Joan Didion’s Upper East Side apartment has officially been spoken for — and now, it’s poised to move onto its next chapter. After the four-bedroom residence hit the market for $7.5 million in January 2023, about a year after the 87-year-old “Slouching Towards Bethlehem” author passed away in the unit in December 2021, the unit
Month: April 2024
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Vitapix | E+ | Getty Images People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose to 7.17% for the week ended April 25, according to Freddie Mac data via the Federal
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. “All projects are moving full steam ahead,” Faisal Al Ibrahim told CNBC’s Dan Murphy on Monday at the World Economic Forum’s special meeting in Riyadh.
News that the Rudin family apparently plans to sell 80 Pine Street to Joseph Hoffman’s real estate company Bushburg for a lowball $160 million marks a poignant turn in the property’s history. The building which the Rudins reportedly hoped would fetch $200 million held a special place in the dynasty’s heart. When company legend Lew Rudin
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT While the spring housing market has been plagued with low supply, high prices and spiking interest rates, would-be homebuyers are focusing on new construction. The reason? New homes have more incentives and availability than previously owned ones. “There’s more opportunity in new construction,” said Nicole
The only current fruit of a pandemic-era program designated to create affordable housing is entering the next stage of its development in Queens. The 350-room JFK Hilton is well on its way to becoming perhaps the only byproduct of a program intended to convert hotels into permanent residences for low-income and formerly homeless New Yorkers,
A picturesque Park Slope brownstone that fashion icon Jenna Lyons sold to Erasure and Depeche Mode’s Vince Clarke and his late wife, the music publicist and film producer Tracy Hurley Martin, has traded hands once again. The historic 1880s home, at 178 Garfield Place snagged $5.99 million, according to city property records. Lyons, always a
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,