Many Americans consider real estate to be the best long-term investment option available. According to a recent survey by Gallup, 36% of Americans ranked real estate as their top choice, surpassing stocks, gold, and savings accounts. This belief in real estate as a solid investment stems from its emotional appeal and the potential for long-term
Real Estate
The Dubai Mall, known as one of the largest malls in the world, is gearing up for a significant expansion that comes with a hefty price tag of 1.5 billion dirhams ($408 million). As it stands, the mall boasts an impressive array of facilities, including 1,200 stores, 200 food and beverage vendors, an aquarium, an
When looking at the current state of the housing market, consumers often point to private equity and real estate investors as potential contributors to high housing prices and decreased homeownership rates. However, experts in the field suggest that while there are various challenges within the housing market, it is difficult to pinpoint whether investor activity
Ford’s latest endeavor involves the revitalization of an iconic Detroit landmark – the Michigan Central Station. Once a symbol of the city’s decline, this abandoned train station is now in the process of being restored by the automaker as part of a new technology campus project. The $950 million endeavor includes the renovation of the
When Paul Lester decided to elevate the experience of selling luxury real estate in Los Angeles, he came up with a unique approach. By hosting a Beverly Hills property viewing that doubled as an art opening, he not only sold individual artworks but also closed the deal on the property itself at a premium price.
The National Association of Realtors reported a significant 7.7% drop in signed sales contracts on existing homes in April compared to March, marking the slowest pace since April 2020. These pending sales serve as a forward-looking indicator of closed sales one to two months later, highlighting the immediate impact of changing market conditions on homebuyers.
The recent increase in mortgage rates has had an immediate impact on the mortgage demand that had been steadily increasing over the past few weeks. With the average contract interest rate for 30-year fixed-rate mortgages rising to 7.05%, the demand for mortgages has seen a decline. This increase in rates, although seemingly small, has caused
For all the die-hard fans of the classic movie “Home Alone,” here comes an exciting news! The mesmerizing house in the Chicago suburbs, which served as the backdrop for the iconic film, is now up for grabs. Located at 671 Lincoln Ave. in Winnetka, the house is not just any ordinary property. It is the
One multimillionaire, Grant Cardone, has been collecting art for around 15 years and describes himself as a spontaneous buyer. He does not consider himself a connoisseur, but rather someone who buys art based on personal preference rather than the artist’s reputation. Cardone mentioned in an interview with CNBC that he buys art on instinct. He
Many aspiring homeowners find the task of coming up with a down payment to be quite daunting. However, according to a recent survey by Clever.com, 77% of future homebuyers have already started putting money aside for this purpose. The report further reveals that 57% of potential buyers plan to put less than 20% down when