The Pending Home Sales Index (PHS) ticked up from April to May by 1.1 percent but remains 0.7 percent below 2018 levels, marking the 17th straight month of year-over-year decreases, according to the latest data from the National Association of Realtors (NAR). NAR Chief Economist Lawrence Yun believes low interest rates are a big reason […]
More than a year after President Donald Trump fired him from his role as Secretary of State, Rex Tillerson is snapping up desirable real estate — the North Texas estate of baseball great Vernon Wells, in particular. Courtesy of Realtor.com The estate of the renowned former Yankee all-star center fielder is the definition of ostentatious […]
A home designed by renowned artist and Chinese political activist Ai Weiwei has hit the market for $5.25 million. Photo courtesy of Michael Bowman Photography Located two hours north of New York City in Ancram, the estate was envisioned as a weekend retreat for Christopher Tsai, a longtime collector of Ai’s art. It’s the only […]
In a move that will surely add heat to the already red-hot, short-term rental world, home sharing giant Airbnb announced a new service this week focused exclusively on luxury properties. Airbnb Luxe will provide guests with “access to unique and spectacular properties” as well as experiences that are “truly magical,” the company said in a statement. Properties […]
Federal officials announced Thursday that they have set aside $330 million to clean up lead-based paint and other environmental hazards in low-income housing. The money will be available in the form of grants from the U.S. Department of Housing and Urban Development (HUD). Cities, counties, tribal governments and other local leadership bodies can apply for […]
In a foreign land, Jay Thompson was robbed of his phone, literally. Here’s the eye-opening experience he had. Source: click here
Here are seven common misunderstandings that can ratchet up tensions in real estate transactions. Clear them up before they mess up your process. Source: click here
Making good on their stated plan, scores of Wayfair employees walked off the job Wednesday to protest their company’s practice of selling supplies for use in immigrant detention camps near the U.S.-Mexico border. Photos from the walkout show crowds of protesters in Boston — where the online home furniture retail giant is based — holding signs […]
The Counselors of Real Estate, an invitation-only professional organization of 1,100 real estate advisers and other professionals around the world, has revealed its annual list of the 10 top issues facing real estate. Source: click here
John Banks, the five-year president of the Real Estate Board of New York announced Wednesday that he’s retiring to spend more time with his family and pursue philanthropic interests. Jim Whelan, the current executive vice president, has been confirmed to succeed Banks. Source: click here
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