An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images It’s getting harder to be a home flipper. As easy as it might seem on reality television shows, the math is now trickier, thanks to a housing market loaded
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File photo Daniel Acker | Bloomberg | Getty Images Homebuyers seemed undeterred by last week’s turnaround in interest rates, or perhaps they were spooked into action. Strong demand from buyers easily offset the drop in demand from those wishing to refinance. Total mortgage application volume was flat for the week, down a slight 0.1%, according
Workers install fittings for the facade of a luxury condominium building under construction at 277 5th Avenue, a Lendlease Corp. joint venture with Victor Group, in New York, U.S., on Friday, June 29, 2018. Angus Mordant | Bloomberg | Getty Images Demand for commercial real estate design services plummeted into negative territory in August, after
Evan Hudson NEW YORK CITY—In today’s highly competitive multifamily deal environment with buyers streaming in from around the globe, there are as many as 20 to 30 bids for a value-add asset. As many as 10 groups are usually fighting it out in the best and final round of offer. With that type of competition,
Like vast wealth, the view from the 123rd floor of the tallest apartment building in the world can quickly warp your perspective on life. At nearly 1,400 feet, looking down on the Empire State Building, you aren’t just above New York City – you lord over it. Cars become toys and people become dots. Central
Workers install roof trusses on a home under construction in Denver. Steve Nehf | The Denver Post | Getty Images) Confidence among the nation’s homebuilders rose 1 point to 68 in September in the National Association of Home Builders/Wells Fargo Housing Market Index – well above expectations and the highest level of the year. It
Federal Reserve Board Chairman Jerome Powell reacts after the two-day meeting of the Federal Open Market Committee on interest-rate policy on June 13, 2018, when it raised its benchmark rate to 1.75% to 2%. If the Fed cuts this week, the rate will return to that level. Yuri Gripas | Reuters The Federal Reserve is