nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments. Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from
Real Estate
What’s trending in residential kitchens? Six hundred respondents to an online survey – including designers, dealers, manufacturers, remodelers and architects – answered that question in the leading industry group’s just-released 2023 Design Trends study. The National Kitchen & Bath Association’s annual report provides insights to what homeowners are requesting and what professionals are delivering heading
House for Sale by Owner, Forest Hills, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Home prices are still higher than they were a year ago, but gains are shrinking at the fastest pace on record, according to one key metric, as the housing market struggles under sharply higher
There’s nothing like a classic pre-war New York City townhouse, especially in the charming neighborhood of Sutton Place. These properties aren’t easy to come by, particularly for renters. Another challenge of these spaces is making them your own. No one knows this better than artist Elizabeth Sutton. The native New Yorker recently moved to a
The trend of fast furniture is starting to become a thing of the past. Millennial consumers in particular are looking for pieces they can keep for years as opposed to something they’ll throw out before the next time they move. No one knows this better than Declan Ee, who co-founded the furniture brand Castlery in
Homebuilder sentiment in the single-family home market has fallen to half what it was just six months ago as mortgage rates climb, according to a new report. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which is designed to gauge market conditions, fell 8 points to 38 in October from the
Fifty-five years ago in the early winter of 1967, the grand opening of Snowmass, then known as Snowmass-at-Aspen, invited the world to the rugged mountainside of central Colorado to enjoy 50 miles of pristine ski trails serviced by five ski lifts. At that time, a lift ticket cost $6.50. Since then, much has changed for
Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise. Homebuyers’ demand for mortgages dropped 4% for the week and was 38% lower than the same week one year ago, according to the Mortgage Bankers Association. Applications to refinance a
Ikea is the iconic Swedish furniture brand known for its low prices, flat-pack shipping, and tiny screwdrivers. Millions of people have braved the maze-like big box store searching to furnish their first apartment or simply to find affordable Scandinavian home furnishings. But the Ikea bubble may have burst because the brand’s rock bottom prices have
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the
The New York Times NYT profiled older storm victims facing an uncertain future after Hurricane Ian. The featured picture was an older couple with their arms around each other, comforting each other. The reporter then disclosed that the couple was unable to rebuild the lives they had enjoyed for 20-plus years in their adopted state
In this article CZR SLG Follow your favorite stocksCREATE FREE ACCOUNT Video slot machines at Caesars Palace in Las Vegas, Nevada. George Rose | Getty Images Developer SL Green Realty is working with casino operator Caesars Entertainment on a bid to bring a casino to New York’s Times Square, the companies announced Thursday. The partners
In the face of economic headwinds, the housing market continued to cool down in September, though rebalancing from monumental appreciation is producing vastly different conditions depending on region and metro, according to Zillow’s latest market report. Affordability issues are driving the pullback in activity. Steep prices mixed with high and volatile mortgage rates have stunted
Juan Espinoza, far left, with his family. A combination of rising interest rates, high home values and limited inventory has been squeezing prospective homebuyers — and perhaps few know that as well as Juan Espinoza does. The 23-year-old resident of Santa Ana, California, has been on a three-year search for a dwelling that’s within the
A hilltop compound just north of the center of Santa Fe is a private retreat newly on the market. Offered for $28 million by Tim Van Camp and John Rigatti of Sotheby’s International Realty – Santa Fe Brokerage, Vida Encantada is a rare property in this desirable New Mexico city. Occupying 3.7 acres, it encompasses
One of the commercial real estate maxims of the last year holds smart employers are now or soon will be trading in more office space for less but higher-quality office space. With some hybrid work likely to hang around permanently, employers will need less square footage than they did pre-pandemic. What will they do with
Poverty rates rose for older Americans in 2021 and it was the only demographic group to experience rising poverty, according to the U.S. Census. Eroding pensions, increases in Social Security’s normal retirement age, and big gaps in access to retirement savings plans at work are causing elderly income security in the United States to fall.
The mass exodus from cities inspired by the pandemic may be over, but suburban markets are still hot. With many people working remotely, the suburbs continue to be a more comfortable and affordable option without sacrificing access to the city, albeit with a bit of a longer drive or train ride. Check out these suburban
Home fragrances might be invisible but in terms of setting the ambiance for a space, there’s nothing that can make a bigger impact. After all, there is something very luxurious about walking into a home filled with curated scents. But knowing the right fragrances to choose and how to combine them takes knowledge and a
Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force
Hurricane Ian is shaping up to be the costliest Florida hurricane since Andrew in 1992. Wind and storm surge damage in the state are estimated between $28 billion and $47 billion dollars, according to a Sept. 29 estimate from CoreLogic. With that level of destruction, property owners are advised to make any claims to insurance
Amid mounting evidence that the rapid rise in home prices is over, investors in rental property will have more options over the next few years as sellers outnumber buyers and prices deflate – slowly in most markets but very rapidly in others. As has ALWAYS happened in the past, home prices and rents will eventually
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the
Actress Sandra Bullock has channeled much of her A-list wealth into real estate ventures, having bought and sold homes in Austin, Texas, Los Angeles, New York, a Georgia Tybee Island home and more across the country. Now a producer, she has just listed her stunning 91-acre compound in San Diego for $6 million. The property,
JB Reed | Bloomberg | Getty Images It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to
Frank Lloyd Wright houses are not common in the East. In New York, the only house on the west bank of the Hudson designed by this country’s most famous architect is now for sale. Built circa 1960, this Usonian-style house is known as the Socrates Zaferiou House, named for its first owner. Set on two
Uncertainty around the U.K. housing and mortgage market has spread among first-time buyers. Resolution Productions via Getty Images Mortgage products have been pulled, payments are doubling and lenders are backing out of agreed deals; concern and uncertainty among Brits trying to buy a home skyrocketed last month after Finance Minister Kwasi Kwarteng announced his “mini-budget.”
The quality of life factors are off the charts for this 1904 classic home in Boulder, Colorado. Set in the family-oriented Mapleton Hill neighborhood, it is a short walk to vibrant Pearl Street with its shops and eateries, close to scenic Boulder Creek and near the Mount Sanitas and Sanitas Valley hiking trails. Colonial Revival,
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
Frances Anderton has covered Los Angeles design and architecture in print, podcasts, exhibitions, and at public events. For many years Anderton is well known in LA as the host of DnA: Design and Architecture, broadcast on KCRW, a public radio station. Anderton has spent her career educating the public about architecture and urbanism, for which
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