Sales of ultra-luxury homes have seen a significant surge in top markets such as New York, Miami, and Palm Beach, Florida, during the second quarter of the year. According to a report from real estate firm Knight Frank, the number of homes selling for $10 million or more experienced a 44% increase in Palm Beach,
Real Estate
Dubai’s real estate sector seems to be on an unstoppable upward trajectory, with sales figures and property values soaring to unprecedented levels in 2024. Local real estate firms are reporting record-breaking numbers, fueled by a surging demand for property, particularly in the luxury segment. As the United Arab Emirates cements its position as the world’s
Renowned economist Joseph Stiglitz, Nobel Prize winner of 2001, has voiced his concerns over the Federal Reserve’s monetary policy decisions. Stiglitz has been critical of the Fed’s approach, claiming that they have been too aggressive in tightening monetary policy, leading to potential worsening of inflation issues. He is advocating for a half-point interest rate cut
The real estate market has seen a significant increase in home listings recently, with active listings in August up by 36% compared to the same month last year. This marks the 10th consecutive month of annual growth in home inventory. Despite this positive trend, the supply of homes for sale is still 26% lower than
London landlords are faced with a challenging decision as they find themselves selling buy-to-let properties at record rates due to anticipated tax hikes from the U.K. Labour government. Data from property portal Rightmove shows that almost one-third (29%) of homes currently for sale in the capital were previously rented out, indicating a significant shift in
When it comes to the real estate market in Manhattan, New York, prices can seem astronomical to many. With a median price per square foot of $1,500, buying a property in the city can be a daunting task for most people. However, a recent report by My Dolce Casa sheds light on just how far
China’s housing market has been facing significant challenges, and according to JPMorgan economist Haibin Zhu, the situation is far from being resolved. Despite various government stimulus and support measures, the sector continues to struggle. The recent data released by China Index Academy shows a slight increase in new home sales prices, but a decrease in
REA Group, a property listings company owned by media mogul Rupert Murdoch’s News Corp, has announced its intention to potentially acquire the U.K. property portal Rightmove. This move is aimed at creating a global digital real estate business, signaling a significant strategic shift for both companies in the competitive real estate market. Market Response and
The landscape of consumer behavior is shifting rapidly, with more Americans opting to rent rather than own various goods and services. According to a report by Intuit Credit Karma, the rental industry has seen significant growth in recent years, offering everything from power tools to designer handbags for rent. The ease of access and affordability
In recent times, the American Dream of owning a home has become increasingly unattainable for many individuals. This can be attributed to the combination of higher mortgage rates and a shortage of houses in comparison to the demand for them. The median sales price for homes has continued to rise, reaching $422,600 in July, a