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A 3.2% Decrease in Loan Application Seen, Interest Rates May Go Higher; Buyers Rush in While Rates Are Still Low

Higher interest rates are preventing entry-level buyers from purchasing homes, on top of tight home supply.

Celebrity Real Estate: Raja Bell, a Retired NBA Star, Puts His Miami Condo for Sale

Raja Bell, a retired NBA star, had put his Miami condo for sale in October for $999,000. This November, the price was cut to $925,000. The reduction of the price of Bell’s condo comes in the wake of a variety of other moves by him to scale back.

Blackstone Group Sells the London Hotel in Midtown for $382M

Blackstone Group has sold the London Hotel in Midtown for $382 million, or $678,000 per room, to the Abu Dhabi Investment Authority. The Hyatt Times Square and the Marriott Edition on Madison Square Park are also owned by the Abu Dhabi Investment Authority, which is expected to retain the current management team.