WASHINGTON — The Supreme Court on Wednesday ruled that the structure of the agency that oversees mortgage giants Fannie Mae and Freddie Mac violates separation of powers principles in the Constitution. White House press secretary Jen Psaki told reporters that the […]
NEW YORK — Two studies released Wednesday found that the nation’s housing availability and affordability crisis is expected to worsen significantly following the pandemic, likely widening the housing gap between Black, Latino and white households, as well as putting homeownership […]
LOS ANGELES — A gigantic Los Angeles mansion built in 1991 for the late producer Aaron Spelling and his widow has been sold for $119.75 million. The Los Angeles Times says the sale that closed Tuesday is the highest home […]
WASHINGTON — U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half. The declining rates have been a boon to potential […]
WASHINGTON — Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers. The Commerce Department said Thursday that […]
WASHINGTON — U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors said Tuesday that existing homes sold at a seasonally adjusted annual rate of […]
WASHINGTON (AP) — The number of homes being built in December plunged to the lowest level in more than two years, a possible sign that developers are anticipating fewer new houses to be sold this year. The Commerce Department said […]
SAN JOSE, Calif. — Two cats are living large at a $1,500-a-month studio apartment their owner rents for them in Silicon Valley, where a housing shortage has sent rents skyrocketing. The Mercury News reports the 20-pound (9-kilogram) cats named Tina […]
SHANGHAI — A luxury hotel opening outside Shanghai is offering guests with deep pockets the chance of a very deep sleep. The 18-story Intercontinental Shanghai Wonderland Hotel has been built into the side of a huge hole in the ground […]
WASHINGTON — U.S. home construction fell 5.3 percent in September, a sign that recent hurricanes and rising mortgage rates may be weighing on the market. The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted […]
WASHINGTON — U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of […]
WASHINGTON — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of […]
WASHINGTON — U.S. home sales slid 3.6 percent in December, as rising prices and a declining number of available properties stifled purchases. The National Association of Realtors said Wednesday that sales of existing homes fell last month to a seasonally […]
ATLANTIC CITY, N.J. — Donald Trump wrote “The Art Of The Deal,” but it was Florida’s Seminole Indians who made a truly amazing deal to buy the opulent casino built by the man who is now president of the United States. […]
NEW YORK — Apprentices no more, Eric and Donald Trump Jr. are now at the helm of the Trump Organization and adjusting to the reality presented by their father’s presidency. They’re eyeing ways to use the new lease on the […]
NEW ORLEANS — Brad Pitt and Angelina Jolie have sold their home in New Orleans’ French Quarter. Documents filed with the Land Records Division of the Orleans Parish Clerk of Court’s Office show the property sold for $4.9 million. Pitt […]
WASHINGTON — Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, as low mortgage rates and a steady job market are fueling a real estate surge. New-home sales jumped 12.4 percent […]
LOS ANGELES — The deal is done, and the Playboy Mansion has a new owner. Daren Metropoulos, who lives next door, said Tuesday that escrow has closed on his $100 million purchase of Hugh Hefner’s man cave. But the 33-year-old […]
NEW YORK — The World Trade Center’s newest, $2.5 billion skyscraper reached its full 80 stories Thursday — one of three high-rises now up at the site, with one more to go. Almost 15 years after the twin towers collapsed, […]
Republican presidential candidate Donald Trump’s eponymous business seminar program created a class to teach students how to cash in on U.S. mortgage foreclosures during the housing crisis. Trump University promised in 2009 that its “Fast Track to Foreclosure Investing” would […]
NEW YORK — Billionaires’ Row. That’s what New York real estate experts have dubbed a lineup of a half-dozen new superluxury skyscrapers overlooking Central Park that are home to some of the world’s most expensive apartments. One penthouse on the […]
LOS ANGELES — The Playboy Mansion is up for sale but longtime resident Hugh Hefner wants to stay put. Playboy Enterprise announced the West Los Angeles estate, the backdrop of many film shoots and wild parties, was listed on Monday […]
WASHINGTON — For most of a decade, Bayrock Group LLC partnered with Republican presidential candidate Donald Trump and other developers on luxury real estate deals. For many investors, lenders and condo buyers the Bayrock deals ended in losses — and […]
WASHINGTON — More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That’s the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that […]
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