It's no surprise big city life is increasingly favored by everyone from Millennials to empty-nesting Baby Boomers. That's helping make micro residential units increasingly popular options in cities from Seattle and Denver to Chicago, New York City and Miami.
Toronto continues to be among the best cities in the world to live in and has earned this reputation for many different reasons. Toronto is home to Canada's top sports teams, entertainment, art, and key business opportunities, not to mention its public health care and education, all of which make Toronto an ideal place to work and play.
Buying a home is a major financial step and long-term commitment. Owning a home is the quintessential American Dream, but aside from the feeling of pride it brings, there are plenty of practical reasons to purchase a home.
Nationally, just 12% of offers written by Redfin, a real estate brokerage, faced a bidding war in June, down from 52% a year earlier. The supply of homes for sale, however, which had been up to over 6% annually in January, is now up by just 2.8%, according to realtor.com.
The former Spelling Manor, custom built for television producer Aaron Spelling and his wife Candy in the late 1980s, has just sold after three years on the market by its most recent owner, Petra Ecclestone, heir to the Bernie Ecclestone and part of the Formula One fortune.
A short drive from Manhattan yet worlds away from the hustle and bustle is a palatial mansion in Saddle River, New Jersey inspired by the iconic Winter Palace in St. Petersburg, Russia. Known as Stone Palace on the Hill, the sublime estate valued at close to $30 million will go up for auction July 23-26.
Mortgage demand has been more than muted for the last several weeks, even as rates sit near two-year lows. Mortgage application volume fell 2.4% for the week last week, according to the Mortgage Bankers Association's seasonally adjusted index.
Declining home sales are "consistent with the possibility of a late 2019 or early 2020 recession," St. Louis Fed economist William Emmons said in a report.
In a recent research paper, Thomas Bohjalian, Head of U.S. Real Estate and Senior Portfolio Manager at Cohen & Steers explains said that "REITs have proven resilient amid escalating trade tensions between the U.S. and China, even delivering a slight gain in the U.S."
Let me ask if this sounds familiar. Your market is expensive. Finding cash flowing rental property is very difficult, if not impossible. Your competition is paying way more for the property than you would ever think makes sense, and you feel like you may be in another bubble.
The celebrity-filled neighborhood of Trousdale Estates in Beverly Hills has a new record-breaker on the books, as Variety has reported. Uber co-founder, Garrett Camp (whom Forbes estimates has a net worth of $4.1 billion), and his partner, Eliza Nguyen, purchased a $72 million newly-built house not far away from the neighborhood's former record holder, Minecraft creator and billionaire Markus Persson, who purchased a $70 million home in 2014.
There's a new trend among home flippers: using Uber drivers to find new properties. Facing fierce competition and higher prices, home flippers are trying out new methods to find more properties and stay ahead of the competition.
There are a lot of reasons you might think about moving to Dubai. Some people move there because it seems like an adventure and a new way of life. Other people move there for work. There are also investors who don't necessarily move there full-time but do put their money to work in various ways.