US existing home sales fell more than expected in August as home prices remained elevated despite continued improvement in supply. Home sales fell 2.5% last month to a seasonally adjusted annual rate of 3.86 million units, the National Association of Realtors said Thursday. Economists polled by Reuters had forecast home resales to fall to a … Read more
The Manhattan penthouse associated with convicted Chinese fraudster Guo Wengui is back on the market for $24 million, according to a StreetEasy listing update — a surprising drop from the original asking price of $86 million. Guo is also known by his real name, Ho Wan Kwok, or Miles Kwok. In any case, Guo was … Read more
During the COVID-19 pandemic, low interest rates fueled a home-buying frenzy as the national housing supply struggled to keep pace. The result? Rising prices for existing homes coupled with record low levels of housing stock. This shortage created an opening for new homes in the housing market to meet demand and offer modern conveniences, energy … Read more
A beautiful California mansion that once belonged to basketball legend Kareem Abdul-Jabbar has been listed for $2.99 million, The Post has learned. The Los Angeles County property, which Abdul-Jabbar called home from 2011 to 2021, has a number of customizations to better suit the now 77-year-old former Los Angeles Laker. “This particular property offers custom … Read more
Homebuyers hoping for a flood of homes to hit the market from aging baby boomers may be disappointed by the results of a new survey. Among boomers who own homes, 54% say they never plan to sell the home they live in, according to a survey by Clever Real Estate. Now in the age range … Read more
Finally a loan? With mortgage rates at their lowest level since early 2023 and the nationwide housing inventory up 22% from a year ago, it may be time for renters spooked by the market in Florida and other vacation destinations. The Sun Belt should consider getting on the property ladder, experts say. New analysis released … Read more
The former Goldman Sachs headquarters on Wall Street will soon welcome new tenants after a residential conversion — with tenants paying up to $10,000 a month to secure their corner office in the Financial District. The skyscraper at 55 Broad St. — which served as Goldman’s home from 1967 to 1983 as it became a … Read more
Billy Joel is once again looking for a buyer for his sprawling Long Island estate, reselling the luxury property for $49.9 million after a five-year, multimillion-dollar renovation, The Post has learned. Billy Joel is putting his Long Island estate back on the market for a whopping $49.9 million after a five-year renovation. 500centerisland.com Known as … Read more
Sean “Diddy” Combs saw the writing on the wall — and he wasn’t taking any chances. Just before the hammer dropped on a federal sex-trafficking lawsuit, the hip-hop heavyweight quietly paid off the $18.8 million mortgage on his lavish $48.5 million Star Island mansion. The payment, made in anticipation of impending criminal charges, was revealed … Read more
If you want to make a splash, of course you’ll need some cash. A $40 million unit with its own private pool overlooking Central Park is available at Aman Residences in Manhattan, The Post has learned. This ultra-luxurious pillow is part of the brand’s much-anticipated New York debut, located in the historic Crown Building on … Read more