A residential real estate sold sign is seen in Washington, D.C. Brendan Smialowski | AFP | Getty Images Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted
San Francisco, once the crown jewel of the West Coast, is now teetering on the brink of collapse — and it seems like nobody is sounding the alarm. The city’s housing market, in particular, has been hit hard over the past year, with prices plummeting and homeowners fleeing in droves. JPMorgan Chase CEO Jamie Dimon
This property pairs well with deep-pocketed wine lovers. In California’s internationally renowned wine region of Sonoma County, a sprawling vineyard and its stately main house have come to market for $11.9 million. Known as Pritchett Peaks Vineyard, the estate measures in at 120 acres, 110 of which compose “the most significant vineyard in Sonoma County’s
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Real estate is increasingly a tale of two markets — a luxury sector that’s booming, and the rest of the market that continues to struggle with higher rates and low inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin.
Just an inch of floodwater can generate tens of thousands of dollars in property damage. Homeowners trying to move and start over after such a disaster might find a surprising buyer for their home: the government. The Federal Emergency Management Agency, or FEMA, has spent around $4 billion assisting in the purchase of about 45,000
It’s a problem with an obvious solution. Since there are not enough cheap apartments at the same time many city offices remain empty, it would make sense to convert those fiscally distressed office towers into housing. But it’s not so simple. Conversion projects are hugely complex, expensive, time-consuming and are stymied by both city and state zoning
Jannese Torres is the founder of the blog Delish D’Lites and the podcast “Yo Quiero Dinero.” Photo Jannese Torres In her upcoming book, “Financially Lit!: The Modern Latina’s Guide to Level Up Your Dinero & Become Financially Poderosa,” author Jannese Torres discusses how she became the first woman in her family to graduate from college,
Scottie Scheffler, the 27-year-old golf sensation who recently clinched his second Masters title, lives in a fairly modest-priced mansion in Dallas, Texas despite his staggering net worth, The Post has learned. Purchased for $2.1 million, the price tag belies the luxury of Scheffler’s newlywed abode, which he acquired in 2020 following his marriage to his
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously-owned homes dropped 4.3% in March compared with February, to a seasonally adjusted, annualized rate of 4.19 million units, according to the National Association of
Peter Cade | Stone | Getty Images Buyers of newly built homes can come across a number of sticker shocks. In February, the median sale price for new construction sold in the U.S. was $400,500, according to the U.S. Census Bureau and the Department of Housing and Urban Development. More from Personal Finance: Should you
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Stocks fizzle: Wall Street was enjoying
A Silicon Valley house that went viral for its big price tag and tiny square footage will sell for significantly more than ask. The studio apartment-sized residence on a cul-de-sac in Cupertino, California — the Bay Area city where tech titan Apple is headquartered — hit the market for an outsized $1.7 million earlier this
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last
Media entrepreneur and television personality Dan Abrams and his longtime partner, publicist Florinka Pesenti, have plunked down a cool $10.62 million for a dazzling new home in Manhattan, Gimme Shelter has learned. It’s located at The Whitman, a tony boutique condo at 21 E. 26th St. The building itself is a Neo-Georgian mansion built in
In this article .BKX US10Y Follow your favorite stocksCREATE FREE ACCOUNT Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I
They’re in deep now. A couple of first-time UK homebuyers were stunned to discover a 10-foot well hidden below their living room. Shaniah Lloyd, 28, and her partner, Ross Bennett, 25, purchased their Edwardian townhouse in Coventry, England, for about $239,000 in November. While lifting the floorboards to replace the boiler last month, they were
Media mogul Barry Diller has officially closed on the purchase of a prime waterfront property on North Bay Road in Miami Beach for an eye-watering $45 million, sources close to the deal informed The Post, marking a historic price tag for the exclusive locale. He entered into contract for the plot of land back in
Developers are salivating over this pricy pocket-size palace. A bite-size 384-square-foot home on the edge of California’s Silicon Valley hit the market for a whopping $1.7 million, according to ABC 7. Located at the end of a quiet, residential cul-de-sac in Cupertino, the home is overlooked by neighboring homes worth $5 million. The one-bedroom, one-bathroom
A scorched residence in Nassau County’s East Rockaway has listed for $399,900 — with the asking price also coming with some very honest advertising. The house, located at 9 Elbert Pl., barely survived a deliberate fire set by its former tenant Kevin Meyer in 2020. But what some may see as a jaw-droppingly damaged residence,
Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on April 11 in one of the country’s biggest fraud cases over the embezzlement of
Owning and living in a townhouse has long been a peak status symbol in New York City, an achievement that places one amongst Rockefellers, Carnegies, Fricks, Vanderbilts and the like. But, amid growing concerns about crime — a recent poll from Citizens Budget Commission found that just 37% of New Yorkers rated public safety in
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
Westend61 | Westend61 | Getty Images It’s unclear when the Federal Reserve could begin cutting interest rates, but many homeowners who took out a mortgage in recent years — as rates hovered between 6% and 7%, and even touched 8% — are paying attention for opportunities to refinance. Thanks to those high mortgage interest rates,
Miami nightlife guru David Grutman, of Groot Hospitality, and his spouse, fashion/jewelry designer Isabela Rangel Grutman, have listed their Zaha Hadid-designed condo for $7.2 million. The four-bedroom, five-bath condo is at One Thousand Museum Miami, once dubbed the “Scorpion Tower” — a 62-story, 707-foot-tall building that comes with its own helipad. The Grutmans have hosted
This aerial picture shows homes near the Chesapeake Bay in Centreville, Maryland, on March 4, 2024. Jim Watson | Afp | Getty Images Overall mortgage demand has now moved sideways for three straight weeks, but last week saw a split between those looking to buy a home and those hoping to save money with a
Pictured here is a real estate project under construction in Huai ‘an city, Jiangsu province, China, on April 8, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to convince people that home prices are on their way up in order for economic activity to pick up, Richard Koo, chief economist
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Comstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of recent homebuyers had regrets about their
Past rows of steel- and carbon-frame bikes, behind a floor-to-ceiling curtain, to the left of the mechanic’s room, this Prospect Lefferts Gardens institution is freshly reopened. The second incarnation of Jermaine, Paul and Johann Burrowes’ restaurant, MangoSeed, started serving up Caribbean fare this February following intense community pressure, the brothers say. The brothers and professional
New Yorkers can breathe a sigh of relief after a surprising 4.8 magnitude earthquake jolted the city on Friday morning. While the tremors from New Jersey may have rattled a few nerves, experts assure that the Big Apple’s skyline remains standing strong. Jesse Richins, lead seismic engineer at the New York City engineering firm MRCE,
The walls of 1443 Devlin Drive in Los Angeles have echoed with the melodies of Christina Aguilera, witnessed the glamour of Liza Minnelli’s days, and hosted the illustrious career of Jack Haley Jr., along with journalist Steven Herman. Now, this iconic Hollywood abode, steeped in history, is up for grabs. Priced at a cool $8.4
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