Real Estate

2022 came in with a bang, real estate-wise. Record numbers of contracts were signed here in New York during the first couple of months of the year. But as the first quarter wore on, cracks began to appear, mostly attributable to national or world events. A decade of almost free money accelerated a stumble into

Skandar Mrad, shown here on vacation in Italy, is looking for a home in the Los Angeles area. When Skandar Mrad decided late last year to buy his first house, his top priority was location. Mrad, a gay man living in the Los Angeles area, has spent much of his adult life commuting several hours

Whether you live in California or are just visiting, West Hollywood is one of the best neighborhoods to shop for home furnishings. Known to locals as WEHO, this area is frequented by some of the top interior designers visiting the many showrooms at the world-famous Pacific Design Center. But it’s also the home of lots

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai’an City in Jiangsu province in east China. CFOTO | Future Publishing | Getty Images

Juneteenth, known as Freedom Day, Emancipation Day, Jubilee Day and Liberation Day, commemorates the day in 1865 when the federal army reached Texas to ensure that enslaved people in the state were freed. Union General Gordon Granger brought news of the end of the war and the Emancipation Proclamation, which had been signed more than

Getty Images For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising prices, according to Hippo Insurance’s 2022 Homeowner Preparedness Report. And 43% either strongly (14%) or

The Federal Reserve intensified its fight to cool inflation by launching the largest interest rate increase since 1994 and indicated it would do whatever it could to tame price hikes and bring down the cost of gas and food. The central bank of the United States agreed to a 0.75-percentage-point rate expansion at its two-day

A waterfront mansion on Star Island, Florida. Jeff Greenberg | UIG | Getty Images Millennial millionaires are temporarily shelving major purchases as interest rates and inflation rise, according to CNBC’s Millionaire Survey. Nearly half of millennial millionaires say higher borrowing costs are causing them to delay buying a car, and 44% say higher interest rates

The list of reasons to want to live in Fairfield, Connecticut, is at least five miles long. For starters, that’s the number of miles of beaches the town has on Long Island Sound. Home to the quaint and historic Southport Harbor at the mouth of the Mill River, Fairfield is also just slightly more than

A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sentiment among the nation’s homebuilders fell for the sixth straight month to the lowest level since June 2020, when the economy was

From sand to sea, these four multimillion-dollar homes are the epitome of a life of leisure. For secluded oceanfront privacy Located on a 51-plus-acre gated and fully-fenced estate with nearly a mile of oceanfront, this luxury five-bedroom property offers an exceptional opportunity on the Hamakua Coast on the Big Island of Hawaii. Surrounded by manicured

A Redfin Corp. ‘For Sale’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its

As rising inflation and mortgage rates bring housing demand back from the 2021 frenzy, Realtor.com’s updated 2022 forecast predicts inventory will grow double-digits over 2021 and offer buyers a better than expected chance to find a home. Home sales will hit the second-highest level in 15 years, trailing only the 2021 pace, as rising incomes

Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices

It’s a true trompe l’oeil. This French chateau gives every impression of being set in Provence, a region of southeastern France known for ancient hilltop villages, lavender fields and rolling vineyards. And while the estate accurately reflects that heritage, it’s actually located across an ocean and some 5,800 miles away in the Arcadia neighborhood of

Republican presidential candidate Donald Trump (C) gives two thumbs up as Donald Trump Jr. (L) and Ivanka Trump (R) stand and cheer for Eric Trump as he delivers his speech during the third day of the Republican National Convention on July 20, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Joe Raedle | Getty

The Los Angeles penthouse where Johnny Depp and Amber Heard living during much of their brief marriage is on the market for $1.765 million. With all the notoriety the former couple attracted during their headline-making court case, what better time to put the love nest on the market? Though the pair were only married for

More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and

Sales of luxury homes tumbled 17.8% year over year during the three months ending April 30, the largest drop since the onset of the pandemic sent shockwaves through the housing market. By comparison, sales of non-luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from Redfin, a technology-powered real estate

Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent. Diana Olick | CNBC Real Estate Correspondent As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to