Last week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon. “The time has come for policy to adjust,” the central bank leader said in his keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. For Americans struggling to keep up with sky-high interest charges, a likely
Uptown Madison Avenue, the city’s premier luxury shopping corridor, faces momentous change on the gilded blocks where East Midtown meets the Upper East Side. Two large office retail buildings are being demolished for new, mixed-use projects about which little is known. Meanwhile, wealthy fashionistas and even wealthier real estate investors wonder what’s to become of
Twenty-eight years too early is how developer Stephen Ross describes his firm’s arrival in West Palm Beach, the Florida city he’s now helping transform with a trio of new office towers, ultra-luxury condos, and soon, a university. West Palm Beach Mayor Keith A. James and leading real estate developer Stephen M. Ross at the April groundbreaking
The remote town of Deary, Idaho, where the population barely reaches past 550, has become a buzzy spot to visit, thanks to a converted historic train car that’s quite a sought-after stay for travelers. It’s a 120-year-old combination railcar that a man named Isaac French and his family restored, turning a decaying relic into a
In this article DHI LEN PHM Follow your favorite stocksCREATE FREE ACCOUNT Shareholder returns for top homebuilders D.R. Horton and Lennar outpaced the wider S&P 500 between August 2014 and August 2024. Analysts downgraded the investment outlook of both companies this summer. However, some investors remain optimistic about the industry’s prospects for performance. Stock Chart
Even for Hollywood royalty like Jennifer Lopez and Ben Affleck, the taxman cometh — and he’s not playing around. While their glitzy split is making headlines, what’s flying under the radar is the jaw-dropping tax bill that comes with their soon-to-be former Beverly Hills mansion. The sprawling 38,000-square-foot estate, now listed on Zillow for a
www.FreedomMentor.com founder Phil Pustejovsky shares Real Estate Investing 101
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That
Rapper-songwriter, chef and TV presenter Action Bronson — who lost 130 pounds after vowing to get healthy during the pandemic — toured an 11th-floor unit at the Huron on the Greenpoint waterfront in Brooklyn recently. The family-sized, 1,626-square-foot corner condo is on the market for $3.25 million. Common charges are an additional $2,334 a month.
A house under construction is seen between completed houses in a new development in Brambleton, Virginia on August 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell for the third week in a row last week, but the rush to refinance took a breather. Applications to refinance a home loan dropped 15%
Welcome to the new reality of sorority life in the South, where living in luxury isn’t just a perk — it’s a necessity. At the University of Alabama, the Delta Zeta sorority house isn’t just a place to crash between classes. It’s a $17 million, 40,000-square-foot palace complete with a grand staircase, a crystal chandelier
Sdi Productions | E+ | Getty Images Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment. Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away. Rising home prices, stagnant wages, and restrictive mortgage terms have made it increasingly difficult to take that crucial
Democratic U.S. presidential candidate, Vice President Kamala Harris, speaks at an Aug. 10 campaign rally in Las Vegas. Justin Sullivan | Getty Images News | Getty Images Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below
In Bartlesville, Oklahoma, the only Frank Lloyd Wright-designed skyscraper ever successfully constructed has become mired in chaos — and is soon set to hit the market. Built in 1956, the iconic Price Tower has been struggling for some years now, but local outlets are now reporting that its owner, Cynthia Blanchard, is preparing to list
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Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders described as a 32-year leasehold condominium purchase restores the mixed-use property across from Macy’s to 100% fully occupied. Sources said YU will have 160,000 square feet on Herald Center’s floors 5-9 as well as parts
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
The Massachusetts mansion, where an entrepreneur father murdered his wife and teenage daughter before turning the gun on himself, hit the market this week and was billed as the “perfect home for entertaining.” Rakesh Kamal, 57, fatally shot his 54-year-old wife, Teena, and 18-year-old Arianna during the horrific murder-suicide inside the sprawling Dover home on
Changes from a landmark settlement affecting broker commissions from America’s largest real estate trade association take effect this weekend, potentially creating a more complex and uncertain buying process for consumers, according to industry experts. The changes made under the National Association of Realtors’ (NAR) $418 million settlement, announced in March, “adds more uncertainty and unknowns to an
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The cold never bothered them anyway. Homebuyers are grabbing their winter gear and flocking to far-flung Maine — where they’ve managed to drive up the median home price a bone-chilling 78.5% in just five short years, a new report reveals. According to freshly published findings from industry news site Pro Tool Reviews, The Pine Tree State
Award-winning film producer Lisa Muskat, of “Beckett,” “Bones and All” and “Joe,” is listing her Catskills home for $1.97 million. Built on a mountain, the charming three-bedroom, three-bathroom home sits on 33.12 acres. It was built in 1920 in Arts and Crafts style. Muskat bought the home, at 5280 Cauterskill Road in Catskill, NY, for
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada. Andri Tambunan | AFP | Getty Images It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50
d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday.
A Hamilton Heights townhouse once rented by Emmy award-winning TV personality Sherri Shepherd, of the nationally syndicated daytime talk show “Sherri,” has hit the market for $3.2 million. Shepherd is an actress best known for playing Angie Jordan in “30 Rock” and Evette Chase in “The Sex Lives of College Girls.” She is also a
Iuliia Isaieva | Moment | Getty Images Homeowners are sitting on$17 trillion in equity as of the end of the first quarter of 2024, according to CoreLogic. The average homeowner gained $28,000 in equity compared to a year earlier. For many people, there’s no need to touch that money. Home equity is “not like bread,”
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