Real Estate

As temperatures soar during the summer months, the real estate market is feeling the heat—quite literally. A recent analysis reveals that heat waves have significantly diminished the foot traffic in open houses across various regions. In fact, the drop in pending home sales by 5.6% compared to a year ago marks the steepest decline observed

On Wednesday, the Federal Reserve reaffirmed its decision to maintain the existing interest rates, even as inflation stabilizes above the target rate of 2%. This decision comes on the heels of significant economic shifts that include a substantial reduction of the benchmark interest rate by one percentage point last year. The backdrop of this announcement

In the wake of the COVID-19 pandemic, New York City’s commercial real estate market faced unprecedented challenges as businesses adapted to remote work. However, recent reports indicate a remarkable turnaround, showing that the demand for office space has returned to pre-pandemic levels. A substantial 25% increase in office demand during the fourth quarter from the

The real estate landscape often fluctuates, reflecting broader economic conditions and buyer sentiment. Recently, a notable contraction in signed contracts on existing homes has been reported, sparking discussions about the ramifications for the housing market. According to the National Association of Realtors (NAR), there was a sharp 5.5% decline in signed contracts for December, mirroring

In recent weeks, mortgage rates have demonstrated a surprising level of stability, particularly when compared to the fluctuations consumers have grown accustomed to in prior years. Currently, the average interest rate for a 30-year fixed-rate mortgage remains at a demanding 7.02%. This steady rate has been accompanied by a slight uptick in points, now averaging

In recent weeks, the Pacific Palisades neighborhood of Los Angeles has felt the devastating effects of catastrophic wildfires, leaving many families displaced and mourning the loss of their homes. Dr. Damon Raskin’s family stands as a poignant example of the challenges and decisions faced by many in the aftermath of such disasters. They found themselves

As the financial world gears up for the Federal Reserve’s forthcoming two-day meeting, there is growing anticipation about the central bank’s decision regarding interest rates. Recent statements from former President Donald Trump highlighting a desire for immediate rate reductions add a layer of complexity to the discussion. However, the Fed appears committed to maintaining the

Finding a rental property can be an exhilarating experience, whether you’re moving to a new city or simply relocating within your current neighborhood. The thrill of discovering a new space to call home, however, can quickly turn into a nightmare if you fall victim to a rental scam. Unfortunately, it is an all-too-common scenario, wherein

Insurance premiums have been on a significant upward trajectory, with recent catastrophic events, particularly the severe wildfires in California, amplifying concerns and accelerating this trend. Analysts are forecasting that these wildfires could set a new record as the most expensive in U.S. history, potentially costing over $20 billion in insured losses, as estimated by JPMorgan

The landscape of mortgage rates presents a complex and often perplexing picture for prospective homebuyers. With recent increases in mortgage rates, even amidst cuts to the Federal Reserve’s interest rates, many are left grappling with their next move. Finance experts warn that buyers are caught in a challenging position as they weigh the prospect of