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White Party Guests Eye Nearby $45M Oceanfront in Bridgehampton
1 day ago•Source: New York Post
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6.07 min•1 day ago
Turn Your Home Inspection Into Negotiation Power for First-Time Buyers
The article guides first-time homebuyers on translating a lengthy home inspection report into a strategic plan: prioritize the big five (roof, foundation, HVAC, electrical panel, plumbing), separate routine maintenance from major issues, and sort findings into buckets—fix it later, ask for credits, think twice—to guide negotiations for seller concessions or closing costs. If repairs strain the budget, you may choose to walk away with solid data. It also emphasizes building a cash buffer for post-inspection fixes and highlights down payment assistance options, such as Progressive’s UpPayment program offering up to $13,500 to eligible buyers.
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MetroLoft Faces Multimillion-Dollar Suit Over Buckling Manhattan Tower
New York Post•2 days ago
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California's first ADU condo sale opens a new path to ownership in San Jose
ABC7 Bay Area•2 days ago
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First ADU condo sale in California signals new path to ownership in San Jose
In San Jose, a 749-square-foot backyard ADU sold for about $530,000, making it the state’s first ADU condominium under Assembly Bill 1033 and pitched by officials as a new route to affordable homeownership in one of the nation’s most expensive housing markets.
Gen Z's Housing Reality: Record Rates Living at Home Delay Homeownership
Gen Z is delaying homeownership with a record share of 25- to 34-year-olds living with parents or grandparents—nearly 20%, about 7.5 million people—as entry costs rise, starter homes shrink, and rents have jumped up to about 30% since 2020. Even many employed young adults face a housing-cost hurdle, not just a weak job market, leading economists to expect Gen Z to catch up to prior generations only once conditions improve.
Manhattan Office Leasing Surges to Two-Decade High, AI Drives Uptick
Manhattan office leasing climbed to 11.02 million sq ft in Q2, 29.4% above the 5-year average and 31.3% above the 10-year average, signaling the strongest demand in more than two decades for the first half of the year, with AI leasing reaching 800k sq ft in Q2, the largest quarterly AI-only increase and surpassing all AI leasing in Manhattan for 2025.
San Francisco Real Estate Goes All-In on IPO Season
San Francisco’s housing market is in a hyper-bidding phase, with 144 homes selling for at least $1 million over asking in the first half of 2026 and May averages about 25% over asking, as buyers rush to secure properties ahead of AI/tech IPOs and lockups. Limited inventory, rising rents, and strong demand in luxury and downtown condos show the market heat shifting from Silicon Valley to San Francisco.
The Luxury Realtor Uniform: Botox, Designer Wardrobes, and the Cost of Perception
Luxury real-estate agents across the U.S. describe spending on Botox, skincare, wardrobes, and styling as part of a professional “uniform” aimed at projecting a high-end image to attract wealthy clients and fuel online branding. The trend is amplified by social media and reality TV, with several agents citing six-figure fashion and skincare investments and others warning that presentation helps open doors but doesn’t guarantee sales.
Permanent bonus depreciation lures high earners into vacation-rental bets
Permanent 100% bonus depreciation lets high-earning investors offset much of a vacation rental’s cost against current income if they actively run the business and meet the material-participation rule. This has spurred a surge in pricey vacation-home purchases as a wealth-building strategy, with upfront tax savings touted as a big upside. However, depreciation is a deferral (not forgiveness), benefits depend on strong cash flow and market viability, and gains can be recaptured on sale or via exchanges; rigorous record-keeping and audit risk accompany the strategy.
DWTS Duo Lists LA Rental for $18K/Month After Florida Move
Peta Murgatroyd and Maks Chmerkovskiy have put their 4,300-square-foot Los Angeles rental on the market for $18,000 per month after moving their family to Florida. The four-bedroom, five-bathroom home features 10-foot ceilings downstairs, unstained cherry kitchen cabinets, a marble island, a secret pantry, a primary suite with a fireplace and balcony, a spa-like bathroom, and a backyard with a pool and covered patio. The listing follows the couple’s tearful move video with their kids Shai, Rio, and Milan, marking a new chapter after years of renting in LA.
The 20% Down Rule Isn’t a Mortgage Must-Have
The idea that you must save 20% for a home is a convention, not a rule: smaller down payments can be viable and even cheaper in the long run thanks to PMI being temporary, with options like conventional loans (as low as 3% down), FHA (3.5%), ARMs, and piggyback loans; pre-approval reveals what you can borrow and what monthly costs look like, while cash reserves for repairs are wise; state programs and UpPayment assistance can help first-time buyers—so run the numbers and consider buying sooner rather than waiting years to hit 20%.
Cash Buyer Snaps Up $18.5M East Side Townhouse in 3 Weeks
A gut-renovated five-story limestone townhouse at 165 E. 64th St on the Upper East Side sold in an all-cash deal to an international financier for about $18.5 million, just three weeks after listing. Developed by Titanium Property Group, the 7,000-square-foot interior includes six bedrooms, six baths, an elevator, a roof deck, gym and pet spa, with 1,900 square feet of outdoor space. The renovation, which reimagined the brownstone into a modern limestone facade, faced preservation constraints as the property sits within the East 64th Street Historic District, east of Lexington; the sale underscores strong townhouse demand driven by remote-work-era desire for space and privacy.
Penn Station overhaul advances with pre-development pact and $7–8B budget
Amtrak and Penn Transformation Partners signed a pre-development agreement to push Penn Station’s overhaul toward a final design and a detailed budget estimated at $7–8 billion, with a 2027 completion window for the pre-development phase and ongoing community engagement. Led by Amtrak’s Andy Byford and Penn Transformation Partners (Halmar/Skanska) under Vishaan Chakrabarti’s design, the plan would relocate the main entrance to Eighth Avenue, wrap Madison Square Garden into a circular form atop the terminal, and replace the current maze of ticketing and corridors with a single, daylight-flooded concourse with shops and services. Madison Square Garden would stay atop the station, and federal DOT funding supports the project as momentum toward construction builds.