high inflation readings push mortgage rates to the highest level since November—spurring a renewed slump in home-buying demand as experts caution the housing market’s recovery will be highly contingent on how quickly the economy can tame rising prices.
As a general matter, communications between attorneys and their clients are “privileged,” meaning they don’t have to be handed over to the other side in litigation relating to the matters covered in the communications. That process of combing through and handing over (or refusing to hand over) documents is called discovery. Wars over discovery often
Few neighborhoods exude more exclusive cachet than Malibu. Homes in the town behind the gates at Malibu Colony Estates, also known as the “original Malibu,” raise the bar even higher. Throw in a brand-new custom-built contemporary home, and you have a $35 million property that stands apart from any other. How often do new-builds in
Heading into the pandemic, lots of commentators said that retail and especially shopping malls were dead or dying. They were buried by ecommerce. They would never come back. People also said the pandemic moved that process along even faster than before. Today, however, the story has changed. Retail vacancies have dropped substantially. Retail seems to
The fast-approaching spring home shopping season should feel a bit calmer than in recent years. Shoppers can expect competition for well-priced homes, but without the crowds of buyers that packed open houses like they did in 2021 and early 2022, according to a new Zillow analysis. “Affordability will still be a challenge for many buyers
Nestled north of Miami between Aventura and Hollywood, about 20 minutes from Fort Lauderdale-Hollywood International Airport, the quiet 4.4-square-mile coastal town of Hallandale Beach is having its moment. A cool billion dollars’ worth of new development is ongoing in the city, reports the Hallandale Beach Community Development Agency. Along with its popular sandy beaches, acclaimed
The proposal passed the House but failed in the Senate in 2009. The Obama administration said they supported it but they didn’t fight for it. President Obama’s Treasury Secretary Timothy Geithner was “lukewarm” about the legislation, according to Politico at the time. Years later, however, Geithner said not having it was a top policy constraint
The Washington D.C. residential neighborhood known as Capitol Hill is considered a prime place to live with its 19th-century row houses, lively dining scene and famed Eastern Market—not to mention the historic landmarks, parks and seat of government. So what a find to discover new construction among the older dwellings. Recently built from the ground
Roughly one-third (31.2%) of home purchases were paid for with all cash in December, according to a new report from Redfin, a technology-powered real estate brokerage. That’s up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November. The share of homes bought with cash remains elevated above pre-pandemic
Major tenants sometimes have special requirements that require discretionary government approvals. If the approval doesn’t happen, then the tenant no longer wants the space. In these cases the tenant and the property owner will often negotiate to give the tenant the right to terminate the lease if the approval doesn’t come through. Recent litigation in
America’s homebuilders are growing more bullish as buyer demand picks up, driven in part by slightly lower mortgage rates. Homebuilder confidence in the market for newly built single-family homes in February rose 7 points to 42, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This is the highest reading since September
Topline The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and forecasts calling for substantial declines in home prices—further clouding the outlook for real estate investing but a positive development for potential home buyers looking to reap the benefits of falling housing prices. Key Facts