Big Apple, big price tags: A new report finds that average Manhattan apartment prices have cracked the $2 million mark for the first time. Douglas Elliman Real Estate, which produces the quarterly report with appraisal firm Miller Samuel, found that the average price of a Manhattan condo or co-op in ... Read More »
The stock market is looking wobbly. Bonds are paying you about what you’re losing to inflation. And the rest of the investment landscape is about as reliable as the latest presidential candidate poll. So if you’re wondering how to get ahead, let alone keep up with your rising monthly rent ... Read More »
For anyone who’s ever wondered what it’s like to have Roberta Flack or Yoko Ono as your neighbor but couldn’t afford it, now might be the perfect opportunity to score a luxury apartment on the cheap. Sort of. Apartment No. 66 at 1 West 72nd Street — otherwise known as ... Read More »
Home buyer dreams deferred: Aspiring owners put the brakes (mildly, at least) on the torrid pace of buying in January, according to the latest report on pending home sales. But one area in the U.S. still seems to be going stronger than ever: the South. The number of houses across the ... Read More »
It’s been said many times: The rent is too damn high. And now a recently introduced bill is trying to cut renters a break—a tax break, that is. The bill, if it became law, would allow renters to deduct from their federal taxes what they pay for the primary roof ... Read More »
In a number of cities in America, you’ll need to earn well over the U.S. median income to afford an average home. The average American needs to make a little over $51,000 a year to afford the median-priced home—including principal, interest, taxes and insurance—in the U.S. This assumes the buyer has ... Read More »
Thriving nightlife? Check. Walkable city streets? Check. Arts scene? Check. The results are in, and the small to midsize city that boasts the most happening—yet still reasonably affordable—downtown of 2016 is historic Alexandria, VA, according to arecent report. Go Alexandria! Livability.com, a real estate research and education website, looked at ... Read More »
Want to avoid paying a fortune in property taxes? Don’t buy a home in New Jersey. There, we said it. The Northeastern state, home of failed presidential contender/overeager Trump supporter Gov. Chris Christie, has the nation’s highest state real estate taxes of 2016, according to WalletHub. That means residents are ... Read More »
What’s a millennial pushing 30 to do? Apparently, leave the fun, the fantasy, the pace, and the possibilities of big-city living far behind and buy a home … out in the burbs. Just 17% of buyers under the age of 35 closed on urban residences, down from 21% a year earlier, ... Read More »
Fewer homes were sold last month as the lack of properties bearing those familiar “For Sale” signs continued to keep prices high. Sales dropped 7.1% from January to a total seasonally adjusted 5.08 million, according to a recent report from the National Association of Realtors®. But they were still up ... Read More »
Where will the most homes be sold this spring? In the Midwest, the latest numbers show. All across the U.S., buyers were snapping up homes, pushing the number of residences under contract for sale in February 29% higher than January, theNational Association of Realtors® reported on Monday. That’s looking at ... Read More »
Embrace the saying “It’s too soon to tell.” This powerful mantra applies to virtually all situations and can keep emotions at bay when stress arises. Finally, look outside of real estate for inspiration and guidance. Adopt the Seven Da Vincian Principles of curiosity, demonstration, sensation, smoke, art and science, the ... Read More »
