A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
For U.S. homeowners, the bad news in 2018 has been mounting, with rates on the rise and swaths of the real estate sector turning into a buyer's market. In some of the country's hottest segments, price gains have cooled definitively, with prices slashed and turnover stagnating.
The phenomenon has even been chronicled on Instagram by an account called Cheap Old Homes, underscoring how many gems have suddenly become (relatively) more affordable, depending on the location. In softer markets like formerly white-hot Seattle, 22 percent of listings are at a reduced price and—for the first time in four years – a buyer was able to negotiate to buy house for less than the listed price.
The rising inventory and falling prices means that discerning buyers can score deals on high-end property, for less than they could have otherwise. Recently, CNBC canvassed a few markets where luxury prices have dropped. In five major cities cited by Realtor.com, prices on luxury properties are now considerably lower than the firm's luxury price index, which feature homes in the top 5 percent of that market's range.
15 Central Park West is located in an exclusive Manhattan enclave that features a private restaurant that's only for residents, a 14,000 square foot fitness facility and a large swimming pool. On the 28th floor sits a 3 bedroom, 4 bathroom unit that's selling for $26.9 million – a price tag that's dropped by nearly $2 million in the last month.
In Austin, new builds like this $569,000, over 1,500 square-foot house have helped ease a tight housing market more toward the buyer's favor. In a relatively compact footprint, this "modern farmhouse" feels spacious with soaring ceilings, three bedrooms and two full baths, plus one half bath.
Earlier this year, a slump in Southern California home sale was deemed a warning sign to the rest of the country. Maybe that's why one can find this level of luxury in Del Rey at $1.7 million — which is $300,000 below the average Los Angeles luxury home. In the 2,162 square feet new-build contemporary are three bedrooms and three full baths plus one half bath: It also includes niceties like wide-plank floors, skylights, and a fireplace.
In terms of space-challenged Manhattan real estate, this $1.1 million brownstone co-op in the Carnegie HIll area on the Upper East Side hits all the right notes. It has ample room (for one person or couple, that is), exclusive outdoor space, and even a functional, onyx-framed fireplace. A private garden makes any smaller residence feel larger, and there's a lot to love at a price tag that's nearly $300,000 below New York City's average luxury price around $1.4 million.
In a luxury Miami high-rise, water views are a must. This $730,000 high floor condo apartment on ritzy Brickell Avenue is 1,500 square feet, and delivers on panoramic Miami views with floor-to-ceiling windows in the living room and both bedrooms. A balcony spans the three rooms-with-views.