Manhattan’s retail scene is such a mixed bag as to defy generalization. The Real Estate Board of NY reports fewer available storefronts than last year and rising rents, but overall, conditions are all over the map. For example, Soho and Upper Madison Avenue are strong while Broadway on the Upper West Side resembles a wasteland of
Month: May 2024
The market tides are beginning to turn against home sellers, especially in two US states that saw a number of people flocking there during the COVID-19 years. Those looking to purchase property in parts of Texas and Florida are at last in luck. The residential market is finally beginning to cool as recently constructed homes
A 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina, available via Sotheby’s Private Sales. Courtesy: RM Sotheby’s A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet
Off the southern coast of mainland England, floating in the Solent straight about a mile from the Isle of Wight, two eye-catching former military forts are drifting to auction. Known as the Solent forts, the circular granite islands were constructed in the 1860s to defend the city of Portsmouth from the French and have, more
China announced “historic” steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy “some” apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments,
These Manhattan homes share a secret: Behind them are two of New York City’s most stunning urban oases that only a privileged few can access. But now, it’s slightly easier to get in — for the right price. In Turtle Bay and Greenwich Village, two townhouses currently for sale offer access to hidden gardens that offer
The creator of “Glee” and “American Horror Story” has a new project out: This revamped California home. A historic Los Angeles property designed by legendary modernist architect Richard Neutra, and one newly restored by the famed TV producer Ryan Murphy, has hit the market for $33.9 million, the Wall Street Journal first reported. Murphy, 58,
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates last week dropped to the lowest level since April, but buyers are still struggling to afford today’s housing market. As a result, mortgage demand flattened at a weak pace. Total mortgage application volume inched up
Tetra Images | Tetra Images | Getty Images Consumers are putting down more money to buy a home — but the typical down payment is still much less than you might expect. The average down payment was 13.6% in the first quarter of 2024, according to a new report by Realtor.com. The median down payment
A colorful, eclectic and luxurious Miami Beach dwelling that was assembled and previously owned by art curator Ximena Caminos — the former partner of Argentine hotelier and real estate developer Alan Faena — has sold for $7.7 million. The home was asking $8.5 million last year, as Gimme Shelter previously reported. Caminos bought the home
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing
In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT monkeybusinessimages | Getty Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate — but they may not realize how unusual that offering is. “The 30-year fixed-rate mortgage is a uniquely American construct,” said Greg McBride, chief financial analyst for Bankrate. True to
The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared to about 3% in 2019, according to an
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images Mortgage rates are significantly higher than they were at the start of this year, but they pulled back slightly last week after several weeks of straight increases. That