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An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy

Investor confidence in China’s real estate market appear to be boosted by the government’s promise to support the sector and some loosening of policies. But analysts say China’s high-growth property market may be a thing of the past. Getty Images | Getty Images News | Getty Images The tide may be turning on China’s battered

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable.  Builder confidence in the market for

In this article ABNB Police said a large party was being held at an Airbnb when shots broke out. Pittsburgh Public Safety Two minors were killed early Sunday after shots were fired at a large party hosted at an Airbnb rental in Pittsburgh, according to the city’s police blotter. At least nine others were being

Peopleimages | Istock | Getty Images In just a matter of months, mortgage rates have surged from just over 3% for a 30-year fixed loan to just north of 5%. As potential homebuyers follow those figures, there is one thing they may be overlooking: their credit score. The three-digit number has a big impact on

Demonstrators in front of the White House on Sept. 25, 2021, call for the cancellation of rents, and mortgages and to prevent millions of evictions in the middle of the Covid-19 pandemic. Olivier Douliery | Afp | Getty Images Billions of dollars in federal rental assistance is still available to struggling renters, though some states

In this article GOOGL Google has dozens of real estate projects around the U.S., and it says at least 20 key projects will receive investments this year to the tune of nearly $10 billion. In a blog post Wednesday, Alphabet and Google CEO Sundar Pichai highlighted country-wide offices and data centers either under construction or

RgStudio | E+ | Getty Images New government data showing record high inflation probably comes as no surprise to consumers who are facing sticker shock everywhere from the grocery aisles to the gas pump. Now, all eyes are on the Federal Reserve, which is expected to continue to raise interest rates to try to tamp

A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images The nation’s mortgage bankers are scaling back their expectations for the year as rapidly rising rates make it even more expensive to buy a home. The Mortgage Bankers Association now calls

Image Source | Getty Images Inflation is quickly raising prices for households in core areas of their monthly budgets — energy, food and housing. That’s making it hard for consumers to avoid a financial hit, even as wages are also rising at their fastest clip in years. But there are levers Americans can pull —

gradyreese / Getty Looking for an apartment or house to rent can be stressful. Rental prices have rebounded well above their pandemic lows and are now among the major inflation pain points for American consumers, along with food and gas prices. Several factors have contributed to the rising rents, including low housing inventories. It is

The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today.  Mortgage rates, which follow loosely the yield on the

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

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

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

Saul Loeb | AFP | Getty Images Rising interest rates are crushing the mortgage market, as precious few homeowners can now benefit from a refinance and more potential homebuyers become priced out. Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

Several new reports from real estate companies suggest buyers may be starting to get a break in this red-hot housing market. More listings are coming up for sale, and some sellers are lowering their asking prices.  The number of new listings last week jumped 8% from a year ago, according to Realtor.com. This follows four

New York State Attorney General, Letitia James, speaks during a news conference, to announce criminal justice reform in New York City, U.S., May 21, 2021. Brendan McDermid | Reuters New York Attorney General Letitia James asked a judge Thursday to hold former President Donald Trump in contempt of court for refusing to comply with a

A ‘TRUMP’ branded helicopter sits near a putting green during a ribbon cutting event for a new clubhouse at Trump Golf Links at Ferry Point, June 11, 2018 in The Bronx borough of New York City. Drew Angerer | Getty Images Fore more years! A judge ruled Friday that the Trump Organization can continue to

Anchiy | E+ | Getty Images Many individual investors often look at public markets like they are the only game in town to make money and meet their financial goals. But with lofty valuations of public companies and depressed bond yields, the traditional 60/40 stock-to-bond portfolio has been thrown to the wayside, so the next

Arian Taherzadeh seen in photos submitted in a D.O.J. affidavit. Courtesy: D.O.J The landlord of two Washington, D.C., men charged with impersonating Department of Homeland Security agents won a judgment for more than $222,000 in unpaid rent for the five apartments they lived in and loaned out to U.S. Secret Service agents, a court filing

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 —

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

The structural frame of a house is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Last week we learned that housing prices grew rapidly yet again in January. The widely followed S&P CoreLogic 20-City Home Price Index was up 19.1%

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

Getty Images For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,'” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the

In this article HIPO Pixelseffect | E+ | Getty Images Buying a home? Don’t forget to budget for repair costs. Most homeowners (77%) have dealt with an unexpected issue that required paying for a repair in their first year of owning their house, according to a survey from insurance firm Hippo. Two-thirds of them spent

Buying a house can be expensive. The typical U.S. home will set you back $331,533, according to Zillow, up 20% in the last year. But the mortgage amount most likely won’t cover all of the upfront costs homebuyers will face. Check out this video for a full breakdown of what costs to expect and how

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

Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to refinance. Demand from homebuyers, however, appears to be hanging in for now. Total mortgage application volume decreased 6.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This, as