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Finance Blackstone says the real-estate market is bottoming. Here are 7 ways it’s getting ahead of the situation. Alex Nicoll 2024-05-08T14:06:28Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link Save Article Icon A bookmark Save Read in app Angle down icon…

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Conservative political commentator Sean Hannity recently made a permanent move from New York to the so-called “free state of Florida.” So, it’s no surprise that the Fox News Channel star has decided to hoist his longtime New York residence in the Long Island enclave of Centre Island up for sale, as was first reported by The Wall Street Journal. He is already broadcasting the network’s Hannity program and The Sean Hannity Show on iHeartRadio from studios in the Sunshine State’s affluent Palm Beach community. Nestled amid a grassy parcel of land tucked alongside Oyster Bay, which feeds…

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There will be one less celebrity in the Hamptons this summer if Drew Barrymore finds a buyer for her ritzy East End place on Long Island. The 49-year-old host of “The Drew Barrymore Show” just listed the converted barn estate is listed for $8,450,000. Barrymore, bought the 1.7-acre Sagaponack estate in 2019 for a reported $5.5 million and remodeled the house. The original barn on the property was built in 1920 and has gone through a number of additions and renovations over the past century. Barrymore’s upgrades might be the…

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Key Takeaways After some optimism last year that housing costs could cool, consumers expect both purchasing and rental costs to jump in 2024, according to a New York Federal Reserve Bank survey. They are also anticipating that mortgage rates could jump to higher than 8% over the next year. The New York Fed also studied the “lock-in” effect of low mortgage rates, finding the impact was confined to a relatively small group of homeowners.  Both homebuyers and renters are bracing for more inflation in the real estate market this year,…

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Key Takeaways After some optimism last year that housing costs could cool, consumers expect both purchasing and rental costs to jump in 2024, according to a New York Federal Reserve Bank survey. They are also anticipating that mortgage rates could jump to higher than 8% over the next year. The New York Fed also studied the “lock-in” effect of low mortgage rates, finding the impact was confined to a relatively small group of homeowners.  Both homebuyers and renters are bracing for more inflation in the real estate market this year,…

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When a double-wide townhouse at 138-140 West 11th Street fetched nearly $73 million early this year, few even knew it was for sale. High-end deals have long taken place outside the typical framework of listing, showing and bidding. Instead, trophy properties trade for huge sums out of sight of the general public. But off-market negotiations are now also helping sellers in lower price tiers score higher offers than they otherwise would, agents and analysts say. “It’s counterintuitive,” said UrbanDigs founder John Walkup. “Usually, it’s the other way around: When buyers…

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