Second-home mortgages decline amid economic uncertainty

U.S. homeowners are showing less interest in taking on second-home mortgages, as elevated prices and economic jitters make these properties less appealing, Redfin reported on Thursday.
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Brad Stein on the rise, fall and lasting appeal of the Austin market

An influx of high-earning workers and new multifamily units has put Austin developers in a unique position, the Intracorp Homes executive said ahead of Inman Connect Austin. Continue reading

Curbio to pay $7.5M to settle Washington DC fraud lawsuit

The pre-sale home renovation company denied all allegations and said it decided to settle to focus on its path forward. Attorney General Brian Schwalb called it a win for consumers Continue reading

New Hampshire metro prevails as hottest US market for 29th time

August marked the eighth consecutive month in which Manchester, New Hampshire, was ranked the hottest U.S. market by Realtor.com. The top 20 hottest markets were all in the Northeast and Midwest. Continue reading

Fed expected to be cautious in cutting rates next week

A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week. Continue reading

Christie’s International Real Estate welcomes Madrid affiliate

Led by luxury experts Hans Veenhuijsen and Olga García Hernández, the new office opens as more luxury buyers have shown interest in the city’s market and as home prices have steadily grown in response to a strong economy and foreign investment. Continue reading

Baby boomers own 1/4 of all large homes in the US. They aren’t selling

Fifty-four percent of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate. Continue reading

NYC favors life-science workspaces over affordable housing

The growing need for affordable housing has generated interest in utilizing NYC’s Kips Bay site for residential development, but the Adams administration has declared the plan unviable. Continue reading

The late James Earl Jones planted deep roots in the Hudson Valley

Around the time that Jones landed his first hit film role in “The Great White Hope,” he visited the Hudson Valley with a friend and fell in love with the small town of Pawling. Continue reading

Harrison Polsky talks data-driven sales, market trends

Many clients may prioritize emotional connections when hunting for resale homes, but Polsky takes a deliberate, data-driven approach, focusing his team’s efforts on newly-built properties. Continue reading