In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT Skynesher | E+ | Getty Images Homeownership is out of reach for many Americans — especially for Black Americans. In the country’s largest metropolitan areas, Black people own a disproportionately small share of homes relative to population size, according to a new report from LendingTree.
While the coronavirus pandemic prompted other generations to flee New York City and stay away, one age group has returned in droves. Just a few short years after COVID temporarily emptied the five boroughs of many residents, Gen Zers have swept in with force, making the city’s housing vacancy rate plummet to a record low.
Wall Street took a nosedive Tuesday following the before-the-bell release of hotter-than-expected January consumer inflation data. In response, bonds sold off, pushing the 10-year Treasury yield above 4.30% and equity prices sharply lower. The Dow , the S & P 500 and the Nasdaq were all down more than 1.5%, as the odds of a
A visitor takes pictures in front of a wooden dragon themed sculpture displayed to celebrate the upcoming Lunar New Year inside the flower dome at Gardens by the Bay in Singapore on February 1, 2024. Roslan Rahman | Afp | Getty Images Millions of Chinese around the world are celebrating the Lunar New Year, ringing
Row of townhouses in Alexandria, Virginia Grace Cary | Moment | Getty Images A new, more affordable repayment plan for federal student loan borrowers may come with another advantage: It could make it easier to become a homeowner. The Saving on a Valuable Education, or SAVE plan, can cut borrowers’ monthly payments in half, and
Put ‘em up, pardner! That is, put up the $4.2 million asking price for this nature-inspired desert home in California’s Pioneertown — and live in a real-life community built in a former Western movie set, one that was developed in 1946 by singing cowboy actors Roy Rogers and Gene Autry. This newly built home at
Jodi Jacobson | E+ | Getty Images More than 18 million rental units are located in areas exposed to extreme weather hazards, according to the American Rental Housing Report from Harvard University’s Joint Center for Housing Studies. That exposure isn’t spread evenly. While most states have at least one “high-risk” county with 2,000 or more
DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows over its ongoing property crisis, a top banking CEO said while onstage at Dubai’s World Governments Summit. “China’s biggest problem to me is a lack of confidence. External investors lack confidence in China and domestic
This sprawling luxury condo high above Miami Beach will soon hit the market — and prospective buyers will need some deep pockets to call it their own. This 17th-floor spread in the Apogee South Beach tower is seeking a cool $48 million, a price that puts it in the upper echelon of the city’s real
Nothing speeds up romance quite like a desperate housing market and the prospect of saving on rent. As Valentine’s Day approaches, a new report from Realtor.com presents tempting logic for moving in with a significant other — and, should love really be in the air this season, it’s a move that can solidify a future
The fire is out at this beloved Manhattan smoke shop. The Greenwich Village’s historic Village Cigars — a neighborhood institution, recognizable for its red signage and triangular building sandwiched between the Christopher Street 1 station entrances — has, after over a century in business, closed. And in a very New York situation, it appears to
It would be difficult to feel bored at this dramatic 53-acre estate just outside Vail, Colorado — one that’s about to hit the auction block. It was last part of a 457-acre parcel that was sold for $40 million — after it had asked $78 million in 2019. The sprawling estate will be auctioned live
A former bigwig at a once-prominent Big Apple development firm and a slew of other real estate industry executives were indicted Wednesday for allegedly stealing more than $86 million in a years-long fraud scheme, Manhattan prosecutors said. Nir Meir, 49, and the since-shuttered HFZ Capital Group he once worked for allegedly swindled millions of dollars
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to
D3sign | Stone | Getty Images Extreme weather and climate hazards are becoming more frequent, posing a unique threat not only for homeowners, but for renters. Over 18 million rental units across the U.S. are exposed to climate and weather-related hazards, according to the latest American Rental Housing Report from Harvard University’s Joint Center for
Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due
A massive New York City industrial building on the far West Side where mighty machines were once unloaded from freight trains will be transformed into the capital of fashion – at least for a week. The Starrett-Lehigh Building, a 1931-vintage leviathan-size monument to the city’s manufacturing and shipping age, will be the new headquarters for
In this article WE Follow your favorite stocksCREATE FREE ACCOUNT Adam Neumann, Founder and former CEO of WeWork. Eduardo Munoz | Reuters Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday. Neumann, his startup Flow and Dan Loeb’s
Just a day after the world witnessed King Charles III’s resilient recovery from surgery, a shocking announcement shook the royal circles — the monarch had been diagnosed with cancer. The picturesque Sandringham estate, a backdrop of royal traditions and cherished moments, became the unexpected stage for this diagnosis. Only recently, King Charles III, exuding high
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of
Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with limited affordable options. This trend may even affect the property value of American homes, experts say. The nation’s largest homeowner’s insurance company, State Farm, stopped accepting new applications for policies on property in California in May. Allstate announced in November
The Upper West Side luxury rental apartment tower known as Aire was quietly sold to the well-established Gotham Organization and Carlyle Group, Realty Check has learned – affirming new energy in the investment-sale market for multifamily properties. The 43-story, 310-unit building at 200 W. 67th St. behind Lincoln Center fetched a healthy $265 million in a
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Sometimes, even the fanciest Manhattan apartments get no respect. Just peek inside 1 E. 62nd St., an excellent Upper East Side building steps from Central Park. The palatial penthouse — done up in a boldly Baroque polish as unblushing as Marie Antoinette — was the home of Joan Rivers. The late comedienne maintained until her
In this article MAA AVB CPT JBGS EQR Follow your favorite stocksCREATE FREE ACCOUNT A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy of the equation. So they can charge whatever the
Notorious gangster Al Capone’s former Florida address is up for sale. The Palm Island plot was long home to the Chicago crime boss, but despite much protest, the mansion — specifically, the mansion where Capone died — was demolished last summer, Mansion Global first reported. Now the 30,000-square-foot lot sits empty among the guard-gated area’s
Sneksy | E+ | Getty Images Rent prices are coming down in some areas, but not at the pace needed to relieve tenants struggling to pay rent. Half of renters in the U.S. spent more than 30% of their income in 2022 on rent and utilities, according to the new America’s Rental Housing report by
Pictured here is a real estate project under construction in Huai’an, China, on Jan. 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according
If these walls could talk, they’d keep it bottled up. A one-of-a-kind Arizona property built from glass bottles — doubling as a work of art — has hit the market for $432,500. The Tucson home dates back to the 1960s, when a couple named Theodore and Meletis Bryson, inspired by the ruins of ancient human
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