Leopatrizi | E+ | Getty Images More built-for-rent single-family homes are being constructed in the U.S., according to the National Association of Home Builders, and experts say this is in part due to the housing affordability crisis. “When mortgage rates move higher, and it’s harder to buy a home, renting becomes more of an option,”
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High home prices and stubborn mortgage rates make the current housing market seemingly difficult to navigate—particularly for underserved populations. Several grim numbers tell the story: The gap between Black and white homeownership is worse today than in 1968, when the Fair Housing Act was passed. Lower-income families are 22% more likely to be denied a home
Former Google CEO Eric Schmidt just offloaded his sprawling Silicon Valley estate for a cool $22.5 million, barely two months after putting it on the market. The luxurious property, nestled in the ultra-wealthy Bay Area enclave of Atherton, was initially listed at the end of April for $24.5 million. Last week, it officially sold, according
File photos: “For Sale” sign Brandon Bell | Getty Images Consumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose just 0.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550
Hong Kong retained its pole position as the world’s most expensive city for expats in 2024, according to Mercer. Chunyip Wong | E+ | Getty Images Asia’s biggest financial hubs have once again clinched the top spots for being the costliest cities for international workers to live in, according to Mercer. Hong Kong was ranked
A prominent south Florida lawyer abruptly withdrew Monday from repping twin accused rapists and real-estate heirs Oren and Alon Alexander. A well-placed source told The Post that lawyer Jim Ferraro’s decision to step down from the troubling Manhattan case was made at least partly because of his personal ties to the 36-year-old millionaire brothers —
Row of shophouses in Singapore’s Katong area. Olivier Chouchana | Gamma-rapho | Getty Images SINGAPORE — The ornate, colorful “shophouses” that line the streets in some old neighborhoods of Singapore are not what immediately comes to mind when people think of the city-state. In a country where land is scarce and public housing can cost
The imminent completion of LCOR’s 1515 Surf Avenue is the best news Coney Island has seen since the Parachute Jump was designated as a city landmark. The twin-towered apartment building just a short walk to the ocean brings the neighborhood just what it needed: more market-rate housing. The project’s 16 and 26-story towers will have
As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change. This year’s hurricane season is already underway,
While the Appalachian region of the U.S. might conjure up unflattering stereotypes of coal mines and opioid addiction, residents Greg and Missi Moore don’t mind the rumors that circulate about where they live. They even joke about them. “They call me ‘The Anomaly’ down here, because I have all my teeth,” quips Greg, who is 6-foot-5 and also
Goodboy Picture Company | E+ | Getty Images More homeowners are listing their homes for sale — but properties are taking longer to sell as potential buyers face high prices and interest rates. New listings from home sellers jumped in May, up 13% from a year ago, according to the latest market report by Zillow.
An unsuspecting husband and wife found themselves at the center of a bizarre real-estate racket. In Kansas City, a listing recently appeared for their five-bedroom ranch house being sold for the beyond bargain price of $10,200 — only, the property wasn’t for sale, but part of a strange swindling scheme, its owners told the Kansas
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the
Senior couple repairing kitchen cabinet at home Momo Productions | Digitalvision | Getty Images Alex Marrero and his wife bought their first home this spring in Coral Springs, Florida — and the couple has already spent nearly $17,000 on home maintenance, repairs and installations. While they knew they needed to do improvements from “the minute
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