Real Estate

A sign points toward an Open House in Alhambra, California on May 4, 2022. Frederic J. Brown | AFP | Getty Images The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage

The sharp increase in mortgage rates to their highest level in 15 years is not only cutting into home buyer budgets across the country, but also trimming at least 100 square feet out of the homes in would-be buyers’ price range in 29 of the 50 metros analyzed by Redfin. The technology-powered real estate brokerage

U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market downturn. Dan Kitwood | Getty Images LONDON — There are growing fears of a housing market crash in the U.K., after a swathe of tax cuts announced by

In certain movies, the background becomes a character. More than a backdrop, the environment in which the central characters live, work or interact with each other makes the place where the story happens as important a part of the story as the plot. An example is the 1998 film The Truman Show, in which Jim

Daniel Acker | Bloomberg | Getty Images With high inflation and rising interest rates fueling speculation that a recession is on the horizon, it may come as no surprise that financial advisors are hearing these concerns from their clients. Year-over-year inflation eased a bit in August to 8.3% from 8.5% in July, but it remains

With much of the optimism of the past decade wrung out of the housing market, I have been fielding a lot of questions about what to do with an existing home. Should you still try and sell now? Or perhaps rent it out? As a comprehensive financial planner, I strive to guide my clients to

A man walks through the debris on a street in the aftermath of Hurricane Ian in Punta Gorda, Florida. Ricardo Arduengo | Afp | Getty Images If you’re far from the destruction caused by Hurricane Ian in Florida, you may be thanking your lucky stars that your home wasn’t in the storm’s path. Nevertheless, you

Spring boarding off the success of the first Mr.C-branded residences built next to the family’s flagship hotel in Beverly Hills, California, moguls Ignazio and Maggio Cipriani have expanded their sights (and their sites) to include such locales as Manhattan, Punta del Este, Uruguay and Miami. Up next: Dubai in the United Arab Emirates. The 27

Street in Chelsea district, London Alexander Spatari | Moment | Getty Images American homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts. The fall in the British currency, which is off 17.5% against the U.S. dollar year to date, has made U.K. real estate cheaper for buyers

The city of West Lake Hills near Austin, Texas, is equated with luxurious homes, scenic surroundings and high quality of life. Lesser-known, perhaps, it’s also an occasional canvas for architectural expression. Built in 2019 and designed by architect Michael Hsu, this modern masterpiece employs wood, stone, glass and metal. From the curb, it appears low-slung

Newly built houses in the Denham Court suburb of Sydney, Australia. Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia. Bloomberg | Bloomberg | Getty Images SYDNEY — In a country where real estate ownership dominates barbecue conversations and dinner parties, Australian Lili Zhang is like

As Hurricane Ian rips through Florida as one of the most powerful storms ever recorded in the U.S., CoreLogic, a data analytics provider, estimates that 7.2 million single- and multifamily residences with a combined total reconstruction value of $1.6 trillion are within the moderate and high flash flood risk bands, as forecasted by the National

Beneath all the clamor over Russia’s invasion of Ukraine and the efforts to tamp down inflation, investors are largely passing over a huge story in China, famed short-seller Jim Chanos said Wednesday. Troubles in the Chinese real estate market are a distant third to the war and rate hikes targeted at containing inflation. But Chanos,

HAYES BARNARD figured out how to make costly green energy affordable—and it has made him one of the richest people in America. By Jonathan Ponciano “What if you were sitting on the antidote for Covid and you didn’t deploy it? That’s how I feel,” says Hayes Barnard as he guides his 2012 Tesla Model S

Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. After a

Slow-moving Hurricane Ian puts more than 1 million homes along the Florida Gulf Coast at risk of storm surge heights up to 10 feet and a reconstruction cost value of approximately $258.3 billion, according to CoreLogic, a global property data and analytics provider. These figures assume Hurricane Ian makes landfall as a Category 4 hurricane.

Florida is bracing for Hurricane Ian. Hurricane Fiona has just devastated Puerto Rico, flooding the island leaving hundreds of thousands without access to electricity or running water. Meanwhile, flooding in Pakistan has taken over 1,600 lives. To combat the some of the worst impacts of flooding, a new industry of floating infrastructure is emerging. There

When Hurricane Andrew tore through South Florida in August 1992, it destroyed 25,524 homes, damaged 101,241 more, killed 26 people and left about 250,000 people homeless in Dade County alone. Those facts, reported by the Insurance Information Institute, along with more than $27 billion in insured losses, led to an overhaul of Florida’s building codes.

In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, including another big hike earlier this week. “Interest rates are going up at the

With the arrival of Bitcoin in 2009 and subsequent blockchain currencies, conversations about crypto real estate immediately followed, albeit in hushed murmurs. Fast forward to today and stories of seven-figure crypto real estate transactions have the industry abuzz. As with any burgeoning technology—especially one promising revolutionary change—there are believers and skeptics. What cannot be debated,