Fashion designer Phillip Lim’s latest Fall 2024 collection was a well-received love letter to New York, embodying some of the hopes, dreams, excitement and lifestyle of those who are born here or drawn here from around the world. Now, the acclaimed designer has something else to celebrate — although it may be bittersweet. Lim’s classic
Month: February 2024
The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or those worth $30 million or more,
In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of
Thianchai Sitthikongsak | Moment | Getty Images Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers. Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for the Presidents Day holiday. The
Dan Castellaneta, the iconic voice of the Homer Simpson character on the long-running animated series “The Simpsons,” is selling his waterfront property in Santa Barbara. The two-bedroom, 2.5-bathroom condo is listed for $6.9m (US$4.5m). The actor purchased this beachy retreat in 2015 for just over $3m, so he should make out with a tidy profit
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty Images The apartment market is finally loosening up. At the same time, competition is heating up in some key markets. There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight
The homebuilding industry is in a race to make its homes environmentally cleaner and more energy efficient. Real estate as a whole is a massive carbon offender. Both the construction and operation of buildings account for 40% of global carbon emissions. Solar panels and energy-efficient appliances help cut emissions, but more needs to be done
Every so often, plans for an important new restaurant somehow remain under the radar almost until opening day. That’s the case with Tucci, a “sister” establishment to FiDi steakhouse phenomenon Delmonico’s and named for partner Max Tucci. The Italian eatery boasting northern and southern dishes will open on March 15 at 643 Broadway on the
Milos Dimic | E+ | Getty Images With various factors keeping homeownership out of reach for Americans, many aspiring homeowners are pessimistic, doubting they ever achieve that goal. Would-be buyers point to two major obstacles holding them back, according to a new Bankrate report. About half, 51%, point to a high cost of living, and
Sol de Janeiro USA, a luxury skincare brand that’s a subsidiary of L’Occitane, is growing its Manhattan presence by 57,203 square feet. The newly signed lease at Empire State Realty Trust’s One Grand Central Place matters more than its size for what it says about the vitality of ESRT’s 8.6 million square-foot office portfolio. The
Brett Nardini, the banker ex-husband of Erika Ayers Badan, who resigned as CEO of Barstool Sports last month, is listing their marital home in Connecticut, The Post has learned. The former couple had purchased the nearly 5,000-square-foot property in New Canaan back in August 2018 for $2.07 million, records obtained by The Post show. The
Witthaya Prasongsin | Moment | Getty Images Despite a slump in U.S. home sales, many homeowners made a profit selling property in 2023. Those gains could trigger a tax bill this season, depending on the size of the windfall, experts say. In 2023, home sellers made a $121,000 profit on the typical median-priced single-family home,
He may be heading to live in the Sunshine State, but Amazon titan Jeff Bezos still has prominent West Coast presence. The Daily Mail reports that Bezos, the third richest man on Earth with a net worth of nearly $194 billion, has added some glam final touches onto his megamansion in Beverly Hills, California. They
Maskot | Digitalvision | Getty Images Several factors may affect your path towards homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and finance at The Wharton School of the University of Pennsylvania. Homeowner parents are
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
A video circulating on social media is causing quite the viral stir, showcasing a miniscule New York City apartment that’s just big enough for a bit of empty space, and not much else. Douglas Elliman agent Omer Labock took to Instagram to give his 136,000 followers an inside look at a Manhattan listing that asks
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count
Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research Center. Slightly more than half of all those surveyed, 52%, believe
Parents and their adult children have revealed what it is like to live together as young Americans in their 20s and 30s increasingly remain at home and rely on mom and dad for financial support. For financial planner Robert Persichitte, living at home runs in the family. “My aunt is a successful professional with a
Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a
Former U.S. President Donald Trump gestures on the day of a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election, in New York State Supreme Court in the Manhattan borough of New York City, U.S., February 15, 2024. Andrew Kelly |
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023. Andri Tambunan | AFP | Getty Images Mortgage interest rates surged last week to the highest level since early December, and that hit mortgage demand hard. Total application volume plunged 10.6% compared
Facing financial fallout, Manhattan’s New School university has put its presidential residence — a historic townhouse in a prime corner of the West Village — on the market. The five-story, 21 W. 11th St. property, located a short walk away from the 100-year-old institution’s campus hub and along the storied Gold Coast, is listed with
Kali9 | E+ | Getty Images Black women are outpacing Black men when it comes homebuying. Single female homebuyers are most common among Black women, representing 27% of Black homebuyers, according to the 2023 Snapshot of Race and Home Buying in America report by the National Association of Realtors. To compare, single women represent 24% of
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. We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible. Here is Monday’s edition. Sectors leading:
In the heart of Carmel-by-the-Sea, where the ocean breeze meets the charm of Spanish-style architecture, a recent $7.5 million sale has sparked a mix of intrigue and concern among locals. The La Rambla building, a historic gem dating back to 1929, with its charming retail spaces and elegant apartments, has changed hands, adding another notch
She could bear-ly contain her excitement. A Gen Zer moved back into her childhood cabin in Homer, Alaska, last year — even though it has no running water or heat — and temperatures have reached 24 degrees below zero Fahrenheit. Karma Wilcox, 19, was born in California and raised in the breathtaking two-story cabin by
Earnings season was not perfect for our industrial-focused portfolio companies, but we’re feeling pretty good about their prospects for the rest of the year. Shares of two of the five names finished Friday at all-time highs, and we belive the others show promise for patient investors. 1. Eaton Electrical power management company Eaton posted a
In a scathing rebuke of a New York Judge’s decision to fine Donald Trump a staggering $355 million, the entrepreneur and media personality Kevin O’Leary minced no words, denouncing the ruling as “unjust,” “appalling” and ultimately “un-American.” Manhattan Supreme Court Justice Arthur Engoron’s Friday ruling not only slapped Trump with that hefty fine, but also