The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but that’s not the case now. There are still too few homes for sale because current homeowners can’t afford to move, and it’s keeping prices high.
Month: April 2024
Brooklyn’s tallest building is struggling to pay its skyscraping loans. Michael Stern, the developer of 9 DeKalb Avenue’s 93-story The Brooklyn Tower, has defaulted on a $240 million mezzanine loan and now faces foreclosure, the Real Deal has reported. A UCC foreclosure auction has been scheduled for Jun. 10 by Silverstein Capital Partners, which issued
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT 10’000 Hours | Digitalvision | Getty Images Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. That is 35% more than what the typical household
A-list couple Jennifer Lopez and Ben Affleck are back in the Big Apple — and spending time together house hunting on the Upper East Side, sources tell Gimme Shelter. One of the spots they toured was a family-size townhouse at 226 E. 68th St. that’s asking a cool $45,000 a month. Another residence they saw
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