For months, economists have wrestled with the disconnect between how well the economy is doing and how badly people feel about their financial standing. Now, evidence suggests that the so-called “vibecession,” or that prolonged period of negative sentiment about the economy, appears to be ending, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. As inflation cools
Timothy Armoo, co-founder and former CEO of Fanbytes. Tim Armoo. Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire. He doesn’t own any mansions — or property at all — saying he prefers to spend some of his money on eclectic investments, ranging
Home is where the art is. On prestigious Gin Lane in Southampton, the light-filled property that the famed pop artist Roy Lichtenstein had long shared with his wife, the philanthropist Dorothy, has listed for $19.99 million, according to an eye-catching update on the Out East listings portal. This offering comes roughly 27 years following the
China’s property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC’s JP Ong, Winters described the investing environment in China as “difficult,” explaining that consumer confidence and international investor confidence was relatively low. “We know that the underlying source
Size isn’t everything. A prestigious ranking of the country’s best small towns has been published — and a charming locale just an hour’s drive from the hubbub of NYC has made the list. Compiled by editors at Travel + Leisure and a handful of industry experts, the America’s Best Small Towns 2024 survey tapped the larger-than-life
A Los Angeles abode once owned by the English actress Kate Beckinsale listed for sale on Friday, The Post has learned. Beckinsale paid $3.59 million for the Cape Cod-style home in 2006, then sold it for $3.99 million in 2021, a $400,000 profit. It now has a $4.29 million price tag. The 51-year-old is known
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon /
Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors
Larry Silverstein is praying the third time’s the charm for Two World Trade Center. The developer is in serious talks with American Express to anchor or completely fill the delayed skyscraper, which needs a tenant for Silverstein to get construction financing, according to a report. The yet-to-be-built tower is the missing link in his otherwise
Close-up and side view of classic Georgian buildings in London, England, UK. Colors Hunter – Chasseur De Couleurs | Moment | Getty Images LONDON — London landlords are selling up their buy-to-let properties at record rates as anticipated tax hikes from the U.K. Labour government add further pressure to the once lucrative investment sector. Almost
Gen Z has taken the lead in the homeownership race. In 2023, the homeownership rate for adult Gen Zers, or those between 19 and 26 years old, was higher than the homeownership rate for millennials and Gen X when they were 24, according to Redfin, a real estate company. The race is close, though. About
Country star Zac Brown is saying goodbye to his luxurious Lake Lanier, Georgia estate — just as his divorce battle heats up. Brown has put his sprawling lakeside home on the market for $3.25 million, hoping to make a hefty profit after buying it for $1.8 million back in June 2020. The listing was first
File photo Patrick T. Fallon | Bloomberg | Getty Images Mortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week. Total mortgage application volume rose just 1.6% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate
A palatial home that once belonged to the legendary late prima ballerina Dame Margot Fonteyn is looking for its next steward. The newly listed, nearly 16,000-square-foot property is located in the Knightsbridge district of London — and asks a mighty $85.81 million. Originally built in 1928, Fonteyn — who passed away in 1991 — moved
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