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
Month: August 2024
A new glimmering glass tower is joining the Miami skyline. Renderings have been newly revealed of multinational hedge fund Citadel’s new 54-story headquarters, which is set to break ground next year, the Wall Street Journal first reported. Citadel’s founder, chief executive, and owner of the most expensive home in US history, the billionaire Ken Griffin,
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
Supermodel Karlie Kloss and her husband, the venture capitalist Joshua Kushner, have purchased Rod Stewart’s former Malibu home, the Wave House. Kloss and Kushner, who is the brother of Jared Kushner, paid $29.5 million for the midcentury-modern property, which is believed to have inspired the look of the Sydney Opera House, the Wall Street Journal
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
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
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
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
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
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
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
Vice President Kamala Harris has announced a sweeping set of proposals on housing policy, giving voters their first look at what the housing market might look like under a Harris administration. Harris unveiled the proposals as part of a populist economic plan that marked her first major policy announcement since replacing President Joe Biden at
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
Imagine there’s no heaven. It’s easy if you buy. At New York City’s storied Dakota co-op at 1 W. 72nd St., a four-bedroom, 2.5-bathroom residence is available for sale asking $6.2 million. But this is no ordinary listing. This unit stands next to the longtime home of Yoko Ono — the one she shared with
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%
Sdi Productions | E+ | Getty Images Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and community investment. Yet, for millions of Americans, especially younger generations and first-time homebuyers, that dream is slipping away. Rising home prices, stagnant wages, and restrictive mortgage terms have made it increasingly difficult to take that crucial
Democratic U.S. presidential candidate, Vice President Kamala Harris, speaks at an Aug. 10 campaign rally in Las Vegas. Justin Sullivan | Getty Images News | Getty Images Affordable housing is a cornerstone of the “opportunity economy” that Vice President Kamala Harris sketched out last week. Harris’ economic policy pitch included proposals to lower the costs
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
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below
At times, tragically, the forces of Mother Earth can’t be controlled — as was seen last week in Rodanthe, North Carolina. There, yet another beachfront home collapsed into the Atlantic Ocean — a scene that’s becoming all too familiar for this Outer Banks community. It was located at 23214 Corbina Drive. The destruction, caught on
Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders described as a 32-year leasehold condominium purchase restores the mixed-use property across from Macy’s to 100% fully occupied. Sources said YU will have 160,000 square feet on Herald Center’s floors 5-9 as well as parts
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
Changes from a landmark settlement affecting broker commissions from America’s largest real estate trade association take effect this weekend, potentially creating a more complex and uncertain buying process for consumers, according to industry experts. The changes made under the National Association of Realtors’ (NAR) $418 million settlement, announced in March, “adds more uncertainty and unknowns to an
An historic 20,000-square-foot estate in the tony Chicago suburb of Winnetka has listed with an asking price of $35 million, making it the most expensive property for sale in Illinois. Built in the 1920s, the century-old stunner is being sold by its longtime owners — current financier and former Goldman Sachs global co-head of the
Cue the chills. You could own a piece of Hollywood history: The infamous house from the 1982 horror classic “Poltergeist” has hit the market for the first time in 45 years — minus the paranormal activity, of course. Nestled in Simi Valley, California, this suburban spookfest, built in 1979, is up for grabs at $1.175
d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday.
Aleksandarnakic | E+ | Getty Images A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family units were completed in June than in any month in nearly 50
The Spanish Revival-style abode actor Clint Eastwood called home during his stint as a California mayor is ready for its next owner. The century-old Carmel-by-the-Sea property, where Eastwood, 94, lived while he was mayor of the Monterey County coastal city from 1986 to 1988, is seeking $21 million, the Wall Street Journal first reported. The
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada. Andri Tambunan | AFP | Getty Images It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home