The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
While the vast majority of the housing market continues to recover in fits and starts, the highest end is in high gear. Sales of million- and multimillion-dollar homes, which account for less than 2 percent of the market, are soaring. Contrary to popular belief, it is not all foreign cash fueling the frenzy.
"Eighty percent of the New York City market is driven by the New York City economy," said Will Zeckendorf, a real estate developer and owner of Halstead Property, a real estate brokerage firm, in a recent interview on CNBC. Zeckendorf is about to list a triplex penthouse in his new building at 520 Park Avenue. Asking price: A record $130 million.
The same could be said of the high end in the land of high tech. Supply-constrained San Francisco boasts a median home price of about a million dollars, five times the national median value. That makes the ultra-high end even more commonplace. Prices are driven entirely by the local economy.
So why is the high end doing so well now nationally? It could be the soaring stock market, or a generally better sentiment about the overall economy. It could also be as simple as more high-end listings.
The number of for-sale listings in the top tier of the market are up 82 percent compared to a year ago, while overall inventory is up just 16 percent, according to a report in November from Zillow, a real estate company.
Whether you're in the market for a multimillion-dollar mansion in the sky and/or on the shore, or whether you just love real estate porn, check out CNBC's latest for its Million Dollar Home Series: Most expensive house edition.