David Paul Morris/Bloomberg via Getty Images Inflation fell further in June as lower gasoline prices combined with other easing price pressures to bring relief for consumers’ wallets. The consumer price index, a key inflation gauge, rose 3% in June from a year ago, down from 3.3% in May, the U.S. Labor Department reported Thursday. The
Month: July 2024
A property previously owned by both the actor Sylvester Stallone, and separately the cookbook author and Vogue food columnist Barbara Kafka, has hit the market in Garrison, New York. Perched high on a hill in the hamlet and offering 180-degree views of the Hudson River, the residence offers more than 4,600 square feet of living
To keep up with the high cost of living, many young adults turn to a likely safety net: their parents. Nearly half (46%) of Gen Zers between the ages of 18 and 27 rely on financial assistance from their family, according to a new report from Bank of America. Even more — 52% — said
Thianchai Sitthikongsak | Moment | Getty Images The recent run-up in home prices, a staggering increase of more than 40% from pre-pandemic levels, should have current homeowners rushing to refinance. But for most, pulling that cash out simply costs too much now that interest rates are more than twice what they were just two years
Anyone out shopping for a home today knows there is still precious little for sale. The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built
A notorious New Orleans manse is seeking a new owner — one who’s undaunted by its dark history. The Big Easy’s legendary Lalaurie mansion has hit the market, with seller and energy trader Michael Whalen seeking $10.25 million for the historic, ghost story-steeped Empire Style estate, the Wall Street Journal first reported. The over 10,000-square-foot
Pedestrians near Salesforce Tower in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Artificial intelligence has been a big boon for San Francisco real estate. But not enough of one to make up for the broader struggle across the market. The vacancy rate for San Francisco office space
It’s major news that Sweden’s Ingka Investments, which owns most Ikea stores, formed a “strategic alliance” in Extell’s planned, one million square-foot mixed-use tower at 570 Fifth Ave. Developer Gary Barnett has long planned to build a large new skyscraper at the precious Midtown site. Ingka will hold a one-third stake in the project and have full
The notorious Colorado home where Chris Watts strangled his pregnant wife to death has finally attracted a buyer, after several months on the market and two price cuts. The Frederick, CO, house, which was the subject of the 2020 Netflix true crime documentary “American Murder: The Family Next Door,” was initially listed in April for
What a flex! It’s not even built, but fitness guru Anne Mahlum, founder of the cult-favorite workout Solidcore, just signed a contract to buy a massive condo asking $14.6 million at the St. Regis Residences in Sunny Isles, Florida. The 53rd-floor unit will be in the St. Regis North Tower and is slated for completion in
Chef Nancy Fuller is known for her great taste — and it extends to real estate. The Food Network star of “Farmhouse Rules,” Fuller has filmed the popular show from the kitchen of her fully restored, pre-revolutionary Dutch farmhouse that dates to 1766. Fuller tells Gimme she loves the Dutch colonial home — and loved
One castle, going relatively cheap. A stately home just nine miles north of Brussels has hit the market for an undisclosed sum somewhere between $8.03 million and $10.71 million, its current owner, venture capitalist Benjamin Van Oudenhove, told Mansion Global. Currently the property is defined by an 120-year-old edifice named Castle Overschie, but the estate
For anyone in search of a summer vacation without the crowds, there’s a private island paradise — 3,700 miles from the nearest continent — in search of renters with money to burn. Adrift in the Pacific Ocean more than 600 miles from already remote Tahiti, the French Polynesian island of Nukutepipi is on offer for slightly
A sign advertising a home for sale is displayed outside of a Manhattan building in New York City on April 11, 2024. Spencer Platt | Getty Images Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales