A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Homebuilder sentiment improved in January, jumping 7 points to 44 on the National Association of Home Builders monthly index. Anything below 50 is still considered negative, but the index has now moved 10 points higher
Month: January 2024
Fox News anchor Bret Baier has bid farewell to his Bermuda-style Florida haven for a cool $13.49 million. The upscale property, just a skip away from the Palm Beach Country Club, had entered the Baier family portfolio in March 2022, with a price tag of $12 million, according to Mansion Global. This sun-soaked abode, a
Former U.S. President Donald Trump arrives to speak to the press after attending the civil fraud trial against the Trump Organization in New York State Supreme Court, in New York City on Jan. 11, 2024. John Lamparski | AFP | Getty Images The top court in New York State on Tuesday rejected an appeal by
Dubai’s property boom in the years following the Covid-19 pandemic has been one of the fastest in the world, fueled by investor-friendly reforms and a surge in expat demand, particularly from Russia in the wake of the start of Moscow’s full-scale war with Ukraine. Some of Dubai’s luxury developments cater specifically to Russian buyers, with
A rare, 46-foot warplane acting as a “garden gnome” outside a $5 million English estate comes for free with the purchase of the sprawling property. The decommissioned Harrier II jet plane — one of eight left in existence — comes as a packaged deal that comes along with Durford Edge, an 8,000 sq ft Arts and
Fg Trade | E+ | Getty Images Rising inventory is helping push rent prices down. For young adults, building credit is a smart step to take as they prepare to enter the rental housing market. The median U.S. asking rent price in December was $1,964, a 0.8% decline from a year ago, according to real
Here’s your chance to spend eternity with Marilyn Monroe. A mausoleum crypt at Pierce Brothers Westwood Village Memorial Park & Mortuary in Los Angeles is going on the block in March, according to Julien’s Auctions of Beverly Hills. The spot — which can hold a “full body or ashes” — is located in the Corridor of Memories,
Laguna Beach, California Luciano Lejtman | Moment | Getty Images When most people think of Laguna Beach, California, they think of its scenic coves and beaches. But the small coastal city — with a population of around 22,600 — is also pioneering a new model for elder care. About 77% of adults ages 50 and
Don’t let the door hit you in the rear. Allegedly racist Long Island squatters who apparently hadn’t paid their mortgage in more than a decade and repeatedly gamed the court system have finally gotten the boot. On Wednesday, the Nassau County Sheriff’s Office arrived to change the locks on the Friendly Lane home in Jericho
A rare bunker with roots in the Cold War era has found its way into the real estate market, carrying an asking price of $1.24 million. Nestled in Sprague, Washington, this property, constructed in 1959, once safeguarded some of America’s most critical nuclear weapons during the tumultuous time, which spanned from 1945 to 1991. The
In the hills of Elverson, Pennsylvania, a fantastical dwelling that looks straight out of “The Hobbit” has just been listed for $425,000 — and it’s capturing the attention of house hunters and fantasy enthusiasts alike. This three-bedroom, two-bathroom residence, often compared to the iconic Hobbit homes, features a distinctive ‘Arch-Tech’ design with arched walls and
These days, housing affordability is a struggle for nearly everyone. But for young adults just starting out, soaring home prices and sky-high rents have become one of the greatest obstacles to making it on their own. Nearly one third, or 31%, of Generation Z adults live at home with parents because they can’t afford to buy
This onetime gorgeous estate is seeking an owner to give it a new lease on life. In Westchester County’s coincidentally named town of New Castle, a formerly glorious castle built by Abercrombie & Fitch’s co-founder, the topographer David T. Ambercrombie, is looking for a buyer who doesn’t mind fixer-uppers and has $2.9 million to spare. The
A “For Sale” outside a house in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved a little bit higher last week, for the second
Pretty nice deal for a floating one-bedroom, eh? Currently docked in British Columbia’s Sailor’s Cove marina, this adorable Canadian houseboat offers 377 square feet of chicly designed living space for $187,000 — much less than a home of similar size might command on land. The “float home,” as it is repeatedly referred to in the
A for sale sign hangs outside a home on the west side of Detroit, Michigan. Fabrizio Costantini | Bloomberg | Getty Images Home prices are rising faster and faster each month, fueled by a decline in mortgage rates. On a national level, home prices jumped 5.2% in November compared with the same mont a year
Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
The National Association of Realtors is grappling with more turmoil in its top leadership ranks just over two months after the trade group’s CEO stepped down well before his planned retirement. The Chicago-based organization said Monday that NAR president Tracy Kasper has resigned, effective immediately, and is being succeeded by the trade group’s president-elect, Kevin
A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie
Separate reports by major brokerages CBRE and JLL show that the Manhattan office market is far from dead — or even stagnant. The surveys illustrate the extent to which the top tier of the office market is “impervious” to woes at the lower end, as CBRE phrased it. (The data from both firms include both new
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment.
Snowy Buffalo is slated to have the hottest major housing market in 2024, according to a report. Despite the notoriously long, harsh winters, the Western New York town topped Zillow’s list of the 50 “hottest” markets of 2024 due to its affordability— making owning a home a real possibility for young people. “Housing markets are
Howard Davies, chairman of Natwest Group Plc. Bloomberg | Getty Images The chair of one of Britain’s biggest banks faced a backlash Friday after saying it is not “that difficult” to get on the property ladder. NatWest chair Howard Davies told the BBC’s “Today” program that the current economic landscape — which has seen interest
This sumptuous lodge sits high above a resort village — but is dwarfed by a legendary mountain. Some 325 feet above the town of Cervinia, Italy, and in full view of the Matterhorn, a chalet known as La Fenice has been listed by Savills for $26.29 million, making it the highest-priced property the Italian Alps
Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York attorney general on Friday asked a
Danish tennis champ Caroline Wozniacki and her husband, retired NBA All-star husband David Lee, have put their sprawling Florida home on the market. Wozniacki, 33, and Lee, 40, purchased the penthouse atop the luxe Palazzo Del Sol condo complex on Miami-Dade County’s exclusive Fisher Island for $18.7 million back in June 2021, according to the
A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ended Dec. 29, compared with two
In the wilds of Westchester County, a one-of-a-kind property is seeking a new owner. This custom-built, Chappaqua, New York residence is set on nearly 9 acres of land and has a human-sized terrarium of sorts within — all for $1.9 million. Commissioned by behavioral scientist Francis Mechner and his wife Vicki, and completed in 1969,
The Federal Reserve‘s effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a “soft landing,” where inflation returns to the Fed’s
All aboard this tiny house on wheels! In the Wisconsin resort town of Lake Geneva, a quaint converted rail car is looking for a new permanent passenger. Made up of three remodeled cabooses for a total of 960 square feet of living space, the unique abode is currently seeking $125,000 for sale. “Tiny house alert!