Vm | E+ | Getty Images Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry
Month: August 2024
Despite soaring prices, the rate of people becoming first-time homebuyers is going up. According to fresh findings from Redfin, pending starter home sales were up 10.2% in July when compared to the same time in 2023. The real estate company defined a starter home as a residential property with a sale price that fell into
The Good Brigade | Digitalvision | Getty Images Despite being a hallmark of the American Dream, buying a home is less affordable for many these days. Higher mortgage rates and a shortage of houses on the market relative to demand have kept prices elevated and created a financial crunch for many would-be buyers. The median
It’s London calling for these minted Americans. Cashed-up expats are increasingly investing in London’s luxury real estate market, according to a new report from Bloomberg, with sales doubling in just six months. A strong dollar plus various social and political problems plaguing the United States have our citizens scouring the British capital to snap up
The median price per square foot in Manhattan, NY is $1,500, according to My Dolce Casa. Alexander Spatari | Moment | Getty Images Manhattan, New York is infamous for being expensive. The city consistently ranks as one of the world’s most costly places to live in. Purchasing a 500-square-foot condo in New York City can
Tech entrepreneur and influencer Alfonso Cobo, the co-founder of Unfold and Hypelist, is about to put his gut-renovated Tribeca loft on the market for $6.99 million. The exquisite duplex is at 415 Washington St., better known as the Fairchild. It comes with two terraces, a fireplace, dramatic 21-foot-high ceilings and double-height arched windows. Tech entrepreneur
Mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed. Total mortgage application volume rose just 0.5% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances
An enormous custom estate is now up for auction in southern New Jersey — and although it cost its creators some $27 million to build, the reserve price is just $10 million. Located a 30-minute drive from Philadelphia, straddling the border of two townships — Moorestown and Cinnaminson — the approximately 40,000-square-foot compound is currently
A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S. The Good Brigade | Digitalvision | Getty Images Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally
On New Hampshire’s Squam Lake, a historic summer house with a Titanic connection is looking for its first new owner in a century. The eight-bedroom, four-bathroom, 5,600-square-foot property is set on 3.8 acres that include over 960 feet of shorefront, the Wall Street Journal first reported. It is currently priced at $9.5 million, and would
Shaunl | E+ | Getty Images Consumers in the market for a home have been patiently waiting for the Federal Reserve to cut interest rates — a move it seems poised to make in September. But without action from Congress, there could be another change at the end of that month that makes it temporarily
Last week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon. “The time has come for policy to adjust,” the central bank leader said in his keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. For Americans struggling to keep up with sky-high interest charges, a likely
Uptown Madison Avenue, the city’s premier luxury shopping corridor, faces momentous change on the gilded blocks where East Midtown meets the Upper East Side. Two large office retail buildings are being demolished for new, mixed-use projects about which little is known. Meanwhile, wealthy fashionistas and even wealthier real estate investors wonder what’s to become of
Twenty-eight years too early is how developer Stephen Ross describes his firm’s arrival in West Palm Beach, the Florida city he’s now helping transform with a trio of new office towers, ultra-luxury condos, and soon, a university. West Palm Beach Mayor Keith A. James and leading real estate developer Stephen M. Ross at the April groundbreaking
The remote town of Deary, Idaho, where the population barely reaches past 550, has become a buzzy spot to visit, thanks to a converted historic train car that’s quite a sought-after stay for travelers. It’s a 120-year-old combination railcar that a man named Isaac French and his family restored, turning a decaying relic into a
In this article DHI LEN PHM Follow your favorite stocksCREATE FREE ACCOUNT Shareholder returns for top homebuilders D.R. Horton and Lennar outpaced the wider S&P 500 between August 2014 and August 2024. Analysts downgraded the investment outlook of both companies this summer. However, some investors remain optimistic about the industry’s prospects for performance. Stock Chart
Even for Hollywood royalty like Jennifer Lopez and Ben Affleck, the taxman cometh — and he’s not playing around. While their glitzy split is making headlines, what’s flying under the radar is the jaw-dropping tax bill that comes with their soon-to-be former Beverly Hills mansion. The sprawling 38,000-square-foot estate, now listed on Zillow for a
www.FreedomMentor.com founder Phil Pustejovsky shares Real Estate Investing 101
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That
Rapper-songwriter, chef and TV presenter Action Bronson — who lost 130 pounds after vowing to get healthy during the pandemic — toured an 11th-floor unit at the Huron on the Greenpoint waterfront in Brooklyn recently. The family-sized, 1,626-square-foot corner condo is on the market for $3.25 million. Common charges are an additional $2,334 a month.
A house under construction is seen between completed houses in a new development in Brambleton, Virginia on August 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell for the third week in a row last week, but the rush to refinance took a breather. Applications to refinance a home loan dropped 15%
Welcome to the new reality of sorority life in the South, where living in luxury isn’t just a perk — it’s a necessity. At the University of Alabama, the Delta Zeta sorority house isn’t just a place to crash between classes. It’s a $17 million, 40,000-square-foot palace complete with a grand staircase, a crystal chandelier
Sdi Productions | E+ | Getty Images Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment. Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away. Rising home prices, stagnant wages, and restrictive mortgage terms have made it increasingly difficult to take that crucial
Democratic U.S. presidential candidate, Vice President Kamala Harris, speaks at an Aug. 10 campaign rally in Las Vegas. Justin Sullivan | Getty Images News | Getty Images Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below
In Bartlesville, Oklahoma, the only Frank Lloyd Wright-designed skyscraper ever successfully constructed has become mired in chaos — and is soon set to hit the market. Built in 1956, the iconic Price Tower has been struggling for some years now, but local outlets are now reporting that its owner, Cynthia Blanchard, is preparing to list
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Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders described as a 32-year leasehold condominium purchase restores the mixed-use property across from Macy’s to 100% fully occupied. Sources said YU will have 160,000 square feet on Herald Center’s floors 5-9 as well as parts