President Joe Biden has recently announced plans to tackle the issue of affordable housing in the country by introducing new strategies such as tax breaks for first-time homebuyers and “starter home” sellers. During his State of the Union speech, Biden emphasized the importance of housing costs and presented his ideas to address the ongoing crisis.
Real Estate
Sonali Pier, the daughter of Indian immigrants and the youngest of three siblings, embarked on her journey to Wall Street following her graduation from Princeton University in 2003. Starting her career as a credit trader at JPMorgan, Pier entered a male-dominated field where she found herself as one of the few women in the room.
As we approach the official start of spring, the housing market is already showing signs of movement. Despite the fact that mortgage rates remain high, there was an 11% increase in mortgage applications to purchase a home last week compared to the previous week. However, it is important to note that demand is still down
Donald Trump is facing a daunting challenge, trying to avert civil penalties amounting to nearly $540 million without having to immediately produce the full sums in cash or bonds. His legal team is arguing that requiring him to fully secure the judgments could lead to irreparable harm, pushing him to potentially sell off properties hastily
The affluent neighborhood of Delray Beach, Florida, has witnessed a remarkable surge in the luxury real estate market over the past few years. With the average price per square foot of a luxury home doubling from $416 to nearly $840 since 2018, it is evident that Delray Beach has become a hotspot for high-end residential
The U.K. real estate market is expected to make a strong comeback in 2024, attracting international investors who are looking to capitalize on attractive pricing levels. According to new research from Savills, a fall in interest rates and a modest economic revival in Europe will drive inflows from overseas investors, with U.S., Israeli, Japanese, and
When it comes to buying or selling a home, real estate agent commissions can significantly impact the final sale price. Despite the influence these fees have, many consumers are unaware that they have the ability to negotiate the terms of these commissions. Recent research conducted by LendingTree revealed that 31% of homebuyers and sellers were
The stocks of Hong Kong developers saw an increase after Financial Secretary Paul Chan decided to eliminate property cooling measures in a move to strengthen the sector. This decision comes as the industry has been facing challenges due to high borrowing costs and weak economic sentiment. The Hang Seng Property index surged 2.4% after the
The homebuilding industry is experiencing a shift towards environmentally cleaner and more energy-efficient homes. With real estate being a significant contributor to global carbon emissions, it is essential to find sustainable solutions to reduce the environmental impact of buildings. Companies like Dvele, Clever, and Aro Homes are at the forefront of this movement, striving to
Achieving homeownership in America has become increasingly difficult for many aspiring buyers due to various factors plaguing the housing market. According to a recent Bankrate report, about 51% of would-be homeowners point to the high cost of living as a major obstacle, while 54% emphasize their insufficient income given current home prices. This data sheds