Owning and living in a townhouse has long been a peak status symbol in New York City, an achievement that places one amongst Rockefellers, Carnegies, Fricks, Vanderbilts and the like. But, amid growing concerns about crime — a recent poll from Citizens Budget Commission found that just 37% of New Yorkers rated public safety in
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Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on April 11 in one of the country’s biggest fraud cases over the embezzlement of
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
This aerial picture shows homes near the Chesapeake Bay in Centreville, Maryland, on March 4, 2024. Jim Watson | Afp | Getty Images Overall mortgage demand has now moved sideways for three straight weeks, but last week saw a split between those looking to buy a home and those hoping to save money with a
Miami nightlife guru David Grutman, of Groot Hospitality, and his spouse, fashion/jewelry designer Isabela Rangel Grutman, have listed their Zaha Hadid-designed condo for $7.2 million. The four-bedroom, five-bath condo is at One Thousand Museum Miami, once dubbed the “Scorpion Tower” — a 62-story, 707-foot-tall building that comes with its own helipad. The Grutmans have hosted
Westend61 | Westend61 | Getty Images It’s unclear when the Federal Reserve could begin cutting interest rates, but many homeowners who took out a mortgage in recent years — as rates hovered between 6% and 7%, and even touched 8% — are paying attention for opportunities to refinance. Thanks to those high mortgage interest rates,
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of recent homebuyers had regrets about their
Past rows of steel- and carbon-frame bikes, behind a floor-to-ceiling curtain, to the left of the mechanic’s room, this Prospect Lefferts Gardens institution is freshly reopened. The second incarnation of Jermaine, Paul and Johann Burrowes’ restaurant, MangoSeed, started serving up Caribbean fare this February following intense community pressure, the brothers say. The brothers and professional
New Yorkers can breathe a sigh of relief after a surprising 4.8 magnitude earthquake jolted the city on Friday morning. While the tremors from New Jersey may have rattled a few nerves, experts assure that the Big Apple’s skyline remains standing strong. Jesse Richins, lead seismic engineer at the New York City engineering firm MRCE,
The walls of 1443 Devlin Drive in Los Angeles have echoed with the melodies of Christina Aguilera, witnessed the glamour of Liza Minnelli’s days, and hosted the illustrious career of Jack Haley Jr., along with journalist Steven Herman. Now, this iconic Hollywood abode, steeped in history, is up for grabs. Priced at a cool $8.4
In California’s real estate market, a slowdown in home construction is sending ripples of concern through the industry. With fewer homes being built, experts warn that the already sky-high housing prices could skyrocket further due to limited supply, exacerbating the state’s affordability crisis. Ken Kahan, the president of California Landmark Group, known for his luxury
In a celestial spectacle that will turn eyes towards the heavens, Monday’s solar eclipse has transformed Indianapolis into a bustling hub of anticipation. With the rare phenomenon set to cast its minutes-long shadow over the city in the path of totality, Indianapolis isn’t just preparing for a natural event — it’s shutting down entirely to
A California abode that’s remained frozen in architectural amber has found a new owner. This January, for the first time in its six-plus decades of existence, a perfectly preserved time capsule of a property in Palm Springs hit the public sales market, seeking $8.75 million. Now, less than three months after listing, the midcentury-modern gem
Alexander Spatari | Moment | Getty Images The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country. While some housing experts criticized the move, tenant advocates said the new rule, which will cap rent increases at 10%, will help people to stay in their
High-rise buildings are illuminated at night in the West Coast New Area of Qingdao, East China’s Shandong province, on March 22, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s real estate troubles are likely far from over and industry problems need to be addressed quickly if overall GDP growth is to pick up
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates didn’t move much last week, and for the second week in a row, neither did mortgage demand. Potential buyers are handcuffed by exorbitant costs and low supply, and current homeowners have little to no incentive
A home on one of the only private streets in Manhattan has just hit the market. On the far west side of Manhattan, on a block that defies the street grid and most New York City real estate, several stately houses sit behind gates that show an address of 687 Greenwich St. This is Greenwich
The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high.
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT 10’000 Hours | Digitalvision | Getty Images Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. That is 35% more than what the typical household
A wealthy pair who spent years turning two Upper West Side townhouses into a mega-mansion — making enemies with their neighbors — have now listed the lavish home for $85 million. Paris-based businessman Pierre Bastid and his wife, jazz singer Malou Beauvoir, bought 48 and 50 W. 69th St., between Columbus Avenue and Central Park
The Downtown office market is in even worse shape than widely reported data indicate, according to several major dealmakers. One of them, an industry legend not given to doom-and-gloom scenarios, told us that huge amounts of space are quietly up for sublease even at the World Trade Center and Brookfield Place – Lower Manhattan’s best-performing
Sean “Diddy” Combs owes nearly $100 million in mortgage payments on a trio of mansions in Los Angeles and Miami that were raided by federal agents this week, according to a report. The embattled rapper took out eight bank loans, totaling a whopping $140 million, to pay for the sprawling properties, the Daily Mail reported.
Glades County is one of Florida’s sparsest locales, a rural expanse with 12,000 residents, two firefighters and no major grocery store. It’s there that Jeff Akerman is springing to life a religious Jewish community of 1,300 homes — the next Williamsburg, Brooklyn, but on Lake Okeechobee. The novel project — planned with two synagogues and
Four major retail landlords are suing the city to lower their property taxes, which they say are unfairly based on their pre-pandemic rents. According to the suit first reported by the Real Deal, owners of prime retail condos on Fifth Avenue and East 59th Street claim their property taxes are “grossly overassessed” because they’re based
Wall Street South execs are moving north — but only a few miles. And they’re not alone, as many house hunters on this end of Florida look to the under-the-radar Palm Beach Gardens — just 12 miles north of Palm Beach, which offers more space and less of a hustle. As The Post reported in
Ascentxmedia | E+ | Getty Images Rent prices for one- and two-bedroom apartments grew in March for the first time in six months. The monthly cost for a one-bedroom apartment across the U.S. bumped up to $1,487, a 0.3% increase from February. The price of a typical two-bedroom apartment also jumped 0.5% to $1,847,
DJ Khaled’s former South Florida mansion is hitting the market for $16.39 million — and much of his furnishings, including three 14-karat gold chandeliers with Swarovski crystals and his sneaker shrine, are part of the deal. The Aventura home, at 3914 Island Estates, includes the music producer’s famed 500-plus sneaker collection room, with its “WETHEBEST”
Former U.S. President Donald Trump speaks from the hallway outside a courtroom where he attended a hearing in his criminal case on charges stemming from hush money paid to a porn star in New York City, U.S., March 25, 2024. Brendan Mcdermid | Reuters A court ruling that slashed Donald Trump‘s civil fraud appeal bond
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