Procuring a property in one of America’s many ski towns in a bid to live out your alpine dream comes—more often than not—with a hefty price tag. Big-name resorts like Vail, CO, Park City, UT, or Big Sky, MT, boast an array of beautiful and incredibly expensive homes, with prices in these areas typically ascending into the millions, if not
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Call it a “Whopper” of a deal. Two Burger King franchisees have chosen to auction off their Florida mansion on Hutchinson Island that was last listed for $7.4 million, Mansion Global reports. The online sale — to be handled by Interluxe Auctions — will officially begin on Jan. 13 with a $2 million starting bid.
Break out the Cristal! Retired two-time world boxing champion Floyd Mayweather Jr. has finally found a Manhattan residence — and for a glittering $100,000 a month, to boot. The boxer-turned-real estate investor, who boasts 30 million followers on social media, is renting a sprawling, high-floor duplex inside the Baccarat Hotel and Residences at 20 W.
The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates to fall. But that may not happen for some time. “I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan
As a life/business coach, Tony Robbins helps people reach new heights. He apparently wants to live that way, too. Robbins is in contract to buy a splashy, glass-cubed penthouse at the Waldorf Astoria Hotel & Residences Miami, billed as the tallest residential building south of Manhattan. At 1,049 feet high, the Waldorf will be Miami’s
Homebuyers touring a house with a real estate agent. sturti | Getty The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie
It’s a knockout! A landmarked, $49.5 million Gilded Age mansion in the heart of Manhattan has caught the eye of famed boxing champ Floyd Mayweather Jr. After recently touring the city’s most expensive rental, as Gimme Shelter exclusively reported — a $150,000-a-month Soho penthouse owned by former Uber CEO Travis Kalanick — Mayweather has moved his
Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales
We’re buying 50 shares of CrowdStrike at roughly $354 each and 25 shares of Home Depot at roughly $390. Following Thursday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of CRWD, increasing its portfolio weighting to 2% from 1.5%. The Trust will also own 225 shares of HD, increasing its weighting to 2.5% from
Eyecrave Productions | E+ | Getty Images Buying a house is not easy or cheap, especially in today’s market. But while it’s too soon to tell whether the housing market is going to favor buyers or sellers next year, some areas will offer more favorable market conditions than others, according to a new report by
Miami’s barrier islands are home to many tall luxury buildings, and, according to a study recently published in Earth and Space Science, about three dozen are sinking. Thirty-five luxury condos and hotels across Florida’s Sunny Isles Beach, Surfside, Miami Beach and Bal Harbour have faced subsidence in the past handful of years, the study found.
Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of
The Federal Reserve announced Wednesday that it will lower its benchmark rate by another quarter point, or 25 basis points. This marks the third rate cut in a row — all together shaving a full percentage point off the federal funds rate since September. For consumers struggling under the weight of high borrowing costs after
Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract interest rate for
There were some shifts in the rankings for America’s hottest real estate markets for higher-end vacation homes this year compared to last, and the top spot this year saw a meteoric rise in popularity. A fresh analysis from second-home co-ownership marketplace Pacaso revealed which U.S. counties were the hottest markets for luxury vacation homes in 2024, based on increases
We’re buying 25 shares of Home Depot at roughly $407 each and 14 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will own 75 shares of BLK
Hilton assured us in October that the latest postponement we recently reported in reopening the landmark Waldorf-Astoria hotel — until spring of 2025 — would be the project’s last delay. A week ago, as if to give credence to that, Hilton trumpeted that the online room reservations site would go live on Dec. 10. It
Miami Heat star Jimmy Butler is living large, shelling out over $70,000 a month to rent a sprawling waterfront mansion on Miami Beach’s exclusive Hibiscus Island, sources told the Real Deal. The six-time NBA All-Star, whose name has been swirling in trade rumors, has temporarily moved into the 8,500-square-foot property. The five-bedroom estate boasts ocean
The Federal Reserve is expected to lower interest rates by another quarter point at the end of its two-day meeting on Dec. 18. That would mark the third rate cut in a row — altogether shaving a full percentage point off the federal funds rate since September. So far, the central bank has moved slowly as they recalibrate policy after
Nestled on one of New York City’s most picturesque blocks, Bob Dylan’s former residence at 242 E. 49th St. is up for grabs at $7.25 million. This five-story Turtle Bay Gardens townhouse boasts a rich history of celebrity tenants, including Hollywood royalty, Broadway legends and Dylan — one of America’s most iconic musicians — according
Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest
The official residence of the US ambassador in Athens, Greece, commonly referred to as the Jefferson House, serves as both the ambassador’s home and a venue for diplomatic events. The exterior of the residence in Athens, Greece, where the US Ambassador resides. Athens College And it will soon be home to former Fox News personality,
Tal Alexander (L) and Oren Alexander (R). Getty Images Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The brothers were arrested in Miami Wednesday on sex trafficking charges related to the alleged assaults. They face charges of
Sdi Productions | E+ | Getty Images A number of factors can get your mortgage application denied. So-called “unverifiable income” is one of them. Mortgage lenders want to know if you’re financially capable of paying back the loan. One way they’ll do that is by requesting documents like your federal income tax returns, W-2 and
From 2020 bust to 2024 boom. Manhattan’s office market mounted a stirring recovery from its pandemic doldrums, with space so tight that tenants wanting to move or expand are out of luck. Companies such as Singapore-based sovereign wealth fund Temasek, which has 27,000 square feet at the Seagram Building at 375 Park Ave., wanted to grow
The American mall isn’t dying — it’s evolving. Once the epicenter of suburban life, these sprawling shopping centers are now being transformed into mixed-use hubs, combining housing, retail and entertainment in a bold bid to stay relevant in a changing world, reports CNBC. Developers are bulldozing empty department stores like Macy’s and JCPenney, trading the
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings at least 30 years old, like the Champlain tower that fell, have to undergo special inspections, make repairs and gather reserve funds for future maintenance. The deadline is
Century 21, the discount fashion department store, slimmed down from 250,000 square feet to 100,000 square feet when it reopened in May 2023 after more than two years of pandemic closure. But the ASG Equities, the real estate arm of the store’s owners, the Gindi family, went right to work finding new tenants and uses
Miniseries | E+ | Getty Images Housing is not cheap — whether you’re buying or renting. In October, the median sales price for a single-family home in the U.S. was $437,300, up from $426,800 a month prior, according to the latest data by the U.S. Census. Meanwhile, the median rent price in the U.S. was
Grace Hightower, the actress and ex-wife of Robert De Niro, is ready to turn the page on another chapter of her life. Following the onetime couple’s high-profile 2018 split, Hightower has secured a buyer for the sprawling Central Park-facing co-op they shared in the Brentmore, a storied Upper West Side address once home to celebrities