NEW YORK CITY — In the shadow of gleaming skyscrapers that symbolize American capitalism’s triumph, a quiet revolution is brewing—and it’s not the kind Wall Street cheers. New Yorkers, squeezed by median rents hovering at $3,400 against household incomes barely…
Browsing: Real Estate
The housing market seems to be stuck in second gear. Mortgage rates eased out to 6.35% this week, though the lowest it has been in nearly a year, but affordability remains mostly tight. Moreover, July existing-home sales ran at 4.01 million SAAR,…
Few people in Canada had heard of Ruby Liu when she emerged this year with an ambitious plan to reinvent dozens of shuttered Hudson’s Bay Co. outlets, the remnants of a bankrupt department store chain that’s played an outsize role in…
About 20 miles north of Midtown Manhattan, the city of New Rochelle, NY—home to roughly 85,000 residents—has quietly rewritten the housing playbook, making it a rare example of a suburb where added supply has actually stabilized and even reduced rents. While…
In one of the largest residential real estate transactions in Los Angeles history, former Google CEO Eric Schmidt has purchased the iconic Spelling Manor—a 56,000-square-foot mega-mansion once home to late TV magnate Aaron Spelling—for $110 million, as first reported by…
Real estate mogul and billionaire Charles Cohen is now embroiled in a high-stakes legal battle that could strip him of a lavish portfolio of luxury assets, including his prized superyacht, multimillion-dollar car collection, and an expansive vineyard estate in France.…
Former Douglas Elliman CEO Dottie Herman and Stew Leonard’s President and CEO Stew Leonard Jr. speak with Fox News Digital about their opposition to NYC mayoral candidate Zohran Mamdani’s policies. (Fox Business) NEW YORK CITY — As Democratic Socialist Zohran Mamdani…
In the ever-intensifying race among U.S. states to attract wealthy homebuyers, Wyoming has quietly emerged as a powerful player—and its strategic edge is paying off. Thanks to a combination of ultra-friendly tax policies, flexible estate planning laws, and jaw-dropping real…
The Sunshine State is once again capturing the attention—and investment—of New York’s wealthiest. In the wake of Zohran Mamdani’s surprise victory in New York City’s mayoral primary, real estate firms in Florida are reporting a 50% surge in inquiries from high-net-worth individuals and investors…
Seize deteriorating apartment buildings run by negligent landlords. Stop spending on new homeless shelters. Build apartments on church campuses and golf courses and on top of libraries. In the race to be New York City’s next mayor, few issues have generated…
