andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans’ finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillion in the first quarter of
Real Estate
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images After two years of not being able to build homes fast enough to keep up with demand, the nation’s homebuilders are now experiencing a slowdown
You may not expect to find a mountain home in Breckenridge, Colorado, with sleek lines, lots of glass and a modern flair, but that’s just what this European-inspired contemporary home offers. ADVERTISEMENT “There are several unique factors that make this house so special,” said listing agent Jeff Moore of Slifer Smith & Frampton Real Estate.
Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession, according to a new report from Redfin, a technology-powered real estate brokerage, which also found that relatively affordable Northern
There’s not a whiff of ambiguity in one of the moment’s heartbreaking headliners spotlighting housing’s affordability crisis. “The United States has a deep, decades-old housing shortage.” New York Times staffers Conor Dougherty and Ben Casselman did not bury their lead. They hinge analysis that follows on a baffling, self-fulfilling riddle at the crux of an
New homes under construction in Tucson, Arizona. Rebecca Noble | Bloomberg | Getty Images Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage
The “Open the pod bay doors, Hal” command from the 1968 sci fi classic 2001: A Space Odyssey might be the most famous voice control request in cinematic history. The dystopian response from the artificial intelligence computer HAL 9000, “I’m sorry, Dave. I’m afraid I can’t do that” is just as famous – or, more
While the impact of the latest Covid variants can and will be debated, it’s evident the travel restrictions that accompanied the pandemic have been eased. No longer must Yanks who travel to the British Virgin Islands, Hawaii or Mexico face as many stiff travel restrictions going and returning. That’s allowed would-be American home buyers the
In China, people typically buy apartments before they are completed. Pictured here on June 28, 2022, are unfinished residences in Nanning, Guangxi Zhuang Autonomous Region. Future Publishing | Future Publishing | Getty Images BEIJING — Goldman Sachs has cut its forecast for the MSCI China index due to a worsening slump in China’s property market.
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is waging an intense fight against rising prices, using interest rates as its primary weapon. A side effect of raising
Whether you are looking for adventure or seeking tranquility, there is an undeniable allure to Big Sky Country’s stunning natural landscape with its snow-capped mountains and rolling green fields. After all, it is here where some of the country’s most famous national parks can be found, along with state treasures like Lone Pine State Park,
Set on the Mediterranean Sea, the busy port of Valencia, Spain, has a lively historic center. This newly renovated flat is in the heart of the city next to the town hall with its iconic clock tower and baroque features, the art nouveau Estación del Norte railway station and other landmark buildings. The walkable area
The U.S. dollar has been the world’s dominant currency for three-quarters of a century, and though it may not be apparent to inflation-wracked Americans, the currency maintains more purchasing power than most of its major rivals. That’s helpful to U.S. consumers, though it comes at a cost. Inflation is diminishing the value of the euro,
If you’ve owned one, we needn’t remind you of the headaches and costs a vacation home can deliver. Hassles, maintenance and cash outflows can seem never ending. Maybe that’s why the pandemic era has ushered in the age of luxury co-ownership. Owners can acquire a piece of an ultra-luxurious property, view it as they might
The colonial Mexico city of Dolores Hidalgo holds special significance in its history as the birthplace of its national independence from Spain. Today, the small yet vibrant setting in north-central Mexico is a cultural delight with winding cobblestone streets lined with shops and vendor stalls offering beautiful Talavera pottery, a heritage style that originated during
The town of Darien occupies a prime spot along Connecticut’s Golden Coast. Stretches of trees blanket the lush landscape with a canopy of green. Parks and summer sports camps are abundant. Public beaches line the waterfront. Views take in the Long Island Sound. Yet, it’s close enough to New York City to be considered a
Former President Donald Trump Jonathan Ernst | Reuters A former special New York prosecutor who quit a criminal investigation of ex-President Donald Trump after his boss declined to lodge charges at the time said that if Trump “had been Joe Blow from Kokomo, we would have indicted without a big debate.” “I believe that Donald
Brendan Wallace, co-founder and managing partner of Fifth Wall in their Manhattan office. Source: CNBC Fifth Wall, a venture capital firm focused on real estate technology, is tripling down on its bet that climate tech will become an integral driver in the real estate space. It just announced commitments of half a billion dollars to
The evolution of a historic home informs its present in myriad ways. Claremont Country Estate, classified as a New Zealand historic building, was built in 1890 for George Hampton Rhodes, a member of a prominent family that had extensive land holdings in Canterbury. Among their varied professions were livestock ranching, investment, manufacturing, shipping and politics.
“Turtle-esque” may not be a common adjective to describe a piece of property, but in the case of this coastal Hawaiian estate, it is a fitting descriptor. Named Honu Hale, or Turtle House, the oceanfront home located in the heart of Napili on the western shores of Maui shares many traits with its shelled namesake,
The Asian Development Bank has cut its growth forecast for China due to concerns over the country’s zero-Covid approach and strict lockdowns, which put even more pressure on the real estate sector. Gross domestic product growth for the world’s second largest economy is expected to be at 4% in 2022, down from an earlier estimate