Millionaires Are on the Move…or Are They?
With cash to spare, millionaires can afford to move anywhere, at any time. Most, however, aren’t racking up frequent mover miles—in fact, they move less than the general population, reveals a recent study by the American Sociological Association. The study uncovered a millionaire internal (within the U.S.) migration rate of 2.4 percent per year, below […]
Housing Starts Bloom in June
Homebuilding rates accelerated in June, surpassing expert forecasts for the month and further fortifying the idea that housing is indeed on the mend. According to the Commerce Department, housing starts rose 4.8 percent from a month earlier to a seasonally adjusted annual rate of 1.189 million in June. However, while both permits and starts improved […]
First-time Buyers Fuel Rise in Existing-Home Sales
First-time buyer activity rose to a four-year high in June, furthering the rise in existing-home sales for the fourth consecutive month, according to the National Association of REALTORS®. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009. Total existing-home sales, which […]
After Foreclosures, Home Buyers Are Back
Many who lost their homes during the early part of the financial crisis are rebounding after credit-penalty phase.
Fannie, Freddie to Lower Fees
The Federal Housing Finance Agency is set to direct Fannie Mae and Freddie Mac to reduce mortgage fees on some borrowers.
Avison Young Hires Big to Accelerate Growth in New York
A. Mitti Liebersohn has left his longtime brokerage team at JLL to join Avison Young’s New York office.
What’s the Deal: News Digest
A roundup of real-estate news in the Greater New York area.
Westchester’s Priciest House Is Listing For $29.5 Million
The 98-acre property in Mount Kisco, N.Y. was once owned by showman Billy Rose
Advantages of a One-of-a-Kind Home
Homes with a special feature that is no longer allowed under local building rules may give owners an edge when it’s time to sell.
The French Riviera at a Bargain
There are rare deals in glittering Cap d’Antibes, the onetime party spot of F. Scott and Zelda Fitzgerald.
