Category Real Estate

Housing Market Gains More Value In 2020 Than In Any Year Since 2005

After a record-setting year of home sales in 2020, the housing market still shows no sign of cooling off.

U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year since 2005, according to a new Zillow analysis. The full stock of U.S. housing is now worth $36.2 trillion.

Strong demand drove intense competition among buyers, causing homes to fly off the market at the fastest pace Zillow has recorded and pushing prices higher. 

Housing demand was already strong coming into the year with the large Millennial generation aging into prime first-time home-buying age and mortgage rates hovering near record lows...

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Billionaire Robert E. Smith Lists In Malibu’s Coveted Carbon Beach

The stretch of sand frequently referred to as Billionaire’s Beach has a new listing to add to the books. Robert E. Smith, founder of Vista Equity Partners, has put his four bed, five bath home on the market for $24.5 million after purchasing it two years ago for $18.7 million. This was quite a discount since the asking price at the time is the same price Smith is asking now. In the two years since he purchased the home it has been on the market as a rental for between $30,000 and $50,000 per month, but now it is back on the market as a fully-fledged sale.

Malibu’s Carbon Beach previously held the record for the most expensive Los Angeles home sale—a $110 million transaction when Hard Rock Cafe founder Peter Morton sold his beach front abode to natural gas b...

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16 Challenges For Real Estate Investors And How To Deal With Them

Real estate can be a fluid industry that adapts and evolves quickly. However, there will always be a handful of problems in such a dynamic sector that investors have to navigate. The challenges that investors face in the real estate market can impact their business significantly.

With uncertainty in other sectors of the economy, dealing with these challenges is at the top of most investors’ list of priorities. What are these impactful hurdles that real estate investors need to jump? Here, 16 members of Forbes Real Estate Council weigh in on the challenges investors typically face and how to deal with them in the coming year.


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Mortgage Interest Rates Slide Again To A Brand New Record Low

The new year has kicked off with a new interest rate, and it is lower than it has ever been. Mortgage interest rates closed at 2.65% last week for 30-year fixed-rate loans, based on the weekly report from Freddie Mac. This is down from 2.67% the previous week, which was only one basis point higher than the previous lowest rate on record. The 15-year fixed-rate was 2.16%, also a record low and down from 2.17% the week before.

These low rates are happening in lockstep with rising prices around the country as sellers realize buyers have more buying power and can meet the higher sales prices. Data from Redfin show sales prices rose 14% during December compared to the year before, for a national median of $320,714...

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3 Things Every Home-Buyer Should Know In 2021

Spending a lot more time at home last year led many Americans to decide it’s time to move. You might be seeking more space, relocating to a new area, or simply want to take advantage of a great opportunity (and even greater mortgage rates). If you’re one of the millions looking to move to a new home this year, it’s important to understand the current market. Here, I’ll share three tips that will help you find your dream home, get your offer approved, and end up with the absolute most for your money.

1. Get Your Ducks In a Row Before Looking.

Upgrading to a bigger home is now top of everyone’s list. It’s a competitive market, and you will encounter many other buyers if and when you decide to put in an offer...

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For $7.5 Million, A Sun-Soaked Villa Stands Sentry On Mexico’s Pacific Coast

Imagine having a front seat on the sunrise—every day.

Set above the ocean like a sunlit citadel, Sol De Oriente combines privacy and resort living in the Mexican state of Jalisco.

The striking compound, listed at $7.5 million, is located along a protected portion of coast in the Costa Careyes luxury enclave between Puerto Vallarta and Manzanillo.

Near views from the castle-like main house take in the surrounding infinity swimming pool, which creates the impression of a moat...

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Trahan Architects And Spackman Mossop Michaels Revealed Today Their Design For The Renewal Of Luther George Park With A Generous Grant From The Walton Family Foundation In Conjunction With Their Design Excellence Program.

Spackman Mossop Michaels and Trahan Architects revealed today their design for the renewal of Luther George Park located in downtown Springdale, Arkansas. The project was commissioned by the Downtown Springdale Alliance which received a grant from the Walton Family Foundation in conjunction with their Design Excellence Program to jump-start implementation of its downtown master plan with the expansion and renovation of Luther George Park...

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A Look At Park-Like Estates For About $15 Million In Los Angeles, France And Vail Valley

When it comes to these homes, it’s all about location, location, location.

From a modern tour de force in Los Angeles to a sprawling villa in southeastern France, there’s no shortage of scenery with these world-class properties. Here’s a closer look at what about $15 million buys in the Bel-Air, Mougins and Vail Valley housing markets.

Avon, Colorado

Located a few miles west of Vail in Avon, the gated community of Mountain Star is a low-density, 1,300-acre enclave of 90 residences. Rolling meadows, sage hills and forested glades create a scenic backdrop for the community...

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3 Keys to Non-Traditional Holiday Decor

Forget the traditional holiday decorating rules and push yourself to find decor that is new, fresh and fits within your current home decor.

The holidays are a time when sprucing up your home hits an all-time high, but it can be difficult to find festive decorations that match your style. While there is nothing wrong with snowmen, Santa figurines and lots of red and green, it’s OK to think outside the (gift) box.

Follow these three tips for a gorgeous yet non-traditional holiday home.


Choose a fresh color scheme

Who says that holiday decor has to be red and green? Try something new, like neutrals and mixed metallics. Or try unique color combinations that may not scream holiday, but create a sophisticated celebratory look when used in the right way.

This tree was inspired by the navy, tur...

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David Geffen Sells Beverly Hills Development Site For $34 Million

The hits keep on coming for David Geffen.

The media magnate this week unloaded another prized piece of his real estate portfolio, selling a development site on Beverly Hills’ so-called “Billionaire’s Row” for $33.75 million.

It was only a year ago that Geffen purchased the one-acre lot for $30 million. At the time of the sale, the property on North Hillcrest Road had been marketed with plans for a 24,500-square-foot modern mansion designed by architecture firm for Shubin Donaldson, according to the Los Angeles Times.

Nestled between the Bird Street...

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