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
Discover the unconventional strategy of investing in “hood” properties. Join us as we explore the profitability, risks, and unexpected benefits of buying real estate in less affluent areas. Let’s debunk common myths and uncover the untapped potential of these affordable investments. #HoodProperties #RealEstateInvesting #AffordableInvestments #Profitability #PropertyInvestment #UnconventionalStrategy #RealEstateTips #InvestmentOpportunities #IncomeGeneration #AffordableHousing
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,
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume rose 6.9% last
The secret to a long, healthy life is just 65 miles southwest of Manhattan. Rural Hunterdon County in western New Jersey has been named the fourth-best community in the nation for health outcomes, a metric that takes into account the number of adults in poor health and life expectancy. The rolling countryside that served as the
While some older buildings atrophy, others thrive. Two new deals totaling 104,000 square feet have brought George Comfort & Sons’ 960,000 square-foot 498 Seventh Ave. to 95% occupied. Public technology firm PubMatic, Inc., signed a 60,000 square-foot direct lease. The company, which was a subtenant will roughly double its space in the first quarter of 2025.
Not many years ago — before the miserable mayoral reign of Bill de Blasio and the troubled one of Eric Adams — the Big Apple truly was “The City of Yes.” The wildly optimistic slogan Adams recently chose for his worthy but slow-moving struggle to generate new housing development belies how puny his vision is — compared with
Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” meaning
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed
Kanye West has finally found a buyer for his gutted Malibu mansion, but not without leaving a trail of controversy and lawsuits in his wake. The property, which the rapper bought for a whopping $57 million in 2021, is now in escrow, according to TMZ. The mansion, known for its stunning Pacific Ocean views, was
A row of traditional houses on a street in London’s Muswell Hill suburb, located to the north of London, with views of the Canary Wharf on the horizon. Georgeclerk | Istock | Getty Images LONDON — Britain’s major high street lenders have begun slashing their mortgage rates in a sign that financial pressure on households
The housing market has been decidedly stuck of late. Sellers with low mortgage rates are holding on to their homes, leaving buyers with scant listings to choose from. And buyers who do find a house face substantial economic challenges as median home prices and mortgage rates remain high. With sellers and buyers at an impasse, misconceptions and outright
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