Joe Bryant Perched approximately 200 meters (650 feet) above Beverly Hills, California, is a European-flavored residence that recently hit the market for $87 million. Past its gates, a 700-foot private drive hugs the mountainside as it leads up a steep incline to reveal a dramatic, 7.8-acre estate. Private drive leading to the main residence at 1420
Real Estate
In this article CSGP JLL UMH HHC Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed in over 20 years, according to the National Association of Realtors. That’s dramatically pushing
California just experienced its driest January and February ever, and the snowpack is dangerously low. As the West enters its third year of drought, water sources are drying up, and restrictions on the Colorado River are now hitting all sectors of the Western economy, inculding homebuilding. While there is a shortage of water, there is
Peter Dazeley | The Image Bank | Getty Images When dealing with a divorce, it can be hard to focus on your future finances. However, it’s crucial to face up to them sooner rather than later. “People often say ‘I just want out,’ but the reality is going to hit you later,” said certified financial
Congratulations! You did it! You graduated college and got your degree. But once all the college graduation parties and final hangouts with your friends come to an end, it’s time to hesitantly glare into the next phase of your life. It’s time to get your first apartment. A lot of us know roughly where we
Patrick T. Fallon | Bloomberg | Getty Images As interest rates tick upward, it may be tempting for homebuyers to explore adjustable rate mortgages. The appeal of an ARM, as it’s called, can be the lower initial interest rate compared with a traditional 30-year fixed-rate mortgage. However, that rate can change down the road —
In this article CTRN Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday. “Given the strong start of
Sturti | E+ | Getty Images With skyrocketing housing prices, homeownership may be out of reach for many Americans. Yet rents are also rising. So how do you know if you should own a home or rent? It depends on a number of factors, experts said. “If you’re not sure whether or not you want
A “For Sale” sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images After cooling off ever so slightly toward the end of last year, home price gains reaccelerated in January. Home prices nationally rose 19.2% year over year in January, up from 18.9% in December, according to the
Mikolette | E+ | Getty Images Prior to the pandemic’s red-hot housing market, there was a simple profile that constituted an “A” buyer, according to Brian Copeland, a realtor in Nashville, Tennessee. “Four years ago, an ‘A’ buyer was someone who was pre-qualified for a loan, had 3% down and could go out this weekend
A home with a sign indicating that it is under contract to be sold is seen in a neighborhood of downtown Washington. Jim Bourg | Reuters In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the
The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than it was one year ago. “That’s the second time this week, and