The Federal Reserve announced Wednesday that it will leave interest rates unchanged. However, recent signs of economic growth and cooling inflation are paving the way for a widely anticipated September rate cut, which is welcome news for Americans struggling to keep up with sky-high interest charges. “Consumers should feel pretty good about the U.S. economy,”
Month: July 2024
A majority of current renters in the US say they can’t afford to buy a home, with over half of Americans saying that they are pessimistic about ever achieving their goal of homeownership, per a new CNN poll. CNN’s study found that 86% of current renters in the United States can’t afford to buy a home
Sdi Productions | E+ | Getty Images Home affordability has slightly improved for buyers this summer, according to a recent report. The median new mortgage payment was $2,167 in June, a 2.4% decline from $2,219 in May, according to new data from the Mortgage Bankers Association. The index measures how new monthly mortgage payments change
Prominent Big Apple developer Michael Shvo was slapped with a lawsuit by a disgruntled couple who plunked down $6.1 million for a pad at the Mandarin Oriental Fifth Avenue, claiming the luxury building is riddled with problems — including an “algae-infested” rooftop pool. John Goodman and his wife, Diane Johnson, alleged that the building developed
Valentinrussanov | E+ | Getty Images The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in interest rates could make a meaningful difference in what a homebuyer will pay. To that point, people in the market to
A view of flooded streets after 24 hours of continuous heavy rain over Fort Myers, Florida, United States on June 13, 2024. Anadolu | Anadolu | Getty Images Consumers preparing to renew their homeowners insurance policy may experience some unexpected sticker shock. Between May 2022 and May 2023, home insurance prices rose an average of
Whole Foods signed a lease for a new store in the East Village in a space that has been empty since before the pandemic, Realty Check has learned. The Amazon-owned market will open at 409 E. 14th St., which went dark after an Associated supermarket closed in December 2019, as the company rolls out a
The Jersey Shore house known for serenading beachgoers with the sweet sounds of Frank Sinatra music has finally been sold. Located on the boardwalk of Point Pleasant Beach, the not-so-humble 8 bedroom 4,000-square-foot abode was built in 1987 for the late Sony Music exec and Ol’ Blue Eyes fan Paul R. Smith, who would play Sinatra
A development towers over the Lyric Theater in Miami’s Overtown neighborhood. Greg Iacurci MIAMI — Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami. In its heyday, the theater, in the city’s Overtown neighborhood, was an important cultural hub for
A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Even as home prices hit new highs, experts say there are signs that the housing market is becoming better for buyers in some locations. The median cost of an existing, single-family home in the U.S. was $426,900 in June, a new all-time high, according to the National Association of Realtors. About 3.89 million homes were
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School in West Allis, Wisconsin, on July 23, 2024. Kevin Mohatt | Reuters “Building up the middle class will be a defining goal of my presidency,” Vice President Kamala Harris said at a political event in West Allis, Wisconsin, on Tuesday
This former fortress has a new lease on life as 26 luxury flats, all of which are now seeking buyers. In the English countryside between Sheffield and Birmingham, the meticulously renovated Riber Castle is ready for its market debut as an apartment complex that’s fit for a king. Built in 1862 as the private residence
Monthly rent in Shanghai’s city-center costs approximately $2,700, according to data by Numbeo. Zorazhuang | E+ | Getty Images Living in a major city can come with a hefty price tag, so it’s best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of
US Vice President Kamala Harris speaks on the South Lawn of the White House in Washington, DC, US, on Monday, July 22, 2024. Ting Shen | Bloomberg | Getty Images As she is poised to be the Democratic nominee for president, it remains to be seen how much Vice President Kamala Harris’ policies will mirror
You’ve heard of Miami’s “Billionaire Bunker” and Star Island, playgrounds for the ultra-rich like Jeff Bezos and Ken Griffin. But what about Fort Lauderdale? Once notorious for its rowdy spring break scene, “Fort Liquordale” is now a haven for millionaires being priced out of Miami and Palm Beach — by billionaires. Fort Lauderdale is seeing
Rana Robillard, an Oakland-based tech executive, in front of the home in Orinda, CA that she attempted to purchase earlier this year. Courtesy: Rana Robillard After a yearlong search, Rana Robillard was elated to learn she’d beaten three other bidders for a house in the leafy California suburb of Orinda, just outside of San Francisco. So
An aerial view shows a subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates eased very slightly last week, but not enough to get today’s potential homebuyers off the fence. The average contract interest rate for 30-year fixed-rate mortgages with
Tech entrepreneur Jody Glidden, who is dating Lisa Hochstein of “The Real Housewives of Miami” fame, sold his Miami Beach mansion for $11.85 million on July 18, Gimme Shelter has learned. Glidden is currently CEO of Postilize, an AI firm. The home, at 250 S Hibiscus Drive, first went on the market for $13.95 million last
Heat waves this summer have slowed down open house foot traffic in some areas, according to a recent report. Summertime home sellers may need to get creative to beat the heat. Pending home sales are down 5.6% from a year ago, the biggest decline in eight months, according to Redfin, a real estate brokerage firm. While
Two renters pose in front of their new home that they’re renting from Roots, a program that helps renters invest in real estate. Courtesy: Katie Curran When Will Hunnicutt was searching for an apartment in Atlanta earlier this year, pricey leases and application rejections left him feeling defeated. “The three-and-a-half times income-to-rent ratio is kind
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of
KALAMAZOO, MICHIGAN – JULY 17: US Vice President Kamala Harris speaks at a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan. Harris’ visit, following the attempted assassination of former President Trump, makes this her fourth trip to Michigan this
Halbergman | E+ | Getty Images Are you ready to buy a home? Many renters have no idea. Millions of renter households in 2022 would have been able to buy a house that year, according to a new analysis by Zillow, which is based on estimates from the American Community Survey by the U.S. Census
If you’ve ever wanted to be neighbors with the British model and actress Cara Delevingne, now’s your chance. A historic Gramercy Park penthouse, sharing the ninth floor with Delevingne’s triplex, has hit the market for $2.39 million. And it comes with those coveted keys to Gramercy Park, New York City’s only private park. Actress and
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Unlock Your Real Estate Wealth: Your Ultimate Guide to Success 🏡💰 Welcome to Faswork Realty – your ultimate destination for all things real estate investing, property flipping strategies, and rental property tips! Whether you’re a seasoned investor or just starting out, our channel is your go-to resource for unlocking the potential of real estate to
In this investing report, you’ll discover why there is a motivated seller bonanza right now. Plus, you’ll learn that you may be three feet from gold, how the foreclosure shake up is affecting the industry and how you can profit outrageously from this market.
How real estate is much like playing Monopoly in real life? From acquiring properties to strategizing for long-term gains, we’ll break down the similarities and provide you with actionable tips to navigate the real estate market with the same savvy approach you use in the game. REAL ESTATE INVESTING RESOURCES My Buy Box – Send
How to buy foreign real estate as a US person — and save taxes Today the caller is coming into some money and want’s to buy real estate outside of the US. I tell him how Thumbs up and subscribe if you like it! 😃 How many videos of James have you watched today? Do
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