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Real Estate
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home sales fell for the second straight month in April, dropping to their slowest pace for the month since the global financial crisis more than 15 years ago. Existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of four million homes, the National Association of REALTORS (NAR) said on Thursday, May 22. The median price for an existing home rose to $414,000, setting a new April record and marking the 22nd straight month of annual price increases. Sales hit their slowest April pace since 2009, CNBC reported. They were down 2.0% from April 2024, despite ho…

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by Chris Spiker
Real Estate
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn
Spring Housing Market Slumps Under Trump's Tariffs, Builders Warn Homebuilders are warning about a slow spring due to President Donald Trump's sweeping tariffs and high interest rates, according to a new survey. Builder confidence dropped sharply in May, falling to 34 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, May 15. That's down six points from April, matching the low from November 2023 and marking the worst reading since December 2022. In the Northeast, sentiment slipped three points to 44 on a three-month moving average. A score above 50 means more builders see conditions as good than p…

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by Chris Spiker
Real Estate
‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M ‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M
‘Jersey Shore’ Star Angelina Pivarnick Is Selling Her NJ Home For Just Under $1.8M Angelina Pivarnick, one of the original cast members of MTV’s "Jersey Shore," has listed her New Jersey mansion — and it’s going for a cool $1.799 million The four-bedroom, five-bathroom home sits at 3 Bowers Drive in the exclusive Clayton Farms community of Freehold. Pivarnik reportedly moved into the house in 2021. According to the listing, the home spans over 5,500 square feet and sits on a 1.1-acre premium lot. It's packed with high-end finishes — including a custom resort-style yard with a pool. The home, listed by Aleksandr Pritsker of EXP Realty, features a butterfly staircase, two-…

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by Cecilia Levine
Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…

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by Chris Spiker
Real Estate
Trump Administration Selling Off 79 'Non-Core' Federal Spaces In Maryland Trump Administration Selling Off 79 'Non-Core' Federal Spaces In Maryland
Trump Administration Selling Off 79 'Non-Core' Federal Spaces In Maryland The Trump administration is putting some of the largest and most well-known federal buildings up for sale. The move is all in an effort to eliminate waste, slash maintenance costs, and reinvest in more efficient spaces, according to the U.S. General Services Administration (GSA). Officials have identified hundreds of "non-core properties" totaling millions of square feet that no longer serve essential government functions and are now up for grabs. “Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces,” federal officials said. “Disposing of the…

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by Zak Failla
Real Estate
Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore' Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore'
Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore' A sprawling, luxury Baltimore waterfront mansion once owned by controversial Oscar-winning actor Kevin Spacey is back on the market—this time with a $6 million price tag. Dubbed "The Icon of Baltimore," according to its listing, the palatial 9,069-square-foot residence at 622 Ponte Villas N in the city’s exclusive Harborview community is up or sale at $5,999,000. 622 Ponte Villas N #162/163, Baltimore Derek & Vee Photography The six-bedroom, nine-bathroom home is anchored at the end of a pier, offering privacy, prestige, and panoramic views of Baltimore’s Inner Harbor, with the …

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by Zak Failla
Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…

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by Chris Spiker
Real Estate
NBA Star's Former Maryland Mansion Listed At $11M (PHOTOS) NBA Star's Former Maryland Mansion Listed At $11M (PHOTOS)
NBA Star's Former Maryland Mansion Listed At $11M (Photos) A Maryland mega-mansion once owned by former Washington Wizards star Bradley Beal has hit the market for a cool $11 million—and it’s got everything a baller could want, including a full-size indoor basketball court he built himself. Located in the exclusive Avenel community, the 14,900-square-foot estate at 8913 Holly Leaf Lane in Bethesda sits on two acres and is packed with luxury amenities, from a resort-style pool and spa to a private tennis court and fire pit area. The home is listed with Washington Fine Properties. Beal, now with the Phoenix Suns, transformed the home during his DC da…

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by Zak Failla
Real Estate
Look Inside Brand-New Luxury Condos Coming To North Bethesda Look Inside Brand-New Luxury Condos Coming To North Bethesda
Look Inside Brand-New Luxury Condos Coming To North Bethesda Homebuyers in North Bethesda have a new upscale option as Tri Pointe Homes officially launches Northpark Lofts, a luxury condo community just steps from the bustling Pike & Rose district. The new development, located inside the Northpark community, is now open for sales, with prices starting in the low $800,000s. The Bellamy home design features between 2,535- and 2,550-square-feet of modern living space, including three bedrooms, two-and-a-half baths, a spacious covered terrace, a private one-bay garage, a large great room, a pocket office, and dual walk-in closets in the primary suite…

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by Zak Failla
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …

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by Chris Spiker
Real Estate
Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players
Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players A stately home in DC's prestigious Kalorama neighborhood may be the perfect spot or a new Cabinet member after it hit the market for $5.8 million.  Dilan Homes has completed a top-to-bottom reimagination and restoration of a popular Federal-Inspired Brick Home that sits in the heart of community, surrounded by homes that have housed some of the rich, famous, and powerful. The listing was posted by Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties. "It is 100 percent gut renovated with an entirely brand new floor plan, …

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by Zak Failla
Real Estate
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report.  Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…

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by Joe Lombardi