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“Capital Economics reports US home prices to sink by 2023 as mortgage rates hit 6%” Sky-high prices in the US housing market will sink in the coming months as cash-strapped prospective homebuyers contend with surging mortgage rates, a prominent research firm said in a report Monday. Home prices are projected to decline approximately 5% by…
“Emma Stone sells Malibu home for $4.4M in nearly a week” She sold her home “reel” fast. Emma Stone, the Oscar-winning actress who’s graced the silver screen with roles in “La La Land” and “The Help,” has parted ways with the beachy Malibu manse she’s owned since 2018. And it went into contract about a…
“Mortgage rates climb to 5.78% in biggest weekly gain since 1987” Mortgage rates continued their rapid climb this week, posting their largest one-week gain since 1987 in a likely precursor to a slowdown in the US housing market after its pandemic-era boom. The average contract interest rate on a 30-year fixed-rate mortgage was 5.78% as…
“Compass, Redfin to lay off hundreds as housing market cools” Real estate firms Compass and Redfin revealed plans to conduct layoffs on Tuesday as surging mortgage rates trigger a slowdown in the once-booming housing market. Redfin’s regulatory filing cited “market conditions” in the firm’s decision to cut the company’s headcount by about 470 employees, with…
“Long Island equestrian estate from ‘Wolf of Wall Street’ lists for $10M” A five-acre Long Island equestrian estate where over 100 racehorses have been bred has listed for $10 million. Located just 25 minutes from Belmont Park, where The 154th Belmont Stakes are set to take place over the weekend as the last leg of…
“Median rent price in Manhattan reaches $4,000 for first time” New York, New York, it’s a helluva town! As long as you can afford it. As city rents have continued reaching post-pandemic heights, they’ve finally reached a brand new, and bank-busting, benchmark. In Manhattan, the median rent price reached $4,000 for the first time ever,…
“Bob Saget’s longtime LA home lists for $7.76M” A laugh comes for free, but living in the Los Angeles home of the late funnyman Bob Saget will cost you more. Saget’s Crestwood Hills residence, where he lived for nearly 20 years, has listed for $7.76 million. Saget, who unexpectedly passed away on January 9 at…
“May sees a slowdown in NYC home sales: report” Spring in New York typically brings a busy homebuying season — but in May 2022, it doesn’t seem like many locals had that usual spring in their step. The latest report from Douglas Elliman shows that, due to a lack in inventory and rising mortgage rates,…
“Betty White’s longtime LA home sells for $10.67M” Thank you for being a friend — by paying more than the asking price! After hitting the market in April for $10.57 million, and for the first time in more than 50 years, the late Betty White’s Los Angeles home has sold, its listing brokerage told The…
“What Every New Yorker Moving to Florida Should Know” Will the last New Yorker leaving for Florida turn out the lights? As The Post reported, a record 61,728 New York State residents fled to the Sunshine State last year, a number likely to rise in 2022. Lower taxes! Schools without masks! No shoebox-size apartments that…