As the mortgage industry prepares for the Trump Administration’s plans for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, U.S. Department of Commerce Secretary Howard Lutnick appeared on CNBC to offer his comments on the subject. During the interview aired Thursday, Lutnick disclosed that the IPO “could well be this year … sooner than...
Not every Chelsea apartment comes with a design pedigree, but this one has it built in. The $3.65 million residence at London Terrace Towers was crafted by AD100 designer Neal Beckstedt, giving the prewar co-op a thoroughly modern refresh while preserving its historic character. Located at 465 West 23rd Street, the apartment occupies the 19th floor of one of Manhattan’s most recognizable...
If you're short on space, these small walk-in shower ideas are perfect for adding a touch of luxury to your...
Low-curb showers are a go-to choice for homeowners who want a bathroom that feels modern, safe and easy to use — without the construction costs or complexities that often come with a fully curbless design. In these nine bathrooms, design and construction pros show how a small curb can...
This California couple with two teenagers love to cook and bake, but the traditional kitchen in their 2009 luxury spec home didn’t support their lifestyle. Short dark cabinets, a bulky island without seating, an awkward corner pantry and an overall gloomy feel made the space less than...
Seeking to address this challenge, NAF—a national non-profit dedicated to career readiness education—has partnered with the Nareit Foundation. Together, they’re expanding opportunities and creating new pathways for high school students to learn about and work in the REIT...
Homebuyer Activity Picks Up Pace in Mid-September U.S. mortgage rates tumbled this week, posting their largest weekly decline in more than a year and providing a boost to prospective homebuyers. According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage fell to 6.35%, down from 6.50% the previous week, marking the most significant single-week drop since at...
U.S. real estate investors bought about 52,000 homes in the second quarter, the lowest level for that period since 2020, according to a report from Redfin. Purchases were down 6% from a year earlier — the largest drop since late 2023. Redfin, which analyzed purchase records across 39 major metropolitan areas, defines an investor as any institution or business buying residential property, covering...
Christie’s International Real Estate has appointed G. Scott Hurlock as senior vice president of strategic growth, a new role at the company. Hurlock will oversee network expansion for the luxury real estate brand by pursuing new partnerships and working with affiliates on organic growth, mergers and acquisitions. “Scott comes to us with an incredibly impressive track record, deep industry...
Recent efforts to cut down on vacant residential properties in Baltimore have proven to be effective, according to new Urban Institute data. By 2020, the city had more than 16,000 vacant buildings and a residential vacancy rate of 7.7%. In parts of east and west Baltimore, the rate was nearly one in three houses. “Vacancy not only blighted the city but also imposed upwards of $210 million in...
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