In December, President-elect Donald Trump and SoftBank CEO Masayoshi Son announced $100 billion in US investments to create more than 100,000 new jobs in artificial intelligence and related infrastructure. Then, last week, Hussain Sajwani, the chairman of Dubai-based luxury property developer Damac, stood by Trump at Mar-a-Lago to announce a $20 billion investment in the Midwest and Sunbelt for AI data
The problem of stolen manhole covers in Turkey might seem an unlikely starting point for a new way for buildings to withstand earthquakes and tackle the construction industry’s environmental issues, but when a Turkish businessman heard about a new material that prevented the thefts, it sparked an idea. Cast iron is traditionally used to make
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue. But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central
The California wildfires are still ravaging the Los Angeles area a week after they started. The stories of residents who live in the area and have lost everything are heartbreaking. Against this catastrophic backdrop, a lucky few houses were spared; for one reason or another, these residents’ homes are miraculously still intact. But how can
Flames and smoke from the Palisades Fire surround a home (C) in the community of Topanga, California, on January 9, 2025. David Swanson | Afp | Getty Images Firefighters are still working to contain the record-breaking fires that have been raging for more than a week in Southern California. The fires in the Greater Los
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year ago, according to
Kanye West’s infamous Malibu mansion — a Tadao Ando-designed masterpiece that West left gutted and abandoned — has miraculously survived the devastating California wildfires, according to its new owner. The news was first reported by Realtor.com. West purchased the beachfront property, a once-stunning architectural marvel, in 2021 for an eye-popping $57.25 million. The rapper, 47,
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money
Houses along a hillside outside Marbella on the sunny coast, Costa del Sol, in Spain. Marcus Lindstrom | Istock | Getty Images Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country. Spanish Prime Minister Pedro Sanchez on
First-time homebuyers may struggle to find adequate starter homes when the 2025 buying season begins this spring. The homes that once gave Americans a stepping stone into real estate are disappearing, according to experts. While the exact definition of a starter home varies, they’re typically under 1,400 square feet. In 2023, just 9% of the
There’s a new future in store for Michael Jordan’s longtime Chicago-area mansion. After sitting on the market for more than a decade, the basketball icon’s sprawling Highland Park property is becoming a luxury timeshare in the wake of selling for a fraction of its original price, according to a news release. Real estate investor John
House hunters with $1 million to spend can expect to afford vastly different properties depending on where they look—and the Midwest offers by far the biggest bang for their buck. Here is a look at what a low-seven-figure budget would get you in the Midwest, the Northeast, the South, and the West. The breakdown factors
The owners of a run-down and long-vacant hotel dubbed the “black hole of Times Square” are allegedly hundreds of millions of dollars behind on loans linked to the property — and their lenders are seeing red. Joseph and Meyer Chetrit were reportedly sued by Mack Real Estate Credit Strategies for failing to pay $223 million
Harrison Ford is among the residents of Los Angeles concerned for their home as the Palisades Fire continues to rage. The “Shrinking” actor, 82, was spotted talking with police officers on Tuesday near his $12.6 million home in Brentwood, an upmarket neighborhood of Los Angeles currently threatened by the Palisades blaze. Police were stationed at
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 last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even
A sprawling Hudson Valley estate once touted as a modern engineering marvel has seen its price slashed to a quarter of its original ask. Ledgerock, a 15,000-square-foot mansion perched on the banks of the Hudson River, is back on the market for $11.25 million after failing to sell for three years, according to the Wall
Housing surveyors have reported the largest fall in new buyer inquiries in October since the financial crisis, excluding the period during the Covid-19 lockdowns. Isabel Infantes | Afp | Getty Images LONDON — U.K. house prices fell for the first time in nine months in December, as the country’s Budget and higher mortgage rates dampened
Call it “View” York City. A penthouse duplex perched atop a newly completed tower on the Brooklyn waterfront — not only making it the tallest waterfront residence in the borough, but also one with an impressive corridor of sights from its massive windows — is poised to list on Tuesday for $7 million, The Post
Move over, C-Note — the Manhattan high-end office market’s new exclusive club has a $200 per-square-foot admission charge. A record 28 new leases were done at rents above $200 per square foot in 2024, The Post has learned.The deals represented the top tier of the top tier. Meanwhile, there was also a record, 212 deals
Former actress Meghan Markle is inviting Netflix viewers “at home” with her upcoming cooking and lifestyle series “With Love, Meghan,” but there’s a catch. The home isn’t hers. Instead of showcasing her $14.65 million Montecito mansion, Markle, 43, filmed the series at an $8 million farmhouse just 2 miles away, owned by local philanthropists Tom
A sprawling estate perched along California’s Pacific Coast Highway has finally sold for $17.22 million after languishing on the market for nearly 15 years, according to Mansion Global. The sale was initially announced in a press release from its listing brokerage. Located outside the picturesque town of Cambria in San Luis Obispo County, the 78.5-acre
Residential 19th century style residential buildings in historic center of Paris, France. Kolderal | Moment | Getty Images Europe’s real estate sector is poised for further recovery in 2025, as investment activity picks up and growth returns across key market segments, analysts have predicted. A gradual uptick in transactions in 2024 looks set to gain
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon /
It’s safe to say no one wants to feel unsafe where they live. But with nearly 14,000 Americans having died from gun violence this year and the country having experienced $20 billion in climate disasters, 400 mass shootings, and nearly 25,000 motor vehicle deaths, it stands to reason that some cities are more unsafe than
Home Depot navigated a challenging 2024 marked by elevated interest rates and a cautious consumer. But as the year progressed, signs of recovery emerged, setting the stage for a rebound in 2025, fueled by increased housing turnover and pent-up demand in the home improvement market. Year-to-date performance: up 12% Forward price-to-earnings multiple: 25 versus a
A home available for sale is shown in Austin, Texas, on May 22, 2024. Brandon Bell | Getty Images There’s good news in the housing market to close out 2024: There’s a lot more supply. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual. Active listings in
I’ll buy there for you. The mid-century Los Angeles home that “Friends” star Matthew Perry purchased several months before his death is now in contract to sell to its next owner. However, the final sale price and identity of the buyer are not yet known. Mansion Global reports that Perry, who passed away in October
The Golden City is losing its shine. Housing prices in San Francisco have plunged to pre-pandemic levels amid widespread layoffs in the tech sector, SFGATE reports. Despite still being one of the more expensive metropolitan areas in the US, prices for condominiums and co-ops in the city were down 14.7% from May 2022 and now
Hey, Jeff, can you spare a cup of sugar? One of the most expensive pieces of real estate now on the market in the United States is a land parcel on exclusive Indian Creek Island off the coast of Miami — and a deep-pocketed prospective owner can call Jeff Bezos their neighbor. Thing is, that
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