Homes in vacation markets saw an exaggerated boom and bust over the past decade and have been slower to recover than homes in other markets. As the appeal of vacation homes has steadily eroded over the past decade, markets with the highest densities of vacation homes have underperformed the market in all but one year

Douglas Elliman Real Estate Playboy Thomas Kramer’s former estate on Star Island. Lennar Corp. Executive Chairman Stuart Miller paid $33 million this week for the property once owned by German playboy Thomas Kramer on Star Island, the Miami Beach enclave featured as a backdrop to “Miami Vice” in the 1980s. It’s the highest price paid

Opendoor, a start-up that buys and sells homes online, has just pulled in $325 million to expand its team, add more cities and move deeper into residential real estate. The new funding pushed the San Francisco-based company’s valuation past $2 billion and includes capital from homebuilder Lennar, whose COO, Jon Jaffe, will be joining the

Want to better understand what may happen in the United States economy as President Trump pursues his combative trade policies? Look no further than the lumber that goes into many houses in the United States. Long before the sharp clash with Canada at the Group of 7 meeting this weekend, the Trump administration imposed tariffs

Interest rates are going up. The Federal Reserve hiked rates once already this year in March. And at its meeting this Tuesday and Wednesday, the Fed is likely to raise the federal funds rate again. Many experts predict there will be a third rate hike before the end of the year. Sure, the increases mean

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VALLEJO, Calif. — California is in the middle of an affordable-housing crisis that cities across the state are struggling to solve. Rick Holliday, a longtime Bay Area real estate developer, thinks one answer lies in an old shipyard in Vallejo, about 40 minutes northeast of San Francisco. Here, in a football-field-sized warehouse where workers used

The purchase of three properties by President Trump‘s son-in-law on the banks of a toxic Brooklyn canal triggered a series of unusual real estate deals and a windfall profit from transactions financed by a bank tied to the Trump family. The property transactions totaling more than $150 million began in late 2014 and early 2015

Buying a home has turned into a game of Jeopardy!: If you don’t act with lightning speed, you lose. U.S. homes that sold in April – meaning final contracts were signed – were listed an average of just 64 days earlier, the fastest turnaround since the housing crash and recession from 2007 to 2009, according

Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage. Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic.

One prominent real estate investor shocked some audience members at a conference on Wednesday when he used vulgar language to describe how he works with and promotes women within the industry. “I never promoted a woman because she was a woman,” Sam Zell, chairman of Equity Group Investments, said at the REITweek investor conference hosted

John Fotiadis, an architect who worked on several projects for Donald Trump, was involved with other prominent business figures in Eastern Europe. Notably, he worked with Ukraine’s richest man, as well as working for a developer in the republic of Georgia. He also moved in some of the same circles in Kiev, Ukraine as Paul

As Robert Mueller looks ever more closely at President Donald Trump‘s foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump’s quest for real estate deals in former Soviet lands. Architect John Fotiadis designed some of Trump’s most ambitious luxury developments there. A master of glass-encased towers

Shares of some insurance companies dipped briefly Wednesday, after a report said Amazon might consider offering home insurance. The Information reported Wednesday that, based on one anonymous source, Amazon had discussions about offering insurance in conjunction with its connected home devices. But, the report said, “There’s nothing that suggests Amazon has any concrete plans for

9:37 AM ET Wed, 6 June 2018 An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters.The shortage is driving prices up faster than inflation and wage growth. Annual average earnings growth has remained below 3 percent even as

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