Home Depot navigated a challenging 2024 marked by elevated interest rates and a cautious consumer. But as the year progressed, signs of recovery emerged, setting the stage for a rebound in 2025, fueled by increased housing turnover and pent-up demand in the home improvement market. Year-to-date performance: up 12% Forward price-to-earnings multiple: 25 versus a
Month: December 2024
I’ll buy there for you. The mid-century Los Angeles home that “Friends” star Matthew Perry purchased several months before his death is now in contract to sell to its next owner. However, the final sale price and identity of the buyer are not yet known. Mansion Global reports that Perry, who passed away in October
The Golden City is losing its shine. Housing prices in San Francisco have plunged to pre-pandemic levels amid widespread layoffs in the tech sector, SFGATE reports. Despite still being one of the more expensive metropolitan areas in the US, prices for condominiums and co-ops in the city were down 14.7% from May 2022 and now
Hey, Jeff, can you spare a cup of sugar? One of the most expensive pieces of real estate now on the market in the United States is a land parcel on exclusive Indian Creek Island off the coast of Miami — and a deep-pocketed prospective owner can call Jeff Bezos their neighbor. Thing is, that
Procuring a property in one of America’s many ski towns in a bid to live out your alpine dream comes—more often than not—with a hefty price tag. Big-name resorts like Vail, CO, Park City, UT, or Big Sky, MT, boast an array of beautiful and incredibly expensive homes, with prices in these areas typically ascending into the millions, if not
Call it a “Whopper” of a deal. Two Burger King franchisees have chosen to auction off their Florida mansion on Hutchinson Island that was last listed for $7.4 million, Mansion Global reports. The online sale — to be handled by Interluxe Auctions — will officially begin on Jan. 13 with a $2 million starting bid.
Break out the Cristal! Retired two-time world boxing champion Floyd Mayweather Jr. has finally found a Manhattan residence — and for a glittering $100,000 a month, to boot. The boxer-turned-real estate investor, who boasts 30 million followers on social media, is renting a sprawling, high-floor duplex inside the Baccarat Hotel and Residences at 20 W.
The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates to fall. But that may not happen for some time. “I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan
Homebuyers touring a house with a real estate agent. sturti | Getty The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie
Miami’s barrier islands are home to many tall luxury buildings, and, according to a study recently published in Earth and Space Science, about three dozen are sinking. Thirty-five luxury condos and hotels across Florida’s Sunny Isles Beach, Surfside, Miami Beach and Bal Harbour have faced subsidence in the past handful of years, the study found.
Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract interest rate for
Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales
It’s a knockout! A landmarked, $49.5 million Gilded Age mansion in the heart of Manhattan has caught the eye of famed boxing champ Floyd Mayweather Jr. After recently touring the city’s most expensive rental, as Gimme Shelter exclusively reported — a $150,000-a-month Soho penthouse owned by former Uber CEO Travis Kalanick — Mayweather has moved his
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