The Federal Reserve announced Wednesday it will leave interest rates unchanged, delaying the possibility of rate cuts as well as any relief from sky-high borrowing costs. Overall, expectations that the Fed is pulling off a soft landing have increased, but that offers little consolation for Americans with high-interest debt. And now there may be fewer interest rate
A landmark class-action lawsuit may change the way Americans buy and sell homes. The National Association of Realtors agreed to a $418 million settlement last week in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of
Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
An Upper East Side home formerly owned by award-winning “Mad Men” actor Bryan Batt has listed for $599,000. The current seller, jewelry company exec Jennifer Senenko, bought the one-bedroom unit from Batt himself in 2010 — five years before the end of the still-popular AMC series — for $450,000. The residence, at 308 E. 79th
Townhomes are under construction on July 19, 2023 in Mundelein, Illinois. Scott Olson | Getty Images Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract
Republican presidential candidate and former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on Feb. 20, 2024. Justin Sullivan | Getty Images Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home prices increased at the same rate as inflation since 1963, the median price of a
“There’s no place like home,” said Judy Garland in her most famous role as Dorothy in “The Wizard of Oz.” And, just perhaps, she was actually referring to the home in Los Angeles’ exclusive Bel-Air neighborhood she had just had built in 1938 — a year before the film’s release. Now, 86 years after its
Democratic presidential hopeful and former Vice President Joe Biden in Las Vegas, Nevada on February 22, 2020. RONDA CHURCHILL President Joe Biden will visit the battleground state of Nevada Tuesday to take aim at corporate landlords, who the White House claims are keeping rents artificially high even as overall inflation has eased. Biden’s attack on
Former U.S. President Donald Trump holds up a news story about New York Attorney General Letitia James as he speaks to the media at one of his properties at 40 Wall Street following closing arguments at his civil fraud trial on January 11, 2024 in New York City. Spencer Platt | Getty Images Donald Trump
Chris Wattie | Reuters Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease
Realtors in the Big Apple’s cut-throat housing market are citing the controversy over congestion pricing in their pitch to sell and rent apartments in Manhattan outside zones where the toll will be imposed. Glenn Barnett of Nest Seekers sends out listings with the heading “Avoid Congestion Pricing.” “I do get a better response. People are
An employee checks the external casing with a spirit level in a modular house at the Tophat factory in Foston near Derby, UK, on Tuesday, Sept. 12, 2023. Bloomberg | Bloomberg | Getty Images The idea of using pre-assembled components in housebuilding is far from new. Modern tech-enabled versions of modular housing promise a faster,
Facebook CEO Mark Zuckerberg may have made a hushed exit in the upscale neighborhood of Woodside, California. Reports from the Real Deal suggest that an entity linked to Zuckerberg has swiftly offloaded a “European-inspired estate,” raising eyebrows regarding the tech titan’s clandestine property movements. This would mark the second California property that the social-media mogul
Rudy Giuliani, the former personal lawyer for former U.S. President Donald Trump, arrives at the E. Barrett Prettyman U.S. District Courthouse in Washington, D.C., on Dec. 15, 2023. Anna Moneymaker | Getty Images Creditors want to force Rudy Giuliani to sell his $3.5 million Florida condo to help pay his significant debts, according to a
A house on the beach in Nantucket, Massachusetts, was purchased for a stunningly low price in a recent real estate transaction, the Nantucket Current reported. The sale price for the beachfront property, located in the Madaket area, was $600,000, according to the outlet. The transaction went through February. The Nantucket Current, citing the house’s listing broker, Susan
A slice of Times Square’s vast underbelly is quickly becoming one of Midtown’s coolest destinations. Steps from a recently abandoned Duane Reade and a massive, shuttered Sbarro’s at the neighborhood’s northern end, the concourse level of the 50th Street downtown 1 train station is home to a growing cluster of businesses giving Bushwick vibes in
Portra | E+ | Getty Images Spring is almost here — and people looking for a new rental face a competitive market. Asking rent prices in the U.S. jumped to $1,959 in February, according to Zillow Group’s latest Rental Market Report. That’s up just 0.4% from the month prior, but a 3.5% increase from a
Why have one home when you can have two? The Maple Villas, two newly constructed Hamptons homes, have hit the market, The Post has learned. Located in Montauk, these modern residences offer vistas of the Atlantic Ocean, representing a rare compound opportunity priced at a staggering $38 million. If they sell for that sum, they’d
A For Sale sign is posted in front of a home for sale in San Marino, California on September 6, 2023. Frederic J. Brown | AFP | Getty Images Mortgage rates swung slightly lower last week, fueling a significant jump in mortgage demand for the second straight week. Total application volume rose 7.1%, compared with
There’s nothing interesting about interest rates these days — and a recent TikTok video specifically lays out why that is. A couple named Sarah and Teddy purchased a home in Brooklyn back in 2021. Their timing was right, the clip continues, because they’re now grappling with the sobering realization that their once-affordable abode would cost
A new study shows that coastal communities may be more at risk from sea-level rise than previously thought. That could have profound impacts on real estate, infrastructure and the U.S. economy. The sea level is rising as the earth heats and glaciers melt. At the same time, land is sinking—another detrimental result of climate change.
Former U.S. President Donald Trump speaks as he arrives at a Manhattan courthouse, for the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023. Brendan Mcdermid | Reuters Former President Donald Trump has
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Skynesher | E+ | Getty Images Factors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts. Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their monthly income and
Anmer Hall, a 19th-century country house in the quaint village of Anmer, England, has long held its place as a cherished retreat within the British Royal Family. However, recent events have thrust this property into the global spotlight, with concerns swirling around the health and whereabouts of Kate Middleton. She shares this residence with Prince
Sixth Avenue has reclaimed its title as Midtown’s No. 1 office-leasing corridor, as measured by the least percentage of vacant space — the latest lead change in the never-ending bragging-rights battle with Park Avenue. Colliers reports that Sixth Avenue’s fourth-quarter occupancy at 11.5% of space available was the lowest of any Midtown corridor and slightly bested
When Hamptons real estate agent Peggy Zabakolas pulled up to her $20 million Watermill listing — Eagle’s Point, a hidden gem situated at the highest elevation in the area — last summer, she caught another broker red-handed. Fellow Nest Seekers agent JB Andreassi, 33, was trying to steal the listing for the seven-acres compound by
He’s hoping to make another splash in the market. A liquor industry bigshot who helped create Grey Goose vodka in the late 1990s — bringing Jägermeister to America before that — is re-listing his lavish Greenwich, Conn. estate for $28.5M, nearly two years after putting it up for sale for $33.5 million. John Frank, 70,
Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” sellers. However, experts have mixed opinions on the proposals. “I know the cost of housing is so important to you,” Biden said during his State
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