Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the … Read more
I’m about to marry a wonderful man. I built an investment portfolio of 23 units while we were dating. Now we’re questioning how to create a prenuptial agreement. Over the years, I have identified, purchased, and managed a rental-property portfolio across three buildings. These were purchased with my money, and I’m the sole owner on … Read more
Is a financial adviser needed if you feel overwhelmed about money? Getty Images/iStockphoto Question: I am a 26-year-old pharmacist earning approximately $100,000 a year — take home pay is about $5600 a month — living in St. Louis. I contribute 4% to my employer 401l(k), which is the maximum match. I currently have about $25,000 … Read more
A penthouse atop the world’s tallest residential building − listed for $250 million − is marking the biggest test of the ultra-luxury real estate market at a time of falling sales and growing economic uncertainty. The three-story mega-home inside Central Park Tower, which spans more than 17,500 square feet, is the country’s most expensive listing. … Read more
Scott Knies has been involved in San Jose’s business and economic scene for decades, stints that have been marked by multiple firsts. In 1982, Knies became the first executive director of The Fencing Center, opening the sports club’s first two locations in downtown San Jose. Knies then served as the Alum Rock Business Association Manager … Read more
In London’s posh Hampstead, steps away from the neighborhood’s famous Heath—a sprawling 790-acre green space—a lavish and stately historic home belonging to pop star Boy George has hit the market for £17 million (US$19.2 million). The eccentric space, which fuses Gothic and Italianate architecture, was built around 1868 and is Grade II listed, a historic … Read more
Listing of the Day Location: Middlebury, Connecticut Price: $5.75 million This waterfront compound on Lake Quassapaug offers a range of outbuildings, including a two-bedroom guesthouse, a boathouse with an office, a pool house with a kitchenette and a four-season dog house. “It’s a stunning compound,” said listing agent Jill S. Sloane, of Brown Harris Stevens. … Read more
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question. Q. I live in New York and I have rental properties in London. Do I owe any U.S. taxes on my foreign rentals? A. U.S. citizens and residents are required to report all worldwide income for taxation, … Read more
You can forgive Jeffrey Gundlach, a long-suffering Buffalo Bills fan, if he has the NFL on his mind now that the team he supports looks like the Super Bowl favorite. The chief executive of DoubleLine Capital says he recalls an ad for Crown Royal whisky, in which a referee tells drinkers to take a water … Read more
PALO ALTO — Stanford University has gained ownership of a big apartment complex in Palo Alto that’s next to the college through a byzantine array of transactions, public records indicate. Oak Creek Apartments located at 1600 Sand Hill Road in Palo Alto is the residential complex that’s at the center of a web of intricate … Read more