Close-up and side view of classic Georgian buildings in London, England, UK. Colors Hunter – Chasseur De Couleurs | Moment | Getty Images LONDON — London landlords are selling up their buy-to-let properties at record rates as anticipated tax hikes from the U.K. Labour government add further pressure to the once lucrative investment sector. Almost
A palatial home that once belonged to the legendary late prima ballerina Dame Margot Fonteyn is looking for its next steward. The newly listed, nearly 16,000-square-foot property is located in the Knightsbridge district of London — and asks a mighty $85.81 million. Originally built in 1928, Fonteyn — who passed away in 1991 — moved
File photo Patrick T. Fallon | Bloomberg | Getty Images Mortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week. Total mortgage application volume rose just 1.6% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate
Online retailer Fashion Nova just got a spiffy new California headquarters, the company announced by email this week. Richard Saghian, founder and CEO of the fast fashion company, bought this 175,000-square-foot building in Beverly Hills in an off-market, all-cash deal from real estate corporation Tishman Speyer, The Post has learned. The Real Deal reported that
China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist. The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding
We know the bad news about downtown: offices 30% vacant, Water Street a near ghost town and some old buildings facing foreclosure. But there’s better news as well. And it isn’t all at the World Trade Center and Brookfield Place. Two major towers on Liberty Street shrugged off the pandemic’s worst damage and their owners
Rupert Murdoch, chairman emeritus of media empire News Corp. Axelle/bauer-griffin | Filmmagic | Getty Images LONDON — Rupert Murdoch-owned REA Group said Monday it is contemplating a takeover offer for U.K. property portal Rightmove in a bid to create a global digital real estate business. The Australian property listings company, which is controlled by Murdoch’s
Jeremy Renner is ready to part ways with his Hollywood Hills home 12 years after he first moved in. The actor put his approximately 9,000 square foot home on the market for $12.9 million after initially buying the house for $4 million in 2012. According to The Wall Street Journal, Renner spent $5.5 million on renovations, which
Vm | E+ | Getty Images Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry
Despite soaring prices, the rate of people becoming first-time homebuyers is going up. According to fresh findings from Redfin, pending starter home sales were up 10.2% in July when compared to the same time in 2023. The real estate company defined a starter home as a residential property with a sale price that fell into
The Good Brigade | Digitalvision | Getty Images Despite being a hallmark of the American Dream, buying a home is less affordable for many these days. Higher mortgage rates and a shortage of houses on the market relative to demand have kept prices elevated and created a financial crunch for many would-be buyers. The median
It’s London calling for these minted Americans. Cashed-up expats are increasingly investing in London’s luxury real estate market, according to a new report from Bloomberg, with sales doubling in just six months. A strong dollar plus various social and political problems plaguing the United States have our citizens scouring the British capital to snap up
The median price per square foot in Manhattan, NY is $1,500, according to My Dolce Casa. Alexander Spatari | Moment | Getty Images Manhattan, New York is infamous for being expensive. The city consistently ranks as one of the world’s most costly places to live in. Purchasing a 500-square-foot condo in New York City can
Tech entrepreneur and influencer Alfonso Cobo, the co-founder of Unfold and Hypelist, is about to put his gut-renovated Tribeca loft on the market for $6.99 million. The exquisite duplex is at 415 Washington St., better known as the Fairchild. It comes with two terraces, a fireplace, dramatic 21-foot-high ceilings and double-height arched windows. Tech entrepreneur
Mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed. Total mortgage application volume rose just 0.5% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances
An enormous custom estate is now up for auction in southern New Jersey — and although it cost its creators some $27 million to build, the reserve price is just $10 million. Located a 30-minute drive from Philadelphia, straddling the border of two townships — Moorestown and Cinnaminson — the approximately 40,000-square-foot compound is currently
A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S. The Good Brigade | Digitalvision | Getty Images Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally
On New Hampshire’s Squam Lake, a historic summer house with a Titanic connection is looking for its first new owner in a century. The eight-bedroom, four-bathroom, 5,600-square-foot property is set on 3.8 acres that include over 960 feet of shorefront, the Wall Street Journal first reported. It is currently priced at $9.5 million, and would
Shaunl | E+ | Getty Images Consumers in the market for a home have been patiently waiting for the Federal Reserve to cut interest rates — a move it seems poised to make in September. But without action from Congress, there could be another change at the end of that month that makes it temporarily
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
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