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
Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010. Emmanuel Dunand | AFP | Getty Images Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s
A ‘For Sale’ sign is posted on the lawn in front of a home on March 15, 2024, in Miami, Florida. Joe Raedle | Getty Images The usually busy spring housing market is underway, but mortgage demand isn’t moving. Application volume was essentially flat last week, dropping 0.7% compared with the previous week, according to
An affordable shelter in the land of pastel polos and big bleach-blonde blow outs? Go fish. But for home hunters dead set on targeting pecunious Palm Beach, there is some relief in sight. “We’ve had this frenzy of prices more than doubling over the last four years,” said Jonathan Miller, CEO of appraisal firm Miller
An example of Pacaso’s new lower-priced vacation home listings. CNBC Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market. The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now introducing thousands more
Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of
Face it, leasing activity is less than overwhelming these days. So the heavy-hitters at CBRE took advantage of the lull to give the 8.2 million New Yorkers what everyone was clamoring for: Yes! More of CBRE’s “Real Estate Capital of the World” banners. And with a fresh new look! Some 150 green and white banners now hang along and
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Andrew Caballero-Reynolds | AFP | Getty Images The rate at which home prices grow is slowing down. U.S. home prices increased 0.6% from a month before in February, in line with the 0.6% average monthly gain in the roughly eight years leading up to
Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China News Service | China News Service | Getty Images China has two choices right now: return to its old economic policies, or choose reforms to spur
Former U.S. President Donald Trump speaks to the media after voting at a polling station setup in the Morton and Barbara Mandel Recreation Center on March 19, 2024, in Palm Beach, Florida. Joe Raedle | Getty Images Donald Trump faces the severe risk that New York‘s attorney general will begin trying to collect a $454
The fun-factor train keeps on chugging along at the city’s premier office buildings as landlords struggle to arrest an alarming increase in vacancies, which now top 20% overall. The Post reported last week that landlords have introduced unprecedented numbers and varieties of amenities that are exclusively for tenants’ use — a strong inducement both for luring
New York City is drowning in unpaid water bills — and Manhattan’s boutique Hotel Hayden leads the pack. Since the pandemic, the number of accounts that have failed to pay their water bills has increased significantly, and now the city is clamping down. In a news conference this week, the city’s Department of Environmental Protection,
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