real estate

The major county in America where home prices just dropped the most is …

Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there …

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Here’s how to rent the ‘Hocus Pocus’ cottage through Airbnb

Ain’t this some hocus pocus! For the first time ever, the Sanderson sisters are inviting brave souls to book a stay at their “Hocus Pocus” cottage — if they dare. “To commemorate their return in ‘Hocus Pocus 2,’ the Sanderson Sisters are inviting those with a penchant for mysticism to spend a night at their …

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Take no prisoners: In the Fed’s inflation fight, no one is spared

New York CNN Business — Call it the “Take No Prisoners” economy. Recession worries are deepening around the world. Mortgage rates are spiking and housing is stalling. The Dow is at a two-year low and near a bear market. Global central banks are jacking up interest rates with no end in sight until high inflation …

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China zero-Covid: Chinese researchers tread on sensitive ground

hong kong CNN Business — Authorities in Shanghai have denied a report by a leading Chinese real estate research firm that claimed more than a third of shops in a major mall had been shuttered because of strict Covid curbs. The report by China Real Estate Information Corp. (CRIC), published late last month, quickly went …

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Can you avoid that 6% mortgage rate? Here’s what pros think will happen next with mortgage rates

What might mortgage rates look like this month? Getty Images This past week, average 30-year mortgage rates crossed the 6% mark — though many borrowers can still snag lower lower rates than that — after staying below that for most of July and August, Bankrate data revealed. So we asked pros: What will happen next? …

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Olivier Sarkozy sells NYC townhouse for $10.25M

The Manhattan townhouse where the French banker Olivier Sarkozy aimed to live in wedded bliss with former child star Mary-Kate Olsen has sold after a year on the market — and more than a year after the couple finalized their divorce. Sarkozy, the half-brother of former French president Nicolas Sarkozy, parted ways with the gutted …

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Home sale cancellations rise in ‘remarkably uncertain time’

The US housing market is in the midst of a significant pullback, with cooling conditions that have contributed to a spike in home sale cancellation rates, according to the top boss at real estate firm RedFin. RedFin CEO Glenn Kelman noted housing demand plummeted because buyers were “absolutely freaked out” in May and June as …

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Home prices plunging in ‘pandemic boomtowns’ as market slumps

Homeowners in markets that boomed when the real estate sector was red-hot during the COVID-19 pandemic are now forced to slash prices due to dwindling demand, according to data released Monday by Redfin. Across the US, 21% of home sellers dropped their asking prices in July – the highest share since Redfin began tracking the …

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US falls into ‘housing recession’ as mortgage rates, building costs surge

The US housing market has plunged into a full-blown recession as tightened economic policy and surging expenses weigh on home builders. Builder confidence has plummeted for eight consecutive months, marking its worst stretch since the housing market imploded in 2007 in the midst of the Great Recession, according to data released Monday. The National Association …

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This is how much money you need to make per hour to afford rent in NYC

NYC apartment shortage New York City lags far behind other large cities when it comes to housing inventory. There is not enough supply to meet the demand. NEW YORK – A new report reveals the disparity between minimum wage and the cost of an average two-bedroom rental in different US cities. As you would expect, …

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