Economic fallout from continuing Covid lockdowns in Shanghai and elsewhere in China is hard to predict. Overall declines in China share prices this year, especially in Hong Kong, contributed to a drop in the number of mainland billionaires on the new 2022 Forbes Billionaires List unveiled today. (See related post here.) Ultimately, however, the current
Real Estate
John Perna operates Hamilton Building Supply Company in New Jersey, a company that serves local builders and remodelers and that has seen double digit growth in the past year. Like the rest of the country, New Jersey is experiencing a hot housing market. And, also like the rest of the country, it isn’t without some
Recently I was in Austin for the SXSW conference, and I was floored by the infusion of ideas, energy, creativity and innovation across the days and days of sessions, the music, and other content. This event is a trademark for the city, bringing close to 280,000 people there from around the world. Austin also is
Air fryers have been a top wellness design trend for more than a year, and are likely to inspire new countertop appliance sales for Mother’s Day soon. Air frying capability has also been built into ranges, ovens and microwaves. One manufacturer even sent the capability as an upgrade to existing owners. Other companies followed suit,
Although it is often said that nothing is certain except death and taxes, how much homeowners pay in property taxes varies significantly and can be influenced based on the home’s worth and location, among other things. With the federal income tax filing deadline quickly approaching, taxes are on many people’s minds. To illustrate the considerable
Inventory is up. Mortgage rates are up (and climbing.) Do these indicators presage a slowdown in the white-hot New York City real estate market? Will the uncertainty around the ongoing Ukraine war freeze homebuyers in their tracks? How have buyers and sellers fared during the first quarter of 2022? Sales have remained brisk throughout the
With interest rates rising, the corresponding increase in mortgage rates is beginning to make itself felt in housing markets across the United States. While rising mortgage rates make borrowing more expensive and reduce affordability, they can also dampen demand by dissuading potential buyers from actively shopping for a home, according to the Mortgage Reports. The
Jack Rapke, the film producer behind such box-office hits as Cast Away, The Polar Express and What Lies Beneath, is listing his home in the Beverly Hills Post Office area for $10.5 million. Rapke, who in 1997 co-founded production company ImageMovers with director Robert Zemeckis, purchased the 8,100-square-foot architectural estate in 2004 for $5.75 million,
For more than two years house prices have been increasing faster in metro Phoenix than in any other city in the S&P/CoreLogic Case-Shiller Home Price Index. The median single-family house price in metro Phoenix increased $100,000 in 2021 and is continuing to increase crazy fast in 2022, according to Phoenix MLS data. #1 Reason For
With its red tile roof, hand-planed walnut floors and white walls, this home in the Scottsdale-Phoenix area of Arizona is characteristic of the Santa Barbara style – a mix of Mediterranean and Spanish Revival architecture. Set on 1.5 acres in Paradise Valley, the classic residence combines handcrafted details and authentic materials. Reclaimed hand-hewn beams from