Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last
Media entrepreneur and television personality Dan Abrams and his longtime partner, publicist Florinka Pesenti, have plunked down a cool $10.62 million for a dazzling new home in Manhattan, Gimme Shelter has learned. It’s located at The Whitman, a tony boutique condo at 21 E. 26th St. The building itself is a Neo-Georgian mansion built in
Peter Cade | Stone | Getty Images Buyers of newly built homes can come across a number of sticker shocks. In February, the median sale price for new construction sold in the U.S. was $400,500, according to the U.S. Census Bureau and the Department of Housing and Urban Development. More from Personal Finance: Should you
Katherine Maher, the new CEO of National Public Radio, recently purchased a sprawling three-bedroom, three-bathroom Brooklyn brownstone for $2.7 million, The Post has learned. Maher, 40 and who started at NPR in January, closed on the property last October, according to city property records — a month after the former CEO of NPR, John Lansing,
In this article .BKX US10Y Follow your favorite stocksCREATE FREE ACCOUNT Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I
Even among Harlem’s most stately properties, this yellow brick and limestone townhouse stands out as one of an inimitable group of homes that compose a lesser-known Manhattan sub-neighborhood. Currently on the market for $3.375 million, the five-story townhouse at 215 W. 138th St. belongs to a historic stretch of properties on two gated-off streets officially
Media mogul Barry Diller has officially closed on the purchase of a prime waterfront property on North Bay Road in Miami Beach for an eye-watering $45 million, sources close to the deal informed The Post, marking a historic price tag for the exclusive locale. He entered into contract for the plot of land back in
Developers are salivating over this pricy pocket-size palace. A bite-size 384-square-foot home on the edge of California’s Silicon Valley hit the market for a whopping $1.7 million, according to ABC 7. Located at the end of a quiet, residential cul-de-sac in Cupertino, the home is overlooked by neighboring homes worth $5 million. The one-bedroom, one-bathroom
A scorched residence in Nassau County’s East Rockaway has listed for $399,900 — with the asking price also coming with some very honest advertising. The house, located at 9 Elbert Pl., barely survived a deliberate fire set by its former tenant Kevin Meyer in 2020. But what some may see as a jaw-droppingly damaged residence,
Owning and living in a townhouse has long been a peak status symbol in New York City, an achievement that places one amongst Rockefellers, Carnegies, Fricks, Vanderbilts and the like. But, amid growing concerns about crime — a recent poll from Citizens Budget Commission found that just 37% of New Yorkers rated public safety in
Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on April 11 in one of the country’s biggest fraud cases over the embezzlement of
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
This aerial picture shows homes near the Chesapeake Bay in Centreville, Maryland, on March 4, 2024. Jim Watson | Afp | Getty Images Overall mortgage demand has now moved sideways for three straight weeks, but last week saw a split between those looking to buy a home and those hoping to save money with a
Miami nightlife guru David Grutman, of Groot Hospitality, and his spouse, fashion/jewelry designer Isabela Rangel Grutman, have listed their Zaha Hadid-designed condo for $7.2 million. The four-bedroom, five-bath condo is at One Thousand Museum Miami, once dubbed the “Scorpion Tower” — a 62-story, 707-foot-tall building that comes with its own helipad. The Grutmans have hosted
Westend61 | Westend61 | Getty Images It’s unclear when the Federal Reserve could begin cutting interest rates, but many homeowners who took out a mortgage in recent years — as rates hovered between 6% and 7%, and even touched 8% — are paying attention for opportunities to refinance. Thanks to those high mortgage interest rates,
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of recent homebuyers had regrets about their
Past rows of steel- and carbon-frame bikes, behind a floor-to-ceiling curtain, to the left of the mechanic’s room, this Prospect Lefferts Gardens institution is freshly reopened. The second incarnation of Jermaine, Paul and Johann Burrowes’ restaurant, MangoSeed, started serving up Caribbean fare this February following intense community pressure, the brothers say. The brothers and professional
New Yorkers can breathe a sigh of relief after a surprising 4.8 magnitude earthquake jolted the city on Friday morning. While the tremors from New Jersey may have rattled a few nerves, experts assure that the Big Apple’s skyline remains standing strong. Jesse Richins, lead seismic engineer at the New York City engineering firm MRCE,
The walls of 1443 Devlin Drive in Los Angeles have echoed with the melodies of Christina Aguilera, witnessed the glamour of Liza Minnelli’s days, and hosted the illustrious career of Jack Haley Jr., along with journalist Steven Herman. Now, this iconic Hollywood abode, steeped in history, is up for grabs. Priced at a cool $8.4
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
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