Disney’s latest venture isn’t a theme park or a movie, but a residential community in North Carolina. However, the announcement of “Asteria” has left locals with skepticism and curiosity, likening the idea to something out of a dystopian novel. Settled in Pittsboro, Chatham County — just outside the “Triangle” area of Raleigh, Durham and Chapel
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Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report
The real estate crystal ball has good news to share. This year’s stagnant market may have been defined by high rents, housing costs and mortgage rates — but it’s almost over, and the next one holds better things, according to residential real estate brokerage Redfin. The company has released its end-of-year forecast, and would-be homeowners
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Source: Bloomberg Bloomberg | Bloomberg | Getty Images BEIJING — China
Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%,
The Pepsi Generation is on the move. Mauro Porcini, chief design officer for PepsiCo and the 2022 American Prize for Design laureate, just bought a six-bedroom, new-construction modern home in Southampton for $4.69 million — complete with a Barbie-pink-and-baby-blue tennis court. Porcini worked closely with Mazi Holdings to build the property of his dreams, at
itsskin | Getty High interest rates have pushed many would-be home sellers and buyers to the sidelines in 2023. Yet there are signs both sides may be more willing to take on a high-rate mortgage if other key factors aligned. More than half — 54% — of homeowners said they would move if they found
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty Images China’s recent policy support is aimed at fixing its system and shouldn’t be seen as economic stimulus, according to Societe Generale’s Asia chief economist and head of research. “Actually, to be frank, I don’t think anything [that]
A rambling property that has long been owned by actor Patrick Duffy will soon hit the auction block with no minimum reserve price. In southwestern Oregon, his Rogue Valley ranch is set to begin accepting bids this Thursday, and will remain open through the 14th, Mansion Global first reported. The 300-plus-acre property has belonged to
We weren’t exaggerating when we recently foresaw a “rolling thunder” cavalcade of large new office deals by year’s end. But the largest was one we didn’t see coming: a 445,000 square-foot expansion by Wells Fargo at Related Companies’ 20 Hudson Yards that swallowed up all of the former Neiman Marcus floors as well as adjacent
Variety won top honors Sunday at the National Arts & Entertainment Journalism Awards, taking the trophy for best entertainment publication along with 11 other first-place wins. The May 3 cover package “No Words: What the Writers Strike Means for Hollywood” was recognized in the category of best entertainment publication during the ceremony held at the
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm’s court hearing over its possible liquidation was postponed to Jan.
A famous work of street art has gone down with its ship. In the coastal English town of Dover, a landmark piece by the long-celebrated street artist Banksy has been destroyed as a result of its building’s demolition — but parts of the work may still get another life, CNN reported. The mural, which depicted
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