The current state of the housing market in the United States shows that home equity is nearing all-time highs. In the first quarter of 2024, total home equity for U.S. mortgage holders reached over $17 trillion, just slightly below the previous record set in the third quarter of 2023. The average equity per borrower also
Real Estate
As we delve into the future of the housing market, conflicting opinions from experts emerge regarding the trajectory it is likely to take in the latter half of the year. While some, like Glenn Kelman, CEO of Redfin, express optimism about an impending improvement, others, such as Jeff Ostrowski from Bankrate.com, remain skeptical about the
In the world of luxury real estate, owning a piece of pop culture can come at a steep price. Iconic homes, with ties to celebrities or famous movies, are often considered collector’s items and can fetch a premium in the market. The allure of owning a property with a unique backstory is hard to quantify,
Many Americans believe that real estate is one of the best long-term investment options available to them. In fact, a recent survey conducted by Gallup revealed that about 36% of surveyed Americans ranked real estate as their top choice for long-term investments. This percentage was higher than those who cited stocks, mutual funds, gold, or
As mortgage interest rates have increased to the highest levels since early May, there has been a noticeable impact on mortgage demand. Total mortgage application volume fell by 5.2% last week, compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with
The Dubai Mall, already known as one of the largest malls in the world, is embarking on a massive expansion project that will cost an estimated 1.5 billion dirhams ($408 million). This sprawling complex in the heart of Dubai is a prime destination for both locals and tourists, boasting a staggering 1,200 stores and 200
When it comes to the high prices in the housing market, some consumers tend to blame private equity involvement for making it difficult for individuals to own homes. Despite this belief, experts are hesitant to attribute real estate investor activity as the primary cause for deterring people from becoming homeowners in the United States. In