Real estate
Home prices hit record high in May as sales stall
Sales of previously owned homes are sitting at a 30-year low and didn’t move much in May as prices hit a new record and mortgage rates remain high. So-called existing home sales in May were essentially flat, down 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units, according to the National […]
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Singapore’s ‘shophouses’ are catching the eye of the rich, with some forking out tens of millions
Row of shophouses in Singapore’s Katong area. Olivier Chouchana | Gamma-rapho | Getty Images SINGAPORE — The ornate, colorful “shophouses” that line the streets in some old neighborhoods of Singapore are not what immediately comes to mind when people think of the city-state. In a country where land is scarce and public housing can cost […]
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Luxury homes on these beaches are losing value fast, as effects of climate change hit hard
As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change. This year’s hurricane season is already underway, […]
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WeWork emerges from individual bankruptcy, announces John Santora as new CEO
A WeWork co-operating business office house in New York, US, on Tuesday, Nov. 7, 2023. Yuki Iwamura | Bloomberg | Getty Photos WeWork, the shared business house corporation after valued at $47 billion, emerged from personal bankruptcy on Tuesday, and named Cushman & Wakefield government John Santora as its new CEO. WeWork filed for Chapter […]
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Home fairness is near a history higher. Tapping it could be tricky thanks to substantial interest fees
Crucial Factors Owners with home loans have $17 trillion in property fairness, in the vicinity of a record large, according to CoreLogic. Accessing housing prosperity is challenging correct now thanks to substantial interest charges, fiscal advisors mentioned. Choices for householders involve a household fairness line of credit rating, reverse home finance loan and promoting their […]
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Buying a residence of ‘Home Alone’ or John Lennon fame? There is certainly a premium for that
Vital Details A range of popular households are for sale. They contain the houses in “House By yourself” and “Entire Household,” as nicely as properties owned by Beatles member John Lennon and Yoko Ono, and actor Paul Reubens, acknowledged for his character Pee-wee Herman. Renowned houses generally fetch a price premium, according to luxury genuine […]
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How Walmart turned Bentonville, Arkansas into a boomtown
ShareShare Report via FacebookShare Posting by using TwitterShare Article by way of LinkedInShare Posting by means of Email Walmart’s hometown of Bentonville, Arkansas has turn into a boomtown with numerous amenities you could possibly be expecting to come across in New York or San Francisco – fancy dining establishments, craft cocktails, bicycle paths and a […]
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Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an […]
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See inside Ford’s new tech campus, a century-old Detroit train station restored for $950 million
Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned […]
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