Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available,
Real Estate
Grammy-winning singer-songwriter Meghan Trainor and her husband, actor Daryl Sabara, have sold their home in the Toluca Lake neighborhood of Los Angeles for $$5.94 million, records show. Listed in May for $5.95 million by Justin Paul Huchel of Hilton & Hyland, the private and gated estate proved to be a hot item in a surging
A rally to prevent Massachusetts evictions in front of Boston Housing Court on Oct. 15, 2020. MediaNews Group/Boston Herald via Getty Images | MediaNews Group | Getty Images Biden administration officials urged states and cities on Wednesday to move quickly to get federal assistance out to the millions of households that are behind on rent
House or apartment hunting can be a fun and exciting prospect. While the qualities you want in your new space may be obvious—like a wood-burning stove, a fenced-in yard or a spacious master bedroom—qualities to look for (or more importantly, avoid) in a real estate agent may not be quite so clear. Choosing the right
The Evergrande Group or Evergrande Real Estate Group logo of a Chinese real estate company is seen on a smartphone and a PC screen. SOPA Images | LightRocket | Getty Images BEIJING — The Hong Kong-listed shares of China Evergrande Group fell Tuesday to four-year lows following news of an asset freeze that renewed attention
Pinterest, YouTube, and Instagram have been the go-to for interior design inspiration in recent years, but TikTok is beginning to rival these platforms. While many people associate TikTok with Generation Z dance trends, it is also a great place for interior designers, hobbyists, and experts to share their tips, how-to advice, shopping hauls, etc. I
Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic, lowering costs for borrowers, the Federal Housing Finance Agency said Friday. Fannie and Freddie were charging lenders a 50 basis-point fee for all loans that were delivered to the two mortgage giants. The fee, designed to cover
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will eliminate the hotly contested 0.5% refinance fee as of August 1 to help families reduce their housing costs. To allow households to save more money, lenders will no longer be required to pay the government-sponsored enterprises a 50-basis point fee
As home prices surge, a real estate start-up launched in October by two former Zillow executives sees opportunity. Cincinnati-based Pacaso purchases luxury single-family vacation homes and then sells them to groups of buyers through a fractional ownership model as part of an LLC, co-founder and CEO Austin Allison told CNBC on Friday. “Most second homes
In many ways, ski-resort communities are beholden to the natural world that surrounds them. The allure of the mountain lifestyle stems from a meaningful connection with nature. Through recreational activities like skiing, hiking and mountain biking, residents of ski-resort villages can come in direct contact with the natural world and experience all of the joy
In this article SCHW MoMo Productions | Taxi | Getty Images When it comes to building wealth, many Black Americans are facing an uphill battle. The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5 million
by Erik Sherman Keep living in an apartment without paying rent? In the “before times,” it would have been unthinkable — at least without a concerted legal battle with an angry landlord. During the COVID-19 pandemic, though, all that went out the window. Congress first put an eviction moratorium into place from March 27 to
Carlos Santana may live in Las Vegas most of the year, but he loves spending time in Hawaii. The Grammy awarded artist bought a four-bedroom, 4,000-square-foot vacation property on Hawaii’s Kauai Island for $8 million in 2020 and doubled down by buying another holiday home in Princeville for $20.5 million on July 1, according to
Hong Kong has long been a global city synonymous with luxury living. From the Peak, with its magnificent views of Victoria Harbor and the city, to the coastline of Repulse Bay, Hong Kong offers abundant choices for luxury home buyers. Joshua Miller, chief executive of Hong Kong premier’s luxury brokerage firm, OKAY.COM, grew up in
Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading mid-market multifamily brokerage firm. Participants in the multifamily industry know that we are currently experiencing a tidal wave of activity. Why is this happening, how long will it last and what should you do to take advantage of it? First, let’s review
This charming Engadine-style house in Bever, Switzerland, has been a year-round holiday home for the past three decades. Over the centuries uses have included a rectory, a farm, an artisan’s workshop and even the residence of a practitioner of mesmerism. Although the first record of the structure dates to 1762, its cellar walls go back
There’s no doubting the fact that property technology (proptech) is an innovative approach to real estate marketing. From developers and investors to property management companies, proptech has the potential to benefit every party involved in the buying and selling process. The proptech sector has been experiencing strong growth since 2014, and especially since the pandemic
Steeped in history and surrounded by 57 acres of woodlands lies a magnificent estate in New York known as Laurel Hill, one of Long Island’s rarest remaining Gold Coast estates. On the market for $18.5 million, the grand estate celebrating Tudor architecture is in the prestigious North Shore enclave of Mill Neck, New York. It’s
Morty, an online mortgage marketplace, announced today they have closed a $25 million Series B financing round with the entirety of the funding in the form of equity. This gives the company a valuation of $150 million, said Morty cofounder Nora Apsel. Previously the company had a valuation in the $10 to $50 million range,
Founder and CEO, Visual Lease. Poor management of your real estate leases exposes your business to a range of risks including unexpected terminations, defaults and overbilling by lessors. And with new lease accounting rules requiring leases to be reported as assets and liabilities on the balance sheet, poor lease management can also result in inaccurate financial