Real estate has been considered as the best long-term investment by a significant percentage of Americans. Gallup, a global analytics and advisory firm, conducted a survey that revealed about 36% of Americans ranked real estate as the top long-term investment, surpassing stocks, mutual funds, gold, and savings accounts or certificates of deposits. The study highlighted
Real Estate
Recent data from the Mortgage Bankers Association indicates that mortgage interest rates have reached their highest level since early May, resulting in a decrease in mortgage demand for the second consecutive week. Mortgage application volume fell by 5.2% compared to the previous week, reflecting the impact of rising interest rates on the housing market. Applications
The Dubai Mall, known as one of the largest malls in the world, is set to undergo a massive expansion that will cost an estimated 1.5 billion dirhams (approximately $408 million). This sprawling shopping complex in the heart of the United Arab Emirates has already established itself as a hub for luxury shopping, dining, and
The housing market has been a topic of concern for many consumers, with some attributing high housing prices to real estate investor activity. According to experts, the data shows that real estate investors purchased approximately 44,000 U.S. homes in the first quarter of 2024, reflecting a slight increase of 0.5% from the previous year. These
In the competitive world of luxury real estate, standing out from the crowd is essential to attract high-end buyers. One innovative approach that has been gaining traction is the integration of art into property viewings. Paul Lester, a partner at The Agency in Los Angeles, has successfully leveraged this strategy by transforming property showings into
The National Association of Realtors reported a significant drop in signed sales contracts on existing homes in April, signaling the slowest pace since April 2020. This decline in pending sales can be attributed to the surge in mortgage rates, impacting buyer behavior in real time. Sales were down across all regions of the country, with
The recent increase in mortgage rates has had a direct impact on mortgage demand in the market. After a slight decline in rates during May, there was a noticeable uptick in rates last week. This rise in rates was reflected in the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances. The
Multimillionaire Grant Cardone, known for his real estate investments and motivational literature, has been amassing an art collection for approximately 15 years. Despite his substantial wealth, Cardone does not consider himself an art connoisseur. In fact, he describes himself as a spontaneous buyer, stating, “If I like it, I buy it. I don’t care who
Purchasing a home is a significant milestone for many individuals, but the path to homeownership is not without its challenges. A recent survey by Clever.com reveals that 77% of future homebuyers have already commenced saving for a down payment. However, the majority of these potential buyers are planning to put down less than the traditional
The U.S. Census Bureau reported a 4.7% drop in newly built home sales in April compared to March. Additionally, sales fell by 7.7% year-over-year, highlighting the challenges faced by the housing market. The decline in sales can be attributed to the impact of higher mortgage rates on prospective buyers. March sales figures were also revised