A house for sale in Arlington, Virginia, in July of 2023. Saul Loeb | AFP | Getty Images The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total mortgage application volume very
In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images Chinese real estate developer Country Garden Holdings said it expects it will not be able to make all
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available homes for sale. In a letter Monday addressed to
This house was made for buying. A Beverly Hills abode once home to Nancy Sinatra has hit the market for the first time in half a century. The property, seeking $2.95 million, is a time capsule, much of it appearing as it did when the now 83-year-old “Sugar Town” singer lived there in the 1960s,
A Soho loft owned by art consultant and former Chelsea gallerist Sara Tecchia is back on the market for $11.6 million — a 50% price slash from its original $23.25 million in 2015. Tecchia bought the three-bedroom, 3½-bath home at 50 Wooster St. for $7.45 million in 2010. “In my Chelsea gallery, Sara Tecchia Roma New
A Harlem townhouse with a “Scandinavian farmhouse” vibe has been price-slashed by $1 million. The three-story home, known as Harlem House, is owned by ’90s Swedish indie pop star Nina Persson, lead singer/lyricist of the Cardigans, and her husband, Nathan Larson, an American songwriter of alternative rock band Shudder to Think. The Cardigans’ superhit “Lovefool”
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic,
A customer inspects a Tesla Motors Inc. Powerwall unit inside a home. Ian Thomas Jansen-Lonnquist | Bloomberg | Getty Images After a summer of extreme weather and wildfires and now during the peak of hurricane season, the power going out again is becoming familiar to more Americans. That means it may be a good time
No timber-clad tower has ever reached so high. Down Under, a cloud-scraping pillar of a building has received the go-ahead from local authorities in Western Australia. If completed, the structure on South Perth’s Charles Street will be the tallest wooden building in the world. On Thursday, Perth’s Metro Inner-South Joint Development Assessment Panel gave Grange
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images A shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader apartment sales and prices come under pressure
Former US President Donald Trump speaks to members of the media while arriving for the second day of his civil fraud trial in New York on October 3, 2023. Kena Betancur | AFP | Getty Images Former President Donald Trump on Tuesday blasted New York Attorney General Letitia James as he headed into court for
Barbara Walters admirers will soon have a chance to own a piece of the late broadcast journalist’s legacy. Later this month and into early November, more than 300 items from the television icon’s Upper East Side apartment will be up for auction. Later this month and into early November, more than 300 items from Barbara
Former US President Donald Trump sits inside the courtroom for the third day of his civil fraud trial in New York on October 4, 2023. Angela Weiss | AFP | Getty Images Lawyers for Donald Trump may ask a New York appeals court to pause his ongoing $250 million business fraud trial and stay a
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Mortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The
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