Republicans are suddenly more optimistic about the housing market after Donald Trump‘s presidential election win, while Democrats grow less so, according to a new survey commissioned by Realtor.com®. Roughly 1 in 5 Republicans say they are now more likely to buy a home as a result of the election, while 24% of Democrats say they are now less
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted,
Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
We’re selling 165 shares of Best Buy at roughly $86 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 600 shares of BBY, decreasing its weighting to about 1.5% from 1.9%. Best Buy shares have been on a steady decline since October on concerns about electronic retail sales and the potential for higher tariffs
This statement home in Georgia is now listed for a just-as-statement sum — but its design alone wasn’t always enjoyed by locals. On Sea Island, a contemporary structure that stands apart from the neighboring Mediterranean-style residences aims to fetch $40 million, according to the Wall Street Journal, which makes it among the most expensive in
Supermodel Cara Delevingne has sold her fire-ravaged Los Angeles mansion for $4.6 million—six months after the property was destroyed in an enormous blaze. Property records indicate that the Studio City, CA, mansion, which Delevingne purchased for $7 million back in 2019, was sold in an off-market deal on Sept. 17 via an LLC. Images of the four-bedroom, six-bathroom home taken just
So many real estate heavyweights turned up at the opening party for Daniel Boulud’s steakhouse La Tete d’Or at One Madison on Thursday, one guest called it “a Fried Frank preview,” referring to the law firm’s annual holiday bash next month. The likes of Aby Rosen (looking cheerfully untroubled by his Chrysler Building travails), Joseph
Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents’ home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent
Former “Real Housewives of Orange County” star Kelly Dodd and her husband, ex-Fox News reporter Rick Leventhal, have parted ways with their picturesque Westhampton, LI home — selling it for $1.16 million, The Post has learned. The duo, now firmly planted in Southern California, decided that managing the East Coast property was no longer practical.
Pekic | E+ | Getty Images Mortgage rates seem to have steadied. That may be a good sign for the market, experts say. The average 30-year fixed rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from 6.79% a week prior, according to Freddie Mac data via
Greg Carr, the tech mogul behind Boston Technology and former Prodigy chair, is saying goodbye to his glam New York penthouse after almost a quarter century. And it comes with one rare, and shiny, perk that literally sets a gold standard. The coveted 5,000-square-foot gem at 170 Fifth Ave., crowned by a 40-foot gold dome,
First-time homebuyers in America are hitting an unprecedented milestone, and it’s not one they’ll be celebrating. According to the latest data from the National Association of Realtors (NAR), the median age for first-time buyers has surged to 38 — the oldest on record and up three years from just last summer. Gone are the days
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver’s seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese. M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and close to a record in the number of deals, according
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically
Americans spend billions of dollars each year on Amazon purchases for their homes, but a new wave of shoppers are now turning to the online retail giant for the homes themselves—little houses that start at just $10,000 each. With the median house price in the U.S. now at $424,950, many people feel that the American dream of owning
Scott Olson | Getty Images News | Getty Images President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. “We’re going to open up tracks of federal land for housing construction,” Trump said during an Aug. 15 news conference. “We desperately need housing for people who can’t
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 edged higher Monday, extending Friday’s postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and
No kidding: Homebuyers with kids are becoming less and less common. In fact, only 27% of recent buyers had a child under age 18 living with them, which was an all-time low, according to the National Association of Realtors® 2024 Profile of Home Buyers and Sellers. That share is down from 30% last year and 58% in 1985. “With rising
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and
Parade attendees wave Puerto Rican flags on Fifth Avenue in Manhattan during the annual Puerto Rico Day Parade. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Young adults in Puerto Rico are on shaky financial ground, a study finds. About 47% of respondents in the U.S. territory are
In this article DIS HD HON WFC MS Follow your favorite stocksCREATE FREE ACCOUNT President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer
The city’s largest commercial landlords enjoyed big boosts from Bloomberg LP’s sustained and growing stake on Midtown’s East Side. The media giant’s 924,876 square-foot renewal and expansion at 919 Third Ave., which we reported first, came as a welcome surprise to landlord SL Green. Bloomberg LP will lease nearly 1 million square feet at SL
Republican presidential candidate and former U.S. President Donald Trump visits the U.S.-Mexico border at Eagle Pass, Texas, as seen from Piedras Negras, Mexico, February 29, 2024. Go Nakamura | Reuters President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals
Casa Encantada, touted as the most expensive residence in Los Angeles and in California overall, just received a significant price cut — dropping from an eye-watering $195 million to $165 million, according to a release from the listing brokerage. News of the discount was first reported by Mansion Global. But don’t call it a bargain
Just two years after Brooke Shields unloaded her longtime Los Angeles estate for $7.4 million, the residence is back up for grabs for $8.65 million, The Post has learned. The actress and model purchased the property in 1997 for $3.24 million with her then-husband, tennis great Andre Agassi. In 2022, Shields sold the 5,300-plus-square-foot residence
Wall street analysts feel good about one of our retail stocks but apprehensive about another. The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The research firm also increased its 12-month price target to $455 per share from $360, implying
America’s housing market has been tepid at best lately, thanks to mortgage rates edging closer to 7% for the past weeks and already-high median prices remaining flat nationwide. However, prices in America’s top 20 hottest housing markets were up in October — by 2.9% on average compared to last year. (The median-priced home was $424,950 in October.) The uptick in home
The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced it will lower its benchmark rate bya quarter point, or 25 basis points, days after President-elect Donald Trump won the 2024 election. Economic uncertainty was a prevailing mood heading into Election Day after a prolonged period of high inflation left many
An “Open House” flag is seen in front of a home for sale in Alhambra, California, on Jan. 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates rose again last week, pulling demand from both the refinance and purchase markets. Total mortgage application volume dropped 10.8% compared to the previous week, according
It’s a fashionable buy — and a purchase so large, it’s making waves across the pond. Bloomberg reports that the American billionaire fashion designer Tom Ford has shelled out $104 million for a mansion in London, marking the most expensive deal for a home in the United Kingdom this year. Not much is known about
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