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Almost 40% of homes in the US are mortgage-free

The trend could reverse as younger people start to enter the real estate market (Credit: iStock)
The trend could reverse as younger people start to enter the real estate market (Credit: iStock) About 37 percent of households in the U.S. are living without mortgages. The share of homeowners paying off their mortgages has increased by 5.5 percentage points over the past decade, according to Bloomberg, citing data from [...]

Kobi Karp pays $8.5M for another home on Miami Beach’s North Bay Road

Kobi Karp, 4750 North Bay Road
Kobi Karp, 4750 North Bay Road Miami star architect Kobi Karp and his wife Nancy paid $8.5 million to buy another waterfront home on Miami Beach’s North Bay Road. The couple bought a 6,574-square-foot house at 4750 North Bay Road for $1,292 per square foot, records show. The seller is tied to [...]

Gatsby Enterprises pays $126M for 800 Brickell

800 Brickell, Jose Lobon and Chris Lee
800 Brickell, Jose Lobon and Chris Lee Deutsche Bank’s RREEF sold a Brickell office building to Gatsby Enterprises for $125.5 million, according to sources. Gatsby Enterprises, a New York-based real estate firm led by principal Nader Shalom, and Master Mind LLC, led by Babak Ebrahimzadeh, closed on 800 Brickell, CBRE said. The [...]

The Agency keeps growing. But is it cracking?

The Agency’s Mauricio Umansky (left) and Billy Rose (Illustration by Zach Meyer) When Leonard Rabinowitz and Jack Friedkin left the Agency in September to join Hilton & Hyland, and Jay Harris took the same route two months later, the moves didn’t raise many eyebrows. Rabinowitz and Friedkin had been at the [...]

Toll Brothers' record shows the housing boom has no end in sight

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Should I get a fixed- or adjustable-rate mortgage?

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Zillow buys a mortgage lender and the stock tanks

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Looking for a home in Berlin or Budapest? Prepare to pay more

Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank. [...]