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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Paris Hilton is the latest celebrity to lose their home in the Palisades Fire. The heiress and entrepreneur’s beachfront house in Malibu has been burned down, she confirmed in an emotional social media post on Wednesday. “Heartbroken beyond words.💔 Sitting with my family, watching the news, and seeing our home in Malibu burn to the
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even
A sprawling Hudson Valley estate once touted as a modern engineering marvel has seen its price slashed to a quarter of its original ask. Ledgerock, a 15,000-square-foot mansion perched on the banks of the Hudson River, is back on the market for $11.25 million after failing to sell for three years, according to the Wall
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