residential real estate

Exclusive | Kareem Abdul-Jabbar’s former home lists for $2.99 ​​million — with features still adjusted for his height

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Exclusive | Kareem Abdul-Jabbar's former home lists for $2.99 ​​million — with features still adjusted for his height

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

How the Fed’s rate cut could affect new home construction — and what it means for buyers

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How the Fed's rate cut could affect new home construction — and what it means for buyers

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

Boomers own 38% of America’s homes — but more than half never plan to sell

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Boomers own 38% of America's homes — but more than half never plan to sell

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

Buying a home in some popular Florida cities is now cheaper than renting — as mortgage rates drop and markets cool

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Buying a home in some popular Florida cities is now cheaper than renting — as mortgage rates drop and markets cool

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

Exclusive | Billy Joel’s $49.9 million Long Island estate is back on the market after a five-year renovation

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Exclusive | Billy Joel's $49.9 million Long Island estate is back on the market after a five-year renovation

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

Diddy knew how to pay the $19 million mortgage on the Miami mansion before he was arrested in the sex-trafficking scandal

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Diddy knew how to pay the $19 million mortgage on the Miami mansion before he was arrested in the sex-trafficking scandal

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

Exclusive | A rare NYC home with a private pool overlooking Central Park is listed for $40 million

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Exclusive | A rare NYC home with a private pool overlooking Central Park is listed for $40 million

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

Want to buy a new home but keep your interest rate low? Try this simple mortgage hack

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Want to buy a new home but keep your interest rate low? Try this simple mortgage hack

High interest rates are one of the most significant hurdles buyers face when jumping into the housing market right now. As anyone who has bought a home in recent years knows, interest rates have more than doubled since 2020. For a 30-year fixed-rate mortgage, you’re looking at an average interest rate of somewhere between 6% … Read more

Do you have an adjustable rate mortgage? The clock is ticking, here’s what you need to do now

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Do you have an adjustable rate mortgage? The clock is ticking, here's what you need to do now

Today’s high interest rates have created a ticking time bomb for many homebuyers who took out an adjustable-rate mortgage near the start of the COVID-19 pandemic. About 330,000 homeowners who took out an ARM in 2019 have already seen their five-year fixed-rate term end, and another 100,000 will join them next year, according to ICE … Read more

Millionaires are increasingly renting instead of buying

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Millionaires are increasingly renting instead of buying

These well-heeled renters could easily afford to become homeowners, but they simply would prefer not to. For most Americans, it’s finances that hold them back from buying property — but among the ultra-wealthy elite, for whom money is hardly an object, there’s a growing preference for renting over buying. Over the past 15 years, the … Read more