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Real Estate
New Study Breaks Down Renters’ Changing Habits New Study Breaks Down Renters’ Changing Habits
New Study Breaks Down Renters’ Changing Habits A new national survey reveals that more Americans are putting down roots in their rentals, transforming temporary units into true homes.  According to research by Talker Research for Lemonade, a digital insurance company, today's renters are staying put longer and developing new habits around their living spaces. The study, which polled 2,000 Americans, highlights a rise in long-term tenancy.  Nearly a third of renters surveyed have spent years in the same unit, with baby boomers (41 percent) and Gen Xers (28 percent) most likely to stay for the long haul. In fact, 62 percent sai…

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by Joe Lombardi
Real Estate
Home Sales Tumble As Prices Set Records: Here's Why Home Sales Tumble As Prices Set Records: Here's Why
Home Sales Tumble As Prices Set Records: Here's Why US home sales dropped more than expected in June as buyers pulled back amid record-high prices and mortgage rates that have stayed high. Sales of previously owned homes fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS. Analysts had predicted just a 0.7% drop, CNBC reported. The median sales price nationwide rose 2% from June 2024 to $435,300, setting a new record. The report reflects contracts likely signed in April and May, when the average 30-year mortgage rate hovered above 6.8% and briefly topped 7%, according to M…

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by Chris Spiker
Real Estate
Inside The Mansion Tax: Why Selling A House In New Jersey Just Got Way More Expensive Inside The Mansion Tax: Why Selling A House In New Jersey Just Got Way More Expensive
Inside The Mansion Tax: Why Selling A House In New Jersey Just Got Way More Expensive New Jersey’s luxury real estate market was thrown into turmoil after lawmakers passed a sweeping mansion tax bill on Monday, June 30, shifting the state’s high-end realty transfer fee from buyers to sellers and adding steep new tiers up to 3.5%. Under the new law, Assembly Bill 5804, sellers of homes over $1 million will absorb what had historically been a 1% buyer-paid fee, with significant increases for higher-value properties. The rates for sellers rises to: 2% over $2 million 2.5% over $2.5 million 3% over $3 million 3.5% over $3.5 million That means a seller of a $4 million home will …

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by Cecilia Levine
Real Estate
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing slowdown. Sales of new single-family homes fell to a seasonally adjusted annual rate of 623,000 in May, the US Census Bureau and Department of Housing and Urban Development said on Wednesday, June 25. That's down 13.7% from April and 6.3% from May 2024. The total also fell far below Wall Street's expectations. The Dow Jones had forecasted 695,000 sales for May, CNBC reported. The actual figur…

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by Chris Spiker
Real Estate
New Jersey Home Listed For $1 — Yes, That's Right New Jersey Home Listed For $1 — Yes, That's Right
New Jersey Home Listed For $1 — Yes, That's Right A Newark home can be yours, as long as you have a dollar to spare. The house at 28 Reynolds Pl. has been listed for $1. And while you probably can't own the home for a simple George Washington, it's created quite a stir on the real estate market. Brendan DaSilva, who listed the 3-bedroom, 2-bathroom home, said he has seen homes suffer from being overpriced, but never saw a listing suffer from being undervalued. "The market dictates value, regardless of the listing," DaSilva, who has sold nearly 1,000 homes, 400 in Newark alone, said. Since the $1 listing went up, DaSilva said he receives …

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by Sam Barron
Real Estate
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…

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by Chris Spiker
Real Estate
Estate Featured In Netflix’s 'Zero Day' Starring Robert De Niro Listed For $15M Estate Featured In Netflix’s 'Zero Day' Starring Robert De Niro Listed For $15M
Estate Featured In Netflix’s 'Zero Day' Starring Robert De Niro Listed For $15M A stunning estate featured as a key filming location in the Netflix thriller series "Zero Day" is now on the market for $15 million. Known as Rabbit Hill, the 22-acre Westchester estate at 842 Sleepy Hollow Road in Briarcliff Manor blends old-world grandeur with modern comfort and cinematic appeal, according to its listing by Compass.  Originally built in 1929 and restored in 2016, the Georgian-style mansion recently served as a principal location for "Zero Day," a political conspiracy drama that aired in February 2025 and stars Robert De Niro, who also co-created the show.  The…

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by Ben Crnic
Real Estate
Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…

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by Joe Lombardi
Real Estate
$6.5M Buys 116-Year-Old Greenwich Mansion — With Private Island, Boats, Stunning Views $6.5M Buys 116-Year-Old Greenwich Mansion — With Private Island, Boats, Stunning Views
$6.5M Buys 116-Year-Old Greenwich Mansion — With Private Island, Boats, Stunning Views Looking for waterfront living with a twist? A stunning home along Long Island Sound that once belonged to a Broadway star is now for sale. It offers a rare chance to own a piece of the Connecticut coast, complete with its own island that you can name.  Built in 1909, the 2,800-square-foot home sits on Rich Island in Greenwich. The half-acre of land is shaded by mature trees and surrounded by breathtaking views of the Sound. The owner can use one of the two boats moored on the private dock that comes with the $6.5 million property to get a closer look.  The property sits o…

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by Josh Lanier
Real Estate
Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life
Zillow To Block Listings That Violate New Rules: Here’s What Gets You Banned For Life Zillow is cracking down on how real estate listings are shared, and agents who break the rules could see their listings blocked from the site for good. Starting June 30, any listing that violates Zillow’s new Listing Access Standards may be permanently removed from both Zillow and Trulia, the company said in a public announcement posted May 20. The standards are based on a simple rule: If a listing is marketed to some buyers, it should be marketed to all buyers, Zillow said. The standards are designed to support transparency and fair access, and mirror the National Association of Realtors’…

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by Cecilia Levine
Real Estate
Iconic CT Hotel Hits Market With No Strings Attached Iconic CT Hotel Hits Market With No Strings Attached
Iconic CT Hotel Hits Market With No Strings Attached A major piece of downtown Hartford real estate is officially up for grabs.  The Capitol Hotel, a nine-story, 96-room property located directly across from Union Station, is being offered for sale with no brand or management ties, making it a blank canvas for new owners. The Capitol Hotel sits at 424-440 Asylum Street and 22 Union Place, right at the edge of the city’s transportation heart, within walking distance of trains and buses and minutes from I-91 and I-84. That access makes it ideal for any new owners considering converting the hotel into apartments or condos.  The hotel …

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by Josh Lanier
Real Estate
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home sales fell for the second straight month in April, dropping to their slowest pace for the month since the global financial crisis more than 15 years ago. Existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of four million homes, the National Association of REALTORS (NAR) said on Thursday, May 22. The median price for an existing home rose to $414,000, setting a new April record and marking the 22nd straight month of annual price increases. Sales hit their slowest April pace since 2009, CNBC reported. They were down 2.0% from April 2024, despite ho…

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by Chris Spiker