The massive Texas ranch of the late oil billionaire T. Boone Pickens has sold at a $60 million price cut after languishing on the market for five years. Located in the northeast corner of the Texas Panhandle, Mesa Vista stretches for over 100 square miles and almost 37,000 acres along 25 miles of the Canadian
Real Estate
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. “Rates continue to move at the suggestion of economic
The supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market’s continued rebalancing, according to a recent housing trend survey. Despite the significant increase in inventory over last year’s record lows, home prices are still growing,
The number of residential mortgages originated in the fourth quarter tumbled to a nine-year low as inflation drove home-loan rates above 7%, according to a report on Thursday from ATTOM. Americans signed 1.5 million mortgages in the closing three months of 2022, including purchase loans and refinancings, down 55% from a year earlier, as interest
Hundreds of anti-Netanyahu protesters gathered on Wednesday outside a hair salon after the prime minister’s wife, Sara, was spotted at a hair salon nearby. Picture Alliance | Picture Alliance | Getty Images New concerns about Israel’s economy are leading global investors to question the money they have in the country. Massive protests have intensified in
Throughout the country, real estate agents are taking courses in implicit bias and the origins and effects of racism. In New York State, employers AND the state both mandate these courses, so many agents and managerial staff are taking them twice. In a country which remains rife with prejudice, do these courses actually impact people’s
An overwhelming share of Americans who sold a home for the first time in the past two years wish they had done something differently (84%). A new Zillow survey conducted online by The Harris Poll finds that even in a sellers’ market, many recent first-time sellers have regrets about the pricing, timing or marketing of
Santa Barbara’s nickname as “the American Riviera” may sound like an overreach. But spend time driving into hillside neighborhoods where winding roads lead to balconies and patios on Spanish-style homes high above the ocean and you’ll quickly see the resemblance to the Mediterranean Sea. Nowhere is this truer than in the Riviera neighborhood. It’s one
A majority of Americans who sold a home for the first time in the past two years wish they had done something differently, according to a recent survey. Even in a sellers’ market, many recent first-time sellers have regrets about the pricing, timing or marketing of their home, a new Zillow survey conducted online by
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications to purchase a home dropped 6% last week compared with the
March 1, 2023: U.K. house prices saw their sharpest annual decline since 2012 in February, according to Nationwide. Christopher Furlong | Getty Images News | Getty Images LONDON — U.K. house prices fell by 1.1% annually in February, their first annual decline since June 2020 and the sharpest contraction since November 2012, according to a
In this article NVDA GSBD Follow your favorite stocksCREATE FREE ACCOUNT A general view of the facade of the New York Stock Exchange on January 13, 2015 in New York City. Ben Hider | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily
In this article TGT GSBD Follow your favorite stocksCREATE FREE ACCOUNT People walk by the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors
The age of the branded residence is upon us as the once-niche sector has grown into a global phenomenon. In major cities across the globe, residential offerings from luxury hotel chains like the Ritz-Carlton, Six Senses and Viceroy as well as high-end brands not often associated with housing like Lamborghini, Armani and Bulgari are arriving
Mixed-use real estate projects are not a revolutionary concept. But the increasing commingling of traditional building uses, a shift in live-work-play preferences and overall attractive investment fundamentals have led to a post-pandemic boom of mixed-use mega projects. As the developments become larger in scale, more complex in their amenity offerings and more experience-grounded, the property
A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time home purchasers. Roschetzkyistockphoto | Istock | Getty Images Prospective buyers looking to secure the purchase of their first home this spring will still face a difficult market. Yet there are signs some areas of the country may provide more opportunity
Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and private equity in particular – are the dominant players. Black developers often don’t have exposure to those
Home ownership has seen a mostly upward trend over the past five years, rising again in 2022 to 65.9%, which is the highest it has been since 2011. Several new studies have been released mapping out the gains and losses in homeownership and related wealth with regards to the U.S. Black population. Zillow, for example,
A “For Sale” sign in front of a home in Roseville, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images Higher mortgage rates weighed on home price gains at the end of 2022. While prices were still higher than they were a year earlier, the rate of increase slowed quickly,
The UrbanDigs Market Pulse for the Brooklyn real estate market has dipped into buyer’s market territory for the first time since the pandemic recovery began. Typically, this means buyers have more choices and more leverage. To those looking to purchase in Brooklyn, this is welcome news and a long time coming, but, like many post-COVID
Design & Construction Week is likely the largest gathering of homebuilders, interior designers, remodeling contractors and kitchen and bath professionals in the country. Many of the industry’s top appliance, fixture, cabinetry, outdoor and other home product manufacturers show their new releases and returning favorites to more than 200,000 specifiers in the combined Kitchen & Bath
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