Saturday, 19 October, 2019

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Category: Forbes

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Experts predict mortgage rates will stay low for the foreseeable future. Getty Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction will continue well into 2020. Read more…


Low Down Payment sign lettering. Getty First time home buyers can put as little as 3% down and get conventional financing (no longer confined to the FHA only box). And there are no prohibitive restrictions; in fact if two people are buying a home, only one of them need be a first time buyer. Standard FannieMae underwriting guidelines and standard Read more…


On its path to a now-delayed IPO, SoftBank-backed WeWork’s valuation has fallen from $47 billion to somewhere between $10 billion and $15 billion. This precipitous drop appears to be a collective repudiation of not only WeWork’s business model and SoftBank’s valuation philosophy, but of the inverted economics of big money unicorns without a path to profitability. WeWork’s valuation challenges highlight Read more…


The landmarked St. John’s Evangelical Lutheran Church in Chicago has been transformed into luxury condos. Regency Development Group There’s no place like home, especially if it’s a landmark structure. A historic church in Chicago’s Ukrainian Village neighborhood is starting a new life as a luxury condominium development with unique features such as stained glass windows and, yes, a bell tower. Read more…


Perhaps you experienced a bidet while traveling in Europe or Asia, where they’re fairly common. On first glance at your hotel’s bathroom, you might have wondered why there seemed to be a second, mini  toilet in the room. (That was my befuddled reaction as a recent college graduate visiting Italy in the early 1980s.) These fixtures are used for personal hygiene, Read more…


As a New Yorker, I’ve come to realize we are privy to numerous changes in the restaurant and franchise business long before people in many other parts of the country. One such change is the innovation of the  “Virtual Food Hall”. With the advent of online ordering, third party order and delivery platforms such as Grub Hub, Seamless and Door Dash Read more…


Two exquisite homes owned by the late William B. Ruger, Jr., a member of the family who cofounded firearm manufacturer Sturm, Ruger & Company, Inc., are being auctioned September 7, 2019, with no reserve, offering buyers with a rare opportunity to purchase properties with unique grandeur and history. East of Eden Platinum Luxury Auctions The first is located in Bar Read more…


Ari Rastegar Ari Rastegar Ari Rastegar, a private equity executive bullish on Texas real estate, has invited a group of real estate editors to dinner in Austin, his home town. He tells us to get ready: he will be ordering one of everything on the menu. Oh, tequila shots, too. At 37, he is one of the youngest investors in Read more…


Listed for $1.89 million, this residence’s dragon tales backstory is infused throughout the home. ONE Sotheby’s International Realty Florida is famous for its gators, but one fantastical Broward County home takes the reptilian serpent theme to a Game of Thrones level, albeit way more subtle and innocent. Grand living room with fireplace, Medieval style chandelier and wood dragon beams. ONE Read more…


This $11.5 million French chateau estate is located just 30 minutes outside of New York City. Bob Skinner/Special Properties You might expect an 18th century-inspired French chateau for sale on the British isle of Jersey, off the coast of Normandy, France. But in New Jersey, USA? In fact, the “Garden State” is sprinkled with random chateaus up and down its Read more…


The property spans 250 feet of private frontage along the Intracoastal Waterway. Douglas Elliman If you think your man cave is badass, check out the Wall Street tech toys in this state-of-the-art Fort Lauderdale compound. The 12,350-square-foot luxury estate features a loggia, pool, stock trading room and a limousine garage. Douglas Elliman The 12,350-square-foot luxury estate features a stock trading Read more…


An aerial view of large homes along the coastline of southeastern Connecticut, near Greenwich. (Photo by Brooks Kraft LLC/Corbis via Getty Images) Corbis via Getty Images Perched above the Post Road in Greenwich, Connecticut is a row of four grand single-family houses built in the early 20thcentury. Posh and prestigious when new, the houses now overlook a busy commercial strip. Read more…


111 Quimby Lane Jake Rajs for Sotheby’s International Realty A piece of Hamptons history is on the market. The four-bed, 6 ½ home at 111 Quimby Lane is listed through Sotheby’s International Realty agent Dana Trotter for $14 million – the first time the property has been for sale in more than 100 years. In the summer of 1874, patent Read more…


Woman getting belongings ready to move into storage Credit: Shutterstock Moving is stressful enough without having to deal with the loss of irreplaceable family treasures. But that’s what happened to Sid Barrett and his family when they moved from Atlanta to Taos, New Mexico last year. Barrett said that after charging him “a fortune” to store his pod full of Read more…


Water Views Bespoke Marketing “I gave up 60 percent of my development rights,” said Jay Bialsky, principal behind a forthcoming development on the waterfront in downtown Sag Harbor. The entire 1.94 acre site has sat for the past 13 years without any developer being able to get past the Architectural Review Board, but the now-approved plans made it through the Read more…