Category: Real Estate
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Latest Stats Rewrite Conventional Wisdom On Covid Housing Impact
After almost two years of increasing demand, housing starts are poised to decline in coming months. This is among factoids divulged in newly released housing industry data, including LegalShield Economic Stress Index and Magnetic Collective/Century 21 findings regarding the pandemic’s effects on the real estate market. The dichotomy of elevated demand and moribund sales is…
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Jack Nicklaus, Justin Thomas team up to launch ultra luxury Florida golf community
Rendering of Panther National Clubhouse Courtesy: Panther National A golf legend and a one of the PGA’s hottest young stars are teaming up to create a luxury golf community in Palm Beach County, Florida. Hall of fame golfer Jack Nicklaus, 82, and 28-year old PGA Tour star Justin Thomas broke ground Tuesday at Panther National…
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Here Are The Unique Ways 14 Creators And Entrepreneurs Decorate Their Homes
Entrepreneurs and creators inspire us in so many ways. While their homes are often a byproduct of their success, how they choose to decorate and design these spaces is often a reflection of who they really are. Here are the unique ways that fourteen different creators and entrepreneurs in a variety of fields from fashion…
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Magnificent Malibu Mansion For Sale For $125 Million
For the ultimate in privacy, security and seclusion paired with luxury and great design, there are few better examples for sale than the estate on the bluffs of the world-renowned Paradise Cove Beach in Malibu, California. Encompassing just over six and one-half acres, the property includes 339′ of beach frontage. To access the beach from…
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Made a profit selling your home? Here’s how to avoid a tax bomb this filing season
Getty Images If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago, according to ATTOM, a nationwide property database. While many…
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Museums are in a race to save America’s treasures from climate change
The nation’s museums are facing increased flooding and more frequent wildfires, and all that history inside is at risk. The value at stake is incalculable. Now the rush is on to make the structures more resilient, but funding that will be a feat. The problem is particularly acute at the nation’s Smithsonian museums. At the…
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Waterfront Home On A Resort Island In The Bahamas Asks $9.5 Million
You won’t need your car keys here. This private island sanctuary in the Bahamas is only accessible by boat, seaplane or helicopter. Montage Cay, a resort community on Abaco Island, will offer 50 suite accommodations, seven white sand beaches, a full-service spa and swimming pools when it opens next year. The deep-water marina has 46…
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Las Vegas’ Ultra-Luxury Home Market Has Reached World-Class Status Catering To Every Lifestyle
Las Vegas’ emerging and evolving ultra-luxury home (properties above $5 million) market has reached world-class status offering diverse five-star lifestyles to a new demographic of buyers. Anthony Spiegel, one of the area’s top-producing brokers in that rarefied ultra-luxury sector at The Ivan Sher Group, studies market dynamics. “We never really had an ultra-luxury market here in…
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January home sales jump 6.7% despite a record low supply
A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3%…
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Off-the-grid homes made of recycled garbage, ‘earthships’ could become million-dollar climate-change havens
Mike Reynolds, 76, started building “earthships” in Taos, New Mexico, more than half a century ago. For many years, most people thought he was nuts. Why is this idiot using garbage to build with, and why is this idiot trying to make buildings that don’t need utilities?” said Reynolds, summarizing what people thought of him.…
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Hawaii Waterfall Retreat And “Love Island” Filming Location Seeks $10 Million
Perched atop a cliff overlooking the Pacific Ocean on Hawaii’s Hamakua Coast, the seaside retreat, Water Falling Estate, has something of a Hollywood history. Initially purchased in 2016, the nearly 11,000-square-foot showplace has been rented out to several big names, including European royalty and pop superstar Justin Bieber. ADVERTISEMENT Set on nine-plus acres in Ninole…
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Catastrophe Report Warns Of The High Price Tag Of Damage From Extreme Weather Events
A new climate change catastrophe report by CoreLogic, a real estate data analytics provider, takes a look at how many homes were affected in 2021 by hurricanes, severe weather, winter storms and wildfires and warns of the high price tag of property damage or loss. A natural hazard can not only devastate a community but…
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Think banks, debt collectors need reform? The Biden administration wants to know
Rohit Chopra, director of the Consumer Financial Protection Bureau. David Ryder/Bloomberg via Getty Images The Biden administration is trying to empower consumers to help rewrite the rules governing how banks, lenders and other financial institutions can treat customers. The Consumer Financial Protection Bureau — a federal agency created in the wake of the 2008 financial…
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Homebuilders’ confidence falls as they wait months for cabinets, garage doors and appliances
A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuilders appear to be getting worse, and that is weighing on confidence in the industry. Builder confidence in the single-family, newly built housing market…
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Disney Launching New Residential Communities For Fans
Topline Disney’s theme park division is developing master-planned residential communities that the company claims will meet demand from fans looking for “new ways to make Disney a bigger part of their lives,” the latest project in the Mouse House’s decades-long efforts to expand into residential development. Key Facts “Storyliving by Disney” communities will be master-planned…
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FCC Announces Crackdown On ‘Sweetheart Deals’ Between Landlords And Internet Providers
Topline The Federal Communications Commission announced Tuesday it plans to crack down on “sweetheart deals” between landlords and internet providers that circumvent existing FCC rules to effectively prevent tenants from shopping around for cheaper or higher-quality internet access. Key Facts The FCC’s new rules will prohibit broadband providers from entering into certain revenue-sharing agreements with…
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Soaring lumber price adds nearly $19,000 to the cost of a new home
A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Getty Images The price of lumber has been on a roller coaster since the start of the pandemic, and it’s climbing a big hill yet again. After falling back sharply from a record high in…
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States’ Build Back Better Plans For Affordable Housing Hinge On Innovators
The Biden White House’s Build Back Better moonshot shattered late last year. So, what’s to become of its zillion pieces, like the promise of upwards of $200 billion the massive social agenda had penciled in for a desperately-needed housing safety net? As the question of whether a core slate of Federal social programs might ever…
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Soaring rental prices make it even more difficult to save for a house
This is an excerpt from the CNBC Make It newsletter. Subscribe here. If you’ve been paying attention to headlines (or your own lease renewal) then you’ve likely seen that rent is higher than it was a year ago. A lot higher. Putting a larger share of your income toward rent is, obviously, bad for your finances…
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$6.3-Million Penthouse Is An Island In The Portland, Oregon, Skyline
A penthouse apartment is a sought-after dwelling in any major metropolitan area – enabling the owner to be part of the city while surveying it from a private perch above. This 31st floor residence atop the John Ross building in Portland takes in 360-degree views of mountains, rivers and the cityscape. Floor-to-ceiling windows and a…