Real estate agent and reality television star Ryan Serhant. Newspix Real estate has been historically slow to modernize, but AI is changing that. The integration of artificial intelligence is transforming how buyers and sellers interact with agents, fundamentally altering competitive dynamics in the industry. With AI reshaping daily operations of a real estate agent’s business
Mah Na Mah Nope! The Church of Scientology is finalizing its purchase of the historic studio lot that housed the Muppets for over 23 years, according to a report. The Henson family announced over the summer that they were selling the landmark lot — once home to Charlie Chaplin Studios — which will now be
South_agency | E+ | Getty Images Older Americans make up the largest share of homeowners in the U.S. compared to other generations. However, many are renting in their retirement years. Most older adults, those at least 65 years old, own their homes, according to the Joint Center for Housing Studies at Harvard University. Yet, more than
The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government’s monthly employment report. The rate is now 6.53%, according to Mortgage News Daily. That is 42 basis points higher than Sept. 17, the day before the Federal Reserve cut its benchmark rate by half a percentage
As Manalapan, Florida, becomes a magnet for the ultra-wealthy, fueled by billion-dollar deals, another jaw-dropping property has hit the market — this time for $25.95 million. Coming on the heels of tech titan Larry Ellison’s recent acquisition of the Eau Palm Beach Resort & Spa, this oceanfront estate offers more than just luxury living; it
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Insured losses for Hurricane Helene are now estimated at over $6 billion, but the uninsured losses are far higher. That’s because the vast majority of homes impacted by the storm, especially in hard-hit North Carolina, did not have flood insurance. New risk-assessment technology is designed
A piece of Gilded Age history, once home to America’s elite, is about to hit the auction block. Sandy Point Farm, a grand Rhode Island property deeply rooted in the Vanderbilt dynasty, is offering bidders the rare chance to own a slice of equestrian luxury. Sotheby’s Concierge Auctions is hosting the event next month, with
A pedestrians looks at residential properties displayed for sale in the window of an estate agents’ in Windsor, west of London. Justin Tallis | Afp | Getty Images LONDON — Lower mortgage rates are sparking an uptick in the U.K. housing market, following a surge in the pace of home sales last month, data showed.
A remarkably unique seaside compound has hit the market in Big Sur with an asking price of $3.265 million. Secluded atop California’s coastal ridge, the three-bedroom so-called “Barrel House” was hand-built out of two enormous, interconnected redwood wine barrels by legendary local architect Mickey Meunnig in 1980. The property has remained in its original ownership
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images) Zhong Zhi | Getty Images News | Getty Images Shares of most Hong Kong-listed Chinese property
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Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Rupert Murdoch at his annual party at Spencer House, St James’ Place in London. Picture date: Thursday June 22, 2023. Victoria Jones | Pa Images | Getty Images LONDON — Rupert Murdoch’s Australian property firm REA Group said Monday it would no longer seek to buy the U.K.’s Rightmove after the property portal rejected a fourth
Former New York City mayor Rudy Giuliani is racing against time to offload his Upper East Side condo, slashing the price by nearly $1 million in a desperate attempt to find a buyer. The embattled ex-mayor faces the prospect of losing his prized possessions, including his Manhattan home, to settle a defamation lawsuit, The Post
Azmanl | E+ | Getty Images New rules on buying and selling homes are in play, now that a settlement from a class-action lawsuit has taken effect. In March, the National Association of Realtors agreed to a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate
Night scene of Singapore’s Toa Payoh district Chanachai Panichpattanakij | Moment | Getty Images Singapore’s private home prices fell for the first time in five quarters amid depressed sales, preliminary market data showed on Tuesday. The data released by the Urban Redevelopment Authority showed that its private home price index fell 1.1% last quarter as
Mike Spiering holds Francesca Spiering as he stands in the flood water around his home after record rains fell in the area on April 13, 2023 in Hollywood, Florida. Joe Raedle | Getty Images The cost of insuring your most expensive assets has skyrocketed. While overall inflation has slowed, insurance costs are taking a bigger
Owngarden | Moment | Getty Images A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May. Meanwhile, South Dakota officials in August declined the federal funding, which is tied to two new programs created by
In this article 2202-HK 688-HK 960-HK Follow your favorite stocksCREATE FREE ACCOUNT A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China
The Manhattan office market continues to surprise with unexpected new leases and expansions – and now, a most unlikely relocation that nobody saw coming. Bridgewater Associates, the world’s largest hedge fund manager, has inked a deal to open its first Manhattan office. The Westport-based firm closed on a hush-hush, 60,000 square-foot lease at 295 Fifth
Billionaire Dan Snyder’s former Washington DC-area mansion just got a massive price trim — but it’s all for a good cause. The sprawling French Chateau-style estate in Potomac, Maryland, has had $5 million lopped off its last asking price, now down to $29.9 million. It was initially listed for a whopping $49 million. Snyder, the
Continuing the post-pandemic trend, yet more Manhattan office buildings have been marked for conversion into residential units. The newest address to join the pool is 77 Water St., a 26-story Financial District tower that Big Apple-based real estate firm Vanbarton reportedly plans to turn into some 600 rental apartments, people familiar with the matter told
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over
Anyone who’s tried to rent an apartment in New York City knows that it’s highly competitive and highly priced, and the latest data suggests this market is showing no signs of letting up. In August 2024, the median asking rent for apartments in four New York City boroughs — Manhattan, Queens, the Bronx, and Brooklyn — was $3,425, a
Fstop123 | E+ | Getty Images While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates. Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. That’s down
Michelle Williams is giving fans a chance to live in Hollywood-style luxury — if they’ve got $35,000 a month to spare. “The Brokeback Mountain” star has put her massive 6,500-square-foot mansion in Brooklyn’s Prospect Park South up for rent — offering eight bedrooms, six full bathrooms and plenty of A-list perks, according to Realtor.com. The
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with
Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation
A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. Raul Ariano | Bloomberg | Getty Images Chinese property stocks rallied on Tuesday after top financial regulators vowed a range of monetary easing measures to provide some relief for millions of families and boost a recovery in the real estate
The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week
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