Hedge fund billionaire Ken Griffin has expanded his high-end real estate empire with the $45 million purchase of a duplex at 740 Park Ave., Manhattan’s most prestigious co-op building. The deal, according to sources who spoke to the Wall Street Journal, marks the latest addition to Griffin’s portfolio of ultra-luxury properties. The seller was Julia
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Oscar Wong | Moment | Getty Images Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search. As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family rents are up
HBO’s “The White Lotus” is back, and this season, the award-winning series has traded the beaches of Hawaii and the historic charm of Sicily for the tropical luxury of Thailand. But while the show’s characters unravel in their usual web of privilege and dysfunction, the real star of the season is its stunning backdrop —
Uptown Madison Avenue, lower Fifth Avenue and — surprisingly — a fashionable stretch of Bleecker Street are Manhattan’s hottest retail blocks, according to a revealing new survey of the second half of 2024 by the Real Estate Board of New York. The report shows renewed leasing energy fueled by fashion stores new to the city,
A scorched plot of land in LA’s fire-ravaged Pacific Palisades neighborhood has sold for $1.18 million— nearly $200,000 over asking —despite being reduced to ashes by a devastating wildfire just weeks ago. The sale will likely be the first of many, with at least a dozen charred properties currently on the market — some with
A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of listings. Sales of previously owned homes fell 4.9% in January from
monkeybusinessimages | Getty There are signs that the housing market is swinging to favor buyers. However, renewed worries about the economy are holding some buyers back. On the upside for homebuyers, home price growth has slowed and mortgage rates have retreated from recent peaks. The median sale price for homes was $375,475 in the four
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers. Total mortgage application volume fell 6.6% for the week, according to the
An off-grid upstate New York sanctuary built over two decades by the installation artist Matt Bua was put on the market this month, Gothamist and Artnet reported. For just $269,000, buyers can obtain nearly 27 acres of woodlands dressed with more than 30 DIY structures made of upcycled scrap materials. Located in a hollow near
In this article FMCC FNMA Follow your favorite stocksCREATE FREE ACCOUNT Fannie Mae and Freddie Mac, two pillars of the U.S. mortgage market, are currently controlled by the federal government. Some in Washington, D.C. expect President Trump to push for the end of their conservatorship. “We have a mortgage finance system that works really well
It’s still too soon to fully calculate the cost of the Los Angeles wildfires, but one thing is clear: The cost of insurance will go up, and that will affect not just the value of LA real estate but of real estate across the nation. The losses from those wildfires may seem unimaginable now, but
Martin Barraud | Ojo Images | Getty Images As U.S. home equity climbs, owners are more likely to face capital gains taxes from selling property. But a lesser-known tax strategy could help shrink your bill, experts say. When selling your main home, there’s a special tax break that shields up to $250,000 of profits for
Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly. The National Association of Home Builders’ Housing Market Index (HMI) dropped a sharp 5 points from January to a reading of 42. Anything below 50 is considered
A Louisiana woman is fighting to reclaim the title to a property that’s been in her family for centuries. The victim, DaNita Batiste, is battling to reestablish a clear title on the property, months after fraudsters impersonated her using a phony ID and sold the land for cash to unsuspecting investors. It’s a form of real estate fraud that
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