Real Estate

Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the

Steeply graded home lots seem to suit architect Robert Harvey Oshatz. To build on such parcels, homes are designed to cantilever over slopes, offering exceptional views. The residences seem to soar and can appear untethered, existing in the air. It’s an Oshatz signature refined during 50-plus years of work: architecture that looks to have been

Christina Lindal formerly the executive vice president of Lindal Cedar Homes took over the role of President, September 1, 2022, from her father Bob Lindal, a second generation leader of the company. Christina Lindal has a long history with Lindal. She joined the company shortly after graduating from Scripps College in Claremont, CA, with a

Noel Hendrickson/Getty Images Even with signs that the housing market is cooling, homebuyers are still feeling the sting of elevated prices and higher interest rates. The average rate on a 30-year fixed-rate mortgage is 6.7% as of Friday, up from 3.3% at the start of 2022, according to Mortgage News Daily. Alongside that, home prices

Kim Kardashian has lived in a variety of homes, but she still has stayed close to Los Angeles with homes in Beverly Hills, Beverly Grove, Bel Air and Hidden Hills. Now she is moving about an hour away to Malibu where she bought an oceanside estate that once belonged to supermodel Cindy Crawford. At $70.4

An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A bombshell lawsuit against former President Donald Trump filed Wednesday contains a head-spinning amount of detail about real estate, loans and other financial arrangements

A ‘For Rent’ sign is posted near a home on February 07, 2022 in Houston, Texas. Brandon Bell | Getty Images Rents for single-family homes were 12.6% higher in July compared with the year-earlier month, but the gains continue to shrink from the record high seen in April, according to a new report from CoreLogic.

It’s easy to leave your heart in San Francisco: the city has beautiful architecture, historic charm, memorable eateries, culture galore, magnificent views and enough atmosphere to convince even the most cold-hearted among us that this place is truly special. The city is also famous for its high-end real estate, which seems to rise further into

Fabio Formaggio / 500Px | 500Px Plus | Getty Images Last year, I moved into a one-bedroom apartment in Manhattan. At 28, I was living alone for the first time. It was tremendously exciting, but I also had a problem: I had no furniture. For weeks I slept on an air mattress that would be

A modern penthouse found high up in the W Residences Austin in Downtown Austin, Texas, has changed hands after roughly two weeks on the market, according to the listing brokerage. The asking price, which included the furnishings, artwork and other household accoutrements, was $5.95 million. That the turnkey unit was so quick to attract a

Office demand is in a state of flux. The widespread adoption of hybrid work and intensifying economic headwinds have left companies unsure of their real estate needs. While both office owners and occupiers share an optimistic outlook about the future of office usage, property managers are pioneering new ways to generate revenue in the place

Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results include an adjustment for the observance of Labor Day. Since last year, homebuyers’ demand for mortgages has

It’s long been recognized home buyers love a view of the blue. Due to their comparative scarcity, homes on oceans, lakes (Great and otherwise), rivers and canals consistently command more at sale time. How much more? According to some estimates, a home on a lake will garner 25 to 50 percent more than the same

Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Property analysts and developers said offices, warehouses and business parks are proving resilient, and continuing to turn over steady rental revenue — albeit discounted due to softer demand. Hong Kong-listed property group KWG

Even as the summer comes to a close, the luxury real estate market in coastal Mexico is staying hot. An oceanfront villa housed in the ultra-luxury resort, One&Only Mandarina, has sold for a record-breaking $17.5 million, continuing a string of $10 million-plus sales in the Riviera Nayarit region. Situated a little over an hour north

The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes

The Bronx saw record dollar volume and the second most transactions ever recorded with $1.54 billion investment sales across 191 transactions, according to research produced by Ariel Property Advisors. Multifamily sales accounted for nearly half the transactions, or $756 million, which is the highest dollar volume since 1H 2016 when $960 million in multifamily buildings

In this article CTRN Peopleimages | Istock | Getty Images Citi is expanding a program to encourage homeownership in diverse communities, as part of a new set of initiatives to broaden access to its lending products. The program, called HomeRun, seeks to help eliminate the key barriers to homeownership, particularly with regard to cost and

Redfin, a technology-powered real estate brokerage, released a collection of statistics today that illustrate some of the positive effects of the current cooling housing market. After nearly two years of a highly competitive market, once rejected buyers finally have another chance to purchase that home they always wanted, even with higher mortgage rates making it

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: Oscillator says market still oversold Our trades on DVN and CRM Quick mentions: HON and LLY Watching these bullpen stocks 1. Oscillator says market still oversold Stocks were in the