Money, Wealth & Power—A Daily Look at the Financial World
In a city where power is usually measured in votes and committee assignments, a single real estate deal just reset the scoreboard. Washington Commanders owner Joshua Harris and his wife, Marjorie, have paid $28 million for Halcyon House in Georgetown, setting a new record for the most expensive home sale in Washington, DC. The price…
A luxury duplex on the Geist Reservoir in Indiana was supposed to be a showcase of waterfront living. Instead, it is now the subject of a court order that says the nearly $2.2 million structure must be torn down because the developer ignored homeowners association rules. The case has become a vivid example of what…
Nearly 1,000 California homes and other properties are being pushed toward public auction after years of unpaid taxes, turning delinquent bills into a wave of forced sales that will ripple through local housing markets. The largest single batch is in Riverside County, where tax-defaulted parcels, including houses in suburban communities, are being lined up for…
NYC Mayor Zohran Mamdani is hailing a $2.1 million settlement with one of New York City’s biggest landlords as a turning point for tenants who say they have endured years of dangerous neglect. The deal, which targets A&E Real Estate and associated owners across 14 buildings, arrives after residents described broken elevators, chronic leaks and…
Buying into the very top of the U.S. housing market now means confronting zip codes where a single-family home can cost $9,500,000 just to get in the door. The priciest pockets of America cluster around Silicon Valley, the Hamptons, and elite New York enclaves, where scarcity and status keep prices elevated. I focus here on…
The stately white mansion that signaled Will Smith’s arrival in “The Fresh Prince of Bel-Air” is officially for sale, opening a rare window into one of television’s most recognizable homes. Hitting the open market for the first time in 48 years, the property is being positioned as both a luxury estate and a once-in-a-generation piece…
Buying a home on a tight income means every dollar you keep is a dollar that can go toward your down payment, closing costs or emergency reserves. Drawing on frugal strategies from Austin Williams, I focus here on practical ways to stop lifestyle spending from quietly wrecking your home-buying budget. Each hack is about living…
Mayor Zohran Mamdani entered office promising to treat New York City’s housing market as a public good, not a speculative playground, and his first big legal test has arrived faster than many expected. A federal bankruptcy judge has now refused his administration’s attempt to step into a major portfolio sale of rent-stabilized buildings, handing Mamdani…
New York City’s new housing regime is taking shape around a partnership that many landlords see as a warning sign and many tenants view as overdue course correction. By elevating Cea Weaver, a veteran organizer who has spent years attacking the city’s speculative real estate model, Mayor Zohran Mamdani is turning his campaign rhetoric into…
Florida’s shoreline is crowded with famous destinations, but real estate agents are increasingly steering long-term buyers toward a smaller group of beach towns they believe could look very different in five years. Based on their forecasts, Fernandina Beach, Anna Maria Island, Captiva, Siesta Key and Indian Shores stand out as places where today’s purchase could…