Vacation home demand hits 7-year low in 2023 According to national property broker Redfin, mortgage-rate locks for second homes in the U.S. were down 52% from pre-pandemic levels on a seasonally adjusted basis in March 2023. That is compared to a 13% decline for primary homes. Second-home rate locks fell to their lowest level since…
The Windy City is a vibrant metropolis with endless opportunities for exploration and entertainment. While living in Chicago can often be expensive, there are plenty of free things to do in Chicago that will keep you entertained without breaking the bank. From taking a stroll along the lakefront to visiting world-renowned museums, the Windy City…
Living in Portland offers the perfect blend of urban living and outdoor adventure. While the city itself is home to a wealth of attractions and activities, the City of Roses is also surrounded by breathtaking natural scenery, from majestic mountains to picturesque waterfalls. Whether you’re renting an apartment or looking to buy a home in…
According to CoreLogic’s monthly Loan Performance Insights Report for December 2022, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared with 3.4% recorded in December 2021 and less than a 0.1 percentage point increase…
National property broker Redfin is reporting this week that many U.S. homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7 percent. Redfin’s Homebuyer Demand Index — a measure of requests for tours and other services from Redfin agents–fell 1% from a week ago, the first decline after a month of increases,…
Dividing a room can be a challenge, especially if you don’t want to install a permanent wall. However, there are many creative and cost-effective ways to separate spaces without sacrificing style or functionality. From installing room dividers to setting up partition bookcases, there are a variety of options that can effectively divide a room without…
New York City, Singapore and London top the list of global cities rent price growth in 2022 According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down…
According to a new report from the American Institute of Architects, demand for design services from architecture firms continued to decrease in November 2022. The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.6 from 47.7 (any score below 50 indicates a decline in firm billings). The…
Luxury sales sink 38% in November, biggest decline on Record According to national property broker Redfin, sales of luxury U.S. homes fell 38.1% year over year during the three months ending November 2022, the biggest decline on record. That outpaced the record 31.4% decline in sales of non-luxury homes. Redfin’s data goes back to 2012.…
