High mortgage rates and elevated home prices combined to significantly reduce home sales in January. Pending sales, which are based on signed contracts for existing homes, fell by […]
Gatwick Airport: Second runway backed by government
The UK government has expressed support for a second runway at Gatwick Airport, contingent on noise reduction measures. Transport Secretary Heidi Alexander stated she is ‘minded to approve’ […]
Model Karolina Kurkova and husband are at war with Fisher Island’s exclusive members-only club
Supermodel Karolina Kurkova and her husband, real estate broker Archie Drury, are suing the Fisher Island Club, an exclusive members-only club on a private island near Miami. Filed […]
Home Depot exec says Americans may soon embrace sky-high mortgage rates as ‘the new normal’ and invest in housing anyway
A Home Depot executive has suggested that Americans might soon come to terms with elevated mortgage rates as “the new normal” and continue investing in housing regardless. This […]
Home Depot snaps its losing streak
Home Depot has resumed growth, ending a streak of declining sales. The largest home improvement retailer in the U.S. reported on Tuesday that same-store sales increased by 0.8% […]
Apollo to buy real-estate management firm Bridge Investment for $1.5 billion
Bridge stockholders and unit holders will receive 0.07081 shares of Apollo stock for each share held, valued at $11.50 per share, representing a 45% premium over Bridge’s last […]
Buyers Strike Crushes Green Shoots of Demand for Existing Homes Amid Surging Supply
Demand in the resale market continues to decline despite initial signs of recovery. Sales of existing homes in January dropped by 4.9% from December to an annual rate […]
January home sales fall as high mortgage rates, prices freeze out would-be buyers
Sales of previously occupied U.S. homes declined in January due to rising mortgage rates and home prices deterring potential buyers despite a broader selection of properties. Sales dropped […]
Hail becomes a growing climate concern for US insurers
The US insurance industry faces a mounting crisis as hailstorms, fueled by climate change, increase in severity and frequency. Said Ahmad, a Denver roofing business owner, notes that […]
America is about to enter an apartment crunch
Over the past two years, renters have enjoyed a favorable market as a surge in apartment construction helped moderate rent prices from their pandemic-era highs. Last year marked […]