A classic Edwardian home in San Francisco‘s Russian Hill with timeless character has been snapped up for $488,000 by a savvy homebuyer. The unusually low price is far less than half of the city’s $1.2 million median list price and an even smaller portion of the property’s estimated $1.4 million value. Though the home might seem like a
Month: November 2024
A population boom in Montana is driving up home prices there faster than in any other state in the nation, for good and for ill. The trend predates the wildly popular drama series “Yellowstone,” which debuted in 2018 and stars Kevin Costner as Montana rancher John Dutton. The series’ final episodes began airing earlier this month. From
Brooklyn Nets star center Nic Claxton has been spotted house hunting in Red Hook, we hear. One spot Claxton — who has been fighting a “long term” back injury — toured was a new-development townhouse asking $4.49 million. The five-story modern property at 98 Coffey St. in Brooklyn is 3,976 square feet. Built in 2023,
The Good Brigade | Digitalvision | Getty Images Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with 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 ($766,550 or
America’s first solar-powered community has had a “mind-blowing” effect on residents’ power bills — and it’s even getting attention for surviving Hurricane Milton unscathed, and without losing power. Billed as “the Hometown of Tomorrow,” this planned community in Punta Gorda, FL, just 15 miles from Fort Myers, is fueled by solar energy, thanks to the 880-acre solar
Brandon Bell | Getty Images News | Getty Images As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Trump’s campaign promises — from tariffs to mass deportations, tax cuts and deregulation — and his picks to lead federal agencies suggest both risks and rewards for
Blackcat | E+ | Getty Images It’s no secret that homeowners often have higher net-worth than renters. But while renters face unique affordability challenges, there are still steps they can take to improve their financial standing. In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new
Steiner NYC, the company that created the Hollywood-inspired Steiner Studios for film and television production, has refinanced another crucial component of the Brooklyn Navy Yard. The $148.5 million bridge loan from Deutsche Bank is for Admirals Row, the 8-acre, 696,000 square-foot mixed-use complex that’s home to Wegmans and to 350,000 square feet of light industrial
Republicans are suddenly more optimistic about the housing market after Donald Trump‘s presidential election win, while Democrats grow less so, according to a new survey commissioned by Realtor.com®. Roughly 1 in 5 Republicans say they are now more likely to buy a home as a result of the election, while 24% of Democrats say they are now less
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted,
Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
We’re selling 165 shares of Best Buy at roughly $86 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 600 shares of BBY, decreasing its weighting to about 1.5% from 1.9%. Best Buy shares have been on a steady decline since October on concerns about electronic retail sales and the potential for higher tariffs
This statement home in Georgia is now listed for a just-as-statement sum — but its design alone wasn’t always enjoyed by locals. On Sea Island, a contemporary structure that stands apart from the neighboring Mediterranean-style residences aims to fetch $40 million, according to the Wall Street Journal, which makes it among the most expensive in
Supermodel Cara Delevingne has sold her fire-ravaged Los Angeles mansion for $4.6 million—six months after the property was destroyed in an enormous blaze. Property records indicate that the Studio City, CA, mansion, which Delevingne purchased for $7 million back in 2019, was sold in an off-market deal on Sept. 17 via an LLC. Images of the four-bedroom, six-bathroom home taken just
So many real estate heavyweights turned up at the opening party for Daniel Boulud’s steakhouse La Tete d’Or at One Madison on Thursday, one guest called it “a Fried Frank preview,” referring to the law firm’s annual holiday bash next month. The likes of Aby Rosen (looking cheerfully untroubled by his Chrysler Building travails), Joseph
Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents’ home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent
Former “Real Housewives of Orange County” star Kelly Dodd and her husband, ex-Fox News reporter Rick Leventhal, have parted ways with their picturesque Westhampton, LI home — selling it for $1.16 million, The Post has learned. The duo, now firmly planted in Southern California, decided that managing the East Coast property was no longer practical.
Pekic | E+ | Getty Images Mortgage rates seem to have steadied. That may be a good sign for the market, experts say. The average 30-year fixed rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from 6.79% a week prior, according to Freddie Mac data via
Greg Carr, the tech mogul behind Boston Technology and former Prodigy chair, is saying goodbye to his glam New York penthouse after almost a quarter century. And it comes with one rare, and shiny, perk that literally sets a gold standard. The coveted 5,000-square-foot gem at 170 Fifth Ave., crowned by a 40-foot gold dome,
First-time homebuyers in America are hitting an unprecedented milestone, and it’s not one they’ll be celebrating. According to the latest data from the National Association of Realtors (NAR), the median age for first-time buyers has surged to 38 — the oldest on record and up three years from just last summer. Gone are the days
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver’s seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese. M&A activity in the single-family homebuilder space is having a record year in terms of dollar volume, and close to a record in the number of deals, according
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically
Americans spend billions of dollars each year on Amazon purchases for their homes, but a new wave of shoppers are now turning to the online retail giant for the homes themselves—little houses that start at just $10,000 each. With the median house price in the U.S. now at $424,950, many people feel that the American dream of owning
Scott Olson | Getty Images News | Getty Images President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. “We’re going to open up tracks of federal land for housing construction,” Trump said during an Aug. 15 news conference. “We desperately need housing for people who can’t
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. The S & P 500 edged higher Monday, extending Friday’s postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and
No kidding: Homebuyers with kids are becoming less and less common. In fact, only 27% of recent buyers had a child under age 18 living with them, which was an all-time low, according to the National Association of Realtors® 2024 Profile of Home Buyers and Sellers. That share is down from 30% last year and 58% in 1985. “With rising
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. Market rotation: The Dow was the big winner Monday, tracking for its first close above 44,000. However, the pressure on the S & P 500 and
Parade attendees wave Puerto Rican flags on Fifth Avenue in Manhattan during the annual Puerto Rico Day Parade. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Young adults in Puerto Rico are on shaky financial ground, a study finds. About 47% of respondents in the U.S. territory are
In this article DIS HD HON WFC MS Follow your favorite stocksCREATE FREE ACCOUNT President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer
The city’s largest commercial landlords enjoyed big boosts from Bloomberg LP’s sustained and growing stake on Midtown’s East Side. The media giant’s 924,876 square-foot renewal and expansion at 919 Third Ave., which we reported first, came as a welcome surprise to landlord SL Green. Bloomberg LP will lease nearly 1 million square feet at SL