This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. At 16,600 square feet, it’s the grandest single-structure residence in town and a whopping 4,100 square feet bigger than the next-largest home on the market. The Bali-inspired residence at 11870 Ellice Street, named the Kaizen House after a
Real Estate
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk in front of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Images In an effort to cut costs following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according
Solar panels create electricity on the roof of a house in Rockport, Massachusetts, U.S., June 6, 2022. Picture taken with a drone. Brian Snyder | Reuters When Josh Hurwitz decided to put solar power on his Connecticut house, he had three big reasons: To cut his carbon footprint, to eventually store electricity in a solar-powered
As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from
The Federal Reserve raised its target federal funds rate by 0.5 percentage points at the end of its two-day meeting Wednesday in a continued effort to cool inflation. Although this marks a more typical hike compared to the super-size 0.75 percentage point moves at each of the last four meetings, the central bank is far from
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared
Over the last decade, there was an influx of Americans into regions where climate change is making wildfires and extreme heat more common, according to an analysis of multiple data sets done at the University of Vermont (UVM). Broadly speaking, Americans migrated to the cities and suburbs in the Pacific Northwest, parts of the Southwest
This week, the Federal Reserve is expected to raise interest rates for the seventh time in a row to combat stubborn inflation. The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared to the super-size 75 basis point moves at each of the last four meetings. This would
The Central Business District of Pittsburgh J. Altdorfer Photography | Getty Images After bidding wars during the pandemic, demand for home purchases has fallen amid higher mortgage interest rates. That dynamic has made some markets are more attractive for first-time home buyers for 2023, according to a Zillow report released this week. The real estate
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thinking about a home heat pump? New and expanded government incentives, coupled with sharply rising utility costs, make it more compelling. Especially when
A “For Sale” sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022. David Paul Morris | Bloomberg | Getty Images Lower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to offset the drop in demand from homebuyers. Mortgage application volume fell 1.9% last
Investors nervous about Blackstone’s real estate investment trust should view it as a long-term vehicle that’s well-positioned for the future, the firm’s president said Thursday. Blackstone has taken heat over the past week for limiting withdrawals from the $69 billion private REIT, the Blackstone Real Estate Income Trust (BREIT). That move followed redemption requests that