Real Estate

Daniel Acker | Bloomberg | Getty Images The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications
Chinese real estate developers, including highly indebted Evergrande, have operated a business that relied on selling apartments before they were completed. Pictured here is an Evergrande development in Beijing on Jan. 6, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate market desperately needs a boost in confidence, analysts said, after reports
For all those who’ve been frustrated by the continuing need to rent because of the lack of affordable housing, the near-term future is looking overall at least as bad as the immediate past. There’s a three-part problem: a vicious demand circle, the economics of building, and investors. Vicious demand circle No one need tell you
Four U.S. metros experienced double-digit inflation in the second quarter–Phoenix, Atlanta, Tampa and Miami–and all four were among the most popular migration destinations for Redfin.com users, according to a new report from Redfin, a technology-powered real estate brokerage. These destinations have the highest inflation rates partly because they’re attracting so many new residents and experiencing
Topline Home-builder confidence plunged to a two-year low in July as high inflation and supply chain constraints prompted many builders to halt construction on homes, the National Association of Home Builders reported Monday, marking the latest sign the housing market is due for a steep turnaround after the pandemic-era home-buying frenzy. Key Facts Builder confidence
Blue Heron’s cliffside spec house spans three levels in San Diego’s La Jolla neighborhood. Blue Heron This newly built cliff-side mansion overlooking the Pacific Ocean in Southern California comes with an ambitious $32.5 million asking price. It’s one of the most expensive homes for sale in San Diego County, and that price tag puts it
First constructed more than 200 years ago, Franc Vila’s manor house in Pego, Spain, is an irreplaceable find. Graced with palms, terraces and two medieval towers, the six-bedroom, six-bathroom, four-story home is a timeless sanctuary just 5 kilometers from the Mediterranean Sea. Fully modernized, the light-infused interiors are at once stately and comfortable. The home
In this article RDFN Stockton, California DenisTangneyJr | iStock | Getty Images After the frenzy of bidding wars, the U.S. housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk, real estate broker at
Having been approved by the International Code Council within the 2021 International Building Code (IBC), mass timber construction stands ready to change a lot of thinking about how New York City buildings can be constructed from here forward. The newly-constructed Timber House project in Park Slope, Brooklyn, provides the latest evidence of mass timber’s potential.