An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Homebuyers, however, were not impressed. Total mortgage application volume rose 1.9% compared to the previous week, according
The city of Denver, Colorado, has undergone notable growth as skilled professionals and businesses move into the state that prides itself on 300 days of sunshine. “There’s both a homegrown component of creation happening and a real magnet effect of people looking for the quality of life they want in a city. And I don’t
One of America’s least populous states has become surprisingly popular among young adults. North Dakota is far better known for its free-roaming bison than its youth culture — and yet a recent analysis has found that it’s among the top 10 most popular states for Gen Z migration. According to a recent report by storage
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty Images Sales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. The forecast had been for
Some young retirement savers say they might raid their 401(k) accounts to buy a home. Doing so, however, could be to their detriment, experts warn. Nearly one-third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to fund a purchase, according to the Real Financial Progress Index by BMO Financial
A “For Rent” sign is posted near a home in Houston, Texas, on Feb. 7, 2022. Brandon Bell | Getty Images Many Americans are sitting on low-interest-rate mortgages and could face a decision when it’s time to move: sell or rent out their existing property. That choice could be tricky, especially for those eager to
Filmmaker Baz Luhrmann has once again put his Manhattan townhouse on the market, this time with its lowest price yet. The Aussie — known for such films as 1996’s “Romeo + Juliet,” 2001’s “Moulin Rouge” and 2013’s “The Great Gatsby” — has been trying to sell the 38-foot-wide Gramercy residence since 2022, when he listed
Home renovation activity may have cooled somewhat compared to its pandemic-era frenzy, but homeowners are still investing in their spaces, particularly as the spring housing market heats up. And when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns
A real estate construction site in Wanxiang City, Huai ‘an City, East China’s Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to
In this article RDFN ZG Follow your favorite stocksCREATE FREE ACCOUNT Alistair Berg | Digitalvision | Getty Images If you’re in the market for a home, it’s likely some of the properties you see will be new builds. About 33.4% of single-family homes available for sale in the first quarter were newly built, almost double
Ever wonder what a building would look like hanging over Manhattan — because it drapes down over the city from outer space? An architecture firm has formally drafted renderings for the unusual concept. The firm Clouds Architecture Office has fully imagined a particularly pie-in-the-sky development plan, namely to hang a skyscraper upside-down from an asteroid
Manhattan’s retail scene is such a mixed bag as to defy generalization. The Real Estate Board of NY reports fewer available storefronts than last year and rising rents, but overall, conditions are all over the map. For example, Soho and Upper Madison Avenue are strong while Broadway on the Upper West Side resembles a wasteland of
The market tides are beginning to turn against home sellers, especially in two US states that saw a number of people flocking there during the COVID-19 years. Those looking to purchase property in parts of Texas and Florida are at last in luck. The residential market is finally beginning to cool as recently constructed homes
A 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina, available via Sotheby’s Private Sales. Courtesy: RM Sotheby’s A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet
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