Investing in real estate has long been considered one of the best ways to secure long-term financial stability. According to recent surveys, a significant percentage of Americans believe that real estate is a top long-term investment option. Among the various ways to invest in real estate, real estate investment trusts (REITs) are gaining popularity due
Real Estate
The Dubai Mall, known as one of the largest malls in the world, is gearing up for a major expansion project that is estimated to cost around 1.5 billion dirhams ($408 million). This extravagant shopping complex in the heart of Dubai is already home to an impressive array of amenities, including 1,200 stores, 200 food
The debate surrounding the influence of private equity in the housing market has been a topic of discussion among consumers concerned about high housing prices. Claims that real estate investor activity deters people from homeownership have been circulating, but experts suggest that the issue is far more complex. According to data from Redfin, real estate
The restoration of Michigan Central Station, once a symbol of decay in Detroit, is now a significant project initiated by Ford Motor Company. The $950 million investment encompasses the 18-story train station along with an adjacent 270,000-square-foot building and other supporting facilities. This project, initially scheduled to be completed by 2022, faced delays due to
When Paul Lester ventured into the realm of luxury real estate in Los Angeles, he revolutionized the traditional property viewing experience. By seamlessly blending the worlds of art and real estate, Lester orchestrated an innovative approach that captivated prospective buyers. Transforming a Beverly Hills property viewing into an art opening, Lester curated a collection of
The housing market saw a significant decline in signed sales contracts on existing homes in April, dropping by 7.7% compared to March. This marks the slowest pace since April 2020, according to the National Association of Realtors. Additionally, pending sales were 7.4% lower than in April of the previous year, highlighting a concerning trend for
After a brief period of decline in May, mortgage rates started to climb again last week, causing a significant impact on mortgage demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.05% from 7.01%, with points also rising. This was the first increase in four weeks, and although
Fans of the classic movie “Home Alone” can now rejoice as the famous house where Kevin McCallister was left behind is up for sale. Located in the Chicago suburb of Winnetka, the 9,000-square-foot property at 671 Lincoln Ave. is now on the market for a hefty price tag of $5.25 million. This iconic home, which
Grant Cardone, a multimillionaire who has been collecting art for about 15 years, admits to being a spontaneous buyer when it comes to adding pieces to his collection. Unlike many traditional art connoisseurs, Cardone doesn’t consider himself an expert in the art world. He simply buys what he likes without much research or consideration of
Embarking on the path to homeownership can be a daunting task, particularly when it comes to saving up for the down payment. However, recent surveys have shown that a significant number of future homebuyers are already making strides in the right direction. According to a study conducted by Clever.com, 77% of aspiring homeowners have begun