The unknown, and deep-pocketed, buyer of Palm Beach’s only private island has been unmasked. According to people familiar with the situation, the individual who shelled out $150 million for Florida’s Tarpon Island is an Australian infrastructure investor named Michael Dorrell, as first reported by the Wall Street Journal. The sky-high sale of 10 Tarpon Isle,
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Phynart Studio | E+ | Getty Images Coming up with the down payment as an aspiring homeowner can be a daunting task. Many have already begun working toward that goal. About 77% of future homebuyers have started putting money aside for a down payment, according to a new survey by Clever.com, a housing and real
A sign advertising units for rent is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first years of the pandemic for both single-family and multifamily
A new Venetian Islands, Florida property has hit the market for $26 million — and it’s not even a megamansion. The waterfront home, at 310 W. Dilido, is almost cozy at just 5,787 square feet. “The Venetian Islands aren’t known for large homes, but this one has five bedrooms and an ideal layout,” said listing
A pile of lumber at a home under construction at the Cold Spring Barbera Homes subdivision in Loudonville, New York, US, on Wednesday Nov. 8, 2023. Angus Mordant | Bloomberg | Getty Images Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Homebuyers, however, were not impressed. Total mortgage application volume rose 1.9% compared to the previous week, according
The city of Denver, Colorado, has undergone notable growth as skilled professionals and businesses move into the state that prides itself on 300 days of sunshine. “There’s both a homegrown component of creation happening and a real magnet effect of people looking for the quality of life they want in a city. And I don’t
One of America’s least populous states has become surprisingly popular among young adults. North Dakota is far better known for its free-roaming bison than its youth culture — and yet a recent analysis has found that it’s among the top 10 most popular states for Gen Z migration. According to a recent report by storage
Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty Images Sales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis, according to the National Association of Realtors. The forecast had been for
Some young retirement savers say they might raid their 401(k) accounts to buy a home. Doing so, however, could be to their detriment, experts warn. Nearly one-third (30%) of aspiring homeowners say they plan to withdraw funds from their 401(k) plan to fund a purchase, according to the Real Financial Progress Index by BMO Financial
A “For Rent” sign is posted near a home in Houston, Texas, on Feb. 7, 2022. Brandon Bell | Getty Images Many Americans are sitting on low-interest-rate mortgages and could face a decision when it’s time to move: sell or rent out their existing property. That choice could be tricky, especially for those eager to
Filmmaker Baz Luhrmann has once again put his Manhattan townhouse on the market, this time with its lowest price yet. The Aussie — known for such films as 1996’s “Romeo + Juliet,” 2001’s “Moulin Rouge” and 2013’s “The Great Gatsby” — has been trying to sell the 38-foot-wide Gramercy residence since 2022, when he listed
Home renovation activity may have cooled somewhat compared to its pandemic-era frenzy, but homeowners are still investing in their spaces, particularly as the spring housing market heats up. And when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns
A real estate construction site in Wanxiang City, Huai ‘an City, East China’s Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty Images BEIJING — China’s sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to
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