A legendary architect is now building homes from beyond the grave — sort of. Seattle-based Lindal Cedar Homes is now selling house kits inspired by the late, respected American architect Frank Lloyd Wright, who passed away at age 91 in 1959 — and whose celebrated existing homes come in rare supply. Since launching the designs
Month: May 2024
The creator of “Glee” and “American Horror Story” has a new project out: This revamped California home. A historic Los Angeles property designed by legendary modernist architect Richard Neutra, and one newly restored by the famed TV producer Ryan Murphy, has hit the market for $33.9 million, the Wall Street Journal first reported. Murphy, 58,
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, mortgage demand flattened at a weak pace. Total mortgage application volume inched up
A colorful, eclectic and luxurious Miami Beach dwelling that was assembled and previously owned by art curator Ximena Caminos — the former partner of Argentine hotelier and real estate developer Alan Faena — has sold for $7.7 million. The home was asking $8.5 million last year, as Gimme Shelter previously reported. Caminos bought the home
Tetra Images | Tetra Images | Getty Images Consumers are putting down more money to buy a home — but the typical down payment is still much less than you might expect. The average down payment was 13.6% in the first quarter of 2024, according to a new report by Realtor.com. The median down payment
Westend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could reduce your bill, experts say. Most Americans don’t owe taxes for selling a primary residence because of a special tax break — known as the Section 121
Change is coming for this famed Florida island, and longtime locals are fighting it tooth and nail. While nearby South Florida locales, including adjacent West Palm Beach, have been built up with shiny, modern buildings in recent years, the South End section of Palm Beach has remained resolutely unchanged — until now. This corner of
People wait at the train station of Wu Qing, Tianjin, on January 8, 2016. Fred Dufour | Afp | Getty Images BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for
Large artworks can help a space feel more homey, according to art consultant Louisa Warfield. Andreas Von Einsiedel | Corbis Documentary | Getty Images There are two common mistakes people make when hanging art in their homes, according to art consultant Louisa Warfield. “The first is, they hang work that is too small for the
An aerial photograph of houses and apartments on coastline in North Bondi, Sydney, Australia. Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Andrew Merry | Moment | Getty Images Australia plans to address its climbing home prices in
In the realm of repositioned “Cinderalla” buildings, Milstein Properties’ 22 Vanderbilt – once known as 335 Madison Ave. – stands with the most elite. The Madison Avenue tower between East 43rd and 44th streets recently landed five new leases totaling 460,000 square feet, bringing the 1.19 million square-foot address to 91 percent leased. None of the
Skynesher | E+ | Getty Images Fewer homeowners have been taking on remodeling projects, reports show. But don’t mistake it for a slow market. The Leading Indicator of Remodeling Activity, an outlook measuring home improvement and repair spending on owner-occupied homes, peaked at 17.3% in the third quarter of 2022. The LIRA has been declining
The current owners of Marilyn Monroe’s former Los Angeles home, a wealthy real estate heiress and her reality TV producer husband, are suing the city for the right to demolish the abode where the star died. Brinah Milstein and Roy Bank filed the lawsuit Monday as an ongoing landmark designation process has stopped them from
Courtneyk | E+ | Getty Images Some Americans plan to tap into real estate markets outside of the U.S. this year. Almost 40% U.S. millionaires plan on buying a home overseas within the next 12 months, according to the latest Trend Report by Coldwell Banker Global Luxury. Another two-thirds of respondents plan to purchase a
A monumental Motor City mansion is set to be auctioned off next month. Detroit’s 31,000-plus-square-foot Bishop Mansion listed last May for nearly $9 million, making the 12-bedroom, 11-bathroom estate the most expensive listing in the city. What’s more, its massive footprint also makes it Detroit’s largest home. But those superlatives didn’t help it find a buyer.
Pay day seriously pales compared to rent day — and it’s only getting worse. A new report has found that, since 2019, rent has gone up on average 1.5 times faster than wages in 44 out of the nation’s 50 largest metros, and nowhere more so than in New York City. According to an analysis
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images Mortgage rates are significantly higher than they were at the start of this year, but they pulled back slightly last week after several weeks of straight increases. That
The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared to about 3% in 2019, according to an
New York’s wobbly office market, limping from a record-high 20% vacancy rate and loss of some tenants to lower-tax South Florida, has more competition to worry about: Boca Raton. The once-sleepy Sunshine State city of 100,000 between Fort Lauderdale and West Palm Beach is surging with new office development and amenities to support it. Boca Raton is
In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT monkeybusinessimages | Getty Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate — but they may not realize how unusual that offering is. “The 30-year fixed-rate mortgage is a uniquely American construct,” said Greg McBride, chief financial analyst for Bankrate. True to
The dream of owning a home is fading for renters across the nation, as soaring housing costs and skyrocketing interest rates form an impenetrable barrier, a recent New York Federal Reserve survey revealed. According to the study released Monday, only a dismal 13.4% of renters still cling to hopes of achieving “residential mobility” — the
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing
It’s been nearly three years since we first reported the lease signing, but Brooklyn Fare Kitchen & Market finally opened last week at Extell’s One Manhattan Square condo tower on the Lower East Side. The 25,500 square-foot market is the largest of three Brooklyn Fares in Manhattan. Brooklyn Fare was founded by Moe Issa in 2009.
Ol’ Blue Eyes shed a few tears when it came to his wives. Frank Sinatra would flee his Manhattan brownstone, which is now on the market for $4.45 million, on nights he fought with then-wife Mia Farrow. “Godfather” actor Gianni Russo, who lives five doors down from where the crooner and the famed actress cohabitated
The minimum income required to buy a home now hovers at $116,000 nationwide, according to a new Realtor.com® report—but this threshold varies greatly based on where you live. On the high end is San Jose, CA, where homes are listed at a median of $1,467,000 and homebuyers need a salary of $361,000 to comfortably cover these massive mortgage
Here’s the median price to rent a 1-bedroom across 10 cities in Asia. Fraser Hall | The Image Bank | Getty Images Renting a place is a big financial decision, especially when choosing to live in a major city where price tags are particularly hefty. The general rule of thumb is to spend no more
Upstate, this stand-alone abode wouldn’t look at all out of place, but on its low-lying Bedford-Stuyvesant block it stands out — and even more so upon entry. This Brooklyn townhouse with a pastel wonderland of an interior and private outdoor space galore has hit the market at 551 Lexington Ave. for $1.3 million. The three-bedroom,
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images When mortgage rates rise, consumers look for any way to lower their monthly payments, and that often leads them to adjustable-rate mortgages. These loans offer lower interest rates than their fixed-rate counterparts but
The Federal Reserve announced Wednesday it will leave interest rates unchanged as inflation continues to prove stickier than expected. However, the move also dashes hopes that the Fed will be able to start cutting rates soon and relieve consumers from sky-high borrowing costs. The market is now pricing in one rate cut later in the year, according to the CME’s
In this article Follow your favorite stocksCREATE FREE ACCOUNT Ryersonclark | E+ | Getty Images Making your home hurricane resistant can be a significant financial undertaking. But it’s one that has the potential to pay off as such storms become more intense amid climate change. In 2024, the national average cost to upgrade an entire