First-time homebuyers in America are hitting an unprecedented milestone, and it’s not one they’ll be celebrating. According to the latest data from the National Association of Realtors (NAR), the median age for first-time buyers has surged to 38 — the oldest on record and up three years from just last summer. Gone are the days
Real Estate
Florida’s sun-soaked southwestern coast, known for its wealthy enclaves and retirement appeal, is grappling with the steepest home price drops in more than a decade. From Sarasota’s luxury listings to Punta Gorda’s booming developments, property values have fallen at rates not seen since the post-recession days of 2011. Despite rising home prices across most of
A group of real estate experts has revealed the paint colors that could cause your home to plummet in value—warning prospective sellers about the power of a first impression when it comes to offloading a property. There’s nothing like a fresh coat of paint to give new life to an old (or not-so old) home. A new color palette
Restaurant-watchers might be stunned by Monday’s opening of Aqua New York, a block-long leviathan at 920 Broadway between East 20th and 21st streets. If they never heard of it, it’s because it hid in plain sight during more than 18 months of construction, with no advance publicity or social media hype. The two-level Aqua spans
Just two years after Brooke Shields unloaded her longtime Los Angeles estate for $7.4 million, the residence is back up for grabs for $8.65 million, The Post has learned. The actress and model purchased the property in 1997 for $3.24 million with her then-husband, tennis great Andre Agassi. In 2022, Shields sold the 5,300-plus-square-foot residence
Casa Encantada, touted as the most expensive residence in Los Angeles and in California overall, just received a significant price cut — dropping from an eye-watering $195 million to $165 million, according to a release from the listing brokerage. News of the discount was first reported by Mansion Global. But don’t call it a bargain
A ballot question that would have eliminated property taxes in North Dakota was soundly defeated on Tuesday after critics argued the step would have gutted funding for essential services. Measure 4, which would have made North Dakota the first state in the nation without any property taxes, was one of nearly a dozen statewide ballot questions
It’s a fashionable buy — and a purchase so large, it’s making waves across the pond. Bloomberg reports that the American billionaire fashion designer Tom Ford has shelled out $104 million for a mansion in London, marking the most expensive deal for a home in the United Kingdom this year. Not much is known about
This 31.8-acre Connecticut estate comes with a grand A-list history — and now it’s in the hands of some new owners. Golden Globe-winning actor Richard Gere has just sold the New Canaan property he purchased two years ago from multi-Grammy-winning singer and songwriter Paul Simon, reports the New Canaan Advertiser. The deal appears to have
The biggest relocation lease of October was private equity powerhouse TPG’s move to eight high floors in Tishman Speyer’s Spiral, aka 66 Hudson Boulevard. Its 301,276 square feet was runner-up in size only to Bloomberg’s 749,000 square feet at 919 Third Ave. that was mostly expansion space at the same location. TPG will move from 888
Miami’s tony Star Island, a private enclave that’s long attracted A-listers, has a hot new and currently the only listing: the former waterfront estate of Rosie O’Donnell, now on the market for a jaw-dropping $54 million. O’Donnell, who snapped up the property in 1999 for just $6.75 million, later sold it in 2003 to Dr.
Homebuyers in Phoenix and two other sunny locales are about to catch a much-needed break in their search for the perfect forever home. Nationally, the best time to buy a home was the week of Sept. 29 to Oct. 5., when savvy homebuyers could save an average of $14,000 on a median-priced $445,000 home. However, as Realtor.com® senior economist Ralph McLaughlin notes, “buyers
A town in Northern California that’s virtually full of billionaires is, believe it or not, going broke. Portola Valley — population 4,397 — was once dubbed the richest town in America, with a current average per capita income of $250,000. The co-founder of LinkedIn and the former CEO of Nike both call it home. Yet reports are
Long before it was Donald Trump’s lavish home base, the Mar-a-Lago estate was a shining example of Palm Beach’s glitzy, old-money charm. This stunning Florida mansion on South Ocean Boulevard began as the dream of cereal heiress Marjorie Merriweather Post, once the richest woman in America. After inheriting her family’s fortune in 1914 — an
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