Real Estate

A Malibu, California property that was once home to the late musician Tom Petty is on the market for $9.85 million, according to listing agent Chris Cortazzo of Compass. Located on Escondido Beach, the property comprises a cabin-style main house as well as a separate guesthouse that Petty used as a music studio. Loaded with

After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates. Applications rose 3.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or

Now that the cold weather is officially upon us, it’s time to think about finding a home to keep you warm and cozy inside while taking in the scenes of the winter wonderland outside. Whether you are looking to be smack dab in the middle of ski country or prefer to be within driving range

As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from

Considering an idyllic spot on the water in the Turks and Caicos Islands? Kira Isle, Leeward, on Providenciales may just be the ticket. The family-oriented community boasts a marina, restaurants, water sports companies and an international school, among other services, according to Gordon Williams of Grace Bay Realty. “Homeowners in this area have the luxury

The Federal Reserve raised its target federal funds rate by 0.5 percentage points at the end of its two-day meeting Wednesday in a continued effort to cool inflation. Although this marks a more typical hike compared to the super-size 0.75 percentage point moves at each of the last four meetings, the central bank is far from

New York City owners of rent-stabilized apartment buildings are facing a perfect storm as a tidal wave of mortgage maturities and resets is fast approaching for properties purchased before the passage of the Housing Stability and Tenant Protection Act (HSTPA) of 2019. The Most Vulnerable Properties Sharply higher interest rates combined with the impact of

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk in front of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Images In an effort to cut costs following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according

Rent Café has released its 2022 year-end report, which looks at the most competitive rental markets this year. Although apartment construction is at a historic high, finding a rental in 2022 has been challenging. Nationally, the average renter had to compete with 14 other apartment seekers to secure a rental, which didn’t stay listed longer

The Federal Reserve is expected on Wednesday to raise interest rates for the seventh time this year to combat stubborn inflation.  The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared with the super-size 75 basis point moves at each of the last four meetings. This would push

After 15 years, one of New Zealand’s most significant properties has been priced for market at $5.2 million―the grand estate’s otherworldly gardens blushed with myth. Its substantial lake was the set piece for a doomed hobbit who found a golden ring buried on its murky bottom for two and half millennia. New Zealand film director

Over the last decade, there was an influx of Americans into regions where climate change is making wildfires and extreme heat more common, according to an analysis of multiple data sets done at the University of Vermont (UVM). Broadly speaking, Americans migrated to the cities and suburbs in the Pacific Northwest, parts of the Southwest

Ocean views, beaches and big waves are enduring attractions. The coastal Southern California city of Newport Beach benefits from its bordering resource with a harbor, surfing and two piers. Not surprisingly, the upscale community also has its share of boutiques, fine dining restaurants and highly sought-after housing. This striking contemporary for sale is in the

Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thinking about a home heat pump? New and expanded government incentives, coupled with sharply rising utility costs, make it more compelling. Especially when

The bathroom is one of the most important rooms in the home. Not only is it a sanctuary, but it’s also a space where the right design choice can add value. 2022 was a unique year for bathroom trends because it didn’t appear that there was anything majorly new, innovative, or must-have. Rather, homeowners were

The Central Business District of Pittsburgh J. Altdorfer Photography | Getty Images After bidding wars during the pandemic, demand for home purchases has fallen amid higher mortgage interest rates. That dynamic has made some markets are more attractive for first-time home buyers for 2023, according to a Zillow report released this week. The real estate

Sellers gearing up for the spring home shopping season need to roll up their sleeves now and spruce up their homes if they want to attract a shrinking pool of buyers. Investing in improvements, maintenance and repairs could pay off when it’s time to sell. New research commissioned by Zillow and conducted by The Harris

In this article BX Follow your favorite stocksCREATE FREE ACCOUNT Investors nervous about Blackstone’s real estate investment trust should view it as a long-term vehicle that’s well positioned for the future, the firm’s president said Thursday. Blackstone has taken heat over the past week for limiting withdrawals from the $69 billion private REIT, the Blackstone

The Tower of Cesare on the Amalfi Coast of Italy is a rare find even in a land filled with centuries-old properties. Rising above the popular tourist town of Maiori in the Campania region of southern Italy, the stronghold was erected in 1532 to help defend the city. One of the largest towers built there

The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a report from FICO, developer of one of the scores most widely used by lenders. However, this marks the first time since the Great Recession that scores did not improve year over year, the report found.