Isabella Mori, 50, is a resident of Vancouver, Canada, and she found the price of housing in her home town overwhelming. Unsurprising, since Vancouver has the second most unaffordable housing in the world. Her solution? Build her own home at a cost of only CAD $39,000 (USD $30,995). Show More Summary
Interesting paper: No Price Like Home: Global House Prices, 1870-2012, by Katharina Knoll, Moritz Schularic, and Thomas Steger: Abstract: How have house prices evolved over the long?run? This paper presents annual house prices for 14 advanced economies since 1870. Based...
The good news is very nice: mortgage rates are stable near 3.75 percent, sales of existing homes have risen 10.4 percent in the last year, and sales of new ones have soared 19 percent. Even the poor news is good: a softer-than-expected economy is holding the Fed at bay...
Location: 210 Frederick St. at Downey St. Size: 5-bed, 3.5-bath, 3,353-square-foot single-family home Price: $3.695M Pitch: "Beautifully Renovated/Restored Cole Valley Residence on 3 incredible living levels + 3 Car Garage. Rebuilt from the walls out w/ meticulous attention to detail....
Consider it something like the holy grail of postmodern homes in Chicago's Lincoln Park neighborhood. This thing is so '90s, it could have played a supporting role in Space Jam. While this angular three bedroom home looks shiny and....
An upbeat economy and better prospects in the labor market resulted in positive developments in the housing market as well. The sale of existing houses, among the most important drivers for the home improvement industry, witnessed a 2.7% increase in Q4 of 2014 after declining in the first three quarters. Show More Summary
From housing economist Tom Lawler:PulteGroup reported that net home orders in the quarter ended March 31, 2015 totaled 5,139, up 5.7% from the comparable quarter of 2014. The average net order price last quarter was $332,400, up 0.5% from a year ago. Show More Summary
The Bloomberg consensus estimate for new homes sales was an overly-optimistic 518,000. Instead, it's bad news again as new home sales fell a very steep 11.4 percent to a 481,000 annual rate. New home sales -11.4% New homes sales in South -15.8%, West -3.4%, Midwest +5.6%, -33.3% Northeast Median price fell 1.5% to $277,400. Show More Summary
Something doesn't quite add up when the median price of a new home is just shy of all time highs, while the actual number of new homes sold is just shy of all time lows.
Luxurious foods are, practically by definition, extremely expensive. Except for gravlax. For the price of a fresh piece of salmon, you can cure your own gravlax at home, then slice it and serve it as one of the most elegant hors d'oeuvres or light appetizers imaginable. Here's how to make it.
Bonavita 1900TS makes fantastic coffee with ease and reliability for a mid-range price tag
Median home prices in the Hamptons climbed to a first-quarter record this year, reaching $920,500, according to a market report released Thursday. The previous first-quarter high of $908,500 was in... To view the full story, click the title link.
A Los Angeles mansion listed for $85 million has sold for a price of around $60 million, the highest sum paid for a home in California this year. The Singleton Estate, at 384 Delfern Dr., in the prestigious Holmby Hills section of Los Angeles, has closed for an undisclosed price to buyer [...]
From housing economist Tom Lawler:D.R. Horton, the nation’s largest home builder, reported that net home orders in the quarter ended March 31, 2015 totaled 11,135, up 29.9% from the comparable quarter of 2015. The average net order price last quarter was $284,400, up 2.0% from a year ago. Show More Summary
OWNER: James “Jim” Belushi LOCATION: Los Angeles, CA PRICE: $16,000 per month SIZE: (approx.) 3,500 square feet, 4 bedrooms, 3.5 bathrooms YOUR MAMA’S NOTES: A well-maintained home in L.A.’s casually ritzy Brentwood area, owned per The Bizzy Boys at Celebrity Address Aerial by James “Jim” Belushi, has come up for lease at $16,000 per month. Property... Read more »
Inventory is still very low (but up 2.0% year-over-year in March). More inventory will probably mean smaller price increases and slightly higher sales, and less inventory means lower sales and somewhat larger price increases. This will be important to watch over the next few months during the Spring buying season. Show More Summary
Two different segments of the housing market are yielding two different price trends.
Start of spring buying season marked by rise in prices as buyers return to real estate after two-month lull
If you've previously been put off LED bulbs by the price, now may be the time to reconsider. Philips, in partnership with The Home Depot, has announced that it will sell an A19 60-W LED equivalent bulb for just US$4.97. The firm says it's the most affordable LED bulb on the market... Show More Summary