Just outside Austin, in Lakeway, Texas, a renowned local home is seeking a new proprietor for $1.99 million. The abode is a local icon known as the Sand Dollar House (or “the mushroom house,” depending who you ask) for its aerial resemblance to the sea urchin species thanks to the teardrop-shaped skylights dotting its roof.
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Housing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the pandemic era. Its painfully slow decline is the main impediment keeping the consumer price index from falling back to policymakers’ target, economists said. “We see it as the last remaining leg” before CPI
The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel Petroni The owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and hidden personality below. While the upper levels are adorned with
The Third Plenum, set for July 15-18, is one of the most important political meetings of the Chinese Communist Party. Bloomberg | Bloomberg | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a
Florida, with its miles of coastline along the Atlantic Ocean and the Gulf of Mexico, draws more than 140 million tourists annually and entices many to settle in the sunny state. However, despite its appealing climate, numerous activities and no state income tax, Yawar Charlie, a senior real estate agent and director of the Aaron
About one in five Gen Zers, or 22%, say a lack of affordable starter homes poses as a barrier towards homeownership, according to a new report. Some believe fixer-upper homes might be the answer to the issue. A fixer-upper is an existing house that needs varying degrees of maintenance work and is typically offered at
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
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
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