A real estate project under construction in Shanghai’s newer Pudong district on Feb. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China. The share of respondents planning to buy
Real Estate
Forbes Global Properties Riverfront homes come with the built-in benefit of backing up to a tranquil, natural setting. In Vero Beach, Florida, houses along the Indian River, just inland from the Atlantic Ocean, have the added advantage of being located on one of the most ecologically diverse estuaries in North America. “There are only so
Unexpectedly strong home sales at the start of this year just reversed a sharp, several-month decline in home prices. Mortgage rates are behind the swing. Home prices nationally rose 0.16% in February, when seasonally adjusted, according to Black Knight. That is the strongest one-month gain since May of last year. Home prices are now 2.6%
In recent years, nothing has had a greater impact on office design trends than the pandemic. From turning just about any room of the home into an office to the evolution of the hybrid work model—offices have truly evolved to reflect personal style and work habits as they never have before. This is especially true
Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and they expect another strong showing in 2023. Experts believe much of this new stock is built with upper-tier customers in mind. “You often see new housing branded as
Low inventory and rising interest rates will likely be a factor in the spring real estate market in North Central New Jersey. The recently released February 2023 market report from Turpin Realtors, which covers Essex, Hunterdon, Morris, Somerset and Union counties, is a predictor of the upcoming prime season. “February typically is when we begin
Simpleimages | Moment | Getty Images It can be hard to separate financial fact from fiction. CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Here are 9 of the top fallacies the financial gurus debunked. Myth #1: Giving up a daily coffee
If you’re considering selling real estate in Manhattan or Brooklyn, you’re probably wondering how long it will take and, more importantly, how much you’ll get. The usual measures — days on market and listing discounts — attempt to answer those questions by looking at the time between the original listing date and the contract signed
An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images Stress in the banking system turned out to be a boon for the U.S. mortgage market. As investors hid in the relative safety of the bond market, yields moved even lower
When lawyers work on commercial real estate or other transactions, they typically charge for their time by the hour. If the transaction doesn’t close, the bill is the same as if it did close. Clients who face those bills don’t like them. These bills cause maximum pain if the transaction nearly closed and the lawyer
A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen off their recent highs, and
A home theater from a renowned designer, a wine cellar and tasting room that feel plucked from Tuscany and a solarium with a fireplace that sits in a lion’s mouth are just a few of the glamorous features of a palatial estate in Saddle River, New Jersey. The property at 101 Fox Hedge Road sits
A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates took some of the juice out of the housing recovery in February. After a sharp gain in January, pending home sales rose just 0.8% month to month, according to the
Commercial leases often require tenants to deliver letters of credit instead of cash security deposits. This practice reflects the belief that an L/C gives the owner better security than a cash deposit if the tenant goes bankrupt. Until very recently, many of those L/Cs came from Signature Bank or—especially for start-up or high-tech companies—Silicon Valley
A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images Home prices cooled in January, up only 3.8% nationally than they were a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. That is down from 5.6%
Single men have long been more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a recent survey shows that it widened again last year, shining light on the home buying challenges single women face, including lower salaries and a more volatile workforce
Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they
The Hollywood Hills home that once belonged to actress Emily Blunt and her husband, actor John Krasinski, is back on the market for $6 million. The couple bought the 3,657-square-foot Hollywood Hills home in 2014 for $2.57 million and spent the next two years adding their own unique style to the four-bedroom home. For avid
A private island in Palm Beach could become the most-expensive home ever sold in Florida, if it gets its asking price of $218 million. Developer Todd Michael Glaser and his partners bought 10 Tarpon Isle — the only private island in Palm Beach — for $85 million in 2021. They built a brand new house,
Forbes Global Properties Rubbing elbows with the Southern California coastline cities of Redondo Beach and Manhattan Beach is the more relaxed community of Hermosa Beach. With a laid-back beach town vibe and an active nightlife scene, the city offers 94 acres of public beach along nearly 2 miles of oceanfront. Sharing this strip of sand
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