Owngarden | Moment | Getty Images A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May. Meanwhile, South Dakota officials in August declined the federal funding, which is tied to two new programs created by
Month: September 2024
In this article 2202-HK 688-HK 960-HK Follow your favorite stocksCREATE FREE ACCOUNT A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China
The Manhattan office market continues to surprise with unexpected new leases and expansions – and now, a most unlikely relocation that nobody saw coming. Bridgewater Associates, the world’s largest hedge fund manager, has inked a deal to open its first Manhattan office. The Westport-based firm closed on a hush-hush, 60,000 square-foot lease at 295 Fifth
Billionaire Dan Snyder’s former Washington DC-area mansion just got a massive price trim — but it’s all for a good cause. The sprawling French Chateau-style estate in Potomac, Maryland, has had $5 million lopped off its last asking price, now down to $29.9 million. It was initially listed for a whopping $49 million. Snyder, the
Continuing the post-pandemic trend, yet more Manhattan office buildings have been marked for conversion into residential units. The newest address to join the pool is 77 Water St., a 26-story Financial District tower that Big Apple-based real estate firm Vanbarton reportedly plans to turn into some 600 rental apartments, people familiar with the matter told
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over
Anyone who’s tried to rent an apartment in New York City knows that it’s highly competitive and highly priced, and the latest data suggests this market is showing no signs of letting up. In August 2024, the median asking rent for apartments in four New York City boroughs — Manhattan, Queens, the Bronx, and Brooklyn — was $3,425, a
Fstop123 | E+ | Getty Images While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates. Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. That’s down
Michelle Williams is giving fans a chance to live in Hollywood-style luxury — if they’ve got $35,000 a month to spare. “The Brokeback Mountain” star has put her massive 6,500-square-foot mansion in Brooklyn’s Prospect Park South up for rent — offering eight bedrooms, six full bathrooms and plenty of A-list perks, according to Realtor.com. The
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with
Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate
The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week
Homebuyers hoping for a flood of homes to hit the market from aging baby boomers might be disappointed by the results of a new survey. Among boomers who own homes, 54% say they never plan to sell the house they live in, according to a poll from Clever Real Estate. Now in the age range of
A psychedelic rainbow delight of an apartment has hit the market on the Upper East Side for $8.75 million. The floor-through unit at 188 E. 76th St. is the longtime home of the artist Apryl Miller, who successfully sought to cover every inch of the space in color. “The idea always was to make a
Dream of Californication. The former Beverly Hills home of Red Hot Chili Peppers singer Anthony Kiedis has listed for $11.25 million, The Post has learned. Kiedis, 61, lived at the property from 2004 to 2007, during which time the rock group recorded and released its seminal, Grammy Award-winning double album “Stadium Arcadium,” which includes such
Street scene in Old Bond Street, Mayfair, London, United Kingdom. Pawel Libera | The Image Bank | Getty Images LONDON — Monaco, Italy, Switzerland, Dubai. They’re just a few of the destinations trying to lure away the U.K.’s uber wealthy ahead of proposed changes to the country’s divisive non-dom tax regime. Almost two-thirds (63%) of
Moyo Studio | E+ | Getty Images The Federal Reserve announced a half percentage point, or 50 basis points, interest rate cut at the end of its two-day meeting Wednesday. And, naturally, some Americans will want to make the most of the central bank’s first rate cut since the early days of the Covid pandemic.
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors. That is slightly lower than what analysts expected. Sales were 4.2% lower than August 2023. It marks three straight months of sales below the 4 million mark,
After years of sky-high mortgage rates, the Federal Reserve finally cut rates on Wednesday at its policy meeting. The Fed doesn’t set mortgage rates, but the two numbers often move in the same direction — and this much-anticipated rate cut should give the sluggish real estate market a much-needed kick-start. Just 11 months ago —vin
Andresr | E+ | Getty Images The Federal Reserve is poised to make its first interest rate cut in years on Wednesday. But homeowners shouldn’t bet on the move as an opportunity to immediately refinance their mortgage. That’s because “a lot of these rate cuts are already priced in,” Chen Zhao, the economic research lead
Chris Wattie | Reuters The Federal Reserve announced Wednesday it will lower its benchmark rate bya half percentage point, or 50 basis points, paving the way for relief from the high borrowing costs that have hit consumers particularly hard. The federal funds rate, which is set by the U.S. central bank, is the interest rate
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images Mortgage rates came down again last week, and with the expectation that they could fall further, mortgage demand suddenly jumped, especially for refinancing. The Federal Reserve is expected to make its first
Mariah Carey’s penthouse might be sitting pretty in Manhattan, but her financials? Not so much. The diva has stacked up mortgages totaling $18.6 million on her posh Tribeca pad — most of which was cashed out in loans. Seems like the “We Belong Together” singer’s lifestyle requires a little more than the holiday royalties from
Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Courtesy of Shu Matsuo Post The idea of financial independence can mean different things to different people, but one common way to define it is having enough money that you no longer need to rely on
It may have been a big fat lie. Boston’s famed Skinny House on 46 Hull St., the narrowest home in the city, may not have been built out of spite at all, a resurfaced 1920s article and historical materials reveal. The popular Beantown tale claims that the 10-foot-wide home that last sold in 2021 was
Roosevelt Island is a much more hospitable, fun place than it originally was. The biggest reason is the large-scale, two-decades endeavor known as Riverwalk, which has brought more than 4,000 new residents to eight new buildings north of the bridge. The near $1 billion complex developed by a joint venture of Related Companies and
Chris Pratt and Anna Faris’ former Los Angeles home has listed for $7.5 million. The property, which once belonged to the Hollywood stars, is now owned by Brett Mahoney, the executive producer and showrunner behind several hit TV shows, such as “CSI: Miami.” Billy Rose and Natasha Sizlo of The Agency hold the listing. Pratt
MISSOULA, Mont. — In a subdivision near the northern edge of town, a number of condos and duplexes have popped up in the past three years. It’s part of a larger effort, including new zoning laws, to help provide affordable housing to Montanans who have found themselves priced out of the market, said DJ Smith,
Recent signs of cooling inflation are paving the way for the Federal Reserve to cut rates when it meets next week, which is welcome news for Americans struggling to keep up with the elevated cost of living and sky-high interest charges. “Consumers should feel good about [an interest rate reduction] but it’s not going to