Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year-over-year.
Real Estate
In this article 1918-HK Follow your favorite stocksCREATE FREE ACCOUNT A booth of Sunac China is seen at a housing fair in China, May 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said on Thursday it doesn’t expect to make payments coming due on other
Remember when penthouses were squalid structures? Of course, you don’t. It was more than 100 years ago that rooftop lean-tos and sheds were built to house servants atop New York City’s tall buildings. Since then, the allure of living in sky-high residences has soared, along with prices and prestige reserved for the very few. The
Former US president Donald Trump leaves the court room of the State Supreme court on the first day of his civil fraud trial on October 2, 2023 in New York City. Kena Betancur | AFP | Getty Images A New York judge on Friday denied a request by Donald Trump and his co-defendants for a
The historic lodges of America’s national parks owe much of their character to the use of native wood and stone in an architectural style nicknamed “parkitecture.” Structures built in the early days of parks such as Yosemite and Yellowstone were defined by a rustic, hand-crafted look intended to fit into the country’s dramatic landscapes. The
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index
Former US President Donald Trump appeared in court on Tuesday for the third week of a civil fraud trial in New York, on October 17, 2023. Fatih Akta | Anadolu Agency | Getty Images Donald Trump and his co-defendants asked a judge Wednesday to grant a mistrial in the $250 million civil business fraud case
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of
Zillow recently announced its six hottest home trends to watch for in 2024. Four of them are wellness related. No one should be surprised by this, as homeowners are increasingly acknowledging and appreciating the links between their living spaces and quality of life. That’s showing up in both home improvement and resale reports. Here are
Former U.S. President Donald Trump’s son and co-defendant, Donald Trump Jr. attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough on November 2, 2023 in New York City. Shannon Stapleton | Getty Images Donald Trump Jr. is expected to return to the witness stand Monday as the
Take a 20th-century Tudor-style estate, throw in a Moroccan king and British businessman Richard Branson, add beets and tomatoes, and you have the makings of a new ultraluxury community in the rolling hills of New Jersey. Natirar, as it’s called, is a country community based on wellness, sustainable living and connecting with nature. It’s set
Chair of the House Republican Conference Rep. Elise Stefanik (R-NY) speaks during a news conference after a caucus meeting with House Republicans on Capitol Hill May 10, 2023 in Washington, DC. Drew Angerer | Getty Images House Republican Conference Chair Rep. Elise Stefanik on Friday filed an ethics complaint calling for the removal of a
Working from home, you get to avoid all of the noise that accompanies an office environment, including those untimely interruptions by colleagues stopping by to chat. However, a WFH environment presents its own set of challenges, ranging from the sound of your neighbors’ lawnmowers and weed-eaters to household noises and loud family members. Fortunately, active
Ivanka Trump, assistant to U.S. President Donald Trump, listens during an American Workforce Policy Advisory Board meeting in the East Room of the White House in Washington, D.C., U.S., on Friday, June 26, 2020. Al Drago | Bloomberg | Getty Images Ivanka Trump, the eldest daughter of former President Donald Trump, is scheduled to testify
Vail, Colorado, has no shortage of notable landmarks. There’s the mountain itself with world-class skiing and snowboarding, the European-style pedestrian village and Gore Creek, which cuts through the heart of the resort town itself. But for locals and visitors alike, an unusual condominium building also fills the bill: the iconic dome home. The three-unit residence
In this article WE Follow your favorite stocksCREATE FREE ACCOUNT The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. Embattled office-sharing firm WeWork on August 8 warned US regulators that it is worried about its survival. Citing financial losses, cash needs, and a
Miniseries | E+ | Getty Images Homebuyers are dealing with record-high costs this year amid interest rate hikes and shrinking supply. While shopping for homes is increasingly competitive, prospective buyers should consider an additional factor when weighing the pros and cons of a given property: the homeowners association, or HOA. Homeowners associations are run by
A gated complex of five architecturally noteworthy homes is rising on a five-and-a-half acre site just west of Austin, Texas. Located in upscale West Lake Hills, the five-bedroom homes are priced from $12.5 to $18 million with living spaces from about 6,700 to nearly 10,000 square feet. Described as a “private collective,” the five glass-rich
Ivanka Trump David A. Grogan | CNBC Ivanka Trump asked a New York appeals court to pause the $250 million fraud trial of her family and its business empire as she appeals a judge‘s order requiring her to testify in the case next week. The request to stay the entire trial came at the tail
The United States has long seen itself as an open-for-investment free-market bastion. But concerns about national security–and some political grandstanding– could close the doors to foreign buyers, particularly when it comes to farmland. By Kelly Phillips Erb, Forbes Staff The action last week by Arkansas Attorney General Tim Griffin affected a mere 160 acres of
Donald Trump Jr., executive vice president of development and acquisitions for Trump Organization Inc., speaks at the Turning Point Action conference in West Palm Beach, Florida, US, on Sunday, July 16, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images Donald Trump Jr., the eldest son and co-defendant of former President Donald Trump, is expected
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