Trump's Advice for Today's Economy: Buy Real Estate

Donald Trump has never been shy about offering his opinions or advice. Whether it's how to manage finances and money, or confronting a celebrity, the real-estate mogul and reality-TV star seems eager to let people know just what's on his mind. ...

Manhattan Apartment Rents Fall as Unemployment Rises

Manhattan apartment rents fell as much as 5.9 percent in March from a year earlier as a record jump in unemployment damped demand, Citi-Habitats Inc. said. ...

New York Area Home Prices to Fall 15%

Home prices in the New York City metropolitan area will fall as much as 15 percent as Wall Street firms cut jobs and slash bonuses, according to Kenneth Rosen, an economist at the University of California, Berkeley. ...

New York adds interest to Trump's bill

New York State officials said developer Donald Trump would be charged interest on unpaid rent for Jones Beach property designated for a stalled project. ...

Madonna buys $40m New York townhouse

With its 26 rooms and 3,000 sq ft garden, Madonna's new Manhattan mansion is probably bigger than a Malawian orphanage...

Six developers try selling condos in bulk

With homebuyers becoming increasingly scarce, desperate sellers aim to tap the interest of real estate investors with bundled apartment units and reduced prices....

U.S. Homebuilder Confidence Rises to Six-Month High

Confidence among U.S. homebuilders in April increased to the highest level since October, a sign low lending rates and government efforts to stabilize the housing market may be putting a floor on the industry’s slump....

Obama launches mortgage rescue plan

First participants in the Treasury Department's program to help homeowners avoid foreclosure include some of the nation's largest banks....

Foreclosure filings jump 24%

March and first-quarter total filings were the highest monthly and quarterly totals on record. Repossessions fall 3%....

Home sales in Brooklyn, Queens fall off cliff

The number of sales is more than halved in first quarter over the same period in 2008....

Half of Queens Homes Now Selling Below $400K

For the first time since at least 2005, half the apartments and houses in Queens cost below $400,000. ...

Tentative deal for NY's Starrett City

Starrett City Associates are meeting Thursday with tenants and elected officials to explain a plan to preserve affordable housing at the 140-acre Brooklyn complex....

Study: NY ranks 49th in affordable housing

The average worker in New York needs to earn $23.21 an hour to afford a two-bedroom apartment, according to a new study from the National Low Income Housing Coalition....

More people look at homes

Vice president at Halstead Property, told Nightly Business Report on PBS that she has seen an increase in people looking at homes to buy, or to just get a sense of what prices are, which was not the case three months ago....

New US house building has stalled

Housing construction in the US fell to its second lowest level on record in March, official figures have shown....
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