Real estate is increasingly a tale of two markets — a luxury sector that is booming, and the rest of the market that continues to struggle with higher rates and low inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, … Read more
Jannese Torres is the founder of the blog Delish D’Lites and the podcast “Yo Quiero Dinero.” Photo Jannese Torres In her upcoming book, “Financially Lit!: The Modern Latina’s Guide to Level Up Your Dinero & Become Financially Poderosa,” author Jannese Torres discusses how she became the first woman in her family to graduate from college, … Read more
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last … Read more
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously-owned homes dropped 4.3% in March compared with February, to a seasonally adjusted, annualized rate of 4.19 million units, according to the National Association of … Read more
An Adelaide woman said she’s about to lose her dream home because she’s been slapped with a bill for an extra $144,000 on top of the original price to finish construction of the dwelling and she cannot afford to pay. Fidelma McCorry signed up for a development constructed by Lofty Building Group in October 2021 … Read more
West Eleventh residences, a luxury building in downtown Miami slated to break ground this summer, promises “endless indulgences.” It will feature an entertainment center, food hall, and a resort pool with private lounges—no amenity is spared. But these condos are designed to lure more than just Miami residents. The tower is part of a new … Read more
The cheapest freestanding home on the market in NSW is selling from $49,000 — but there’s a catch. Located in Bourke, in NSW’s northwest, the home is referred to as “cheap as chips” in the online listing. The average house price in Sydney was $1,595,310 in December last year, according to Domain’s House Price Report. … Read more
The Biden administration is racing to finalize regulations to curb planet-heating emissions from lightbulbs, automobiles and trucks before a key deadline, after which any new rules could be undone by Donald Trump if he retakes the White House. With just over six months before the election, at least one major Biden proposal appears to be … Read more
WASHINGTON — The White House is hesitating to finalize a government policy meant to reduce housing segregation out of fear it would cause a conservative backlash, according to a senior official. The Biden administration’s new proposal is a redo of a fair housing rule that Donald Trump rescinded in 2020. He’d claimed it would “destroy” … Read more
The pain keeps piling on for Australia’s long-suffering renters. Asking rents rose their fastest in 17 years in the first quarter as the typically busy start-of-year changeover collided with an already tight market. The median cost of renting a house in the combined capitals reached a record $630 a week, according to real estate platform … Read more
