Real Estate/Property – Page 2

Stephen Sondheim’s Longtime New York Home Sells for $7 Million

28Nov

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World

Stephen Sondheim’s Longtime New York Home Sells for $7 Million

Listen to article(2 minutes)Stephen Sondheim’s longtime New York City townhouse has sold for $7 million, according to listing agent Michael Franco of Compass.Franco declined to name the buyer, but said the purchaser is a Sondheim fan based in New York City who plans to make the Midtown townhouse his primary residence. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Bank of America Fined $12 Million by CFPB Over Mortgage Data Reporting

28Nov

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World

Bank of America Fined $12 Million by CFPB Over Mortgage Data Reporting

The U.S. Consumer Financial Protection Bureau has fined Bank of America $12 million for allegedly submitting inaccurate mortgage lending information to the federal government.The agency said Tuesday that the bank’s loan officers failed in some instances to ask mortgage applicants certain federally required demographic questions, including about race, ethnicity and sex, but incorrectly reported that the applicants had opted not to respond to those questions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Bausch + Lomb CEO Brent Saunders Pays $35.35 Million for Cher’s Former Miami Beach Home

28Nov

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World

Bausch + Lomb CEO Brent Saunders Pays $35.35 Million for Cher’s Former Miami Beach Home

By E.B. Solomont Nov. 28, 2023 1:25 pm ETListen to article(2 minutes)Bausch + Lomb CEO Brent Saunders has purchased Cher’s former waterfront home in Miami Beach, Fla., for $35.35 million.The La Gorce Island home, which Cher owned in the 1990s, hit the market three months ago for $42.5 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

28Nov

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Money

The Price Is Wrong for Housing

Nov. 28, 2023 10:34 am ETLower rates would make U.S. houses more affordable, just not affordable enough.The pandemic set off a flurry of demand for housing. Americans’ newfound desire for space, the padding of U.S. household finances from government relief checks, and sub-3% mortgage rates were a potent mix that sent home prices skyward. Now the buying frenzy has passed and, with mortgage rates at their highest levels in over 20 years, not many homes are getting sold at all.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How the $1.8 Billion Real-Estate Commissions Lawsuit Came to Be

26Nov

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World

How the $1.8 Billion Real-Estate Commissions Lawsuit Came to Be

The litigation that could end up changing how millions of Americans buy and sell homes was hiding in plain sight for three decades. The current set of rules governing how agents are paid, which effectively mean sellers are the ones who set compensation for buyer agents, date to the 1990s. Those rules have come under significant scrutiny, particularly as commissions have remained around 5% to 6% of the sale price even as home values have skyrocketed and many buyers do more of the work finding a home themselves online. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?

25Nov

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World

Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?

Utilities across the country are trying to boost spending to maintain aging natural-gas pipelines. Regulators in some Democratic states seeking to limit gas use are saying not so fast.Companies including PG&E, Consolidated Edison and Public Service Enterprise Group have proposed investing billions of dollars to bolster their pipeline networks, which will remain in use for years even as more customers use electricity to cook and heat their homes. They say such spending is necessary in part to maintain safety and reliability as they work to shrink their gas systems over time. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Black Friday Deals Started Early, and Shoppers Were Choosy

25Nov

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World

Black Friday Deals Started Early, and Shoppers Were Choosy

Updated Nov. 24, 2023 6:16 pm ETMillions of Americans visited stores on Black Friday but retailers are bracing for shoppers who are less willing to splurge this holiday season.Many households have already begun their gift buying in a year when high prices for food and other essentials have sapped demand for apparel, home décor and other items people might want but not need.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Return to Work Is Coming for Your Pandemic-Era Home

23Nov

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World

Return to Work Is Coming for Your Pandemic-Era Home

Listen to article(2 minutes)After three years of living in her dream home in a Texas community called Rocky Creek Ranch, Donna Rutter is giving it up to move closer to the accounting firm she bought in the nearby city of Fort Worth.Rutter spent most of her 30-year career as a CPA for large firms in Dallas and Fort Worth. Even before Covid, she had a work style that allowed her some flexibility. She didn’t have a central office she went to every day, but she had clients she traveled to visit on site. That schedule allowed her to build a home in Rocky Creek, about 20 minutes from downtown Fort Worth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How to Create a Soulful but Up-to-Date Kitchen

22Nov

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World

How to Create a Soulful but Up-to-Date Kitchen

DON’T LET the exposed brick fool you. Until recently, this vibrant kitchen in Bedford-Stuyvesant, Brooklyn, was dingy, dull and stripped of original details—the victim of a hit-and-run renovation that removed every bit of character from the circa-1900 row house, says architect-designer Sarah Jacoby. The upshot? In 2022, when the new owners, an education administrator and a New York City ferry captain, enlisted Jacoby to restore some soul to the space, the bland box became the perfect blank slate on which to let their imaginations go wild.Step one? Reintroducing structure and a sense of craftsmanship via a swath of handmade Shaker-style cabinetry from deVOL, a U.K. firm beloved for their traditional benchmade joinery. Hand-painted in vivid Scullery Yellow, the cupboards strike the ideal ba...

Washington Quietly Scrapped a Plan to Save Homeowners Thousands of Dollars

22Nov

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Money

Washington Quietly Scrapped a Plan to Save Homeowners Thousands of Dollars

WASHINGTON—The Biden administration pushed to save homeowners thousands of dollars in closing costs on certain mortgages, part of a broad effort to slash fees and save Americans money. Objections from an obscure industry and from lawmakers helped kill the plan.Government-controlled mortgage giant Fannie Mae was preparing this summer to finalize a program to test out eliminating one of the biggest fixed costs associated with closing on a mortgage: title insurance. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8