Design board OKs 58-story downtown tower with changes

Designs for the $600 million project show a tapered tower rising at Union Street and Fourth Avenue to 850 feet.

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Reports: Average Manhattan home price is over $1.8 million

NEW YORK (AP) — The average sales price of a Manhattan apartment has eclipsed $1.8 million — a new high. The appraisal firm Miller Samuel says in a report for Douglas Elliman Real Estate that its figure — $1.87 million — compares to $1.77 million reached in the first quarter of last year. The Corcoran...

Fox News launching real estate program

NEW YORK (AP) — Watch out, HGTV. Fox News Channel is getting into the real estate television business. The network announced that it will debut a new weekend series, "Bob Massi is the Property Man," on July 11. Massi is a real estate attorney based in Las Vegas, and Fox says his show will explore...

First-time buyers finding a way back in

The rise in home prices is good news for owners, but renters are being squeezed by the housing gains of owners and buyers. Despite this, there’s been a rising number of first-time buyers.

Average US rate on 30-year mortgage edges up to 4.02 pct.

WASHINGTON (AP) — Average long-term U.S. mortgage rates were mixed this week, marking slight increases or declines but remaining close to high levels for the year. Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage edged up to 4.02 percent this week from 4 percent a week earlier. The rate on...

US new-home sales in May climb to best levels since 2008

WASHINGTON (AP) — Purchases of new U.S. homes surged in the Northeast and West in May, as steady job growth over the past year has lifted the real estate sector. The Commerce Department says new-home sales rose 2.2 percent last month to a seasonally adjusted annual rate of 546,000, the strongest pace in more than...