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
In this article RDFN ZG Follow your favorite stocksCREATE FREE ACCOUNT Alistair Berg | Digitalvision | Getty Images If you’re in the market for a home, it’s likely some of the properties you see will be new builds. About 33.4% of single-family homes available for sale in the first quarter were newly built, almost double
Ever wonder what a building would look like hanging over Manhattan — because it drapes down over the city from outer space? An architecture firm has formally drafted renderings for the unusual concept. The firm Clouds Architecture Office has fully imagined a particularly pie-in-the-sky development plan, namely to hang a skyscraper upside-down from an asteroid
Manhattan’s retail scene is such a mixed bag as to defy generalization. The Real Estate Board of NY reports fewer available storefronts than last year and rising rents, but overall, conditions are all over the map. For example, Soho and Upper Madison Avenue are strong while Broadway on the Upper West Side resembles a wasteland of
The market tides are beginning to turn against home sellers, especially in two US states that saw a number of people flocking there during the COVID-19 years. Those looking to purchase property in parts of Texas and Florida are at last in luck. The residential market is finally beginning to cool as recently constructed homes
A 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina, available via Sotheby’s Private Sales. Courtesy: RM Sotheby’s A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet
Off the southern coast of mainland England, floating in the Solent straight about a mile from the Isle of Wight, two eye-catching former military forts are drifting to auction. Known as the Solent forts, the circular granite islands were constructed in the 1860s to defend the city of Portsmouth from the French and have, more
China announced “historic” steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy “some” apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments,
These Manhattan homes share a secret: Behind them are two of New York City’s most stunning urban oases that only a privileged few can access. But now, it’s slightly easier to get in — for the right price. In Turtle Bay and Greenwich Village, two townhouses currently for sale offer access to hidden gardens that offer
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