Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines. Total mortgage application
Real Estate
The interest rate on your mortgage determines your monthly mortgage payment as well as how much you’ll pay in interest. A good interest rate can save you thousands upon thousands of dollars over the life of your loan. However, this doesn’t mean that you should agree to a mortgage simply because the lender can offer
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
The highly-anticipated Barbie movie is finally out and it’s fair to say it’s one of the most influential films of the year. So it’s not a surprise that Barbiecore is one of the most talked about aesthetics in the home space right now. Pink is back in a major way and people love this bright,
Taking out a loan for a real estate investment may seem tougher than ever—especially for those new to the game. In the wake of three bank failures, rising interest rates, and a contraction of credit among lenders, clearly there are additional challenges in today’s market. In early 2023, Silicon Valley Bank collapsed, followed closely by
The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images After a pause last month, experts predict the Federal Reserve likely will raise rates by a quarter of a point at the conclusion of its meeting next week. Fed officials have pledged not to be complacent about the rising cost of
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors. Compared with June of last year, sales were
Within a month, two spec homes — one at a record-setting $30 million-plus and one at $20 million — sold in what promises to be one of the most exclusive neighborhoods in Paradise Valley, Arizona. The estimated value of the completed top-selling home would set a record for the state. In a highly desirable luxury
Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve’s top banking regulator expressed caution Tuesday
Property investment in China slid nearly 8% in the first half of the year, official data showed Monday, marking a deepening decline for a sector that accounts for up to a quarter of the world’s second-largest economy. The National Bureau of Statistics said the sector will gradually stabilize as the broader economy recovers, and is
After a frenzied market over the last three years, the latest data coming from Austin, Texas, is now pointing toward stabilization, with prices leveling out and inventory bouncing back. While the days of cutthroat bidding wars may be over—at least for now—the effects on the luxury segment of the market may prove long-standing. With much
With designs by master architect Edgar Ullrich, trees planted by famed botanist and landscape architect Kate Sessions and occupants descended from the Sepúlveda and the de la Guerra families, this La Jolla hillside home is about as close to San Diego royalty as you can get. In fact, the Upper Hermosa residence, now on the
Virojt Changyencham | Moment | Getty Images With some employees pushing back against return-to-office plans and the hybrid work model of three days a week in person seeming to be the sweet spot, the idea of bringing workers back to the office for a five-day workweek appears to have hit a wall. Office attendance has
Suburban residential properties and distant city high-rises in Ruskin Park, a public green space in Lambeth, on 11th June 2023, in London, England. Richard Baker | In Pictures | Getty Images The Bank of England warned already struggling homeowners could see monthly mortgage repayments rise sharply in the coming months, but stressed households today are
Have you been holding off on new purchases for your home until this week’s Amazon Prime Day deals? If you’re interested in making your house, condo, townhome, cabin or other dwelling safer, healthier, more accessible, functional, comfortable or joyful – i.e., fulfilling the five facets of wellness design – here are 10 items worth considering
A crane with the China Vanke logo at a residential construction site in China, on Sept. 28, 2021. Qilai Shen | Bloomberg | Getty Images Chinese real estate stocks mostly rose after the country announced it will extend two financial policies to support the real estate market until the end of 2024. Hong Kong-listed real
Oscar-winning director James Cameron has listed his sweeping ranch set along California’s Gaviota Coast for $33 million––parting with otherworldly Pacific Ocean views that inspired his five-part Avatar film franchise. The 8,000-square-foot home he and his wife, Suzy Amis Cameron, purchased 24 years ago is sited on an oceanfront 102-acre parcel in a biodiverse haven that’s
Forbes Global Properties Singapore’s so-called shophouses are a defining element in some of the city-state’s historic neighborhoods. Built in the early 1900s, they are usually found in the city center, blend traditional architecture with ornate details and display colorful facades. ADVERTISEMENT “Shophouses traditionally refer to two- or three-story terrace houses commonly found in Southeast Asia,
When the market is volatile, it’s important to be mindful of your other assets and think of your portfolio in a holistic way, said certified financial planner Lazetta Rainey Braxton, co-founder and co-CEO of virtual advisory firm 2050 Wealth Partners. “When we are thinking about market volatility, that means that there is uncertainty about what direction
A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage hit 7.22% Thursday, according to Mortgage News Daily. That’s the highest point since early November. Mortgage rates follow loosely the yield on
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