Industry News

By Elizabeth Renter, NerdWalletBuying a home is no walk in the park— and in today’s market, it’s especially challenging for first-time buyers. Although inflation-adjusted list prices decreased slightly in the first quarter of 2025, interest rates rose. For the vast majority of first-time home buyers who depend on a loan for their home purchase, this

By MATT OTT, AP Business WriterWASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. fell this week for the first time in a month, but borrowing costs for homebuyers remain elevated. The long-term rate dipped to 6.85% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the

This week’s properties are on the Lower East Side, in the garment district and in Spuyten Duyvil.Carli BirylaCarli BirylaCarli BirylaCarli BirylaCarli BirylaCarli BirylaCarli BirylaCarli BirylaCarli BirylaCarli BirylaManhattan | 148 Attorney Street, No. PHLower East Side Condo$2.495 millionA two-bedroom, two-bath, 1,255-square-foot penthouse apartment with an open floor plan, a breakfast bar, a primary suite with a

In the wake of the devastating Eaton fire that tore through Altadena in January, hundreds of signs sprouted up in the ash-laden yards of burned-down homes: “Altadena Not for Sale.”The slogan signified a resistance toward outside investors looking to buy up the droves of suddenly buildable lots. But as the summer real estate market kicks

Peter Kostmayer and Doug Hirn usually had a few friends around the city who owned second homes in pretty places. Not being outdoor types, they weren’t sure if it was something they wanted to try.“We thought it looked like a lot of work,” said Mr. Hirn, 48. “We also didn’t know how much we would

Sales to international buyers fell to 10 percent of transactions last year, a steep decline from 50 percent in 2018.Foreign buyers have long powered South Florida’s condo market, but many are now pulling out because of high interest rates, expensive prices and, more recently, restrictive immigration policies.The Miami Association of Realtors reports that home sales

This week’s properties are a six-bedroom house in Rockville Centre, N.Y., and a two-bedroom condo in New Canaan, Conn.Daniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel Gale Sotheby's International RealtyDaniel