Category: New York

Not a day seems to go by without a housing market headline breaking down a new set of real estate data: Mortgage rates soar above 7%! Home prices drop! Housing stock hits a four-year high! Homebuyers and sellers might get whiplash trying to figure out what it means for them. But, it is possible to figure out who is in the driver’s seat in the real estate market. Sometimes, it’s the seller. Once in a blue moon, buyers will be in control or the market is balanced. And, believe it…

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You may also like: This report will examine the top seven trends impacting the real estate industry in 2024. One of the key underlying drivers for these trends is a relocation from big cities to the suburbs. But there are several other important changes in the real estate space to keep an eye on over the next 18-24 months. With that, here are some of the most important real estate trends to know: 1. Home prices continue to climb Due to the increased demand for single-family homes and dwindling supply,…

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Fortune Education is part of Fortune Recommends™ and is editorially independent. We may earn affiliate revenue from links in this content. Learn more. Real estate is the ultimate work-hard, play-hard profession. Some of the most successful real estate agents can bring home hefty salaries and eventually build out their own brokerage and personal brand. Real estate is not easy, though; it can very easily tip the scale when it comes to work-life balance.  But for those who are self-starters and are invigorated by challenge, negotiation, and most importantly, helping others find…

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Commercial real estate (CRE) is showing “early signs of recovery” as market activity continues to pick up, according to Blackstone chief operating officer Jonathan Gray. Mortgage applications drop by 5.7% as rates rise again Off English “Now, I’m not saying this is some sort of sharp V-shaped recovery, but as you get to this bottoming period, what you want to do is try to deploy capital into this,” Gray said at the Bernstein Strategic Decisions Conference on Wednesday. Advertisement He noted that most people will remain “very cautious” of the…

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A Manhattan townhouse that the iconic actress Katharine Hepburn called home for decades has hit the market.  Located within Turtle Bay Gardens, the 164-year-old property was owned by the late leading lady from 1931 until her death, at age 96, in 2003.  Hepburn’s estate sold the four-bedroom, four-bathroom abode for $3.9 million in 2004, to the current seller, who is now seeking $7.2 million, Crain’s first reported. The home has six fireplaces and grand interior design. DDreps for Sotheby’s International Realty Katharine Hepburn. Bettmann Archive The home’s facade. DDreps for…

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After years of price cuts and no buyers, Sonja Morgan has finally unloaded her luxurious Upper East Side townhouse in an online auction. The “Real Housewives of New York City” star parted ways with her opulent residence at 162 E. 63rd St., but not without a significant financial hit, The Post has learned. The property, which made appearances on the hit Bravo series, sold to the highest bidder for $4.45 million in a no-reserve sale that lasted nearly two weeks. The final sale price, with the buyer’s premium of 12%,…

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May 29, 2024 By Sue Trieman– Local realtors expect Westchester to remain a red-hot real estate market during the warmest months of 2024, but the sizzling temperature may be slightly dissipating. An April uptick in the number of new homes offered for sale suggests a better balance between the tight supply of listed properties and a sky-hot buyer demand may be coming. Still, prices are likely to remain high and buyer competition fierce. Support our Sponsors The Hudson Gateway Association of Realtors (HGAR) revealed that the median home in Westchester…

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Fittingly, Robert Kraft — the billionaire owner of the New England Patriots — has fled Manhattan’s famed Plaza for a home nearby on Billionaires’ Row. He recently sold his Plaza condominium for $22.5 million, decamping to the 70-story skyscraper 220 Central Park South located two blocks west. That purchase was $34 million. Compared with the glitzy, modern towers that punctuate the Manhattan skyline, the Plaza — dominating the corner of Central Park South and Fifth Avenue with its French-Renaissance grandeur — is losing its luster. In fact — since it…

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In a monochromatic world, where a white box has become the default for bland real estate stage setting, a summer home painted to match a set of Hollywood veneers can feel cliché. Perhaps that’s why black and charcoal-gray facades and accents are trending on the East End. “I changed the trim on my shingled cottage from a greenish blue inspired by Martha Stewart to black,” says Hamptonite and Corcoran broker Arlene Reckson. “I changed my roof to black. Right now, if you are doing shingles, or updating a modern home,…

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Introduction Rather to my surprise[1] and perhaps that of others, New York governor Kathy Hochul was able in April 2024 to negotiate a housing deal[2] with leaders of the two houses of the state legislature that meets the very low-bar criterion of being better than no deal at all. The deal is significant because in it, the legislature acknowledges that profit-motivated private investment has a role to play in mitigating New York City’s housing supply crisis. But that recognition is freighted with ideologically driven conditions and handouts to favored constituencies,…

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NYC building that led to Anna Delvey’s downfall to list Breaking News

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Do you think New York’s filthy sidewalks, gross subway cars and rat infestations make it America’s dirtiest city? You’re in for quite a surprise. A recent study by LawnStarter has crowned Houston, Texas, as the nation’s dirtiest city — bumping Newark, New Jersey from the top spot. New York City, despite its notorious grime, didn’t even crack the top 10. It landed in 12th place. While the Big Apple dodged the title of dirtiest, it’s still grappling with its trash and pest problems. The dirtiest city in America is not…

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Remember that epic house from “Home Alone”? You know, the one where Kevin McCallister fended off those bumbling burglars? Well, it’s up for grabs. The famous house from the 1990 classic film just hit the market for the first time in 12 years, with a price tag of $5.25 million. Located in the posh Chicago suburb of Winnetka, Illinois, this 9,126-square-foot gem was built in 1921 and is being offered by Kathryn Moore of Coldwell Banker Realty’s Dawn McKenna Group. Located at 671 Lincoln Ave., they shared a sneak peek…

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Locked out of the US housing market? Here’s how to win ‘revenge’ in the meantime Live updates

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A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy. China has a housing problem. A very big one. It has nearly four million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia. Xi Jinping, the country’s leader, and his deputies have called on the government to buy them. The plan, announced last week, is the boldest move yet by Beijing to stop the tailspin…

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