Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis more than a decade ago. Sales were down 8.5% from October
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A famous work of street art has gone down with its ship. In the coastal English town of Dover, a landmark piece by the long-celebrated street artist Banksy has been destroyed as a result of its building’s demolition — but parts of the work may still get another life, CNN reported. The mural, which depicted
Detached houses on a large housing development on the western side of Nashville, Tennessee. Georgeclerk | Istock | Getty Images Nashville natives say they barely recognize the city’s skyline anymore. And they probably won’t anytime soon, as cranes still litter the picture. The Nashville building boom is in full effect, despite higher interest rates, higher
Former U.S. President Donald Trump looks on, as the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James continues, in New York City, U.S., October 3, 2023. Eduardo Munoz | Reuters A New York appeals court Thursday reinstated a gag order
Philadelphia Eagles powerhouse and six-time Pro Bowl center Jason Kelce isn’t just making waves on the field. The 36-year-old is steadily expanding his real estate empire across Pennsylvania, New Jersey — and even in Cleveland. Kelce, the brother of NFL sensation Travis Kelce, who has been nabbing recent headlines of his own for his relationship
Nashville skyline at dusk. John Greim | LightRocket | Getty Images Over the past 30 years, Nashville, Tennessee — a city known for country music — has seen a flood of transplants moving from higher-cost cities. For new residents, “everybody has a different story,” said Jeff Hite, chief economic development officer of the Nashville Area
Former US President Donald Trump arrives back from a break at New York Supreme Court during his civil fraud trial on November 6, 2023 in New York City. Adam Gray | AFP | Getty Images The financial watchdog overseeing the Trump Organization informed a New York judge on Wednesday about $40 million in cash transfers
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Mortgage rates fell last week for the fourth time in five weeks, and homebuyers appear to be responding. Demand from current homeowners to refinance, however, fell sharply. That left total mortgage application volume essentially flat last week, up just
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the
The City of New York is getting behind the tiny-house movement big time. In an effort to create more affordable housing, a few lucky borough homeowners will be granted hundreds of thousands of dollars to construct accessory dwelling units, or ADUs, on their properties. Last Tuesday, the New York City Department of Housing Preservation &
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT A couple assembling furniture. Drazen_ | E+ | Getty Images Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers to the practice of renting out a portion of your home or
This looks like a good fit for FiDi: Health-club chain Fitness International signed one of the year’s biggest retail leases at AmTrust RE’s 58 Maiden Lane — a three-level, 36,650 square-foot home for a new “Club Studio” concept. The club will provide “next-level” amenities and boutique fitness classes together in a single, state-of-the-art facility — including
Visoot Uthairam | Moment | Getty Images There is more pain to come in the office real estate market across the U.S., with maturing debt needing to be refinanced and a wave of expiring leases, but there is also what may seem at first brush to be a counter-intuitive message being sent to top tier
Ever ride the Cyclone in a snowstorm? Could happen. For well over a century, Brooklyn’s Coney Island has been a popular warm weather escape from New York’s concrete jungle. Now, the seaside carnival of fun is set to continue well into the cold months, as the 120-year-old destination announces a new, extended season. “We are
Racing ace Sir Lewis Hamilton — a seven-time Formula 1 winner — is looking for a West Coast home to add to his global real estate portfolio, which runs from Monaco and Geneva to London and the Big Apple. Hamilton owns a skypad at 70 Vestry, where Tom Brady owns a unit; Bill Gates’ daughter Jennifer and
Move over, Malibu Dream House — there’s a new pink paradise in town. Meet Hannah Dahl, the 28-year-old interior designer and self-professed lover of all things pink, who transformed her home into an 80s Barbie-themed wonderland that would make the iconic doll blush. “I put my heart and soul into it,” Dahl told South West
A new section of an important historic burial site beneath Vatican City is open to the public for the first time. The Necropolis of Via Triumphalis offers visitors a look at how the ancient Romans buried their dead. Starting earlier this month, the Vatican’s museums network began offering guided tours, leaving from the Santa Rosa
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year-over-year.
Sales of previously occupied US homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted annual rate of 3.79 million, the National Association of Realtors said Tuesday.
In this article 1918-HK Follow your favorite stocksCREATE FREE ACCOUNT A booth of Sunac China is seen at a housing fair in China, May 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said on Thursday it doesn’t expect to make payments coming due on other
The prominent restaurant space on the West 50th Street side of Rockefeller Group’s 1271 Sixth Ave., which fell vacant when the pandemic crushed Le Pain Quotidien there in 2020, has a new, fine-dining tenant. Costeño Group, which operates dozens of celebrated, high-end and casual restaurants in Mexico and Madrid, Spain, just signed for over 8,000 square feet — half at ground
In an overdue, welcome step, the Real Estate Board of New York’s reports on office building visitation — i.e., physical occupancy by employees — will now be released every month. The REBNY data based on Placer.ai location data was previously issued quarterly. The September numbers for 350 Manhattan buildings show visitation increased to 66% of
He went from having an “Entourage” of A-Listers to a pet posse with a goat, llama and donkey. Adrian Grenier left the bright lights of Hollywood and his hometown Big Apple to live on a 46-acre ranch in Austin, Tex., which will be featured on MTV’s “Cribs” on Nov. 22. The Post got an exclusive peek
Former US president Donald Trump leaves the court room of the State Supreme court on the first day of his civil fraud trial on October 2, 2023 in New York City. Kena Betancur | AFP | Getty Images A New York judge on Friday denied a request by Donald Trump and his co-defendants for a
In a market where real estate prices seem to defy logic, a 731-square-foot property with a staggering $1.2 million price tag is a hot commodity in Denver. While the price tag might raise eyebrows, insiders said the heightened demand in the Mile High City is all about “location, location, location.” This modest three-bedroom, one-bathroom dwelling
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index
The grand finale of an era unfolds as the final vestige of the Rockefeller dynasty’s extensive property empire emerges on the market for a staggering $9 million. Nestled within the opulent landscapes of Greenwich, this estate, encompassing 4.24 acres, embodies the legacy of an iconic family. Representing the last remnant of a legacy that once
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of
Former US President Donald Trump appeared in court on Tuesday for the third week of a civil fraud trial in New York, on October 17, 2023. Fatih Akta | Anadolu Agency | Getty Images Donald Trump and his co-defendants asked a judge Wednesday to grant a mistrial in the $250 million civil business fraud case
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