Open houses are a great way to drum up interest in a home and get potential buyers to put in an offer. But opening the door to the public does come with risks. One big risk that sellers (and some agents) often overlook is theft.
About one in four tech clients at Wealthfront in the Bay Area think they'll settle down in New York, Chicago and Austin, Texas, according to a survey of the firm's investors. Wealthfront clients expect to pay more than $1 million for a two-bedroom abode in the Bay Area.
One of China's richest real developers has lost $2 billion of his fortune in the past two days following the word of his detention in Shanghai. Wang Zhenhua was removed as chairman of Future Land Development Holdings after he was held by a district public security bureau "in criminal custody for personal reasons," according to a statement on Wednesday by Future Land Development Holdings.
The former Spelling Manor, custom built for television producer Aaron Spelling and his wife Candy in the late 1980s, has just sold after three years on the market by its most recent owner, Petra Ecclestone, heir to the Bernie Ecclestone and part of the Formula One fortune.
Realtor.com's latest data on 85 luxury markets confirms today's definition of luxury is extremely localized with some markets showing declining sales and price growth. While others like Tampa are summertime hot.
While across the U.S. many housing markets have been undermined by a recent slowdown, in many other markets times have been good. Looking at the year-over-year change in median home values for the 300 largest cities, sourced from Zillow, reveals an impressive number of cities that have seen home values appreciate by more than 10% in just one year: 25 cities in total.
Across the U.S., housing markets have been gripped by a general cooling off after years of surging home values and sales. Such a development is only natural, but it often impacts cities very unevenly, with some housing markets feeling the slowdown to a much more serious degree than others.
A cluster of Victorian English houses is an unexpected sight along a rural two-lane Tennessee road. With gingerbread and gables, they look like imports from a Charles Dickens novel. In fact, Rugby was an unexpected Tennessee town as its architecture looks today.
Buyers of expensive properties are used to having a little perk thrown into the deal. Most would expect a decent bottle of something. Some even get an expensive car. But buyers of the Heart of Europe, a new development in Dubai, can receive real citizenship to a European country with their purchase.
Urban planning has always faced challenges. Its planning takes place behind closed doors and is a bureaucratic process. Urban plans must be defended to the public, but communication with citizens that lack specialized knowledge is difficult.
A five-floor, 19,000-square-foot penthouse north of Madison Square Park in Manhattan, featuring more than 4,500 square feet of outdoor space with a private lap pool and glass-walled hot tub, has hit the market for $98 million, making it one of the priciest condos on the market in New York City.