Real Estate

Redfin’s Homebuyer Demand Index—a measure of home-tour requests and other services from Redfin agents—is up 10% and mortgage-purchase applications are up 14% from the end of October, when both hit their 2022 troughs, according to a new report from Redfin, a technology-powered real estate brokerage. That’s largely because mortgage rates continue to steadily decline. 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

From grand millennial to coastal grandma, there’s no denying the increased popularity of traditional styles in recent years. Furthermore, the supply chain and shipping nightmares of the pandemic have influenced consumers to re-think where their furniture is coming from and who makes it. These two factors, along with beautiful design can be attributed to the

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 with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. related investing news Bond king Gundlach says the Fed should not do more rate hikes

Now that the cold weather is officially upon us, it’s time to think about finding a home to keep you warm and cozy inside while taking in the scenes of the winter wonderland outside. Whether you are looking to be smack dab in the middle of ski country or prefer to be within driving range

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

Considering an idyllic spot on the water in the Turks and Caicos Islands? Kira Isle, Leeward, on Providenciales may just be the ticket. The family-oriented community boasts a marina, restaurants, water sports companies and an international school, among other services, according to Gordon Williams of Grace Bay Realty. “Homeowners in this area have the luxury

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

China real estate billionaire Zhang Li faces extradition to the U.S. from London for allegedly paying bribes in connection with a construction project in San Francisco, Reuters reported. Zhang, 69, co-chairs developer Guangzhou R&F Properties, one of China’s largest real estate developers. Hong Kong-listed Guangzhou R&F stated today it has “no interest” in the Zhang-linked

A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a lower-than-expected reading of the November’s

Rent Café has released its 2022 year-end report, which looks at the most competitive rental markets this year. Although apartment construction is at a historic high, finding a rental in 2022 has been challenging. Nationally, the average renter had to compete with 14 other apartment seekers to secure a rental, which didn’t stay listed longer

The Federal Reserve is expected on Wednesday to raise interest rates for the seventh time this year to combat stubborn inflation.  The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared with the super-size 75 basis point moves at each of the last four meetings. This would push

The bathroom is one of the most important rooms in the home. Not only is it a sanctuary, but it’s also a space where the right design choice can add value. 2022 was a unique year for bathroom trends because it didn’t appear that there was anything majorly new, innovative, or must-have. Rather, homeowners were

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

Ocean views, beaches and big waves are enduring attractions. The coastal Southern California city of Newport Beach benefits from its bordering resource with a harbor, surfing and two piers. Not surprisingly, the upscale community also has its share of boutiques, fine dining restaurants and highly sought-after housing. This striking contemporary for sale is in the

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

After 15 years, one of New Zealand’s most significant properties has been priced for market at $5.2 million―the grand estate’s otherworldly gardens blushed with myth. Its substantial lake was the set piece for a doomed hobbit who found a golden ring buried on its murky bottom for two and half millennia. New Zealand film director

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

Over 19 million of renter households in the country spent more than 30% of their income on housing costs during the 2017-2021 period, according to data from the new American Community Survey five-year estimates released today by the U.S. Census Bureau. Households spending more than 30% on housing costs, including rent or mortgage payments, utilities,

In this article BX Follow your favorite stocksCREATE FREE ACCOUNT 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