The problem of stolen manhole covers in Turkey might seem an unlikely starting point for a new way for buildings to withstand earthquakes and tackle the construction industry’s environmental issues, but when a Turkish businessman heard about a new material that prevented the thefts, it sparked an idea. Cast iron is traditionally used to make
In December, President-elect Donald Trump and SoftBank CEO Masayoshi Son announced $100 billion in US investments to create more than 100,000 new jobs in artificial intelligence and related infrastructure. Then, last week, Hussain Sajwani, the chairman of Dubai-based luxury property developer Damac, stood by Trump at Mar-a-Lago to announce a $20 billion investment in the Midwest and Sunbelt for AI data
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue. But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central
Flames and smoke from the Palisades Fire surround a home (C) in the community of Topanga, California, on January 9, 2025. David Swanson | Afp | Getty Images Firefighters are still working to contain the record-breaking fires that have been raging for more than a week in Southern California. The fires in the Greater Los
The California wildfires are still ravaging the Los Angeles area a week after they started. The stories of residents who live in the area and have lost everything are heartbreaking. Against this catastrophic backdrop, a lucky few houses were spared; for one reason or another, these residents’ homes are miraculously still intact. But how can
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year ago, according to
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money
Houses along a hillside outside Marbella on the sunny coast, Costa del Sol, in Spain. Marcus Lindstrom | Istock | Getty Images Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country. Spanish Prime Minister Pedro Sanchez on
Kanye West’s infamous Malibu mansion — a Tadao Ando-designed masterpiece that West left gutted and abandoned — has miraculously survived the devastating California wildfires, according to its new owner. The news was first reported by Realtor.com. West purchased the beachfront property, a once-stunning architectural marvel, in 2021 for an eye-popping $57.25 million. The rapper, 47,
First-time homebuyers may struggle to find adequate starter homes when the 2025 buying season begins this spring. The homes that once gave Americans a stepping stone into real estate are disappearing, according to experts. While the exact definition of a starter home varies, they’re typically under 1,400 square feet. In 2023, just 9% of the
There’s a new future in store for Michael Jordan’s longtime Chicago-area mansion. After sitting on the market for more than a decade, the basketball icon’s sprawling Highland Park property is becoming a luxury timeshare in the wake of selling for a fraction of its original price, according to a news release. Real estate investor John
House hunters with $1 million to spend can expect to afford vastly different properties depending on where they look—and the Midwest offers by far the biggest bang for their buck. Here is a look at what a low-seven-figure budget would get you in the Midwest, the Northeast, the South, and the West. The breakdown factors
The owners of a run-down and long-vacant hotel dubbed the “black hole of Times Square” are allegedly hundreds of millions of dollars behind on loans linked to the property — and their lenders are seeing red. Joseph and Meyer Chetrit were reportedly sued by Mack Real Estate Credit Strategies for failing to pay $223 million
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