Over the last 15 years, the corner of Houston and Bowery has gone from being one of the city’s filthier corners to an internationally-regarded fresh-air gallery. The iconic slab at the crossroads, known as the Bowery wall, has displayed work from some of street art’s biggest names, including JR, Banksy and Shepard Fairey. But, recently,
Noel Hendrickson/Getty Images After a year full of record-high interest rates and home prices, experts say there are signs of improvement for the housing market in 2024. In December, the average mortgage rates dropped below 7% for the first time since August and after an 8% peak in October, which pushed housing costs to the
This London house isn’t just historic: It’s also an extra in a cult-favorite Christmas flick. A three-bedroom townhouse on Notting Hill’s St. Luke’s Mews is seeking a new buyer to the tune of $3.45 million. Diehard fans of the 2003 romcom “Love Actually” will recognize this abode for being located on the same block where
The Spanish town of Marbella, on the country’s south coast, is popular among overseas buyers. Artur Debat | Moment | Getty Images There are three European countries that are “perennial favorites” for people to buy a vacation home, according to Kate Everett-Allen, a partner at real estate firm Knight Frank. France, Italy and Spain all
America’s home improvement guru is downsizing. Just one month after putting his Palm Beach spread on the market for an eye-popping $53 million, DIY deity Bob Vila bought a more manageable $12.5 million property in the enclave last week, records show. The 77-year-old former host of “This Old House” nabbed the 4,300 square foot Georgian
A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Manhattan rents fell for the first time in over two years, as the supply of empty apartments grew and renters held out for
The Federal Reserve announced it will leave interest rates unchanged Wednesday, in a move that many believe will conclude the central bank’s rate hike cycle and set the stage for rate cuts in the year ahead. The Fed has raised interest rates 11 times since March 2022 — the fastest pace of tightening since the early 1980s. The
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images Homeowners looking to refinance are finding savings after mortgage rates dropped again last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming
In a league where posh residences dominate players’ lifestyles, the Giants’ newfound sensation Tommy DeVito has chosen a different route, opting to remain rooted in the only place he’s ever called home. The 25-year-old quarterback, who recently clinched a thrilling victory against the Packers, still resides with his parents in the modest 2,300-square-foot Cedar Grove,
The East China headquarters of Country Garden is being shown in Zhenjiang, Jiangsu Province, China, on October 10, 2023. Nurphoto | Nurphoto | Getty Images Embattled Chinese real estate developer Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment this week, according to Bloomberg
Eighty-year-old billionaire, Nicolas Puech, scion of the iconic fashion dynasty Hermès, is allegedly orchestrating a staggering succession saga that involves adopting his 51-year-old gardener. Puech, unmarried and without children, plans to legally designate his “former gardener and handyman” from a “modest Moroccan family” as his rightful heir, as reported by the Swiss publication Tribune de
The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week after recent signs the economy is in fairly good shape and as inflation continues to drift lower. “While there’s been talk about an imminent recession going back to early last year, the U.S. economy has
Luxury properties in the Kensington and Chelsea district of London, UK, on Monday, Aug. 21, 2023. Jason Alden | Bloomberg | Getty Images The U.K. property market has been a rollercoaster for renters and prospective homeowners alike for over a year now. Rents soared throughout 2022 and 2023 as supply and demand imbalances led to
The Fried, Frank annual holiday party at Cipriani 42nd Street is the one by which other real estate soirees are judged — and the best informal barometer of the industry’s mood. The bash returned in full force on Dec. 5 after three years of Covid-influenced shrinkage. Law firm real estate chairman Jon Mechanic, the ever-ebullient
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