Real Estate

The estimated second-quarter Gross Domestic Product (GDP) data released on Thursday shows the U.S. economy teetering on the edge of recession, with an overall inflation-adjusted GDP decline of 0.2%. If we do get a full-blown recession, it will be tied to the sharp declines in housing and residential investment, which fell by 14% in the

Americans want to know: Is this a recession or not? Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed

Manhattan’s Puck Building, located at the intersection of Nolita, the Bowery, Soho and Greenwich Village, was built between 1886 and 1893, an example of the German Rundbogenstiel (round-arch) style of architecture designed by Albert Wagner. The building is owned by Kushner Properties, the company of Charles Kushner and his son, Jared, son-in-law of former President

In this article CTRN The cost of borrowing is getting more expensive for American households. With Wednesday’s 0.75-percentage-point interest rate hike, the Federal Reserve has raised benchmark short-term borrowing rates 225 basis points, or 2.25%, since March in an effort to curb unrelenting inflation. The federal funds rate, which is set by the U.S. central bank, is

During the first six months of 2022, New York City’s Investment Sales market experienced both volume and pricing growth. The market came off a strong year in 2021 and the economic drivers and demand were dominant. Dollar volume in New York City totaled $22 billion in 1H 2022, up 181% year-over-year. In fact, in the

The finest and most successful hoteliers understand they can’t survive without impeccable customer service. In those environments, the bar is set at concierge-level professionalism, exclusive and personalized experiences and top-notch amenities. For office building owners looking to increase occupancy, the hospitality industry is full of inspiration. In an office building, stand-out hospitality is achieved with

As Congress investigates potential factors that are contributing to today’s housing shortage, a new Realtor.com analysis shows investors scooped up a record share of for-sale homes in the spring home buying season. While investor purchases softened in January and February, investor purchases in April were up 31% over the same time in 2021 and 64%

Massive, multimillion dollar mansions may seem de rigueur in Toronto’s tony Bridle Path neighborhood, but there are firsts among equals. A prime example of the top-tier estates for sale in the North York enclave is this 18,276-square-foot mansion and detached coach house set on two manicured acres. Iron gates open to a circular motor court

Federal Reserve officials made history on Wednesday by hiking rates by three-quarters of a percentage point for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation, but risking a sharp blow to the economy. Policy makers, facing the hottest price pressures in 40 years, lifted the

The Federal Reserve raised the target federal funds rate by another 0.75 percentage points at the end of its two-day meeting Wednesday, in an effort to curb unrelenting inflation. Fed officials have already raised benchmark short-term borrowing rates 1.5 percentage points this year, including June’s 75-basis point increase, which marked the largest increase in nearly three decades. The

The hottest trend in real estate is the built-for-rent single-family home business (”BFR”), but now that mortgage rates have doubled, the stock market has gone bearish, home sales are crashing, and the talk of possible recession is on the wind, investors in this segment are asking more questions about potential risks. There are some legitimately

A “Sale Pending” sign outside a house in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Signed contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since

Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of analysts, economists and former policymakers have chimed in, saying that was a mistake. “The forward guidance, overall, slowed the response to the Fed

In 2021, 6.9 million homes were bought and sold in the U.S., according to Statista. Real estate transactions are highly administrative and technology makes them more efficient. The PropTech industry—real estate technology—is expected to grow from $18.2 billion in 2022 to $86.5 billion in 2032, according to Future Market Insights. Consumers want better home buying-and-selling

A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images Mortgage demand edged lower for the fourth straight week, according to data released Wednesday, even though interest rates have fallen from their recent highs. Total volume was down 1.8% last week from the

Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — China’s property sales are set to plunge this year by more than they did during

Banks in Singapore raised housing loan rates in June, following the U.S. Federal Reserve’s decision to increase interest rates by 75 basis points in the same month to cool inflation — its most aggressive hike since 1994. Nurphoto | Nurphoto | Getty Images Homeowners in Singapore are starting to tighten their belts as they will

“There is no way to recreate the past,” says Robert Bell, whose eponymous landscape architecture firm is based in Washington, DC, Southampton, New York and Palm Beach, Florida. “But you can reinterpret historic gardens if you research what was there, while looking at the practicalities of today.” Just as houses have historic architectural styles, so

andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans’ finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillion in the first quarter of

Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images After two years of not being able to build homes fast enough to keep up with demand, the nation’s homebuilders are now experiencing a slowdown