Tarpon Isle, a private island in Palm Beach, Florida. CNBC From Palm Beach to Miami Beach, luxury home prices in Florida’s richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average sale price of a home in Palm Beach topped $20 million in the third quarter, making it
Standret | Istock | Getty Images Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock prices and government stimulus measures, the Federal Reserve reported Wednesday in its triennial Survey of Consumer Finances. Net worth is a measure of household assets after accounting for liabilities.
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty Images Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next year. The AIA/Deltek Architecture Billings Index dropped to 44.8 in
It’s the upper crust of street style photography. Joshua Kamei and his @LadiesofMadisonAve Instagram and TikTok accounts have gone viral documenting New York socialites, their fashions and the fabulous backstories behind them. “I love glamor and I love this city, so it’s just kind of something I started reporting on,” Kamei, a 39-year-old Hell’s Kitchen
JB Reed | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000. The milestone came as bond yields soar to levels not seen since 2007. Mortgage rates follow loosely the yield on the 10-year
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022. Rebecca Noble | Bloomberg | Getty Images Builder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a market dominated by high mortgage rates and costs for financing. The
A Pacific Northwest compound specifically built to showcase works of art has listed for $5.5 million. The unique property, named Art Häus, was completed in 2006 and designed to be the perfect space to display certain pieces within its current owners’ collection. In 1997, the art collectors Craig and Linda Fiebig dropped $1.27 million on
In this article NWSA Follow your favorite stocksCREATE FREE ACCOUNT Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company. Starboard CEO Jeffrey Smith told CNBC’s David Faber on Tuesday that the firm is building a position
In this article .HSI 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Country Garden shares tumbled to fresh eight-month lows Monday, extending losses on renewed debt fears for the Chinese property sector. Future Publishing | Future Publishing | Getty Images All of Country Garden‘s offshore debt could potentially be in default if the Chinese property developer
Vornado Realty Trust is doubling down — make that chowing down — on its near $2 billion investment in its redeveloped Penn Station-area office towers. The latest catch for the publicly traded giant is a 150-seat outpost of the Bromberg brothers’ Blue Ribbon empire at PENN 1, The Post has learned. It’s Vornado’s boldest gastronomic
This downtown Manhattan home is out of this world. Actor Anthony Rapp — who made his name on Broadway in “Rent” and went on to play the openly gay Lt. Cmdr. Paul Stamets on “Star Trek: Discovery” — has listed the East Village loft he shares with his husband, life and leadership coach Ken Ithiphol, for $3.85
Bon voyage! Life on dry land always seemed to leave Mike Soroker, 80, thirsty for more. And so, after taking just four cruises with wife Barbara, 75, and loving them all, the restless retirees made a dramatic decision — to buy a condo on a cruise ship and enjoy their final years sailing around the
This gilded estate offers some real Garden State glamour. In Saddle River, New Jersey, this approximately 16,000-square-foot megamansion is looking for a new owner — and one with an appreciation for opulence. Custom constructed by one beauty-industry executive for another, the property has seven bedrooms and 14 bathrooms spread over three stories — and is
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