A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie
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Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
Separate reports by major brokerages CBRE and JLL show that the Manhattan office market is far from dead — or even stagnant. The surveys illustrate the extent to which the top tier of the office market is “impervious” to woes at the lower end, as CBRE phrased it. (The data from both firms include both new
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment.
Snowy Buffalo is slated to have the hottest major housing market in 2024, according to a report. Despite the notoriously long, harsh winters, the Western New York town topped Zillow’s list of the 50 “hottest” markets of 2024 due to its affordability— making owning a home a real possibility for young people. “Housing markets are
It’s becoming harder — and insanely expensive — to insure a home in America. And that’s not just a household budgeting problem. As once-routine weather events become increasingly destructive, the rising cost of home-owners insurance threatens to further stall a national housing market that’s already groaning under the weight of high interest rates, rising prices
Howard Davies, chairman of Natwest Group Plc. Bloomberg | Getty Images The chair of one of Britain’s biggest banks faced a backlash Friday after saying it is not “that difficult” to get on the property ladder. NatWest chair Howard Davies told the BBC’s “Today” program that the current economic landscape — which has seen interest
Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York attorney general on Friday asked a
Danish tennis champ Caroline Wozniacki and her husband, retired NBA All-star husband David Lee, have put their sprawling Florida home on the market. Wozniacki, 33, and Lee, 40, purchased the penthouse atop the luxe Palazzo Del Sol condo complex on Miami-Dade County’s exclusive Fisher Island for $18.7 million back in June 2021, according to the
In the wilds of Westchester County, a one-of-a-kind property is seeking a new owner. This custom-built, Chappaqua, New York residence is set on nearly 9 acres of land and has a human-sized terrarium of sorts within — all for $1.9 million. Commissioned by behavioral scientist Francis Mechner and his wife Vicki, and completed in 1969,
The Federal Reserve‘s effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a “soft landing,” where inflation returns to the Fed’s
A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ended Dec. 29, compared with two
All aboard this tiny house on wheels! In the Wisconsin resort town of Lake Geneva, a quaint converted rail car is looking for a new permanent passenger. Made up of three remodeled cabooses for a total of 960 square feet of living space, the unique abode is currently seeking $125,000 for sale. “Tiny house alert!
Another major law firm lease just got signed on midtown Sixth Avenue that’s good news for Vornado Realty Trust and a rare, narrow ray of light for the embattled Trump Organization. National law firm King & Spalding, a tenant at SL Green’s 1185 Sixth Ave. at West 47th Street for two decades, is moving six
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