Sdi Productions | E+ | Getty Images Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment. Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away. Rising home prices, stagnant wages, and restrictive mortgage terms have made it increasingly difficult to take that crucial
Democratic U.S. presidential candidate, Vice President Kamala Harris, speaks at an Aug. 10 campaign rally in Las Vegas. Justin Sullivan | Getty Images News | Getty Images Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below
In Bartlesville, Oklahoma, the only Frank Lloyd Wright-designed skyscraper ever successfully constructed has become mired in chaos — and is soon set to hit the market. Built in 1956, the iconic Price Tower has been struggling for some years now, but local outlets are now reporting that its owner, Cynthia Blanchard, is preparing to list
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Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders described as a 32-year leasehold condominium purchase restores the mixed-use property across from Macy’s to 100% fully occupied. Sources said YU will have 160,000 square feet on Herald Center’s floors 5-9 as well as parts
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
The Massachusetts mansion, where an entrepreneur father murdered his wife and teenage daughter before turning the gun on himself, hit the market this week and was billed as the “perfect home for entertaining.” Rakesh Kamal, 57, fatally shot his 54-year-old wife, Teena, and 18-year-old Arianna during the horrific murder-suicide inside the sprawling Dover home on
Changes from a landmark settlement affecting broker commissions from America’s largest real estate trade association take effect this weekend, potentially creating a more complex and uncertain buying process for consumers, according to industry experts. The changes made under the National Association of Realtors’ (NAR) $418 million settlement, announced in March, “adds more uncertainty and unknowns to an
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The cold never bothered them anyway. Homebuyers are grabbing their winter gear and flocking to far-flung Maine — where they’ve managed to drive up the median home price a bone-chilling 78.5% in just five short years, a new report reveals. According to freshly published findings from industry news site Pro Tool Reviews, The Pine Tree State
Award-winning film producer Lisa Muskat, of “Beckett,” “Bones and All” and “Joe,” is listing her Catskills home for $1.97 million. Built on a mountain, the charming three-bedroom, three-bathroom home sits on 33.12 acres. It was built in 1920 in Arts and Crafts style. Muskat bought the home, at 5280 Cauterskill Road in Catskill, NY, for
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada. Andri Tambunan | AFP | Getty Images It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50
d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday.
A Hamilton Heights townhouse once rented by Emmy award-winning TV personality Sherri Shepherd, of the nationally syndicated daytime talk show “Sherri,” has hit the market for $3.2 million. Shepherd is an actress best known for playing Angie Jordan in “30 Rock” and Evette Chase in “The Sex Lives of College Girls.” She is also a
Iuliia Isaieva | Moment | Getty Images Homeowners are sitting on$17 trillion in equity as of the end of the first quarter of 2024, according to CoreLogic. The average homeowner gained $28,000 in equity compared to a year earlier. For many people, there’s no need to touch that money. Home equity is “not like bread,”
For Gen Zers and millennials, sex sells out for homeownership. Gen Z is happy to give up sex if it means meeting this one huge life goal. Overall, more than a quarter of Brits would forgo sex for a whole year if it meant they’d finally have enough money to put down a deposit on
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The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates. And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June. Citing higher costs and difficulty making ends meet, most respondents said they think
An office building once owned by John Jay Astor has sold for the first time in 82 years. Jay Properties bought 8 W. 38th St. from the Felder family for $35 million, or $250 per square foot. MIdtown office building once owned by John Jay Astor was recently sold for $35 million. Handout The buyer
Brandi Schmitt and her family pose for a 2018 Christmas card in front of their Maryland home wearing protective gear, alluding to the water and mold damage in their home. Each year, Schmitt said they try to capture the family’s situation through their Christmas card. Courtesy: Brandi Schmitt When a nor’easter struck in 2018, intense
The cities of the future may take the charge in progress for a very unexpected reason — with skylines doubling as massive energy storage units. And the idea? Not solar panels and wind turbines — think giant battery blocks lifted to the heavens and dropped back down to keep the lights on. Skidmore, Owings &
Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Getty Images With the major party tickets finalized, many voters are watching the candidates for personal finance policy that could impact their wallets. Vice President Kamala Harris this week unveiled her running mate, Minnesota Gov. Tim
When you’re a billionaire, it’s not just about living large — it’s about surviving the apocalypse in style. Gone are the days when a panic room in the basement was enough to calm the nerves of the world’s elite. Now, the ultra-wealthy are turning their palatial homes into state-of-the-art fortresses, complete with all the bells
Jillian Lovato loved living in Orange County, CA, but she hated the area’s high home prices. “My wife Jamie and I knew we wouldn’t be able to buy the home we wanted in California,” Jillian explains. “We felt like we would have been stuck renting our whole lives.” So in 2021, they decided to move to
This historic Hudson Valley estate known as Overlook is where the legendary musician Billy Joel found inspiration to compose songs including “New York State of Mind,” released in 1976 — which he started to write on a Greyhound bus on his way back home to 26 Kings Road in Highland Falls, NY. This is also
New York City’s most expensive neighborhood just got even pricier. That’s according to a new study from real-estate data portal PropertyShark, which has crowned Hudson Yards on Manhattan’s far west side for the top spot with a median home sale price of $7.5 million. For nearly five years, this district — known for its shops,
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