Real Estate

CALVERTON, N.Y. – The homebuilding industry is on the edge of a revolution.At least that’s the way Kirk Andersen sees it. He just used 3D-printing technology to build a 900-square-foot model home on Long Island. He is about to build another one, too – the first 3D-printed home in the United States to be marketed… More

Nantucket, Massachusetts, a historic summer vacation destination, became a year-round refuge last year, thanks to the coronavirus pandemic. The run on real estate on the tiny, tony island is now causing a shortage of both homes for sale and rentals, and prices for both are going through the roof.The dollar volume of sales on the… More

Paying for a roof over your head is usually the top-line item of any budget.Rob and Reshawn Lee viewed their mortgage payment as one of the biggest barriers keeping them from quitting their jobs and becoming entrepreneurs.Rob had a successful career in IT, and Reshawn worked in sales. Together, they would take home more than… More

Google has submitted its preliminary proposal for its North Bayshore campus in Mountain View.Source: SITELAB urban studioGoogle released preliminary plans late last week for its future campus in northern Mountain View, CA, which emphasizes several thousand new homes and space for local shops amid pandemic recovery.For the project, Google and development partner Lendlease propose adding… More

A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020.Saul Loeb | AFP | Getty ImagesSharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week. Total mortgage application volume fell 4.1% from the previous week, according… More

A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020.Saul Loeb | AFP | Getty ImagesPandemic-driven demand sent total 2020 home sales to the highest level since 2006.Still, even the most avid buyers are bumping up against barriers in today’s housing market. Record low supply… More

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio.Ty Wright | Bloomberg | Getty ImagesRecord-low mortgage rates may now be a headline of the past. Now, several weeks of rising rates are dousing what was incredibly high demand for refinancing. That pulled total weekly mortgage… More

Miami Mayor Francis Suarez speaks to the media during the annual hurricane preparation exercise at the City of Miami’s Emergency Operations Center on May 29, 2019 in Miami, Florida.Joe Raedle | Getty ImagesMiami Mayor Francis Suarez was leaving lunch at tech billionaire Peter Thiel’s house and on his way back to City Hall when he… More

A man enters a building with rental apartments available on August 19, 2020 in New York City.Eduardo MunozAlvarez | VIEW press | Corbis News | Getty ImagesManhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market.The number of new leases signed in December jumped to 5,459, up… More

Firefighters ride a boat beneath an underpass while conducting search and rescue after heavy rain resulted in flash floods in Washington, DC, U.S. September 10, 2020, in this still image taken from video provided on social media.@DCFIREEMS | via ReutersIntensifying rainfall fueled by climate change has caused nearly $75 billion in flood damage in the… More

Homebuilding stocks could be losing steam.Though the group outperformed in 2020, with the SPDR S&P Homebuilders ETF (XHB) and the iShares U.S. Home Construction ETF (ITB) both beating the S&P 500 by about 10 percentage points, pure-play homebuilding stocks are faltering, JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” on Tuesday.”They’re… More

Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well. Shares of the biggest names, such as Lennar, Pulte, DR Horton and Toll Brothers, dropped more than 2% on the news.New home sales fell a steeper-than-expected 11% in November from October, according to the… More

A real estate agent readies a house for viewing in Venice, Calif.Anne Cusack | Los Angeles Times | Getty ImagesWhat was expected to be a mundane year in the mortgage market was anything but: A sharp downturn in demand for housing at the start of the pandemic took a hairpin turn and just kept rising,… More

It is a lot harder to find an inexpensive home to buy and flip in today’s ultra-competitive housing market, but those who can will make a hefty profit.While home-flipping activity overall dropped in the third quarter of this year, gross returns for flippers soared to the highest level in 20 years, according to a new… More