In the wake of a pair of explosive lawsuits claiming the wealthy real estate-heir Alexander brothers raped two women several years ago, about 30 more alleged victims have come forward with similar claims, according to the lawyer representing the plaintiffs. “I’ve spoken to approximately 15 people who say to me they were raped by the
Month: June 2024
A mockup of what Revolut’s new global HQ in Canary Wharf will look like. The firm said it plans to display its logo on two signs on the sides of the new building – mimicking legacy banks like Barclays and Citigroup. Revolut British financial technology firm Revolut announced Thursday that it’s planning to move its
Chris Wattie | Reuters The Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though remain above the central bank’s target. The Fed’s benchmark fed funds rate has now stood within the range of 5.25% to 5.50% since
A new home is marked sold at a subdivision called Pintail Commons by Landsea Homes in Johnstown, Colorado on June 10, 2024. RJ Sangosti | MediaNews Group | Denver Post | Getty Images Mortgage rates dropped for much of last week, causing total mortgage application volume to surge nearly 16% compared with the previous week,
One of the real-estate-heir twins accused of two Manhattan rapes has stepped away from the company he co-founded — with the firm describing the claims to staffers Tuesday as “extremely disturbing.” The development came as the alleged victims’ lawyer told The Post that accused 36-year-old brothers Alon and Oren Alexander tried to negotiate a deal
Sturti | E+ | Getty Images It’s no secret that buying a home has gotten more expensive in the U.S. But the cost of keeping and maintaining a home has gotten significantly pricier, too, which might come as a surprise to some buyers. The “hidden costs” of homeownership add up to an average $18,118 annually, or
In recent years, mortgage rates in the US have soared to their highest levels in more than two decades, leaving many potential homebuyers and sellers wary. The Federal Reserve’s efforts to combat languishing inflation have played a significant role, as the central bank raised interest rates 11 times from 2022 to 2023, taking the benchmark
Experts are torn about where exactly the housing market is headed in the latter half of the year. “Mostly, we think the housing market is going to improve over the next half of the year,” Glenn Kelman, chief executive of Redfin, a real estate brokerage site, said on a May 22 appearance on CNBC’s “Money
Cultura Rm Exclusive/twinpix | Image Source | Getty Images Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors. Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of the record set
Two just-signed, major, new deals demonstrate the sustained appeal of Related’s Hudson Yards complex — and the preference for newer buildings over highly-regarded older ones. Warner Bros. Discovery (WBD), the largest tenant at 2.6 million square-foot 30 Hudson Yards, has been consolidating operations since AT&T’s Warner Media merged with Discovery in 2022. The resulting space shakeout freed
The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree. However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything
In Sarasota, Florida sits an estate fit for the elite, now up for grabs for a cool $20 million. But this isn’t just any waterfront property — it’s the largest parcel now for sale along the entire Gulf Coast. The Earle House, situated on a 1.2-acre lot, is available for $4 million, with the option
This Colorado ranch comes fully furnished — and with a number of fluffy current residents. Just outside downtown Aspen, a grand compound has hit the market for the princely price of $55 million — a cost that includes not just an enormous main house, but also a variety of animals. Moonshot Ranch delivers a lodge-style
New measures are in the works to solve the city’s housing and office crises — but they depend on whether Mayor Eric Adams has what it takes to push them through the obstructionist City Council. The housing-starved city will need 473,000 new apartments by 2032, according to the Regional Plan Association, but only 11,000 new
Some Americans believe that real estate is the best long-term investment. If you’re among them, real estate investment trusts, or REITs, might be the easiest way to tap the market. About 36% of surveyed Americans ranked real estate as the top long-term investment, more than cited stocks or mutual funds (22%), gold (18%), and savings
For many prospective homebuyers, high mortgage rates are putting a damper on the dream of homeownership. However, a new study suggests that many borrowers are missing out on huge savings by failing to comparison shop among different mortgage lenders. The LendingTree analysis suggests that the average borrower could save $76,410 over the life of a 30-year loan
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an
A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty Images Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous
In a move to tackle one upstate region’s housing crunch, Ulster County Jail in Kingston, NY is being reborn as a mixed-use community. The jail, which faced the wrecking ball in 2022, is making way for desperately needed housing. Gov. Kathy Hochul, speaking in Hyde Park this week, unveiled plans to boost housing in New
Consumers confronted with high housing prices sometimes point to private equity when buying homes as a contributing factor. But experts say that while the housing market has multiple issues, it’s hard to determine if real estate investor activity is truly deterring people from becoming homeowners across the U.S. Real estate investors purchased about 44,000 U.S.
Buyers face a tough housing market these days: With listing prices hovering at $430,000 and mortgage interest rates near 7%, the cards seem to be stacked against them. But not all markets are equally daunting. In fact, some are bona fide buyer’s markets where cash-strapped home shoppers can snag a bargain. So where are these
In this article F F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out
Brookfield’s thriving Manhattan West complex already had Italian, Middle Eastern, Spanish and Japanese restaurants. Soon, it will add home-town American favorite P.J. Clarke’s to the mix. The eatery, officially known as P.J. Clarke’s Oyster Bar & Grille, signed a lease for 7,500 square feet at 424 W. 34th St., aka 4 Manhattan West — a
Oscar-winning actress Jessica Chastain has listed her Manhattan co-op in the Osborne — long known as one of the most beautiful apartment buildings on 57th Street — for $7.45 million. The four-bedroom, four-bathroom property has had a star-studded ownership history, with previous owners including composer Adam Guettel — the grandson of composer Richard Rodgers —
Hurricane Irma strikes Miami, Florida, in 2017. Warren Faidley | Getty Images Hurricane season has officially begun. With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. The National Oceanic and Atmospheric Administration said in its forecast May 23 that it expects an 85% chance
Several markets where high-end home prices haven’t skyrocketed are dense population centers that people left during the pandemic, when remote-work options allowed folks to live farther from their big-city jobs. These already high-priced housing markets meant there wasn’t much room for prices to grow, especially given buyers’ ongoing affordability challenges, points out Hannah Jones, a