While most interior designers source the majority of items for their clients from showrooms that are open exclusively to the trade—they also shop retail as well. This is particularly true in a post-Covid world, where shipping delays and supply chain issues are still a part of life. Projects have deadlines and budgets. So professional designers
Real Estate
In December 2022, $1,981 was the typical monthly rent in the United States — a 7.4% increase from the year prior. But while rent has begun to stabilize nationwide, rent affordability remains difficult for many Americans. “There’s literally nowhere in the country where a tenant is not burdened by their rent,” according to Leah Simon-Weisberg,
Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Mortgage rates are high and volatile, homes are still pricey, and inflation is not in check, but, even so, the nation’s homebuilders are starting to feel better about their business. A
A report by global design firm Gensler recently reported planet Earth can sidestep global climate catastrophe only by slashing greenhouse pollution 45% by 2030 and 100% by 2050. The figures Gensler cited were from Architecture 2030, an organization whose mission is to “rapidly transform the built environment from the major emitter of greenhouse gases to
Brandon Bell | Getty Images Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent survey from Zillow finds 84% of first-time home sellers wish
Solar can be intrusive. Many of the current systems have bulky equipment that takes up a lot of space and that can be considered unattractive even to the point that some homeowner associations actually ban them. But it isn’t just vanity driving that call, it’s also the use of space. In many cases there isn’t
Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates. Total application volume rose 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.71%
The one-time Santa Monica, California digs of singer-song writer and Rock and Roll Hall of Famer Jackson Browne and his actress partner Daryl Hannah just hit the market for $22.5 million. Known as The Witbeck House, the property is a prime example of American Arts and Crafts style architecture. Influential early 20th Century American architects
The quote in the headline from Dunder Mifflin regional manager Michael Scott, played by Steve Carell on the sitcom The Office, seems to be the philosophy many investors have adopted when it comes to the New York City office market. As a result, 2022 was an active year for office sales with dollar volume citywide
Fans of Bruce Willis were surprised to learn last month that the 67-year-old actor was diagnosed with dementia. We tend to associate this condition with much older individuals and with Alzheimer’s, its most common cause, but dementia can strike adults earlier and with other conditions, including Parkinson’s, Huntington’s disease, traumatic brain injury and the Frontotemporal
The American Institute of Architects (AIA) is recognizing 10 exceptional residential designs with its 2023 housing awards. The program, now in its 23rd year, was established to recognize the best in housing design for new construction, renovations and restorations. Complete details for each of the awarded projects can be reviewed on AIA’s website. Projects were
With #tovfurniture having more than 25.7 million views on TikTok, including a collaboration with Alix Earle, as well as a strong following on Instagram, it’s fair to say Tov is the furniture brand taking over social media. It’s easy to understand why. Every piece is beautifully and thoughtfully designed, yet on-trend. Still, many pieces have
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage
In the late 1800s, the Berkshires in Massachusetts was a prime spot for the Gilded Age wealthy to show off their money by building giant mansions, or “summer cottages” as society’s upper crust called them. Most have been lost to fire or demolished as impractical for a family to manage and finance. One of the
Grady Hendrix Albert Mitchell After Louise’s parents unexpectedly die in a car accident, she returns home to Charleston, where her plans to get her childhood home ready for sale are soon complicated. There’s her parents’ endless stuff, including the hundreds of dolls her mother owned. There’s her estranged brother, Matt, trying to cheat her out
The phrase “house of Gucci” may bring the book or film to mind, but in the exclusive residential heart of Rome there literally is a house constructed and still owned by Gucci family heirs. Intrigued? It’s for sale. In the late 1940s, fashion magnate and one-time CEO Aldo Gucci, the eldest son of the iconic
Defying global trends, Dubai’s luxury real estate market is showing incredible resilience. Bolstered by a flock of high net-worth buyers, high-end real estate prices have jumped 89% over the past year and the sale of ultraluxe properties priced at more than $10 million reached an unprecedented level. It comes as little surprise then that the
Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images The U.S. housing market is taking a hard hit from higher mortgage rates, and luxury home sales are seeing the worst of it. Sales of luxury homes dropped 45% during the three
Renters are finally getting a break on their rent as prices drop. The median asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin RDFN . Rents were up nearly 10 times that much
Labor shortages. Volatile materials prices. Inflationary pressures. Capital markets turbulence. It’s all enough to keep real estate development project managers gobbling a steady diet of antacids as they grapple to keep their projects financially tenable. A 2022 CBRE U.S. Construction Cost Trends report afforded them little hope things would get a great deal better soon.
While the real estate boom of 2021 and 2022 may be calming down, the effects of the pandemic-fueled buying frenzy have proven long-lasting in many parts of the country—in particular for second home and vacation markets that emerged as buyers sought more inventory and more reasonable pricing. Once eclipsed by hot spots like Aspen, Colorado;
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