Grant Cardone, a multimillionaire who has been collecting art for around 15 years, describes himself as a spontaneous buyer with a keen eye for pieces that catch his attention. According to Cardone, he doesn’t consider himself a connoisseur but rather someone who buys what he likes without worrying about the artist behind it. His art
Real Estate
The dream of owning a home is within reach for many, but the road to homeownership is not without its challenges. Recent surveys have revealed that a substantial number of aspiring homeowners have started saving for a down payment, with the majority planning to put down less than 20%. This goes against the conventional belief
The sales of newly built homes saw a significant decline in April, dropping by 4.7% compared to March, and falling even further by 7.7% from the previous year. This decline can be attributed to a variety of factors, with one of the main reasons being the impact of higher mortgage rates on the market. The
Recent data shows that mortgage interest rates have decreased for the third consecutive week, leading to a surge in demand for refinances. The Mortgage Bankers Association reported a 1.9% increase in total mortgage application volume compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages also saw a decrease, making refinancing
China’s recent efforts to support the real estate sector are being viewed with cautious optimism by analysts who believe that the impact of these measures may take some time to materialize. Despite the government’s comprehensive policy rollout, the property market is still perceived as being in a state of flux, with stability remaining elusive. The
In today’s real estate market, about one-third of available single-family homes are newly constructed, a significant increase from pre-pandemic levels. While the overall number of newly built homes per year remains steady, the shrinking inventory of existing homes has resulted in more buyers turning to new construction properties. Builders are now offering various incentives, such
The housing market is booming, and homeowners are taking advantage of this opportunity to invest in their properties. While the pandemic-era frenzy of home renovations may have cooled off slightly, there are still plenty of opportunities to increase the value of your home. According to the 2024 Cost vs. Value report from Zonda Media, some
Chinese authorities recently announced new measures to support state-owned enterprises (SOEs) in buying unsold apartments, as part of their efforts to address issues in the real estate sector. This move is aimed at helping developers secure more funding to complete construction on pre-sold properties. The People’s Bank of China has pledged to provide 300 billion
Despite a recent drop in mortgage rates to the lowest level since April, buyers are still finding it challenging to afford homes in today’s housing market. The Mortgage Bankers Association reported that total mortgage application volume only increased by a mere 0.5% from the previous week. This indicates that demand for mortgages has not been
As of the first quarter of 2024, consumers are facing the challenge of putting down more money to purchase a home. The typical down payment amount has seen an increase, with the average being 13.6% and the median being $26,000. However, these figures are still below the peaks seen in the third quarter of 2023.