There’s a new future in store for Michael Jordan’s longtime Chicago-area mansion. After sitting on the market for more than a decade, the basketball icon’s sprawling Highland Park property is becoming a luxury timeshare in the wake of selling for a fraction of its original price, according to a news release. Real estate investor John
House hunters with $1 million to spend can expect to afford vastly different properties depending on where they look—and the Midwest offers by far the biggest bang for their buck. Here is a look at what a low-seven-figure budget would get you in the Midwest, the Northeast, the South, and the West. The breakdown factors
The owners of a run-down and long-vacant hotel dubbed the “black hole of Times Square” are allegedly hundreds of millions of dollars behind on loans linked to the property — and their lenders are seeing red. Joseph and Meyer Chetrit were reportedly sued by Mack Real Estate Credit Strategies for failing to pay $223 million
Harrison Ford is among the residents of Los Angeles concerned for their home as the Palisades Fire continues to rage. The “Shrinking” actor, 82, was spotted talking with police officers on Tuesday near his $12.6 million home in Brentwood, an upmarket neighborhood of Los Angeles currently threatened by the Palisades blaze. Police were stationed at
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even
A sprawling Hudson Valley estate once touted as a modern engineering marvel has seen its price slashed to a quarter of its original ask. Ledgerock, a 15,000-square-foot mansion perched on the banks of the Hudson River, is back on the market for $11.25 million after failing to sell for three years, according to the Wall
Housing surveyors have reported the largest fall in new buyer inquiries in October since the financial crisis, excluding the period during the Covid-19 lockdowns. Isabel Infantes | Afp | Getty Images LONDON — U.K. house prices fell for the first time in nine months in December, as the country’s Budget and higher mortgage rates dampened
Call it “View” York City. A penthouse duplex perched atop a newly completed tower on the Brooklyn waterfront — not only making it the tallest waterfront residence in the borough, but also one with an impressive corridor of sights from its massive windows — is poised to list on Tuesday for $7 million, The Post
Move over, C-Note — the Manhattan high-end office market’s new exclusive club has a $200 per-square-foot admission charge. A record 28 new leases were done at rents above $200 per square foot in 2024, The Post has learned.The deals represented the top tier of the top tier. Meanwhile, there was also a record, 212 deals
Former actress Meghan Markle is inviting Netflix viewers “at home” with her upcoming cooking and lifestyle series “With Love, Meghan,” but there’s a catch. The home isn’t hers. Instead of showcasing her $14.65 million Montecito mansion, Markle, 43, filmed the series at an $8 million farmhouse just 2 miles away, owned by local philanthropists Tom
A sprawling estate perched along California’s Pacific Coast Highway has finally sold for $17.22 million after languishing on the market for nearly 15 years, according to Mansion Global. The sale was initially announced in a press release from its listing brokerage. Located outside the picturesque town of Cambria in San Luis Obispo County, the 78.5-acre
Residential 19th century style residential buildings in historic center of Paris, France. Kolderal | Moment | Getty Images Europe’s real estate sector is poised for further recovery in 2025, as investment activity picks up and growth returns across key market segments, analysts have predicted. A gradual uptick in transactions in 2024 looks set to gain
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon /
It’s safe to say no one wants to feel unsafe where they live. But with nearly 14,000 Americans having died from gun violence this year and the country having experienced $20 billion in climate disasters, 400 mass shootings, and nearly 25,000 motor vehicle deaths, it stands to reason that some cities are more unsafe than
Home Depot navigated a challenging 2024 marked by elevated interest rates and a cautious consumer. But as the year progressed, signs of recovery emerged, setting the stage for a rebound in 2025, fueled by increased housing turnover and pent-up demand in the home improvement market. Year-to-date performance: up 12% Forward price-to-earnings multiple: 25 versus a
A home available for sale is shown in Austin, Texas, on May 22, 2024. Brandon Bell | Getty Images There’s good news in the housing market to close out 2024: There’s a lot more supply. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual. Active listings in
I’ll buy there for you. The mid-century Los Angeles home that “Friends” star Matthew Perry purchased several months before his death is now in contract to sell to its next owner. However, the final sale price and identity of the buyer are not yet known. Mansion Global reports that Perry, who passed away in October
The Golden City is losing its shine. Housing prices in San Francisco have plunged to pre-pandemic levels amid widespread layoffs in the tech sector, SFGATE reports. Despite still being one of the more expensive metropolitan areas in the US, prices for condominiums and co-ops in the city were down 14.7% from May 2022 and now
Hey, Jeff, can you spare a cup of sugar? One of the most expensive pieces of real estate now on the market in the United States is a land parcel on exclusive Indian Creek Island off the coast of Miami — and a deep-pocketed prospective owner can call Jeff Bezos their neighbor. Thing is, that
Procuring a property in one of America’s many ski towns in a bid to live out your alpine dream comes—more often than not—with a hefty price tag. Big-name resorts like Vail, CO, Park City, UT, or Big Sky, MT, boast an array of beautiful and incredibly expensive homes, with prices in these areas typically ascending into the millions, if not
Call it a “Whopper” of a deal. Two Burger King franchisees have chosen to auction off their Florida mansion on Hutchinson Island that was last listed for $7.4 million, Mansion Global reports. The online sale — to be handled by Interluxe Auctions — will officially begin on Jan. 13 with a $2 million starting bid.
Break out the Cristal! Retired two-time world boxing champion Floyd Mayweather Jr. has finally found a Manhattan residence — and for a glittering $100,000 a month, to boot. The boxer-turned-real estate investor, who boasts 30 million followers on social media, is renting a sprawling, high-floor duplex inside the Baccarat Hotel and Residences at 20 W.
The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates to fall. But that may not happen for some time. “I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan
As a life/business coach, Tony Robbins helps people reach new heights. He apparently wants to live that way, too. Robbins is in contract to buy a splashy, glass-cubed penthouse at the Waldorf Astoria Hotel & Residences Miami, billed as the tallest residential building south of Manhattan. At 1,049 feet high, the Waldorf will be Miami’s
Homebuyers touring a house with a real estate agent. sturti | Getty The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie
It’s a knockout! A landmarked, $49.5 million Gilded Age mansion in the heart of Manhattan has caught the eye of famed boxing champ Floyd Mayweather Jr. After recently touring the city’s most expensive rental, as Gimme Shelter exclusively reported — a $150,000-a-month Soho penthouse owned by former Uber CEO Travis Kalanick — Mayweather has moved his
Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales
We’re buying 50 shares of CrowdStrike at roughly $354 each and 25 shares of Home Depot at roughly $390. Following Thursday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of CRWD, increasing its portfolio weighting to 2% from 1.5%. The Trust will also own 225 shares of HD, increasing its weighting to 2.5% from
Eyecrave Productions | E+ | Getty Images Buying a house is not easy or cheap, especially in today’s market. But while it’s too soon to tell whether the housing market is going to favor buyers or sellers next year, some areas will offer more favorable market conditions than others, according to a new report by
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