In recent years, mortgage rates in the US have soared to their highest levels in more than two decades, leaving many potential homebuyers and sellers wary. The Federal Reserve’s efforts to combat languishing inflation have played a significant role, as the central bank raised interest rates 11 times from 2022 to 2023, taking the benchmark
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Cultura Rm Exclusive/twinpix | Image Source | Getty Images Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors. Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of the record set
Two just-signed, major, new deals demonstrate the sustained appeal of Related’s Hudson Yards complex — and the preference for newer buildings over highly-regarded older ones. Warner Bros. Discovery (WBD), the largest tenant at 2.6 million square-foot 30 Hudson Yards, has been consolidating operations since AT&T’s Warner Media merged with Discovery in 2022. The resulting space shakeout freed
The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree. However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything
In Sarasota, Florida sits an estate fit for the elite, now up for grabs for a cool $20 million. But this isn’t just any waterfront property — it’s the largest parcel now for sale along the entire Gulf Coast. The Earle House, situated on a 1.2-acre lot, is available for $4 million, with the option
This Colorado ranch comes fully furnished — and with a number of fluffy current residents. Just outside downtown Aspen, a grand compound has hit the market for the princely price of $55 million — a cost that includes not just an enormous main house, but also a variety of animals. Moonshot Ranch delivers a lodge-style
New measures are in the works to solve the city’s housing and office crises — but they depend on whether Mayor Eric Adams has what it takes to push them through the obstructionist City Council. The housing-starved city will need 473,000 new apartments by 2032, according to the Regional Plan Association, but only 11,000 new
Some Americans believe that real estate is the best long-term investment. If you’re among them, real estate investment trusts, or REITs, might be the easiest way to tap the market. About 36% of surveyed Americans ranked real estate as the top long-term investment, more than cited stocks or mutual funds (22%), gold (18%), and savings
Following a period of shrinking floor plans, rentals are growing in square footage. A new report from the apartment search website RentCafe has found that the size of new US apartments is once again rising, most notably in large cities including San Francisco, Manhattan, Chicago and Washington, DC. Nationwide, RentCafe found that new rental apartments
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an
A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty Images Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous
In a move to tackle one upstate region’s housing crunch, Ulster County Jail in Kingston, NY is being reborn as a mixed-use community. The jail, which faced the wrecking ball in 2022, is making way for desperately needed housing. Gov. Kathy Hochul, speaking in Hyde Park this week, unveiled plans to boost housing in New
Consumers confronted with high housing prices sometimes point to private equity when buying homes as a contributing factor. But experts say that while the housing market has multiple issues, it’s hard to determine if real estate investor activity is truly deterring people from becoming homeowners across the U.S. Real estate investors purchased about 44,000 U.S.
Yet another Hamptons mobile home has hit the market with an exorbitant price tag. Continuing the recent trend, a residence in the tony Montauk Shores trailer park has been listed for sale at $3.2 million. The two-bedroom, one-bathroom, 600-square-foot abode is located at 100 Deforest Road in the posh hamlet of Montauk. There are a
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