Industry News

Washer/dryer now allowed! Few sentences in a listing description cause so much excitement for Manhattan apartment seekers. But in a land where nearly three-quarters of the residential sales market is in co-operative buildings that typically don’t allow them, this phrase alludes to better times ahead. One simple amenity can create excess value within the market

In one of Malibu’s priciest deals of the year, Steve Levitan — creator of shows such as “Modern Family” and “Just Shoot Me” — has sold his house on Broad Beach for $14.17 million.He nearly tripled his money with the sale. Records show he paid just $5.4 million for the property in 2002.Like many of

The renowned architect Rex Lotery died in 2007, but his legacy lives on.He designed homes for decades and is best-known for designing a Trousdale Estates mansion in Los Angeles for Elvis and Priscilla Presley. For his personal residence, he created a modernist masterpiece in Santa Barbara in the 1990s that won the American Institute of

Dolph Lundgren has won his bout with the Hollywood Hills housing market, selling his modern, boxy abode for $3.71 million.The Swedish actor and martial artist — famous for playing Ivan Drago in “Rocky IV” and starring in other action films such as “Masters of the Universe” and “Universal Soldier” — had owned the property since

Kahala, one of Honolulu's priciest areas, has long been in demand with local and international luxury homebuyers. The lure of Kahala dates back decades. Oceanfront Kahala Avenue was where Kama'ainas lived in homes often passed down from generation to generation. Many weren't particularly fancy. They didn't need to be, with the sand and surf just

With only one month left in 2021, it’s time to start looking ahead to housing market predictions for 2022. Using data from Redfin RDFN , including sales-to-list price ratios, median sale prices, days on market, and for-sale inventory from October 2016 to October 2021, we’ve determined which cities have the hottest housing markets going into

At the turn of the 20th century, the Keweenaw Peninsula of Michigan’s Upper Peninsula became a boomtown as it developed into the first major copper mining region in the United States. Fortunes were literally made overnight. Wealth was largely concentrated in the town of Laurium, where mine owners and sea captains built their large houses and mansions. Constructed

Over the past 10 years, the population of Chicago stagnated. In the last three years it decreased 1.5 percent - 110,000 fewer people; not surprisingly, rents rose only 7 percent and home prices 7 percent. About 200,000 people packed up and moved out; many to Champaign, Rockford and elsewhere in Illinois, but also to Phoenix,

After a lifetime of living paycheck to paycheck as a single mom, Melinda Wolfe resolved to invest in herself and buy a home.“It didn’t make sense to continue to pay $1,900-$2,100 (a month) in rent when it goes out the window,” said Wolfe, 54, who works out of her home for a health insurance company.

I expect mortgage rates to rise modestly in December, especially toward the end of the month. As we approach the end of 2021, bond traders will cash out so they can take a few days off without worrying about having to react to abrupt price changes. When the traders sell their mortgage-backed securities just before